Business
‘Nigeria Has $5.83bn Undisbursed Foreign Loans’ – DMO Says
Nigeria has over $5.83bn undisbursed foreign loans that have been approved, the Debt Management Office has said. The DMO on...
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Nigerian Banks Open Dollar Accounts To Boost Foreign Remittances
Banks have begun opening dollar accounts for beneficiaries of remittances without one, in a bid to boost international payments and...
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FG Moves To Begin First Phase of 250,000MW Electricity Generation Deal With Siemens
The Federal Government has sealed a contract with German firm, Siemens, for the pre-engineering phase of the Presidential Power Initiative...
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Brent Prices Climbs To $64 Per Barrel As Extreme US Weather Limits Supply
Brent oil price rose further again, yesterday, due to limited supplies in the southern United States (U.S.) state of Texas...
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CBN Asks Banks to Open Dollar Accounts for Foreign Remittances
... To Place $2000 Withdrawal Limit The Central Bank of Nigeria (CBN) has directed commercial banks in the country to...
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FG To Borrow $1.2bn From Brazil, Germany to Fund Mechanised Agriculture
The Federal Government is set to borrow $1.2bn from the Dutch Bank and the Development Bank of Brazil to facilitate...
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Petrol Subsidy Nears N11.2bn Weekly as Oil Prices Climb Above $63
The subsidy on petrol may have amassed at least N11.20 billion, in one week, as the rise in global oil...
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Naira Gains Subtly, Exchanges At 473/$
The Naira, on Monday, exchanged at 473/$ at the parallel market, after trading at 477 the prior week. At the...
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Nigeria’s Inflation Rises to 16.47%, Highest Since 2017 Q1
Nigeria’s headline inflation rose to 16.47 per cent in January 2021, the National Bureau of Statistics has announced. This is...
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Covid-19: Nigerian Cargo Handlers Record Higher Revenues Despite Aviation Losses
While the Coronavirus pandemic triggered losses for commercial airlines from their passenger businesses, Nigerian cargo handling companies were able to...
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