The Department of Petroleum Resources (DPR) earned N748 billion from taxes and royalties paid by oil and gas companies operating in Nigeria in 2017. This was contained in DPR’s report made available at a workshop organised for energy reporters in […]
The monetary policy committee of the central bank of Nigeria has retained monetary policy arte at 14% for the 11th consecutive time. The rate first raised in July 2016 to combat rising inflation. Briefing journalists on Tuesday at the end […]
The Central Bank of Nigeria today flagged off its intervention in the sale of foreign exchange in Bilateral Currency Swap Agreement (CNY), signalling the consummation of the Bilateral Currency Swap Agreement signed with the People’s Bank of China (PBoC) on […]
The Nigerian Senate has approved the payment of =N=348 billion as outstanding subsidy claims to 74 petroleum marketers. This followed adoption of interim report of its Committee on Petroleum (Downstream) on the Promissory Note Programme and a Bond Issuance to Settle Inherited Local […]
France President, Emmanuel Macron, was fulsome of praise at Africa’s culture and its creative industries on display during his visit to Lagos on Tuesday. The Event, which was the launch of the French Season of African Cultures 2020 in Lagos […]
As part of its strategic aspirations to derive maximum value from Nigeria’s abundant natural gas resources, the Nigerian Government is targeting 10 per cent of the world’s market share in traded Liquefied Natural Gas (LNG). The Group Managing Director of […]
The Central Bank of Nigeria (CBN) says the country’s unbanked population currently stands at 37 per cent. Director, Banking & Payment Systems, CBN,Mr Dipo Fatokun, stated this at the third Annual Banking Security Summit organised by MAXUT Consulting in partnership […]
The National Bureau of Statistics (NBS) says the Consumer Price Index (CPI), which measures inflation for May, decreased to 11.61 per cent (year-on-year) from 13.34 per cent recorded in April. The NBS disclosed this in its CPI and inflation Report […]
The National Bureau of Statistics (NBS) has said that the average price of Kerosene per litre increased from N278.49 in April to N280.29 in May. “Average price per litre paid by consumers for National Household Kerosene increased by 0.65 percent month-on-month and decreased by -7.58 […]
The Senate Committee on Industry has called for the return of the Standards Organisation of Nigeria (SON) to the nation’s ports. Senator Sam Egwu, Chairman of the Committee made the call on Monday, during an oversight function to SON’s offices […]
A Pre Bid Conference with three firms that are pushing for the development of the Ibom Deep Sea Port was held in Uyo the Akwa Ibom state capital. The Consortium of Bollore and Power China, China Road Breach Corporation, CRBC […]
The Central Bank of Nigeria, CBN, has made it mandatory for all the Bureau de Change, BDCs, operating in Nigeria to access Foreign Exchange from it thrice a week. A statement from the CBN acting Director, Corporate Communications, Isaac Okorafor, […]
