NNPC still owe FG over $15bn - NEITI

15 March 2017

The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigerian National Petroleum Corporation (NNPC) is yet to remit 15.8 billion dollars collected from Nigeria Liquefied Natural... Read More...

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Etisalat in deep trouble as three banks get set for takeover

08 March 2017

Despite the intervention of the Nigerian Communication Commission, NCC, to broker a peaceful resolution between Etisalat Nigeria and a consortium of banks, it appears the effort may not have... Read More...

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Just in 2 weeks, CBN pumps $1,138 billion into the forex market

08 March 2017

The Central Bank of Nigeria has credited commercial banks with $100 million for school fees, personal travel allowances (PTA) and medical bills abroad.

This fresh injection by the apex bank...

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CBN intervenes again in the forex market with $367.1m

07 March 2017

The Central Bank of Nigeria has carried out another round of retail interventions in the interbank FOREX market by providing a total sum of $367,134,329.93 to meet the forwards requests of... Read More...

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IPMAN suspends strike after meeting NNPC boss

07 March 2017

The Independent Petroleum Marketers Association of Nigeria, IPMAN, has suspended a scheduled nationwide strike following a meeting with the Group Managing Director of the Nigerian National... Read More...

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CBN explains recent value appreciation of the Naira

03 March 2017

The Central Bank of Nigeria, CBN, said the recent appreciation of the Naira against other currencies was the result of its market monitoring and intervention.

The acting Director, Corporate...

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Arik Air owes IATA $78m for services around the world - AMCON

27 February 2017

The new management of Arik Air  under the Assets Management Corporation of Nigeria says the previous management owes the International Air Transport Association $78m under all the related aviation... Read More...

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Gov. Fayose lied, we are not withholding Ekiti state funds - Ministry

17 February 2017

The Ministry of Finance says that the Federal Government is not withholding statutory allocation to any state.
The Director, Information, Mr Salisu Dambatta made this known in a statement on... Read More...

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Gov. Fayose accuses FG of financial irresponsibility over $1bn Eurobond loan

13 February 2017

Governor of Ekiti state, Ayodele Fayose has described the federal government’s plan to secure Eurobond which re-payment would last till 2032, as recklessness in sourcing loans.

Gov. Fayose...

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FG identifies reasons for high cost of food items, set to tackle the problem

09 February 2017

The Federal government has identified high cost of diesel and transportation of food items from different parts of the country as the main cause of the recent hike in the prices of all food items... Read More...

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