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Naira’s depreciation part of forex market fluctuations – BDCs chief

The President, Association of Bureaux De Change Operators of Nigeria, Mr. Aminu Gwadabe, has said Naira’s marginal depreciation by 0.55 per cent to close at N365on Friday was part of foreign exchange market fluctuations.

Central bank calms anxiety in treasury bills market

The Central Bank of Nigeria (CBN) has assured investors that it will continue to carry out its liquidity management mandate through the issuance of Open Market Operations (OMO) bills in order to ensure price stability.

Banking industry fraud drops by 38 percent in two years

The Central Bank of Nigeria (CBN) at the weekend disclosed that despite the increase in the value and volume of electronic payment transactions this year, there have been decline in fraud cases.

Access Bank secures $250m facility to finance MSMEs

Access Bank Plc disclosed at the weekend that it has so far secured at least $250 million from multilateral agencies for financing as low interest funds to the Micro, Small and Medium Enterprises (MSMEs) sub-sector of the Nigerian economy.

Changing the sad story of solid minerals

The gold deposit in Osun state alone is worth about $5 billion in today’s price, according to Professor Olugbenga Akindeji Okunlola, a prominent geologist. That is about N1.5 trillion.

Federal govt releases balance of Paris Club refund to 27 states

The federal government has made good its promise to release the balance of the Paris Club refund to states, as 27 states of the federation have so far benefitted from the latest refunds.

FAAC meeting adjourned over NNPC’s failure to provide component statement

The meeting of the Federation Account Allocation Committee scheduled for Friday was put off till Saturday because stakeholders had not received the component statement from the Nigerian National Petroleum Corporation.

Paris Club refund crisis stalls payment of salaries

Distressed states may not be able to pay their workers from the Paris Club refund before Christmas as originally planned as the refund had been stalled by a Consultant over unpaid fees.

NNPC denies report linking Abba Kyari to N50bn TSA saga

The Nigeria National Petroleum Corporation (NNPC) has disclaimed reports credited to its Group Managing Director, Mr Maikanti Baru, linking Abba Kyari to N50 billion kept away from Treasury Single Account (TSA).

Federal govt to issue bonds to finance projects

Ms. Patience Oniha, the Director-General, Debt Management Office (DMO), says the Federal Government is planning to issue N10.6 billion green bonds to finance renewable energy projects to protect the environment.

House of Reps give Intels 24 hours to pay dues owed federal govt

The house of representatives ad hoc committee on the treasury single account (TSA) has ordered the management of Intels to remit the funds accrued from its pilotage service contract with the federal government within 24 hours.

Company signs MoU with Edo govt, NIRSAL to buy cassava from 350 farmers

Mr Tunji Owoeye, Managing Director, the Elephant Group, says the company will soon buy cassava from 350 farmers in Edo North Senatorial District of Edo and process it into flour.

Minister Kayode Fayemi rejects Ekiti probe panel report, set to appeal

A former governor of Ekiti State, Kayode Fayemi, has rejected the verdict of a High Court in Ekiti, which affirmed the legality of the Ekiti State Judicial Commission of Inquiry probing his tenure.

House of Reps gives Intels 24 hours to declare public funds in its possession

The House of Representatives Ad hoc Committee on Treasury Single Account (TSA) yesterday gave Intels Nigeria Limited 24 hours to declare the amount of public funds currently in its possession as well as transfer same to the TSA without further delay.

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Lack of education, proper orientation, cause of Nigeria’s crises – Sultan Abubakar

The Sultan of Sokoto, Alhaji Sa’ad Abubakar III, on Monday, said lack of education and proper orientation were key factors responsible for the myriad of crises current plaguing Nigeria.

CHAN: Super Eagles intensify build-up in Abuja

The Super Eagles B have moved camp to the Federal Capital Territory, Abuja for the next phase of preparations for the 2018 African Nations Championship taking place in Morocco from 13th January 2018.

No civilian killed in Boko Haram attack on WFP’s convoy – Nigerian Army

The Nigerian Army on Monday denied the killings of civilians in an attack coordinated by the Boko Haram insurgents against the World Food Programme (WFP’s) trucks on Saturday.

Suspected robbers abduct Ebonyi NLC chairman’s wife

Armed persons on Sunday attacked the residence of the chairman of the Nigeria Labour Congress, Ebonyi State chapter, Leonard Nkah.

Gabon arrests dozens after Danes are attacked

Police in Gabon arrested dozens of people Sunday over a knife attack that wounded two Danish nationals working for National Geographic, apparently in retribution for "US attacks against Muslims," officials said.

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Ahmed Bello appointed new Nasarawa police commissioner

The Inspector–General of Police (IGP), Ibrahim Idris Kpotum, has approved the appointment of Mr. Ahmed Bello as new Commissioner of Police in Nasarawa State.

NSCDC inaugurates task force on fuel distribution

The Nigeria Security and Civil Defence Corps (NSCDC), Kano State Command, on Thursday, inaugurated a Task Force Committee to monitor distribution and sales of fuel in the state.

WWCQ: Flamingoes draw Ethiopia, to face Cameroon

The Flamingoes on Saturday ended their return leg match against Ethiopia in the African qualifiers for the 2018 FIFA U17 Women’s World Cup in a goalless draw.

Federal govt releases N3bn for East-West Road

The Federal Government said it had released N3bn to the contractors handling the East-West Road dualisation project in Niger Delta to enable them return to the project sites and continue with their job.

Opposition jittery over Kogi West rally – Kingsley Fanwo

A member of the Organizing Committee of the Kogi West Solidarity Rally, Mr Kingsley Fanwo, has told journalists in Lokoja that those opposed to President Muhammadu Buhari and Governor Yahaya Bello are already crying foul over plans by Kogi West APC Stakeholders to organize a solidarity rally in support of the President and the Governor.