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Nigeria’s External Reserves Lose $178m in March- CBN

Nigeria’s foreign reserves lost $178m in March , according to statistics from the Central Bank of Nigeria . The reserves which stood at $34.99bn as...

Court Throws Out AMCON’s Ex-parte Order

 Ovie Edomi Ahmed Kuru, AMCON CEO   An Abuja Federal High Court has vacated an ex-parte order against Peace Global Satellite Communication network and its Managing Director,...

CBN Predicts Economic Recession ,Reduces Monetary Policy Rate

The Monetary Policy Rate (MPR) has been reduced by the Central Bank of Nigeria (CBN) , from 12.5 per cent to 11.5 per cent...

FG Gets N272.905 bn from ₦682.060bn FAAC Revenue

The ₦682.060 billion August 2020 federation account revenue has been shared  by the  Federation Accounts Allocation Committee (FAAC)  to the Federal, States and Local...

FG Set to Again Revise Oil Benchmark Price to $20 over COVID-19

… as It Says Economy Will Contract by 3.4 % Due  to  the adverse implications of the COVID-19  pandemic on the economy, Nigeria’s Budget plan...

COVID- 19: CBN Stops Banks from Sacking Workers

Sequel to the decision of some banks to sack their workers due to the loss they are sustaining as a result of  the outbreak...

CBN Scraps, Reduces Banks Charges

The Central Bank of Nigeria(CBN) has scrapped the controversial Card Maintenance Fee(CAMF) as well as slashed the Automated Teller Machine(ATM) charge as part of...

Reason IMF Is Backing Nigeria on Border Closure

Ahmed , Finance Minister   The International Monetary Fund has expressed its support for Nigeria on the closure of its land borders because it understands that...

Full Text of President Buhari’s 2020 Budget Speech

PROTOCOLS   I will start by asking you to pardon my voice. As you can hear, I have a cold as a result of working...

Buhari Presents 2020 Budget Proposal to National Assembly Today

The Presidency says the 2020 Appropriation Bill is to be presented to a joint session of the National Assembly (NASS) today,  by President Muhammadu...

FAAC: FG, States, LGs Share N769.52bn for July

A total sum of   N769.52 billion, was shared   as federal allocation for the month of July, by the Federal Government, States and Local Governments...

CBN Gov Says More Items Are to Be Blocked from FOREX

Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has said that importers of more items are to be denied access to foreign exchange (forex)...
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NIMASA Committed to Creating Enabling Environment for Maritime to Thrive- Jamoh

To Continue to Prevent Marine Pollution   As part of measures to  continue to create an enabling environment for the maritime  sector to thrive, the...

Lagos , Security Operatives to Enforce Ban on Okada from June – Sanwo-Olu

The Lagos State Government has pledged that it  will go ahead with its proposed ban on commercial motorcycles, known as okada on highways and...

26 Global Firms In Alliance to Make Workforce Fit for Sustainable Maritime Future

 Industry players from across the global maritime value chain came together in Zurich on 24 May to launch the All Aboard Alliance, which will...

Okada Ban: Lagos State Gets Backing of Arewa Community

 Sequel to the Lagos State total ban  on the operation of  Okada riders in some  Local Government Areas  in the Lagos metropolis , effective...