Fuel scarcity persists in Lagos, Abuja, others:
Fuel scarcity continued across the country on Sunday as hundreds of motorists and other petrol users formed long queues at the filling stations that dispensed the product.
FG eyes N1tn JV funds to finance budget deficit:
The Federal Government may use money set aside for funding joint venture projects with foreign and local oil firms to make up any shortfall in the 2016 budget if its revenue projections are not met, the Minister of Finance, Mrs. Kemi Adeosun, has said.
Dangote commences work on Okpella cement plant:”
Dangote Cement Plc on Saturday began the construction of a new cement plant in Okpella, Edo State.
CBN commits N26bn to sugar production:
The Central Bank of Nigeria has committed about N26bn to support the production of sugar in the country as part of measures to promote economic diversification.
Forex: Bankers Committee calls for adjustments :
The Bankers Committee has said that the scarcity of foreign exchange in the country requires adjustment on the part of every Nigerian.
FRC, shareholders poised for war over audit committee chair :
Trouble is brewing between the Financial Reporting Council (FRC) and notable shareholder groups in the country over a draft rule by FRC spelling out the qualification individuals aspiring to the position of audit committee chairmen of quoted companies must possess.
BoI, Kaduna partner on N1.5tr investment plan:
The Bank of Industry (BoI) has expressed its readiness to key-in into the Kaduna State Government’s five-year economic and investment development plan.
Interbank rates fall amid N519b NDIC premium, CRR debits, forex provisions:
For the second week in a row, the interbank lending rates failed to rise even as the liquidity level in the financial system was depleted significantly towards the end of the week’s activities, from about N518.8 billion to N405 billion.
NNPC loses N24b to Forcados pipeline vandalism:
The Nigerian National Petroleum Corporation (NNPC) said it recorded N24.23 billion loss in February, and that gas supply decline of 70million standard cubic feet per day (mmscf/d) to power plants in the same month occurred due to vandalism of the 48-inch Forcados export line.
DMO: Fed Govt to borrow N1.84tr to fund 2016 budget:
The Federal Government is set to borrow N1.84 trillion from external and domestic markets to finance the 2016 budget, the Director-General, Debt Management Office, DMO, Dr. Abraham Nwankwo has said.