UBA ATM Card Holders Can Now Perform FOREX Transactions After Central Bank of Nigeria (CBN) restricted naira-denominated ATM card from accessing forex starting from Jan 1,...
Nigeria has opened talks with China for the financing and construction of two new communication satellites at a cost of $701m. The new satellites, to be...
The debt owed the 11 power distribution companies by the three tiers of government has risen to N45bn, according to the latest data compiled by the...
Naira Strengthens Against US Dollar at Parallel Market The Nigerian Naira strengthened against the US dollar as speculators are skeptical of CBN possible policies in 2016....
The Organisation of Petroleum Exporting Countries has highlighted the need for more refining facilities in Nigeria and other African countries to meet their growing demand for...
Nigeria’s external reserves has so far depreciated by 15 per cent this year at its current value of $29.342 billion, compared with the $34.493 billion it...
The country is targeting an annual income of over $700m (N138bn) from the export of cashew nuts by the year 2020. The National President, National Cashew...
Filling stations belonging to the Nigerian National Petroleum Corporation will from January 1, 2016 sell petrol for N86 per litre, while other stations belonging to different...
Economists and finance experts have expressed divergent opinions on the proposal by the Federal Government to borrow N2.2tn to finance the deficit envisaged in the 2016...
NIGERIANS may have inadequate power supply for a long time as Sam Amadi, the out-going Chairman, Nigerian Electricity Regulatory Commission, NERC, said that 6,000 megawatts of...