Nigeria auctions Chinese currency in first yuan sale -traders
The Central Bank of Nigeria sold yuan at a range of 49-51 naira at its first auction of the Chinese currency last week, traders said on Monday. The auction, which…
Pension fund assets rise to N8.14tr — PenCom
The National Pension Commission (PenCom) said that the total pension fund assets stood at N8.14 trillion as at May, 2018. PenCom in a statement signed by its spokesman, Mr Peter…
FG, states, LGs share N821.9bn in June; Buhari demands more transparency from NNPC
President Muhammadu Buhari has ordered for the review of the revenue reporting template between the NNPC and the Federation Account Allocation Committee (FAAC). The Minister of Finance, Mrs Kemi Adeosun…
Stock market stays bullish as capitalisation gains N76bn
The Nigerian Stock Exchange (NSE) closed on an upbeat note on Friday with key indicators appreciating by 0.58 per cent, while volume of transaction rose by 81.85 per cent. The…
Broadband access critical for national development – NCC
Prof. Umar Danbatta, Executive Vice Chairman of Nigeria Communication Commission ( NCC), says broadband access is critical for national development and should be treated as a key economic indicator. Danbatta…
FG, Google to deepen innovations – Osinbajo, N10bn tech fund coming
Vice President Yemi Osinbajo has announced plans by the Federal Government to expand the broadband coverage of the country through the licensing of private broadband providers soon. He said this…
Dangote refinery, largest in the world, to cost $14bn
Africa’s richest man, Aliko Dangote, has arranged more than $4.5 billion in debt financing for his Nigerian oil refinery project and aims to start production in early 2020, he told…
16,287 telecom subscribers ported in June – NCC
A total of 16,287 mobile telecommunications subscribers moved to other network providers in June, the Nigerian Communications Commission (NCC) has said. The subscribers changed their service providers under the Mobile…
Oil prices slump to one month low amid trade row
Oil traded near the lowest level in a month as concerns that economic turmoil could slow global demand outweighed expectations for a seasonal decline in U.S. crude stockpiles. Prices in…
NNPC to acquire 20% stake in fertilizer firm
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, said Nigeria would soon acquire a 20 per cent stake in the Nagarjuna Fertiliser Project. Baru…