NNPC :It is no longer possible to sell petrol at N145 per litre
The Nigerian National Petroleum Corporation (NNPC) on Monday said the price of petrol cannot remain at N145 per litre, owing to the current exchange rate....
IMF Affirms Nigeria as Africa’s Largest Economy among Others
Despite facing its worst economic recession in 29 years, Nigeria has been affirmed by the International Monetary Fund (IMF) as the biggest economy in Africa...
Oil prices fall on higher OPEC production
Oil prices fell yesterday after the Organisation of Petroleum Exporting Countries (OPEC) said its production had risen to the highest level in at least eight...
CBN: we’re committed to exchange rate stability
The Director, Monetary Policy Department of the Central Bank of Nigeria (CBN), Moses Kpughur, has expressed confidence in the ability of the apex bank to...
IMF Introduces Zero Interest to Low Income Countries to Curb Poverty
The International Monetary Fund (IMF), has introduced zero interest rates on all its concessional facilities to low income countries until 2018. The Managing Director, IMF,...
Customs seizes 117,034 bags of rice
The Nigeria Customs Service (NCS), impounded 117,034 (50kg) bags of rice with duty paid value of N774,282,300 in the first three quarters of this year,...
Recession: EU chief advises Nigeria to devalue Naira
European Union (EU) official Fillippo Amato yesterday advised the Federal Government to devalue the Naira as part of measures to tackle the economic recession. Amato,...
Economic Growth: CBN Targets Foreign Investors
The Central Bank of Nigeria will pursue price stability as an anchor for economic growth and attract foreign investors as the country battles economic recession...
Dangote Group: ‘Diversification Is Key to Our Success’
The Dangote conglomerate has revealed that diversification is centratl to its success story even as it gave hint on how businesses can thrive. The President...
World Bank: Tight Monetary Policy Will Stabilize Naira, Attract Investors
The World Bank has sanctioned Nigeria’s tight monetary policy environment, saying it would help stabilise the naira, strengthen real interest rates, and encourage a return...