News Reports

NBS

Consumers paid 31.04% more for petrol in January – NBS

The average price per litre is about 11.12 per cent higher than about N171.8 paid in December 2017

Ibe Kachikwu

Why oil may no longer hit $100 – Kachikwu

The minister says Nigeria will focus on projects that have huge net value to the Federation Account

Donald Trump

U.S. urges Nigeria to diversify economy for growth

An official says Nigeria’s over-dependence on oil could hinder economic growth

Nigerian govt to auction N100 billion bonds February 21 – DMO

The government will sell N50 billion of a bond maturing in July 2021 and another N50 billion to mature in February 2028

Godwin Emefiele

CBN wants Shell banks abolished in Nigeria

CBN says shell banks, apart from being used for money laundering, distort the banking system and might pose a problem to regulatory agencies

Akinwumi Adesina

AfDB signs $700 million development loan agreement with Japan

The loan is part of Japan’s contribution to the ADF’s Fourteenth Replenishment (ADF-14)

Nigerian Senate Chambers

Senate wants importation of palm oil, kernel banned

The lawmakers want local production strengthened.

Senate moves to rescue Kanu Heart Foundation from AMCON take-over

The Senate president mandates the chairman senate committee on banking to intervene in the issue.

Commonwealth investment council chief wants Nigeria as post-BREXIT trade ally

Britain is Nigeria’s second-largest trading partner, after South Africa.

Osinbajo lauds investors on job opportunities as Nestle Nigeria inaugurates new factory

“I urge other manufacturing firms to emulate Nestle and domicile their investment opportunities in Nigeria.”

ALSCON: BFIG writes Fayemi, threatens legal action over Rusal takeover

The contested firm was recently handed over again to Russia’s Rusal.

Why Nigeria Customs can’t stop smuggling — Official

A spokesman says the service is punishing corrupt officers.

pic-10-minister-of-finance-holds-news-conference-on-state-of-the-economy-in-abuja

Nigerians who own property in UK panic over new law

The affected persons reportedly inundate Nigeria’s finance ministry with calls

Airline operators fault minister’s claim of N516 billion indebtedness

“We have always asked them to list the debts. It is easy to call numbers.”

Naira Notes

UK export agency to accept Naira for trade payments

“This is a clear indication of how much value the UK places on its relationship with Nigeria.”

Weekend Shopping: Here’s where to buy cheap goods in Abuja

PREMIUM TIMES compares prices at Shoprite, Sahad Stores, H-Medix, Next Cash and Carry and SPAR.

N550 billion credit available to support SMEs — NEXIM

The export-import bank encourages entrepreneurs in Southeast and South south to apply.

Yemi-Osinbajo-e1472897737371

ERGP focus lab to generate $24 billion investment – Osinbajo

The vice president commissioned an expansion plant by a biscuit company.

DMO explains $2.5 billion external financing arrangement

The DMO says action will not lead to an increase in public debt.

Dana Air

90% of our pilots, co-pilots are Nigerians – Dana Air

An official said the airline had boosted its Nigerian pilots from 20 per cent.

Access Bank reacts to alleged fraudulent withdrawals from NIJ Provost’s account

Over N200,000 was withdrawn from Gbemiga Ogunleye’s account at Access Bank.

NBS

7.82 million workers register under pension scheme – NBS

About 7.71 million workers registered in the third quarter of 2017

What we’re doing to end petrol scarcity — NNPC

The NNPC speaks after weeks of silence as Nigerians continue to suffer.

Nigeria’s internet users hit 98.3 million in December –NCC

The growth was marginal over November.

Nigeria re-appoints consortium of banks to implement $2.5 billion Eurobond

Potential savings on the proposed $2.5 billion refinancing was estimated at N64 billion per annum.