Ebun Francis About 30% of Nigeria’s forex spending is for the importation of premium motor spirit(fuel) according Mrs Kemi Adeosun, the minister of finance. The minister disclosed this in Lagos at…
Read More 30% of forex spent on fuel import – Adeosun
Muhammad Sanusi II, emir of Kano and former governor of the Central Bank of Nigeria (CBN), says the naira, at 300 to a dollar, needs no fresh devaluation, he told…
Read More Sanusi: At N300/dollar, no need for fresh devaluation
MTN Nigeria has explained that it was impossible to follow the provisions of the law on the issuance of Certificates of Capital Importation (CCI) before it repatriated $13.9 billion out…
Read More It was impossible to follow the law in the remittance $13.9bn – MTN
Ebun Francis ExxonMobil, the world’s largest oil company by market value, has announced that it has divested its 60 percent stake in Mobil Oil Nigeria (MON), effectively quitting the downstream…
Read More ExxonMobil divests from Nigeria’s down stream sector
The Nigerian Communications Commission (NCC) has said that the International Termination Rate (ITR) has been reviewed to N24.40 per minute. The telecommunications regulator said in a statement on Saturday in…
Read More NCC increases international call rate