He debunked rumours that the redesign of the Naira was targeted at an individual, and urged…
Category: Economy
Buhari says his government broke jinx with first oil drilling in North
It is therefore to the credit of this administration that at a time when there is…
Buhari to unveil new naira notes Wednesday
Emefiele announced this during the Central Bank’s Monetary Policy Committee monthly meeting in Abuja Godwin Emefiele,…
CBN raises lending rate to 16.5%
The apex bank had increased the interest rate to 14 per cent months ago The Central…
Ministry of Agriculture kicks against IMF’s food crisis projection
People shouldn’t be afraid of any food crisis. The minister has explained this and so people…
Agony as fire destroys shops in Anambra market
There was no loss of life and the cause of the fire outbreak is unknown About…
NBS says 133 million Nigerians are multidimensionally poor
The survey was implemented in 2021 to 2022 and it is the largest survey with a…
Move to redesign naira causes serious disagreement in Senate
If the Central Bank of Nigeria (CBN) had wanted our support, as major stakeholders of our…
Nigerian inflation rises to 17-year high
On a month-on-month basis, the Headline inflation rate for October 2022 was 1.24%, this was 0.11%…
FG will do away with petroleum subsidy by June 2023 – Finance Minister
In the Medium-Term Expenditure Framework, the Federal Government proposed to spend N3.3tn on fuel subsidy between…
No going back on national carrier – Sirika
I have been very transparent in the processes put in place to deliver the national carrier.…
Aviation: Domestic operators drag FG to court over Ethiopian Airlines
We did not cede Nigeria Air to Ethiopian Airlines. It is the only airline in the…
Selling petrol at N170 no longer sustainable – Kyari
For instance, today, when PMS comes into this country, we transfer to marketers at N113 per…
Anambra has no problem with naira notes redesign – Soludo
By the way, in my own time, I got the naira redesigned. Just to make this…
NNPC blames petroleum subsidy for high rate of smuggling
As long as arbitrage is there, you will continue to have these issues and you cannot…
Nigeria spends $550m loans on rural electrification
What we are used to doing is, every year, we wait and get government’s money from…
FG announces resumption of Abuja-Kaduna train services
Sambo said the ministry has learnt enough lessons from the attack in March which claimed the…
Agony in Southeast as fuel scarcity bites harder
Even at N200 per litre, considering the high cost of diesel to power the station and…
Pastor Adeboye knocks FG over naira redesign
Do you know what is going on in our country? It doesn’t make sense anymore. Our…
Osinbajo, former Colombia president, AfDB lead billion-dollar carbon market
It is an innovative climate change solution which will create, over the period of energy transition,…
Nigeria loses 700,000 barrels of crude oil to thieves daily – Minister
Oil theft has denied the country of an estimated 700,000 barrels of crude oil per day.…
5G network has no negative health effects-NCC reassures Nigerians
NCC will do everything possible to guarantee the safety of the citizenry and ensure that every…
2023 budget: Delta earmarks N111.4bn for infrastructure
We have made substantial progress on the Ughelli-Asaba Expressway. Work will be intensified on this strategic…
Warri Refinery: NNPC, Daewoo Group sign MoU for rehabilitation
By Ife Osemedua The Warri refinery rehabilitation works, when completed, will at the first instance, deliver…
U.S. embarks on training young Nigerians to enhance economy
We are here to work together to enable and empower incredible young African entrepreneurs to find…
FG announces selected bidders for Nigerian airports concession
The next stage of the programme is the negotiations and due diligence stage, during which the…
Full text of CBN Governor’s statement on the issuance of new naira notes
Although global best practice is for central banks to redesign, produce and circulate new local legal…
CBN to introduce new notes in December, old ones to go January 2023
Individuals with cash at hand can begin to deposit their monies into their bank accounts from…
Nigeria’s external debt hits $40billion under Buhari Government from $10billion in 2015
This shows that there has been an increase of 288.18 per cent in seven years, according…
Fuel scarcity: Consumers pay more as private marketers hike price amidst zero supply by NNPC – IPMAN
Since none of the NNPC depots has product, the private depots took advantage of the situation …