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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See list of some of the items banned by FG, No 14 will shock you

07 January 2017

The Federal Government has slashed import duties on some item while increasing the tariff of others.

This is prompted by the need to promote development in certain sectors of the economy... Read More...

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Police uncovers illegal oil depot at Oregun, Lagos

01 December 2016

The Lagos State Police Command has uncovered an illegal oil depot located underneath the Oregun-Opebi Link Bridge in Onigbongbo Local Government Area of the State, arresting eight suspects in the... Read More...

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