Finance Minister By-Passes FAAC, Shares N668.9 Billion To 3-Tiers Of Govt
The minister of finance, Kemi Adeosun has by-passed the Federation Accounts Allocation Committee (FAAC) by sharing the sum of N668.898 billion to the three...
Central Bank Of Nigeria, China Kick-Start Currency Swap
The Central Bank of Nigeria (CBN) and the People’s Bank of China (PBoC) have formally kick-started the Bilateral Currency Swap Agreement (BCSA) which was...
Ex Spy Policemen Have No Cause To Picket Our Offices – Mobil
Mobil Producing Nigeria, a subsidiary of ExxonMobil, has said that ex-spy policemen, who recently picketed its offices, had no cause to do so as...
Senate Approves N348.003 Billion Subsidy Debt To 74 Oil Marketers
The Senate has approved the payment of N348.003 billion to 74 Oil Marketing Companies, (OMCs), as outstanding fuel subsidies owed them by the federal government as...
Aviation Minister Announces New National Carrier In UK
The Minister of State for Aviation, Senator Hadi Sirika, has announced ‘Nigeria Air’ as the new national air carrier.
He spoke as he unveiled the...
CBN, Again, Injects Fresh $210 Million Into Inter-Bank Forex
The Central Bank of Nigeria (CBN), has again, injected the sum of $210 million into the inter-bank foreign exchange (forex) market.
The Bank offered $100...
Nigeria’s Economy Recovering From Worst Contraction In 25 Years -IMF
The International Monetary Fund (IMF) has rated Nigeria’s economy as having being recovering from what it called ‘the worst contraction in 25 years in...
Central Bank Pumps $358 Million Into Secondary Market Intervention Sales
The Central Bank of Nigeria has, again, injected the sum of $358 million into the Retail Secondary Market Intervention sales (SMIS).
The Bank’s Acting Director...
Wet Season Farming: Sokoto Gov Flags Off Sales Of 15,000 Metric Tons OF Fertiliser
The sokoto state Governor, Aminu Waziri Tambuwal has flagged off the sales of 15,000 metric tons fertilizer, loaded in 500 trucks, for the 2018...
Central Bank Offers $210 Million To Boost Forex Market
The inter-bank Foreign Exchange Market has received the sum of $210 million from the Central Bank of Nigeria (CBN), to meet customers’ requests in...
