Naira hits 400 to a dollar as banks sell forex to BDCs
The naira went down further to the dollar as it plunged to 400 against the dollar at the parallel market on Thursday. This is even...
Business
Tomato price crashes further from N25,000 to N800 per basket
Reports say a small basket of tomato, which sold for N25,000 in May this year, is now going for N800 in Kaduna. Before this time,...
Revealed: How Buhari’s govt got N2.2 trillion in one year
The Federal Government under President Muhammadu Buhari got a total amounts of N2,203,573,573,563.25 (Two trillion, two hundred and three billion, five hundred and seventy-three million,...
Dangote Cement records N292bn revenue in second quarter
Despite the economic down turn in Nigeria Africa’s leading cement producer, Dangote Cement Plc has reported revenue of N292 billion in the second quarter ended...
Oil wells: S’South, S’East lawmakers demand 65 percent
Lawmakers from the South-South and South East have urged the Federal Government to review the ownership structure of oil wells in the country as a...
CBN orders banks to open accounts without deposits
Bank customers can now open accounts without deposits according a directive by the Central Bank of Nigeria, CBN. The directive was contained in the Monetary,...
I lost N50 billion as a result of Buhari’s economic policy– Dangote
Dangote group has said it lost fifty billion naira this year as a result of the current government’s economic policy. Recall that in May this...
CBN: flexibility policy not beneficial to Nigeria’s economy – Buhari
By: Our Correspondent President Muhammadu Buhari has berated the Central Bank of Nigeria (CBN) over its introduction of the flexibility policy stressing that its of...
Five states meet FG’s condition for N90b bond
The Federal Government on Thursday revealed that five states had met the 22 stringent conditions it stipulated for the 36 states of the federation seeking to...
Minister gives condition for accessing N90b bond
The Federal Government has announced that it is offering State Government’s a N90 billion loan, which it hopes will assist states in meeting its monthly...