China Development Bank grants Nigeria $255m for Kano-Kaduna railway project
China Development Bank has approved a $254.76 million loan to Nigeria to support the completion of the Kano-Kaduna railway project. This development comes ahead of...
Business
Why Naira is in massive recovery race across all markets, by bankers
There are indications that the newly introduced foreign exchange market system by the Central Bank of Nigeria, CBN, is the driving force behind the recent...
Port Harcourt refinery, tanker drivers at war over delay in product loading
The Port Harcourt Refining Company, PHRC, and Petroleum Tanker Drivers, PTD, are at war over the overloading of products at the refinery. While PHRC accused...
Nigeria’s Central Bank Introduces Electronic Foreign Exchange System, Pegs Trading At $100,000 Minimum
The Central Bank of Nigeria (CBN) has unveiled guidelines for the Electronic Foreign Exchange Matching System (EFEMS). According to the apex bank, this development is...
Buy 2 million litres of fuel at N970 – Dangote to Nigerians
Dangote Petroleum Refinery has said its customers can purchase a minimum of two million litres of Premium Motor Spirit, PMS, also known as fuel at...
LASG, Caverton partner on local boat manufacturing
The Lagos State Government has partnered with Caverton Marine to boost local boat manufacturing and save capital flight by 70 per cent. The General Manager...
Bad roads driving food inflation, says LCFE boss
The Managing Director/Chief Executive Officer of Lagos Commodities and Futures Exchange, Mr Akin Akeredolu-Ale, has identified, bad roads and a poor turnaround time for commodities...
Govt may allow customers acquire meters from any manufacturer – Adelabu
In a bid to hasten up the metering programme of the Federal Government, the Minister of Power, Adebayo Adelabu, has said customers may be allowed...
SIM-NIN: Subscribers kick against Friday deadline, demand extension
The National Association of Telecommunications Subscribers has requested that the Nigerian Communications Commission extend the deadline scheduled for the disconnection of telephone lines not linked...
Tinubu’s 50-member emergency teams get six months to rescue economy
President Bola Tinubu on Wednesday established a 31-man Presidential Economic Coordination Council comprising himself, the Vice President, Senate President and the Chairman of the Nigerian...