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Naira Sells At N361.5 Per Dollar At Parallel Market

The Naira was sold at N361.5 to the Dollar at the parallel market on Tuesday. The Pound Sterling and the Euro were also sold at…

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N100bn Shortfall: FG Orders Contractors To Show TIN Before Payment

The Federal Government has ordered vendors of Ministries, Departments and Agencies (MDAs) to display their Tax Identification Numbers (TINs) on their invoices before payments are…

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NIPOST Commended For E-stamp Initiative

Mr Reuben Odiri, a telecom expert says the initiative by the Nigerian Postal Service (NIPOST) to introduce e-stamp is commendable as it will encourage the…

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FG Mismanaged $500m Chinese Loan

Comrade Abdulrazak Saidu, the General Secretary of the Association of Nigeria Aviation Professional (ANAP), has alleged that that the recent $500 million loan secured from…

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Nigeria Foreign Reserves Hits $40.4 Billion

Nigeria’s foreign reserves reached $40.4 billion as of Jan. 5, an increase of roughly $1 billion from December, the Central Bank of Nigeria, CBN, said…

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Prices of rice drops by 25%

A check at Gamboru and Customs Area Markets in Maiduguri indicated that prices of the commodity had dropped in the past two months since the…

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Fowler Named Among World’s 50 Most Influential Tax Person

Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has been named among the world’s 50 most influential tax personalities and institutions by…

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ONEm is launching mCoin, the first Digital Currency accessible without the Internet

ONEm, based in London, is launching mCoin, a unique digital currency, in collaboration with top cryptocurrency technologists. Differing from all other digital currencies, mCoin is…

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NSE Index Down By 0.20%, Closes On Negative Trend

Trading on the Nigerian Stock Exchange (NSE) on Wednesday recorded low gain, with the All-Share Index dropping by 0.21 per cent. The index closed lower…

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Abuja – Kaduna Rail Service To Transport 1m Commuters Annually

The Abuja – Kaduna railway service will be boosted by additional rolling stock on Thursday and will be able to handle one million commuters annually,…

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Nigeria’s Gas Production Rose By 20.23% In 2015

The Nigeria Extractive Industries Transparency Initiative (NEITI) on Friday said Nigeria’s gas production rose by 20.23 per cent in 2015. NEITI said this in Abuja…

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Poultry Industries Closing Down Due To Shortage

Mr Tunji Adenola, the National President of Maize Association of Nigeria (MAAN), says poultry industries across the country are closing down because of shortage of…

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NBS reveals number of Nigerians unemployed under Buhari’s govt

The National Bureau of Statistics (NBS) has said an estimated eight million Nigerians became unemployed between January 2016 and September 30, 2017. This unemployment survey…

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Tax Evasion: Firm Reopens Sealed Dredging Site In Bayelsa

The Azikel Group, an indigenous sand dredging firm, has resumed business in spite of the sealing of its sitee by Bayelsa Board of Internal Revenue…

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Stocks Boost NSE Market Indicators By 1.09%

The market indices of the Nigerian Stock Exchange (NSE) appreciated further on Thursday with a growth of 1.09 per cent following gains by some highly…

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Mining Added N3.5bn To Federal Account In 2017

The Ministry of Mines and Steel Development said it contributed N3.5 billion to the Federation Account in 2017. Dr Kayode Fayemi, the Minister of the…

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Enugu State Generates N18bn In 10 Months

The Enugu State Government on Thursday said it raised N18 billion as Internally Generated Revenue(IGR) in 10 months. Gov. Ifeanyi Ugwuanyi made the disclosure while inaugurating…

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Nigeria’s Export Value Hits N3.57bn In Q3 2017 – NBS

The National Bureau of Statistics (NBS) has said that Nigeria’s total exports in the third quarter of 2017 stood at N3.57 billon, showing 13.19 per…

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CBN Injects $210m Into Currency Market

The Central Bank of Nigeria said on Tuesday it had injected 210 million dollars into the interbank foreign exchange market, extending efforts to boost liquidity…

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Revenue: Ogun Ministry Targets N4bn In 2018

Mr Bimbo Ashiru, the Commissioner for Commerce and Industry in Ogun, on Monday said that the ministry had put in place machinery to generate N4billion…

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