Business

FG to Sell Two Year Savings Bond at Higher Interest Rate of 12.5%.

The Federal Government of Nigeria (FGN) has opened the sale of its Savings Bond to retail investors with the promise…

2 years ago

FG’s Borrowing From CBN Still Exceeds Limit.

The federal government’s borrowing from the Central Bank of Nigeria (CBN) stood at N4.36 trillion as of June, a month…

2 years ago

Tackle High Inflation, Sanusi Tells CBN

A former Governor of the Central Bank of Nigeria, CBN Lamido Sanusi, has advised the incumbent governor of the apex bank,…

2 years ago

Petroleum Minister threatens to cancel idle modular refinery licences

The federal government has said it will crack down on and cancel licenses of modular refinery license holders who are…

2 years ago

Cooking Gas Scarcity Hits Lagos, Kano, Katsina, Other States

Scarcity of Liquefied Petroleum Gas also known as cooking gas has hit Lagos and some other states in the country.…

2 years ago

BDC Operators Caution Currency Speculators as Naira Gains

The Association of Bureau de Change Operators of Nigeria is warning currency speculators to be wary as the Naira strengthens further…

2 years ago

Naira Gains as Dollar Falls to N1,140.

The cost of one dollar, which peaked at N1,310 last week has nosedived, resulting in naira appreciation at the parallel…

2 years ago

Relief in Sight as CBN Pares Down FX Backlog

The Central Bank of Nigeria (CBN) has begun to clear the backlog of foreign exchange forward contracts — a move…

2 years ago

NAFDAC Raises Alarm Over Deadly Energy Drinks

The National Agency for Food and Drugs Administration and Control (NAFDAC) has issued a public alert, warning consumers about the…

2 years ago

FG Oil Revenue Down by 36% in May, Says CBN

The Federal Government’s oil revenue target for May has dropped from N804bn to N223bn, representing about 72 per cent reduction in federal earnings;…

2 years ago