The Central Bank of Nigeria (CBN) has intervened in the Interbank Foreign Exchange market to the tune of $413.5 million, further underscoring its resolve to guarantee liquidity in the market…
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Category: Economy
( UPDATED) Osinbajo signs 2017 Budget
Prof Yemi Osinbajo, Nigeria’s Acting President on Monday 12th June, signed the 2017 budget into law. The signing was witnessed by Dr. Bukola Saraki, Senate President; Yakubu Dogara, Speaker of…
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FG releases details of Paris Club refunds to states
Press release The federal government has finally released a breakdown of the first tranche of Paris Club refunds paid to states to date. The payments, totaling N516.38 billion, were made…
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We did not concession any refinery to Oando and Agip- Kachikwu
The minister of state for Petroleum, Dr. Ibe Kachikwu on Thursday said that Nigeria needs about $1.2bn to repair the three refineries owned by the Nigeria National Petroleum Corporation, NNPC and…
Read More We did not concession any refinery to Oando and Agip- Kachikwu
Osinbajo seeks Senate approval for $1.5bn loan
Prof Yemi Osinbajo, Nigeria’s Acting President has asked the Senate to approve a loan of $1.5bn which is part of the 2016-2018 borrowing plan of the federal government for capital projects.…
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