MONEY MARKET The volume of US Dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange market shot up by 135 percent, month-on-month, to $1.98 billion in September from $843.97 million in August 2020. This is coming after a two months consecutive decline in turnover since July when turnover stood […]
Former Finance Minister of Finance, Dr. Ngozi Okonjo-Iweala, has thanked President Muhammadu Buhari and Nigerians in general, for supporting her bid for the post of Director-General (WTO) of the World Trade Organisation (WTO). Okonjo-Iweala, who advanced to the third and final stage of the selection process on Wednesday, said she could not have made it […]
The Senate has fixed October 20, 2020, for the commencement of the Petroleum Industry Bill (PIB) debate. President of the Senate, Ahmed Lawan, revealed this on Thursday via his Twitter handle. He said the decision was in line with the resolve to break the jinx on the passage of the Petroleum Industry Bill (PIB), forwarded […]
Deliberations on the Petroleum Industry Bill by the National Assembly has been shifted to the first quarter of next year , the Minister of State for Petroleum Resources , Timipre Sylva, has said . At the sidelines of the Joint Executive -Legislature Leadership Retreat at the Presidential Villa Banquet Hall in Abuja , Sylva told […]
Investments in stock market soared to new heights yesterday as more money are diverted from money market into the stocks bringing investors’ gains to over N1.07 trillion in two days of trading this week. The bears have continued to strengthen its holds on the equities market following the fallout of reduction in interest rate in […]
Zamfara government says it has started its gold reserve to reduce dependence on federal allocations. The state Commissioner for Finance, Alhaji Rabiu Garba, told journalists in Gusau on Tuesday that, although, there was a federal government ban on mining activities in the country, “the state government was able to purchase the commodity from licensed miners. […]
European Union (EU) governments will support Nigeria’s former Finance Minister, Dr. Ngozi Okonjo-Iweala and South Korean, Yoo Myung-hee, as candidates to lead the World Trade Organisation (WTO) as the race enters its final month, Bloomberg reported Monday. The news outlet said it learnt from an official familiar with the matter that EU member-country envoys agreed […]
President Muhammadu Buhari, on Monday, approved N10 billion for the continuation of Enumeration Area Demarcation (EAD) in 546 local government areas in the country. The EAD is the process of delineating the entire land area of the country into small geographical and demographic units called Enumeration Areas. The EAD is a preparatory exercise for the […]
The Nigerian Electricity Regulatory Commission (NERC) has called for the abolition of electricity tariff subsidy and has advised that money meant for the subsidy be channeled to other sectors of the economy such as health and education. In a statement by it Chairman, Sanusi Garba, NERC said in 2019 the Federal Government spent N540bn subsidising […]
The Presidency has reacted to criticisms that trailed President Muhammadu Buhari’s Independence Day speech, where he said it made no sense for petrol to be sold cheaper in Nigeria than in Saudi Arabia. Speaking at channels television’s politics today, The Senior Special Assistant to President Muhammadu Buhari on Media and Publicity, Garba Shehu, said Is […]
