FG is drowning in debt servicing – PENGASSAN
Petroleum workers in Nigeria have cautioned about Nigeria's expanding debt profile, which recently reached N77 trillion after parliament allowed the securitization of CBN Ways and Means loans. Nairametrics reported that…
FG okays new national automotive industry development plan
The Nigerian government has announced the adoption of a new National Automotive Industry Development Plan for the next ten years as well as the adoption of the Nigeria Investment Policy.…
Tesla increases model prices in the US
Tesla has increased the prices of its Model S, X, and Y electric vehicles in the United States by a low digit per cent, but they are still considerably lower…
Emefiele urges risk management institutes to equip professionals
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has called on the Chartered Risk Management Institute of Nigeria to develop risk management professionals who can create and implement…
Naira falls at parallel market, gains on I&E window
Naira experienced a decline of 0.54 per cent against dollar, closing at ₦750 on the black market while it slightly strengthened by 0.06 per cent closing at ₦462.73/USD at the…
Volvo Cars delays production of electric SUVs
Sweden-based automobile giant, Volvo Cars has announced a delay in the production of its new Volvo EX90 model due to the need for additional software development and testing. The company…
FEC okays management concession for 400MW hydro power plant
The Federal Executive Council has approved an Operation and Management concession for the 360 Mega Watts Gurara II Multipurpose Dam & Hydro Power Plant and the 40 Mega Watts Kashimbilla…
Naira weakens at stock market, drops to N463 – Report
On May 10, the Naira fell against the US dollar, trading at N463.02/$1 in the Investors and Exporters window of the foreign exchange market. According to BusinessPost, data from FMDQ…
Siemens profit hits 39% increase first quarter
The Indian branch of Siemens AG, Siemens Ltd, on Thursday, reported a 39 per cent increase in quarterly profit due to a rise in infrastructure spending in India. According to…
FCTA reopens Garki Market after closure for inadequate sanitation
The Garki International Market in Nigeria has reopened after being closed last week due to inadequate sanitation and hygiene. The Federal Capital Territory Administration announced this in a press release on…
Why BVN has no expiry date — CBN
By Wilson Adekumola The Central Bank of Nigeria, has reacted to reports suggesting that the Bank Verification Number expires after 10 years, saying that it has no expiry date.…
Nigeria’s oil production drops by one million barrels – FG
The Federal Government of Nigeria revealed on Wednesday that the country's oil production is presently below its technical capacity by roughly one million barrels per day. The government cited various…
