Why we Intervened in Forex Market The Central Bank of Nigeria on Thursday said that its current intervention in the foreign exchange market was purely to...
Oil Price Rises as OPEC sticks to Output Pledges Oil reversed earlier losses, yesterday, as investors took heart from strict Organisation of the Petroleum Exporting Countries,...
Nigeria’s Manufacturing Activities Declined in February The Nigerian manufacturing sector declined in February for the second consecutive months, after expanding 52.0 in December 2016. The Manufacturing...
Shale: Nigeria, Others Must Lower Costs Members of the Organisation of the Petroleum Exporting Countries must lower production costs to compete better with shale oil producers,...
EU, Germany Support Nigeria’s Energy Project with €25m The European Union and the German government are jointly providing a total of €25m (N8.1bn) as energy support...
FG Approves N701bn Payment Guarantee for Power Firms The Federal Government on Wednesday approved N701bn payment assurance guarantee for any energy produced by the electricity generation...
Nigeria’s Economy Contracts 1.51% in 2016 The Nigerian economy contracted in the fourth quarter of 2016 for the fourth consecutive quarters. However, the rate of contraction...
FG to Attract $10bn Oil and Gas Investments The Minister of State, Petroleum Resources, Dr Emmanuel Kachikwu, has said that the Federal Government will attract more...
Local Debts Killing Economy, Senate Tells FG The Senate, on Tuesday, asked the Federal Government to settle all its debts to local contractors in the interest...
FG to Enforce Buying of ‘Made in Nigeria’ Products The Federal Government says it has put plans in motion to enforce the buying of Nigerian products...
