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Naira Exchanges At N360.56 Against Dollar At Investors’ Window

The Naira on Wednesday traded at N360.56 against the dollar at the investors’ window. The Nigerian currency was sold at N362 to the dollar at…

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DMO Raises N1.2trn From Domestic Market For Capital Projects

The Debt Management Office (DMO) says in line with its statutory mandate of funding federal budgets, it raised N1.2 trillion to fund the capital component…

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Nigeria’s Inflation Drops To 15.37% In December 2017 – NBS

The National Bureau of Statistics (NBS) says inflation rate, measured by the Consumer Price Index (CPI), has further dropped to 15.37 per cent in December…

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Telecom Operators Likely To Implement NCC Policy

The Association of Licensed Telecommunications Operators of Nigeria (ALTON) says its members are likely to implement the 14 days g ace for data roll-over planned…

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N144.7b Earned From Cashew Exports In 2017

The National Cashew Association of Nigeria (NCAN) says Nigeria earned N144.7 billion ($402 million) from the export of raw cashew nuts to Vietnam and other…

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Customs Targets N1.5 Trillion In 2018

The Nigeria Customs Service has set a revenue target of N1.5 trillion for 2018. The Comptroller-General of Customs, Hammed Ali, disclosed this at the first…

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Edo Inland Container Dry Port Will Soon Commence Exports Activities

The Edo Inland Container Dry Port (EDO-ICD) will soon commence export activities from operational base, an official of the port has said. Mr Charles Akhigbe,…

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CBN Pumps Another $262.5m To Forex Market

The Central Bank of Nigeria (CBN) on Friday intervened in the inter-bank Foreign Exchange Market with 262.5 million dollars. Data obtained from the CBN in…

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Nigeria Ends 2017 With 101,695 Domain Names

The Nigeria Internet Registration Association (NIRA) said on Friday that 101,695 domain names existed in the country’s domain registry as at 2017, up from 76,907…

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9mobile Acquisition: NCC Sets New Bidding Deadline

The Nigerian Communications Commission (NCC) has said that the new deadline to conclude bidding for the acquisition of 9Mobile is Jan. 16, as against Dec….

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NCC reacts to sale of 9Mobile to ‘anointed bidder’

The Nigerian Communications Commission (NCC) on Thursday dismissed reports alleging that a preferred bidder has been anointed for the acquisition of telecom giants, 9Mobile. T​his…

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Paddy Rice Output Increases To 17m Tonnes In 24 Months

Chief Audu Ogbeh, the Minister of Agriculture and Rural Development, said that the production of paddy rice had increased from five million tonnes to 17…

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Obaseki, China SINOPEC Sign 5,500bpd Edo Modular Refinery Deal

Edo State Government Wednesday signed a Memorandum of Understanding (MoU) with a Chinese Consortium for the construction of a 5,500 barrel per day modular refinery…

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Confluence Rice Factory Set To Be Inaugurated In March

Kogi Government on Wednesday said its Confluence Rice Factory, Omi, would be inaugurated in March as part of efforts to join leading rice producing states…

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World Bank Predicts 2.5% Growth For Nigeria In 2018

The World Bank forecasts that economic growth in Nigeria would edge up to at least 2.5 per cent in 2018, as the country benefits from…

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IHG threatens to exit Nigeria, Skye Bank’s receiver speaks

Intercontinental Hotels Group (IHG) has threatened to pull out of Nigeria. The company is alleging breach of contract by Messrs Kunle Ogunba, the Skye Bank…

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Ex-petroleum minister wants IPMAN licenses revoked

A former Minister of Petroleum, Alhaji Umaru Dembo, on Tuesday advocated for revocation of licences granted members of Independent Marketers’ Association of Nigeria (IPMAN) to…

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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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