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Thursday, May 23, 2019

FG to transfer ownership of gas cylinders to distributors

The Federal Government is in the process of developing a policy that will transfer the ownership of Liquefied Petroleum Gas (cooking gas) cylinders from...

Oyo Govt Donates Land for Dry Port

The Oyo State Government has officially handed over 90 hectares of land for the proposed Ibadan Inland Dry Port (IDP) project to the Federal...

Breaking News: Senate Passes 2019 Budget

The Nigerian Senate on Tuesday passed the 2019 budget presented to it by President Muhammadu Buhari in December 2018. Our correspondent at the Assembly Complex...

Oil prices rise as OPEC cuts supply

Oil prices were near 2019 highs on Tuesday, supported by supply cuts led by producer club OPEC. U.S. sanctions against oil producers Iran and Venezuela...

Nigeria records 2.38% GDP growth in Q4, boost for Buhari

The National Bureau of Statistics(NBS) in its latest report said Nigeria’s Gross Domestic Product(GDP) in the fourth quarter grew by 2.38 per cent, a...

Nigeria signs agreements with Afreximbank, NSIA, BoI to develop Special Economic Zones

Nigeria’s Federal Government today signed investment agreements with three Development Finance Institutions; Afreximbank, Bank of Industry and the Nigeria Sovereign Investment Authority (NSIA) for...

CBN defends stance on foreign exchange restriction on 42 items

The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, on Tuesday said the bank’s policy to restrict importers of some 42 items from...

CBN assures of Forex for indigenous companies

The Central Bank of Nigeria (CBN) has reteirated its readiness to facilitate access to foreign exchange by Nigerian companies that wanted to import equipment...

Nigeria’s crude oil production rises 9%

Nigeria’s crude oil daily production recorded an upward swing of about 2.09 million barrels in 2018, translating to a 9 per cent increment, compared...

TraderMoni initiative to boost petty trading – Osinbajo

The Vice President, Prof. Yemi Osinbajo, says the TraderMoni initiative under the Social Investment Programme was to uplift and boost the businesses of petty...

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CBN retains interest rate at 13.5%

The Central Bank of Nigeria (CBN) Tuesday resolved to retain the Monetary Policy Rate (MPR), otherwise known as interest rate, at 13.5 per cent. The...

States not prepared for N30,000 minimum wage – Fmr Oyo Gov Aspirant

A former aspirant for Oyo State Governorship, Dr Ismail Adebayo Adewusi, has said many states may go bankrupt when the implementation of the new...

Reps transmits bill on proceeds of crime for Buhari’s assent

The National Assembly has transmitted the Proceeds of Crime Bill to President Muhammadu Buhari for assent. It is aimed at boosting the fight against corruption. The...
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