Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, will formally assume office for a second term of five years today. In line with tradition, Emefiele is expected to take the oath of office to be administered on him today by the Director, Corporate Services Department, CBN. THISDAY also gathered that excited CBN staff will […]Read More
A total of N470.8bn has been released by the Federal Government in the last three years for the implementation of its social safety programme. The Federal Government had in 2015 designed the programme to improve the lives of all Nigerians irrespective of religion, political affiliation and social class. The administration of President Muhammadu Buhari had […]Read More
The Federal Government recently stated that Liquefied Petroleum Gas (LPG) consumers won’t be allowed to own gas cylinders anymore as cylinders will become the property of the gas companies. In a policy made on Tuesday at the stakeholders’ forum on LPG penetration in Abuja, the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said […]Read More
…Commissions New Digitized Treasury Office Storage Facility In Alausa, Roads In Lekki Lagos State Governor, Mr Akinwunmi Ambode on Friday commissioned the new digitized central storage facility of the State Treasury Office (STO), saying it was gratifying to note that the financial outlook of the State is very positive. The Governor also commissioned dualised Bisola […]Read More
The Federal Government is offering fresh N100bn bonds for subscription through an auction scheduled for next week. The Debt Management Office, in a circular on Tuesday, said it was authorised by the Federal Government to receive applications for the N100bn bonds. According to the DMO, the bonds consist of a N35bn five-year bond, which was […]Read More
Nigeria’s deepwater operations have generated revenue exceeding $180 billion following industry players’ capital investment in excess of $65bn with the potentials for growth amidst untapped abundant opportunities in the sector. The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, made this disclosure while delivering a paper at the panel session […]Read More
The Nigerian National Petroleum Corporation (NNPC) is to open a liquefied petroleum gas (LPG) storage and dispensing facility in Benin City, Edo State. The facility, developed in partnership with its upstream exploration and production subsidiary, the Nigerian Petroleum Development Company Limited (NPDC), is part of efforts to fast track the consumption LPG, popularly called cooking […]Read More
The Nigeria Deposit Insurance Corporation (NDIC) said it is ready to provide N440 billion as financial assistance to eligible banks in the 2019 fiscal year. NDIC The Corporation also said it has set aside N258.767 billion in the 2019 fiscal year for the reimbursement of depositors in the unlikely event of closure of licensed banks. […]Read More
The Naira, yesterday, depreciated to N359 per dollar in the parallel market. Naira According to naijabdcs.com, the live exchange rate platform of the Association of Bureaux De Change Operators (ABCON), the parallel market exchange rose to N359 per dollar from N358.7 on Tuesday, translating to 30 kobo depreciation of the Naira. However, the Naira appreciated […]Read More
For the third consecutive month, Nigeria failed to comply with the new quota given by the Organisation of Petroleum Exporting Countries as it produced far in excess of its cap. OPEC and 10 non-OPEC countries agreed in December to cut oil production by 1.2 million barrels per day effective from January for an initial period […]Read More
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