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CBN okays long term corporate bonds, as Nigeria seeks to drive real sector growth

By Ruth Olurounbi Nigeria is seeking to improve flow of credit to the real sectors by giving incentives to deposit money banks (DMBs)...

IGP Idris appointment as head police decentralization committee sparks outrage, concern

The appointment of the Inspector-General of Police, Ibrahim Idris, to head the Committee on Decentrailsation of the Nigerian Police, provoked strong reactions Friday. Speaker,...

SERAP to Ajimobi: Repair Ayefele’s Fresh FM building or face legal action

Socio-Economic Rights and Accountability Project, (SERAP) has sent an open letter to Senator Abiola Ajimobi, Governor, Oyo State requesting him to “immediately halt...

FG to establish ERGP delivery units in six ministries

By Opeoluwa Abegunde The Federal Government is set to establish delivery units in six ministries to tackle the challenges faced by investors for the...

Nigeria’s external debt service cost drops 10.2% Q2 2018

The cost of servicing Nigeria’s external debt stock including  multilateral, bilateral, commercial and Eurobond debts dropped by 10.2% to $202,373.63 in second quarter...

CBN invites bids for Chinese yuan in second auction

The Central Bank of Nigeria has asked lenders to submit bids for the Chinese yuan in its second auction of the currency after...

Ras Kimono Funeral, Public Viewing Plans Announced

The  daughter of Dub Master, Ras Kimono today announced memorial plans for the late singer, which will take place over four separate days...

How Saraki’s Plan To Exploit AGF’s Memo On Offa Robbery Backfires

By Peter Ashimole These are not the best of times for Bukola Saraki, President of the Nigerian Senate who is fighting the greatest...

Abuja Building Collapse: At least two killed, many trapped

At least two persons have died in a building collapse in Jabi, Abuja, with many still trapped in the debris, residents say. The...

Inflation in Nigeria drops to 11.14% in July

Nigeria’s inflation declined to 11.14% for the 18th time year-on-year according to data released by the National Bureau of Statistics (NBS), Wednesday. The...

Protesting civil servants ground activities at federal secretariat over poor welfare

‎Activities were on Wednesday grounded at the Federal Secretariat, Abuja,  as angry workers staged protest over poor welfare, lack of training, working materials and slash...

SERAP sues NYSC over failure to publish Kemi Adeosun’s ‘exemption certificate’

Socio-Economic Rights and Accountability Project (SERAP) has sued the Director-General, National Youth Service Corps (NYSC) Brigadier-General Sule Kazaure and the NYSC over “failure...

Happening Now: NNPC GMD in Dubai directs 618km pipeline project team to expedite Agreement process

The Nigerian National Petroleum Corporation (NNPC)  GMD  Dr. Maikanti Baru has directed the 618km AKK Pipeline Project Team, Bank of China  and SINASURE ...

Nigeria’s forex market again gets $210m boost from CBN

By Ruth Olurounbi   The Central Bank of Nigeria (CBN), on Tuesday injected another round of  $210 million into the foreign exchange market,...

NNPC Plans Major New 100,000 bpd Refinery In Port Harcourt, Warri

Nigeria’s oil refining capacity is set to soar with the country’s  state oil firm announcing that two new oil refineries are being planned....

2019: It will be Buhari/Osinbajo joint-ticket -Presidency

The Presidency has confirmed that it will again be a joint-ticket in 2019 presidential election,  as Vice-President Yemi Osinbajo would be President Muhammadu...