CBN to further flood forex market

In spite of the naira’s strong showing in the foreign exchange market last week, which saw…

Nigeria’s debt stock rose to $63bn in March – Debt Office

Nigeria’s total debt rose to N19.15 trillion ($62.91 billion) as of March 2017, from N17.36 trillion…

NNPC incurs losses as marketers shun petrol importation

With oil marketers shunning the importation of petrol due to dwindling margins, the Nigerian National Petroleum…

EU rejected 24 Nigeria exported products in 2016 -NAFDAC

The National Agency for Food and Drug Administration and Control (NAFDAC), says European Union (EU) rejected…

OPEC to legalise oil cut with non-OPEC – Barkindo

Following the success of the second joint Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC meetings,…

Senate plans heavy tax on citizens, establishes National Roads Funds

Road users in Nigeria be in for a multiple tax payment regime if the bill seeking…

CBN lifts Naira with $482.6m

The Central Bank of Nigeria (CBN) Tuesday intervened in the inter-bank market to the tune of…

Emefiele, Okonjo-Iweala compare notes on Nigeria’s ailing economy

Nigeria’s former Finance Minister and Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, has warned that…

U.S increases import of Nigerian crude in May

Preliminary data released by the US Energy Information Administration (EIA) for the week ended May 12,…

Nigeria lost N3.3 trillion oil revenue in 2016 – EIA

The Federal Government recorded a deficit of $11 billion (N3.3 trillion using the official exchange rate…