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Nigeria’s Foreign Exchange Reserve rose to $25,043,149,161 on Friday, for the first time in five months; a report from the Central Bank of Nigeria, CBN has revealed. The reserves, which show the state of the country’s financial funds in other currencies, had fallen to an 11-year-low of $24.76 billion, earlier in 2016, recording its lowest…
December 17, 2016
Norway has donated $11.5 million approximately N3.6 billion to improve basic education, support girls and women who have been victims of sexual violence by Boko Haram in conflict-affected northeast states. United Nation’s Children Fund (UNICEF) Chief of Communication, Ms Doune Porter said this in a statement on Saturday in Abuja. Porter said that the benefiting…
December 17, 2016
The Minister of State for Petroleum, Dr Ibe Kachikwu has disclosed that the agreement that Nigeria signed with International Oil Companies, IOCs on Thursday will help boost the nation’s revenue by $2 billion per annum. Kachikwu said, the net payments to the Federation Account is expected to double from about seven billion dollars to over…
December 16, 2016
The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, will on Monday, December 19, give a breakdown of the N7.30 trillion 2017 budget estimates. According to a statement issued by the minister’s Media Adviser, James Akpandem on Wednesday in Abuja, Udoma would give a breakdown of the budget proposal presented on Wednesday to…
December 15, 2016
The Federal Government may have agreed to pay the Government of Switzerland $79m (N25.2bn) as part of conditions for the repatriation of almost $400m (N128bn) recovered from the family of the late military ruler, Gen. Sani The Chairman of the Civil Society Network Against Corruption, Mr. Olanrewaju Suraj, made this disclosure during a seminar to…
December 10, 2016
The Nigerian currency (Naira) yesterday remained stable at the parallel market, exchanging at N485 to a dollar while the Pound Sterling and the Euro closed at N602 and N515, respectively. At the interbank market, the Naira also remained stable at N305.50 to a dollar. Trading at the Bureau De Change (BDC) window saw the Naira…
December 10, 2016
The Osun State House of Assembly has directed some officials of the state government and organisations to appear before it today for questioning on how the 34.5 billion Naira bailout fund given to state by the Federal Government was used. The planned probe followed the decision of the Senate to commence similar probe. There…
December 7, 2016
The European Union (EU) has pledged to give a sum of 20 million dollars to support the Federal Government in rebuilding mainly markets and warehouses in the North-East and Niger Delta regions. The EU Ambassador to Nigeria, Mr Michael Arrion, who made xthe pledge during a visit to the Minister of Finance, Mrs Kemi Adeosun…
December 7, 2016
The Tin-Can Island Command of the Nigeria Customs Service (NCS)  intercepted a 20ft container of “ready to eat foods’’ like Egusi Soup, Jollof Rice, Ogbono, Yam Porridge imported from India; the Customs Area Controller, Comptroller Bashar Yusuf has disclosed . Yusuf spoke with stakeholders at the SDV/SCOA Terminal while handing over the container of imported…
December 6, 2016
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Nigeria’s Foreign Exchange Reserve rose to $25,043,149,161 on Friday, for the first time in five months; a report from the Central Bank of Nigeria, CBN has revealed. The reserves, which show the state of the country’s financial funds in other currencies, had fallen to an 11-year-low of $24.76 billion, earlier in 2016, recording its lowest…
December 17, 2016
Norway has donated $11.5 million approximately N3.6 billion to improve basic education, support girls and women who have been victims of sexual violence by Boko Haram in conflict-affected northeast states. United Nation’s Children Fund (UNICEF) Chief of Communication, Ms Doune Porter said this in a statement on Saturday in Abuja. Porter said that the benefiting…
December 17, 2016
The Minister of State for Petroleum, Dr Ibe Kachikwu has disclosed that the agreement that Nigeria signed with International Oil Companies, IOCs on Thursday will help boost the nation’s revenue by $2 billion per annum. Kachikwu said, the net payments to the Federation Account is expected to double from about seven billion dollars to over…
December 16, 2016
The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, will on Monday, December 19, give a breakdown of the N7.30 trillion 2017 budget estimates. According to a statement issued by the minister’s Media Adviser, James Akpandem on Wednesday in Abuja, Udoma would give a breakdown of the budget proposal presented on Wednesday to…
December 15, 2016
The Federal Government may have agreed to pay the Government of Switzerland $79m (N25.2bn) as part of conditions for the repatriation of almost $400m (N128bn) recovered from the family of the late military ruler, Gen. Sani The Chairman of the Civil Society Network Against Corruption, Mr. Olanrewaju Suraj, made this disclosure during a seminar to…
December 10, 2016
The Nigerian currency (Naira) yesterday remained stable at the parallel market, exchanging at N485 to a dollar while the Pound Sterling and the Euro closed at N602 and N515, respectively. At the interbank market, the Naira also remained stable at N305.50 to a dollar. Trading at the Bureau De Change (BDC) window saw the Naira…
December 10, 2016
The Osun State House of Assembly has directed some officials of the state government and organisations to appear before it today for questioning on how the 34.5 billion Naira bailout fund given to state by the Federal Government was used. The planned probe followed the decision of the Senate to commence similar probe. There…
December 7, 2016
The European Union (EU) has pledged to give a sum of 20 million dollars to support the Federal Government in rebuilding mainly markets and warehouses in the North-East and Niger Delta regions. The EU Ambassador to Nigeria, Mr Michael Arrion, who made xthe pledge during a visit to the Minister of Finance, Mrs Kemi Adeosun…
December 7, 2016
The Tin-Can Island Command of the Nigeria Customs Service (NCS)  intercepted a 20ft container of “ready to eat foods’’ like Egusi Soup, Jollof Rice, Ogbono, Yam Porridge imported from India; the Customs Area Controller, Comptroller Bashar Yusuf has disclosed . Yusuf spoke with stakeholders at the SDV/SCOA Terminal while handing over the container of imported…
December 6, 2016
