CBN To Resume FOREX Sales To BDC’s On Monday

  The Central Bank of Nigeria has said that it will resume sales of foreign exchange to operators of Bureau de Change (BDCs) from Monday, September 7, 2020. According to a statement from the apex bank on Wednesday, the decision to inject liquidity into the FOREX market is crucial to boosting the naira against the … Continue reading CBN To Resume FOREX Sales To BDC’s On Monday

Read More

China Is Nigeria’s Highest Import Partner, Total Trade At N6.2bn In Q2 – NBS

  The demand for goods and services from China is still on the high as the Asian country tops the list of import trading partners by 31.41% in the second quarter of 2020, the latest data from Nigeria’s statistics agency shows. This is despite the sharp fall in the value of the country’s total trade … Continue reading China Is Nigeria’s Highest Import Partner, Total Trade At N6.2bn In Q2 – NBS

Read More

Tension In Niger Community As Suspected Bandits Attack Bank

  Gunmen suspected to be bandits have attacked the First Bank branch in Kagara, a community in Rafi Local Government Area of Niger State. Eyewitnesses said scores of armed men riding on motorcycles stormed the area at about 6pm on Wednesday and started shooting into the air before heading for the bank. They added that … Continue reading Tension In Niger Community As Suspected Bandits Attack Bank

Read More

PHOTOS: Residents Rendered Homeless As FCTA Demolishes Structures In Utako

  It an unpleasant Wednesday morning for residents of Utako village in Abuja as officials from the Federal Capital Territory Administration (FCTA) stormed the settlement with bulldozers and armed officers of the Nigeria Security and Civil Defence Corps. The residents who knew what the business of the officials was, were seen making last-minute moves to … Continue reading PHOTOS: Residents Rendered Homeless As FCTA Demolishes Structures In Utako

Read More

Kano Multi-Billion Naira Economic City Is Near Completion, Says Ganduje

  Kano State Governor, Abdullahi Ganduje, has said that the multi-billion naira economic city under construction has reached over 70%, as his administration hopes to boost commercial activities in the country. Speaking to State House correspondent on Wednesday, Governor Ganduje noted that the project has state-of-the-art features that would boost productivity and service delivery. The … Continue reading Kano Multi-Billion Naira Economic City Is Near Completion, Says Ganduje

Read More

Reps Caucus Demands Halt In Fuel Price Increase

  The Minority Caucus in the House of Representatives has rejected the reported increase in the pump price of fuel from N148 to N151.56. Minority Leader of the House, Ndidu Elumelu, made the position of the lawmakers known in a statement on Wednesday. He described the announced price as unacceptable, saying it would result in … Continue reading Reps Caucus Demands Halt In Fuel Price Increase

Read More

PDP Rejects Increase In Fuel Price, Electricity Tariff

  The Peoples Democratic Party (PDP) has rejected the reported increase in the price of petrol to N151 per litre and electricity tariff to N66 per kwh. In a statement on Wednesday by its National Publicity Secretary, Kola Ologbondiyan, the party described the increase as callous and cruel, alleging that the All Progressives Congress (APC) … Continue reading PDP Rejects Increase In Fuel Price, Electricity Tariff

Read More

Security: We Will Continue To Monitor Terrorists’ Activities Online, Says Buhari

  The Federal Government will continue to monitor the activities of terrorists online to control radicalisation of Nigerians by terrorist groups and other violent cells, the President has said. President Muhammadu Buhari explained that this was important following the huge traffic online and growing constraints on physical contacts and movements due to the coronavirus (COVID-19) … Continue reading Security: We Will Continue To Monitor Terrorists’ Activities Online, Says Buhari

Read More

Nigeria To Become Major Exporter Of Petroleum Products In Two Years, Says DPR

  The Department of Petroleum Resources (DPR), has said that with the five refinery plants under construction across the country and seven others, Nigeria will be a net exporter of petroleum products in the next two years. The Director and Chief Executive Officer of DPR, Sarki Auwalu disclosed this in a statement on Wednesday. Mr … Continue reading Nigeria To Become Major Exporter Of Petroleum Products In Two Years, Says DPR

Read More

Pompeo Calls For Reduction In Tensions In Eastern Mediterranean

  US Secretary of State Mike Pompeo called Wednesday for Turkey and Greece to reduce tensions over disputed maritime rights and gas resources in the eastern Mediterranean. “President Trump has been in conversations with President Erdogan, he’s spoken to the prime minister in Greece,” Pompeo said. “We’re urging everyone to stand down to reduce tensions … Continue reading Pompeo Calls For Reduction In Tensions In Eastern Mediterranean

Read More