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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Category: Economy
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…
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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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Dangote makes $1.1bn in six days
Africa’s richest man Aliko Dangote made a staggering $1.1bn in the last six days following the extraordinary rally of the Nigerian Stock Market. Available information shows that NSE has gained…
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CBN injects $190m into Forex market, opens up market
Relentless in its push to achieve convergence of rates in the interbank and Bureau de Change segments of the foreign exchange market, the Central Bank of Nigeria (CBN) on Monday,…
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