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Minimum Wage: Why Buhari constituted technical committee - Udoma

Nigeria, Jan. 14 -- The Minister of Budget and National Planning, Udoma Udoma, has said the technical committee constituted by the federal government is not to review the work of the previously consti... Read More


Nigeria targets 80% adult financial inclusion by 2020

Nigeria, Jan. 14 -- The Federal Government targets achievement of 80 per cent financial inclusion of its adult population by 2020, a revised National Financial Inclusion Strategy released on Wednesday... Read More


2019: EU deploys election observer mission to Nigeria

Nigeria, Jan. 12 -- The European Commission on Friday announced the deployment of high-powered elections observer mission to Nigeria to monitor the 2019 general elections. The High Representative of ... Read More


FAAC considers new guidelines for excess crude account savings, withdrawals

Nigeria, Jan. 8 -- The Federation Accounts Allocation Committee (FAAC) is considering fresh guidelines for revenue inflows and withdrawals from the excess crude oil revenue account (ECA). Under the g... Read More


AfDB approves $14.12 million to support Nigeria's membership in trade agency

Nigeria, Jan. 8 -- The African Development Bank Group (AfDB)on Tuesday gave approval for a $14.12 million financing to support Nigeria's membership in the African Trade Insurance Agency (ATI). The ba... Read More


Notore Chemical announces exit of three directors, amid 123% loss for 2018

Nigeria, Jan. 3 -- Notore Chemical Industries Plc on Monday announced the exit of three members of its Board of Directors, just as the company reported a 123 percent loss in its financial position for... Read More


Key Nigeria deepwater field 'achieves first oil', adds 200,000 barrels to country's daily output

Nigeria, Jan. 1 -- Nigeria's deepwater oil field, Egina, achieved first oil production late on Saturday, raising the country's daily oil production above 2.09 million barrels in December 2018, the Nig... Read More


CBN boosts FOREX market with $210m

Nigeria, Dec. 27 -- The Central Bank of Nigeria (CBN) on Thursday intervened in the inter-bank sector of the foreign exchange market with a $210 million boost to the wholesale and other segments of th... Read More


Fuel Subsidy: How NNPC incurred over N623bn cost in 2018

Nigeria, Dec. 26 -- The Nigerian government incurred N623.17 billion on petroleum products supply under-recovery cost between January and November this year, a summary of the monthly estimates of the ... Read More


$8.1bn Repatriation: Controversy trails CBN's 'amicable resolution' with MTN

Nigeria, Dec. 25 -- The Central Bank of Nigeria (CBN) on Monday announced it has reached an "amicable resolution" with MTN Communications Limited (MTN) over the alleged irregular repatriation of profi... Read More