Category: Economy

FG, states, LGAs share N1.123trn in March

Alex Omenye The Federation Account Allocation Committee has disclosed the distribution of N1.123 trillion to...

Why Nigeria should be removed from FATF’s grey list – Stakeholders

Stakeholders are requesting that Nigeria be removed from the grey list of the Financial Action...

Nigeria’s FX reserves shrink linked to debt repayments – CBN

The Central Bank of Nigeria has thrown more light on the reasons for the notable...

BDCs now buy dollar at N980, sell N1,020 – President

The Association of Bureaux De Change Operators of Nigeria President, Aminu Gwadabe, has said BDC...

FG pays N600bn monthly on fuel subsidy – Rainoil CEO

The CEO of Rainoil Limited, Gabriel Ogbechie, has declared that the federal government has resumed...

Nigeria’s FDI dropped by $19bn in 10 years – Minister

The Foreign Direct Investments into Nigeria dropped by $19bn in 10 years, from $22.7bn in...

Nigeria becomes world’s highest CRR country — Ecobank official

The Head, of the Group Corporate Banking and Chief Operating Officer, at Ecobank Transactional, Dr....

Long queues resurface at filling stations as marketers blame supply hitch

Long queues at gas stations in Lagos and Ogun began to form again, causing concern...

Naira sells at N1262 against dollar

The naira, on Wednesday, continued its gain against the United States dollar, appreciating both at...

NNPCL denies reducing fuel pump prices

The Nigerian National Petroleum Company Limited has debunked claims that it has reduced the pump...

CBN sells N1.64 trillion in treasury bills

The Central Bank of Nigeria successfully conducted an auction of Nigerian Treasury Bills on March...

Interest rate: Private sector predicts higher inflation, massive job cuts

Private sector operators stated on Tuesday, that the rise in Nigeria’s Monetary Policy Rate, from...