The naira hit another record low of 241 against the dollar at the parallel market on Monday as the Central Bank of Nigeria’s restrictions on foreign...
Mr Yakubu Dogara, Speaker of the House of Representatives, says any call for removal of petroleum subsidy can only be done through amendment of Price Control...
There are indications that the Federal Government is now spending about N4.5 billion to subsidize premium motor spirit (PMS), otherwise called petrol and House Hold Kerosene...
Nigeria’s currency, the Naira hit fresh lows against the dollar on the parallel market on Friday, after a government liquidity injection to help cash-strapped states offset...
After days of insisting that there would be no bailout for states and local government councils in the country, President Muhammadu Buhari, may have finally yielded...
The rehabilitation work underway at the Port Harcourt refinery has reached 90 per cent, giving indications that the refinery may soon open for production. The update...
The Central Bank of Nigeria, CBN, has disclosed that its decision not to further devalue the naira was borne out of the need to safeguard the Nigerian economy from...
Media men had a piece of Aliko Dangote last weekend. And when they were done many appreciated why he is one of the richest in the...
The Department of Petroleum Resources (DPR) has said that fuel queues in Abuja will soon disappear as 3.2 million litres of petrol have been released to...
Fuel scarcity, Tuesday resurfaced in Abuja, with long queues at almost all the petrol stations, as motorists faced slight difficulties in buying the commodity. This was...
The naira fell to 226.5 on Monday against the United States dollar at the parallel market. The development mean the local currency has lost about 2.8...
The Calabar Garment Factory will generate over 1000 jobs when completed in August, Cross River governor, Ben Ayade has said. Ayade said this today, (Sunday, June...