‘Naira is likely to hit N500 against USD next week’

The Nigeria Naira is expected to undergo further depreciation and its likely to hit 500 mark to the United States Dollar at the parallel market...

AfDB approves $350m loans to Nigerian banks

The African Development Bank (AfDB) has approved $300 million and $50 million trade finance loans to First Bank of Nigeria and FSDH Merchant Bank...

Salary & Pension: Buhari disburse 522bn for states

President Muhammadu Buhari approved the disbursement o N522.74 billion to states who claimed that deductions from their federation revenue to settle external debt obligations between...

Nigeria loses N115 billion to the shutdown of Forcados terminal

With global oil prices trading above the $50 per barrel mark since November 30, the shutdown of the Forcados terminal, through which the nation’s...

Promo: Painter emerges winner of N42 million land

One Mr. Saheed Lawal, a house painter in Ijebu-Igbo, Ogun State, last week, was handed a plot of land worth N42 million in the...

First Bank dismisses involvement in alleged N11.2b fraud in NPA

First Bank of Nigeria at the weekend absolves itself of any involvement in the alleged N11.2 billion fraud at Nigerian Ports Authority (NPA). This came...

Akwa Ibom presents N365.2 billion for 2017 budget

The Akwa Ibom Government says it will spend N94.8 billion or 26 per cent of its N365.2 billion budget for 2017 on roads, works...

Lagos N813 billion 2017 budget’s been passed

The Budget 2017 presented by Governor Akinwunmi Ambode on November 29, 2016 to the Lagos State House of Assembly, yesterday was passed. The Budget proposal...

Lagos issues N47bn Bond

The Lagos State Government on Friday issued its N47bn Series 1 Bond maturing in December, 2023 under its N500bn Third Debt Issuance Programme. Governor Akinwunmi...

China invests $45 billion on projects in Nigeria

In furtherance of its economic policy, the Belt and Road Initiative, The People’s Republic of China has invested $22 billion in some projects in...

NPFPL transfers N36.5 billion to police RSAs

The NPF Pensions Limited says it has transferred N36.55bn to the Retirement Savings Accounts of 234,296 police beneficiaries. The money, according to the Managing Director...

Nigeria to earn N50bn annually from new lottery scheme – NLRC

The Federal Government is set to earn around N50bn annually from a new lottery scheme called NaijaBillionaire. Director-General, National Lottery Regulatory Commission, Mr. Adolphus Ekpe,...

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