CBN adopts flexible exchange rate, retains MRR at 12 per cent
The Monetary Policy Committee of the Central Bank of Nigeria has directed the management of the apex bank to adopt a flexible exchange rate policy in the inter-bank forex management…
Senate Wants FG to Recover N447bn Illegal Waivers from Dangote, Stallion Group, Others
The Senate has given legislative backing to the Federal Government to recover over N447 billion revenues lost to illegal concessioning and waivers granted between 2011 and 2015. The Senate while…
Court sacks Sheriff, others, recognizes Markarfi as National Chair of party
Peace is on the way for factionalised opposition PDP as a Federal High Court sitting in Port Harcourt, Rivers State, has granted an interim injunction restraining the immediate past national…
Forecast Puts Africa Economic Growth Ahead of Europe, Others
With two-thirds of Africans expected to live in cities by 2050, how Africa urbanises will be critical to the continent’s future growth and development, according to the African Economic Outlook…
ECOWAS, AfDB Ink Deal on Power, Grant Targets Nigeria-Benin Project
The West Africa Power Pool, a Specialized Institution of the Economic Community of West African States (ECOWAS), and the African Development Bank signed a grant agreement on Monday, May 23,…
Seven coordinated suicide bombs leaves 148 dead
Almost 150 people have been killed in seven near-simultaneous explosions claimed by Islamic State in northwestern Syria, Monday. The blasts targeted bus stations, hospitals and other civilian sites in two…
Court Gives EFCC Power to Detain Fani-Kayode for Another 21 Days
A Lagos State Chief Magistrate, Mrs. Bola Osunsanmi, has granted the application of the Economic and Financial Crimes Commission (EFCC) to continue to keep in its custody a former Minister…
Buhari scores Ambode high on good governance
President Muhammadu Buhari, Monday, commissioned series of projects in Lagos State, just as he commended the achievements of the Governor Akinwunmi Ambode administration in one year. Buhari who was represented…
Another $3.8bn Scam uncovered at NNPC
Latest audit report by the Nigeria Extractive Industries and Transparency Initiative has accused the Nigerian National Petroleum Corporation of not remitting $3.8bn and N358.3bn to the Federation in 2013. The…
Buhari to spend N3.9bn on Aso Rock maintenance this year
President Muhammadu Buhari will spend N3.914bn on the maintenance of the Presidential Villa, Abuja this year. This is apart from another N282.962m he has already set aside for the General…