AfDB to invest $250m on water, sanitation in FCT

The African Development Bank (AfDB), says it plans to invest 250 million dollars in the Federal Capital Territory (FCT), to improve water supply and...

Monthly foreign exchange inflow rose to $9.84bn – CBN

Aggregate foreign exchange inflow into the economy amounted to $9.84bn in November 2019, showing an increase of 7.5 per cent above the level at...

Nigeria’s daily oil production plunges to 1.57m barrels

Nigeria’s crude oil production fell to a record low of 1.57 million barrels per day last month, the Organization of Petroleum Exporting Countries has...

JUST IN: Reps panel asks NERC to suspend electricity tariff increase

The house of representatives committee on power has asked the National Electricity Regulatory Commission (NERC) to suspend the planned increase in electricity tariff. NERC had...

AGF withdraws from $2bn tax dispute case against MTN

Mobile giant MTN said Friday that Nigeria’s attorney general had withdrawn a demand for around $2 billion in back taxes in the latest step...

Swiss National Bank expects profit of $50bn for 2019

The Swiss National Bank says it expects to post an annual profit of 49 billion Swiss francs (50.29 billion dollars). The bank made its expectations...

Global economy faces weak recovery affected by risks: World Bank

Recovery in a handful of countries will boost global growth slightly this year but the outlook is riddled with potential pitfalls that could derail...

Sun shining after economy’s difficult year: World Bank economist

The sun has come out for the global economy, as trade tensions appear to be receding. But whether that leads to a resurgence in investment...

Like Nigeria, Ghana adopts caution on ECOWAS single currency

The Ghanian government says it will proceed with caution before adopting the single currency proposed by the Economic Community of West African States (ECOWAS),...

CBN commits N69Billion to Edo oil palm sector as Obaseki woos Investors

The Central Bank of Nigeria (CBN) has invested N69bn the into Edo State Oil Palm Programme (ESOPP), an initiative of the Godwin Obaseki-led administration...

AfDB approves $5m grant to scale up Tony Elumelu Foundation

The Board of Directors of the African Development Bank has approved a grant of five million dollars to enable the Tony Elumelu Foundation Entrepreneurship...

Food gets cheaper in Lagos, Ondo but inflation hits 11.85%

Data made available by the National Bureau of Statistics has shown that the consumer price index that measures inflation increased to 11.85% in November. According...

NNPC, JVs sign Gas Supply Agreements on NLNG Trains 1, 2, 3, 7

The Nigeria National Petroleum Petroleum Corporation (NNPC) and its joint Venture (JV) partners have signed the first basic 20-year term of Gas Supply Agreements...

Refund to bank customers stand at N76.7bn, $20.9m – CBN

The Central Bank of Nigeria (CBN) says the worth of money refund to bank customers as at Nov. 30 stood at N76.75 billion and...

Access Bank introduces free banking for senior citizens

Access Bank Plc has introduced a special account designed to provide Nigerians age 60 and above with free financial and lifestyle support services. Mr Victor...

NCC Set to Re-invigorate its Consumer Affairs Management

The Nigerian Communications Commission (NCC) is set to recharge consumer management processes in line with the speed of the emergent digital culture. The Consumer Affairs...
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