$2.3bn Siemens Power Project Transformers, Substations Arrive Nigeria
Electricity transformers and substations meant for the $2.3bn Siemens power project have arrived in the country as the project gains traction, Minister of Power, Adebayo…
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FG May Get $1 Billion Afreximbank Loan In May
Nigeria is set to receive a $1.05bn syndicated loan backed by oil from the African Import Export Bank next month. The loan is part of…
Don’t Transact In Dollar – EFCC Warns Schools, Hotels, Others
The Economic and Financial Crimes Commission, EFCC, has warned schools, supermarkets, hotels and others against charging for services in the country in dollar or any…
LASG Threatens To Seal Supermarkets Over Non-disclosure Of Price Tags On Product
The Lagos State Government has mandated supermarkets and grocery stores throughout the state to display price tags on all products, warning that failure to comply…
Foreign Carriers Engage In Price War To Frustrate Air Peace Out Of London
In the fast-paced and ferociously competitive airline sector, price wars have become like Siamese twins that can not be separated by the actors, as a surviving…
ABCON To CBN: Reduce FX Rate So Our Members Can Bid For More Dollars
The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to reduce its applicable buying exchange rate…
Eid-El-Fitr: FG Declares Tuesday, Wednesday Public Holiday
The Federal Government has declared Tuesday and Wednesday, April 9 and 10, 2024, as public holidays to mark the Eid-el-Fitr celebration. The Minister of Interior,…
External Reserves Drop By $950m In 17 Days
Nigeria’s foreign exchange reserves have taken a significant hit, dropping by approximately $1.02bn within 18 days as the Central Bank of Nigeria steps up efforts…
We Are Sustaining Electricity Subsidy For 85% Consumers – FG
The Nigerian government, through the Ministry of Information and National Orientation, has said that the Tinubu administration is sustaining electricity subsidy for 85 per cent of…
Emefiele To Be Arraigned In Lagos Court Monday
Godwin Emefiele arriving court in JulyThe Economic and Financial Crimes Commission will Monday, April 8, 2024, arraign the embattled former Central Bank of Nigeria Governor,…