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Kachikwu responds to Sanusi over absence at investors summit

The Minister of State for Petroleum Resources Resources, Dr. Ibe Kachikwu, has debunked claims credited to the Emir of Kano, Alhaji Muhammad Sanusi that the...

Nigeria’s crude oil export under threat as US increases oil output

There are reports that Nigeria’s crude oil exports are under pressure as the United States is flooding Europe market with a large volume of...
Jim Yong Kim

Nigerians in diaspora remitted US$22 billion in 2017

Nigerians in diaspora remitted a total of US$22bn back home in 2017. This is according to the World Bank  Migration  and Development Brief which was...

FAAC disbursed ₦647.39 billion for the month of March

The National Bureau of Statistics has released the Federal Account Allocation Committee for the month of March. The Federation Account Allocation Committee (FAAC) disbursed the...

Gwarzo faults House decision on his suspension

The suspended Director-General of the Securities and Exchange Commission, Munir Gwarzo has reacted to the decision of the House of Representatives ratifying his removal...

Adeosun – Expect better economic growth in 2019

Minister of Finance, Kemi Adeosun, has affirmed that the country’s positive growth would be sustained. The Minister alongside the CBN Governor, Godwin Emefiele, gave this...

Adeosun, Emefiele defend absence at US investment meeting

The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, and Minister of Finance, Mrs. Kemi Adeosun have come out to explain reasons why...

Nigerian Immigration Service (NIS) generated ₦35.7 billion in 2017

The Nigerian Bureau of Statistics has released the Immigration Statistics for the year 2017. There was an 80.43% drop in passport applications in 2017. A...

Adeosun defends Nigeria’s growing debt profile using the metric economists hate to love

Minister of Finance, Kemi Adeosun has assured that Nigeria’s debt level was still sustainable and under control. Reacting to comments credited to IMF Managing Director...

These are some of the best “Lazy Nigerian Youth” response to Buhari

Nigerians have reacted to the comments made by President Muhammadu Buhari at Commonwealth Business Forum in London accusing much Nigerian youth of laziness. Speaking at the...

DBN secures $70 million equity investment from AfDB, EIB

The Development Bank of Nigeria, DBN, has announced a $70 million equity injection from the European Investment Bank, EIB, and the African Development Bank,...

$47 billion in the account! How external reserves affect your pocket

In case you didn’t know, Nigeria’s external reserve hit $47 billion on Wednesday, the highest in over 4 years. We had an inkling of...

House of Reps endorse Kemi Adeosun’s suspension of SEC DG

The House of Representative has ratified the suspension of the Director-General of the Securities and Exchange Commission, SEC, Mr. Munir Gwarzo, by the Minister of Finance,...

Buhari explains what he wants from Commonwealth States

President Muhammadu  Buhari has used the opportunity of the ongoing Commonwealth Business Forum to call on member states to come up with more beneficial...

IMF advises Nigeria against reckless spending

The International Monetary Fund (IMF) has advised Nigeria and other oil-producing countries to make the best of the current uptick in crude oil prices. Director...
Visionscape

Lagos State Government sued over new waste management law

The Lagos State Government has been dragged before the Federal High Court by two members of the Association of Waste Managers of Nigeria who are...

Addax Petroleum workers begin strike action

Workers of Addax Petroleum Development Nigeria Limited, a subsidiary of Addax Petroleum, have announced the commencement of an indefinite strike action against the Management...

CBN March BES report reflects improved optimism

The Central Bank has released its monthly Business Expectation Survey BES report for the month of March. The report shows insufficient power supply, high-interest...
Kemi Adeosun

How Trump’s angry tweets on Syria and Russia benefit Nigeria

Crude oil  prices soared high on Wednesday, trading at  $73 per barrel in the aftermath of US President warnings to strike Russia's ally Syria. This...
CBN Governor Godwin Emefiele

Naira appreciates to one month high on parallel market

The Naira, today rose to ₦360 at the parallel market and ₦305.55 at the official rate.  This marks the highest rate witnessed in the past one...
TUNDE FOWLER, EXECUTIVE CHAIRMAN, FEDRAL INLAND REVENUE SERVICE

Again, Government extends VAIDS

President Muhammadu Buhari has approved the extension of the Voluntary Assets and Income Declaration Scheme (VAIDS or the Scheme) by three months. The Scheme...

Average cooking gas price drops to ₦2090 in March

The National Bureau of Statistics NBS has released the Liquefied Petroleum Gas price watch for the month of March. Average price for the refilling...

BOOM: Inflation rate slides to 13.3%, lowest in 2 years

Key Highlights Inflation rate - 13.34% Food Inflation - 16.08% Core Inflation - 11.2% The National...

Average fuel price drops to lowest in 4 months

The Nigeria Bureau of Statistics NBS has released the Premium Motor Spirit PMS price watch for the month of March. The report shows the average...

Kachikwu clears air on ₦1.4 trillion “under-recovery” payment

The Minister of State for Petroleum Resources, Ibe Kachikwu, has clarified comments credited to him over the ₦1.4 trillion under recovery fund spent by...
2019 General Election

Markets tank as President Buhari announces intention to run for a second term

Perhaps in response to President Muhammadu Buhari declaring his intentions to run for a second term, Nigeria’s financial markets all reacted negatively. The Nigerian Stock...

This is the office Aishah Ahmed will be heading at the CBN.

The newly appointed deputy governors of the Central Bank have been assigned their various offices. This was sequel to their assumption of duties on...

How the CBN’s HOLD decision on interest rate affects you

After a long delay due to the National Assembly refusing to screen nominees, the Central Bank of Nigeria (CBN)'s Monetary Policy Committee  (MPC) met...

CBN Q1 2018 credit survey report shows increased in demand for loans

The Central Bank of Nigeria has released its Q1 2018 credit conditions survey report. Here are key points from the report The overall...

Why NNPC remitted low revenue into Federation Accounts

According to reports, the failure of some oil companies in remitting their royalties to the Nigerian National Petroleum Corporation NNPC caused the reduction in revenue...