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Osun 2018: INEC bars 23 political parties from taking part in governorship election

The Independent National Electoral Commission, INEC, has barred the 23 newly registered political parties from taking part in the September 22, 2018 governorship election in…

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CBN releases 2017 report on foreign exchange

The Central Bank of Nigeria (CBN), has said that the aggregate foreign exchange inflow into the country stood at $91 billion in 2017. The bank disclosed…

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States owing FIRS N41bn VAT – NEC

The National Economic Council (NEC) says states are owing the Federal Inland Revenue Service (FIRS) N41 billion in value-added tax (VAT). Badaru Abubakar, Governor of Jigawa…

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Lagos seals partnership with foreign firm on Light Rail project

The Police Command in Kaduna State said four of its operatives had died during a gun battle with bandits in the state. The Public Relations…

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Nigerian Govt Disburses N45m Grant To Inventors, Innovators

The Federal Ministry of Science and Technology (FMST) has disbursed a grant of N45 million to deserving inventors and innovators in Nigeria, Dr Mohammed Jubrin…

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Breach of contract: N4.8 billion suit slammed on Bank of Industry

A limited liability company Reagan Cement Limited alleged to have suffered economic misfortune as a result of breach of contract occasioned by Bank of Industry…

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Nigeria to become 3rd world largest exporter of gas

The Nigeria Liquefied Natural Gas (NLNG) Ltd., says its ongoing plans to reach a Final Investment Decision (FID) on its Train-7 project by December will…

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Naira weakens marginally against dollar

The Naira on Monday weakened marginally against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency exchanged at N358.3,…

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Lagos ports expect 28 ships carrying various products

he Nigerian Ports Authority (NPA) says 28 ships carrying petroleum products, food and other goods are expected to berth at the Apapa Tin Can Island…

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Ambode’s order: Lagos shuts 5 Bonded Terminals, others in Ajegunle

The Lagos State Building Control Agency, LASBCA, at the weekend shutdown five illegal Bonded Terminals and five other buildings in Ajegunle area of the state. Governor Akinwunmi…

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Akwa Ibom govt blows hot as fuel crisis hits state

As the effect of fuel crisis continues to bite hard on people living in Akwa Ibom, the state government has warned petroleum marketers in the…

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Unemployment: NNPC pledges more than 5 million jobs with biofuels soon

The Nigeria National Petroleum Corporation (NNPC), on Wednesday guaranteed that in excess of five million employments would before long be made to help (diminish) the…

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Dangote calls for stricter border security for improved backward integration

The Founder and President/Chief Executive of the Dangote Group, Alhaji Aliko Dangote has called on the Nigerian Customs and border services to step up their…

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Manufacturers urge CBN to reduce interest rate

The Manufacturers Association of Nigeria (MAN), has urged the Central Bank of Nigeria (CBN) to reduce its Monetary Policy Rate (MPR) from 14 per to…

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Nigerian government not willing to save for rainy day – CBN cries out

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), on Tuesday, warned the Federal Government to learn to save heavily from current…

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Nigeria’s Inflation drops by 0.37 percent in June

Nigeria’s inflation has dropped by 0.37 percent in June, 2018, the National Bureau of Statistics, NBS, reports on Monday.The reports by NBS said the Consumer…

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CBN buoys forex market with $210m

The Central Bank of Nigeria (CBN), in its quest to guarantee availability of forex for customers’ needs in various segments of the market, has injected another…

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Buhari approves new excise duty rates for alcohol, beverages, tobacco

President Muhammadu Buhari has approved an amendment to the excise duty rates for alcoholic beverages and tobacco with effect from Monday, 4th June, 2018. The…

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External reserves hit $46bn – CBN

The Central Bank of Nigeria (CBN) on Sunday disclosed that the nation’s external reserves currently stands at $46 billion, saying the figures are steadily heading towards the $50 billion mark. Figures…

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President Buhari Set To Establish Modular Refineries

The Federal Government is making progress on the establishment of modular refineries with the arrival of one set of package shipment already in the country…

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