Naira was accepted abroad for trading in the 70s, says Ex-CBN...

The former Deputy Governor of Central Bank Of Nigeria, Dr Obadiah Mailafia, has appealed to the Federal Government to take measures that will make...

FG, states, LGs shared ₦1.41 trillion in first quater: report

Nigeria Federal Government, the 36 states of the federation and the 774 local government areas have so far shared ₦1.4tn from the Federation Account,...

Western Union activates live digital service in 40 countries

Global funds transfer company, Western Union Company (NYSE: WU), has announced that it has further strengthened its global digital money transfer footprint, with the...

Kebbi varsity secures Gates’ research grant

The Bill and Melinda Gates Foundation has funded a one million dollars research projects at the Kebbi State University of Science and Technology, Aliero.The...

Lagos disburses ₦11.75 billion to retirees

Lagos State government disbursed ₦11.75 billion to retirees last year.Commissioner for Establishment, Training and Pensions Dr. Akintola Benson Oke said yesterday the amount was...

Naira at ₦386/USD despite CBN’s $457m injection

The naira closed flat at ₦386 against the United States dollar on the parallel market on Monday, the same rate it closed on Friday.This...

TETFund finances varsities, polytechnics with ₦1 trillion in 5 years

Tertiary Education Trust Fund, TETFund, has released about N1 trillion intervention fund to public universities, polytechnics and colleges of education for project development and...

MTN signs $5 million deal with Cameroon’s football league

MTN, South Africa’s mobile telecom giant, has agreed on a three-year $5 million sponsorship deal with the Cameroon Professional Football League (LFPC).According to the...

Ikeja LGA to lose ₦60m annually to Computer Village migration

By the time the fresh push by the Lagos State government to relocate Ikeja Computer Village to Katangowa in Agbado/Oke Odo Local Government of...

BoI seeks ₦1 trillion to finance ‘economic recovery plan’

The Bank of Industry is seeking to raise about ₦1tn from local and international sources to finance the industrial component of the Economic Recovery...

NEC injects $250 million into Sovereign Wealth Fund

The National Economic Council, NEC, yesterday, approved the injection of a fresh $250 million into the Sovereign Wealth Fund sourced from the Excess Crude Account...

Capital releases for 2016 exceeded ₦1.2 trillion – Finance Minister

Minister of Finance, Mrs. Kemi Adeosun, has disclosed that capital releases for last year exceeded ₦1.2 trillion. The Minister, on friday said the disbursements...

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