The Senate, on Wednesday, indicted the Nigerian National Petroleum Company Limited (NNPCL) for lack of transparency…
Category: Business/Economy
FG secures $800m World Bank grant for subsidy palliatives
The Federal government has confirmed receipt of $800 million World Bank grant as part of its…
Nigeria’s economic growth to stagnate at 3% in 2023, KPMG predicts in latest Report
* New govt to face huge challenge on forex mgt Nigeria’s Gross Domestic Product (GDP) will…
Naira records mixed fortune against US dollars
The foreign exchange (forex) market witnessed different movements in the exchange rate between the Naira and…
Buhari switches to another Chinese bank for $973.5m loan after China Exim Bank declined
The Senate, on Tuesday, approved a new Chinese bank – China Development Bank – to fund…
Lekki Sea Port to receive first vessel on April 7
The Lekki Port Management Enterprise Limited (LPLEL) has disclosed that commercial operations will begin at the…
Second Niger bridge opens on May 15, Lagos-Ibadan highway for completion April 30, says Fashola
The Minister of Works and Housing, Mr. Babatunde Fashola (SAN), has given the assurance that Second…
Q1 2023: CBN explains $1.4bn drop in external reserves
* Amid forecast of further decline The Central Bank of Nigeria (CBN) has explained the reasons…
Naira loses to US dollar at official market
The Naira, on Monday, suffered depreciation against the US dollar at the Investors and Exporters (I&E)…
Naira swap: Soyinka chides Emefiele for ‘crime against humanity’
Prof. Wole Soyinka has criticised the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele,…