THE dollar hit N735 in the parallel market on Wednesday as political campaign activities began in the country. According to Bureau De Change operators in Lagos and Abuja, dollar price had increased from N718 – N720 to N728-N735 in the…
THE Central Bank of Nigeria (CBN) increased the Monetary Policy Rate (MPR), which is the benchmark interest rate, to 15.5 percent from 14 percent on Tuesday. Nigeria’s central bank also raise cash reserve ratio (CRR) from 27.5 percent to 32.5…
NIGERIA’s growing public debt crisis, with the palpable fear of a possible debt default, is a huge task waiting for the next government as political parties and their presidential candidates get set to kick off campaigns for the 2023 presidential…
THE naira appreciated slightly against the dollar at the Investors and Exporters window on Friday as it exchanged at N436.33k. The rate represented a 0.04 per cent appreciation compared to the N436.50k for which the dollar was exchanged on Thursday.…
Some Nigerians have kicked against the proposed plan by the Federal Government to ban the consumption of cooked cow skin, popularly known as ponmo. Recall that the Director General of the Nigerian Institute of Leather and Science Technology, Zaria, Prof. Muhammad…
NIGERIA’s total public debt stock rose from N41.60trillion (100.07 billion dollars) in March to N42.84trillion (103.31 billion dollars) in June. The Debt Management Office (DMO), led by Patience Oniha, provided the figure in a statement on Tuesday. The total debt…
THE director general of the Budget Office of the Federation, Mr Ben Akabueze has said, there is a need for urgent and decisive measures the country must take to avert the public debt crisis among which is the removal of…
THE Managing Director of a Kaduna-based agribusiness, ECOBasic Seeds Company Limited, Brighton Karume, said the insecurity bedevilling the north-western region is hampering the organisation’s efforts in meeting its target of providing seedlings for farmers in the region. If not brought…
THE group chief executive officer of the Nigerian National Petroleum Company (NNPC) Ltd, Mele Kyari, has said that the Nigeria-Morocco Gas Pipeline Project will create wealth, and improve the standard of living of countries within the African region. Speaking yesterday…
THE Nigerian Civil Aviation Authority (NCAA) has suspended the Air Transport Licence (ATL) of Azman Air over its failure to remit N1. 2billion funds collected from air travelers on its behalf to its coffers. However, the chairman, Azman Air, Abdulmunaf…
