Ships & Ports

CBN Governor, Godwin Emefiele.

CBN sells forex to BDCs

The Central Bank of Nigeria (CBN) started auctioning $250m to 3147  registered Bureau De Change nationwide on Wednesday. The President, Association of Bureau De Change...

vehicle

NAMA backs FG on vehicle importation ban

The Nigeria Automotive Manufacturers Association (NAMA) has expressed  support for the Federal Government’s ban on importation of vehicles  through the land borders....

N650bn subsidy debt affecting downstream operations - Oil marketers

Petroleum marketers: FG owes us N660bn subsidy arrears

The Depot and Petroleum Products Marketers Association (DAPPMA) on Wednesday appealed to the Federal Government to settle subsidy arrears of over N660bn allegedly owed...

CBN

Nigeria’s external reserves hit $27.2bn-CBN

Nigeria’s foreign exchange (forex) reserves have increased to $27.223 billion as at January 16, 2017, according to latest figures on the Central Bank of Nigeria’s...

OPEC seeks stable oil prices - President

Crude price drops at international market – OPEC

  The Organisation of the Petroleum Exporting Countries (OPEC) on Tuesday announced a drop in price of crude from 52.64 dollars to 52.17. The report on the...

CBN

CBN, entrepreneurial centre to train 500 women in Katsina State

The Central Bank of Nigeria (CBN), in partnership with North-west Entrepreneurship Centre, Kano, will train 500 women in Katsina State. Gov. Aminu Masari announced this...

Rail line

Abuja Light Rail 84% complete – FCT

  The Acting Secretary of  Federal Capital Territory’s Transport Secretariat, Alhaji AbdulHamid Suleiman, says Abuja Light Rail is 84.33 per cent complete....

oil-workers_1

Oil rises on weaker dollar, Saudi commitment to cut output

Oil prices rose on Tuesday supported by a falling U.S. dollar and Saudi Arabia saying it would adhere to OPEC’s commitment to cut output. Gains were capped by rising...

Car dealers groan over new import policy, call for reversal

Mixed reactions have trailed the ban on the importation of vehicles through land borders with some of the dealers calling the policy anti people while others said it...

Abuja Airport

Julius Berger: Abuja Airport can be fixed without closure, but

The Managing Director, Julius Berger, Wolfgang Goetsch, has said that the runway at the Nnamdi Azikiwe International Airport, Abuja, could be fixed without closing down...

Osinbajo expects economy to pick up after sluggish Q2

World Economic Forum: Osinbajo heads to Davos

Vice President Yemi Osinbajo is leading Nigeria’s delegation to this year’s World Economic Forum holding this week in Davos, Switzerland. In the Nigerian delegation...

13 missing in migrant boat mishap

Migrant boat disaster leaves 180 dead

Around 180 people are presumed to have died in the first major migrant boat disaster of 2017 in the Mediterranean, officials said Tuesday after interviewing a handful of...