Airport Authority Shuts Down Gombe, Kebbi Airports Over N800 Million Debt
The Federal Airports Authority of Nigeria (FAAN) has closed down Gombe and Kebbi airports over an N800 million debt.
The closure of the airports was...
3 Tiers Of Government Share N617.56 Billion March Revenue; Minimum Wage May Wait
The three tiers of Government in Nigeria have shared N617.56 billion as revenue generated in March even as there are indications that the new...
Investors’ Profit Taking Runs Nigerian Stock Exchange Market Into N68 Billion Loses
The market capitalization of the Nigerian Stock Exchange (NSE) on Friday shed N68 billion as a result of profit taking embarked by investors.
The market...
MTN Set To Sell Shares To Nigerians, And Get Listed On Stock Exchange
There are indications that the telecommunications giant, the MTN Nigeria will soon change its legal status in the west African country by selling its...
Inter-Bank Forex Market Gets $210 Million Boost from Central Bank
The Central Bank of Nigeria (CBN) has again intervened with the sum of $210 million to sustain liquidity in the inter-bank foreign exchange market.
Figures...
Economy: Africa Development Bank President Vows To Make Nigeria Powerhouse
President of African Development Bank (AfBD), Dr. Akinwumi Adesina has vowed to use the bank to make Nigeria a powerhouse in African economy.
Speaking to...
Inflation May Make Nonsense Of N30,000 Minimum Wage – Senator Abu Ibrahim
Chairman of the Senate Committee on Employment, Labour and Productivity, Senator Abu Ibrahim, from Katsina South, has said that inflation and rise in prices of...
Central Bank Pumps 254.8 Million, CNY 35.8 Million Into Forex Retail SMIS
The Central Bank of Nigeria (CBN) has again intervened in the retail Secondary Market Intervention Sales (SMIS) with the sum of $254.8 million even...
Forex Market Gets $210 Million CBN Boost
The inter-bank segment of the Foreign Exchange Market has received a boost of $210 million from the Central Bank of Nigeria (CBN) following sales...
There’s No Plan To Remove Fuel Subsidy, Finance Minister says
Nigeria’s Finance Minister, Mrs. Zainab Ahmed has cleared the air on the controversy generated by the International Monitory Fund (INF) on the removal of...
