In continuation of its effort to sustain foreign exchange (forex) liquidity in the country, the Central Bank of Nigeria (CBN) on Tuesday intervened in the interbank forex market to the tune of $195 million.
The Nigerian Stock Exchange (NSE) All-Share Index shed 0.38 per cent to close lower at 35,306.09 as the trading at the stock market resumed for the week on negative note.
In continuation of the supremacy battle between the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, and the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, the minister has written to President Muhammadu Buhari, accusing the NNPC boss of flagrant violation of due process in the award of contracts and acts of insubordination.
The Debt Management Office (DMO) has dissociated itself from a recent newspaper report that 23 states of the federation overshot their borrowing threshold as permitted by law.
The Federal Government on Tuesday said its Ministries, Departments and Agencies had been asked to roll over between 50 and 60 per cent of their capital projects to the next fiscal year.
The Senate has asked the Federal Ministry of Power, Works and Housing to remove speed bumps on federal highways and enforce compliance with speed limits.
The South-South geopolitical zone has recorded the highest number of people who took part in the Continuous Voter Registration between the months of April and September 2017.
The World Bank has projected that up to $22 billion will flow into Nigeria in 2017 through Diaspora remittances, noting that global remittance flow is set to recover this year after two consecutive years of decline.
Stakeholders in the pension industry have taken up arms against the House of Representatives over ongoing attempts at amending the Pension Reform Act, PRA, less than three years after it was amended in 2014.
Oando Plc said it is set to expand the country’s gas capacity, through its partnership with Rivers State government on completion and expansion of the 8.5 km natural gas distribution network in Port Harcourt Franchise Area.
Vice President Yemi Osinbajo launched the second National Action Plan on Ease of Doing Business as part of the administration’s medium term Economic Growth and Recovery Plan (EGRP) to build a globally competitive economy.
Senators are not pleased that the Federal Government plans to release only an “insignificant” fraction of the N2.177 trillion capital vote in this year’s budget.
Oil held on to losses after an industry report was said to show a rise in gasoline supplies.