Lagos closes N85.14bln bond

Lagos State Government on Monday announced the closure of the N85, 140,000,000 Series 2 Bond Issuance geared towards improving the physical and social infrastructure in the...

CBN injects $210 mln into currency market

Nigeria’s central bank said on Tuesday it had injected $210 million into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate...

Nigeria’s inflation drops to 17.24% in April – NBS

The National Bureau of Statistics (NBS) on Tuesday stated that the country’s inflation dropped to 17.24 percent in April on year-on-year basis from 17.26...

Fitch rates Nigeria Long-Term FX currency Issuer Negative

by ADEBISI ADEMOLA  Following a tight foreign exchange liquidity and low oil production, Fitch, an International ratings agency has rated Nigeria Long-Term Foreign and Local...
Lai Mohammed

FEC, not governors, will decide sale of national assets – FG

The Minister of Information and Culture, Alhaji Lai Mohammed, says the final decision to sell national assets will be taken by the Federal Executive...

Power generation companies release 3,632MWh of power Feb.13 – Report

Twenty-eight electricity generating companies in Nigeria have released an average of 3,632MW/hour of power on Feb. 13, according to the website of the Nigerian...
Ibe Kachikwu

NNPC, CBN collaborate to help oil marketers on importation

The Nigerian National Petroleum Corporation (NNPC) says it is working in collaboration with the Central Bank of Nigeria (CBN) to help oil marketers commence...

Naira weakens against dollar at parallel market

The naira on Monday depreciated by 0.8 percent to exchange at N265 to the dollar at the parallel market. The greenback lost N2 to the dollar...

Etisalat Nigeria says discussion on-going with banks over loans

Etisalat Nigeria on Thursday said talks are still on-going with the banks as the telecom firm dispelled the rumour of its take-over over its...

Ambode commissions CFAO, Yamaha’s 70,000 capacity motorbikes assembly plant

Lagos State Governor, Mr. Akinwunmi Ambode on Friday commissioned motorbikes assembly plants reaffirming the state as the most attractive location financially and socially for...