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Bankers’ Committee to support federal govt’s plan on job creation

The Bankers’ Committee says it has agreed to support Federal Government’s plan to conduct a focus-lab on three selected areas of the economy to accelerate investment and boost job creation.

Nigeria’s external reserves hit $40.3 billion

Investors have injected $5.23 billion through the Investors and Exporters (I&E) foreign exchange (forex) window in four weeks while the Central Bank of Nigeria, CBN, has intervened in the forex market with $986 million since the beginning of the year.

Take time to study records of President Buhari’s achievement before criticising – Presidency tells...

The Presidency has appealed to former Speaker of the House of Representatives, Ghali Na’Abba, to take a second look at Muhammadu Buhari administration’s achievements since its inception on May 29, 2015.

Central bank boosts forex market with $210m

The Central Bank of Nigeria (CBN), Monday, ended transactions at the inter-bank foreign exchange (forex) market with the auction of $210 million.

Central bank injects $210 million into foreign exchange market

The Central Bank of Nigeria (CBN) has injected another 210 million dollars into the inter-bank Foreign Exchange Market to meet customers’ requests in various segments.

External reserves hit $40.4 billion as central bank injects $210 million into interbank market

As projected by the Governor of the Central Bank of Nigeria, Godwin Emefiele, at the Annual Bankers’ Dinner of the Chartered Institute of Bankers in Lagos last November, the nation’s External Reserves have hit a new level of $40.4 billion.

Oil marketers give conditions to sell petrol at N145

Oil marketers have said that the cost of petrol in the pricing template that is currently being reviewed will be determined by foreign exchange.

Lagos Chamber projects 3% GDP growth for 2018

The Lagos Chamber of Commerce and Industry has projected the country’s GDP growth to rise by three percent in 2018.

The dilemma of subsidy and fuel scarcity

Inexplicably however, fuel price has not only almost doubled from N87 to N145/litre, but worse still, scarcity often remains untamed while government appears impervious to the related significant loss in productivity and the social pain induced by serious supply shortages.

Presidency outlines 17 achievements in 2017

Mr. Femi Adesina, President’s Special Adviser on Media and Publicity, has unveiled 17 achievements of the administration in 2017.

DAPPMA owes N26.7 billion but gets petroleum products – NNPC

The Nigerian National Petroleum Corporation on Wednesday said the allegation by the Depot and Petroleum Products Marketers Association on the fuel supply situation was untrue.

Central bank injects $210m to boost forex liquidity

The Central Bank of Nigeria (CBN) has again intervened in the foreign exchange market as the external reserves of the country hit a three year high at $38.2 billion.

Naira appreciates by 30.3% against dollar in 10 months

The naira has appreciated by 30.3 per cent since February when the Central Bank of Nigeria began its aggressive interventions at the foreign exchange market, the News Agency of Nigeria reports.

Central bank sustains Forex liquidity, pumps in $195m

The Central Bank of Nigeria has continued its sustenance of FOREX liquidity by injecting another $195 million into the inter-bank Foreign Exchange Market, even as the Naira maintains its strength.

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Governor Fayose storms INEC over Ekiti governorship poll

The Governor of Ekiti state, Ayo Fayose, Wednesday stormed the headquarters of the Independent National Electoral Commission (INEC) for an interactive session with the Commission over the July 14 governorship election in the state.

FEC approves $6.7 billion for Ibadan-Kaduna rail project

The Federal Executive Council, FEC, has approved a memo presented by the Minister of Transportation, Rotimi Amaechi, for the construction of a rail line from Ibadan, Oyo State, to Kaduna.

Senator Saraki: Yobe school attack one too many

Senate President, Abubakar Bukola Saraki, Wednesday condemned in strong terms the attack on Government Girls Secondary School, Dapchi, in Yobe State by suspected Boko Haram insurgents.

EFCC quizzes ex-army chief Azubuike Ihejirika over arms deal scandal

Anti-graft detectives at the Economic and Financial Crimes Commission, EFCC, are questioning Azubuike Ihejirika, a former Chief of Army Staff, over his alleged involvement in the $2.1 billion arms procurement scandal, sources at the commission have said.

PDP engaging in “destructive propaganda” – APC

The All Progressives Congress (APC) has described as baseless allegations raised by the Peoples Democratic Party (PDP) on Tuesday accusing the opposition party of engaging in “destructive propaganda”.

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President Buhari most eligible for retirees’ club – PDP

President Muhammadu Buhari and not former Presidents Olusegun Obasanjo and Ibrahim Babangida is the most eligible to join the ‘club of retirees’, the Peoples Democratic Party (PDP) said yesterday.

Boko Haram: Give me Abubakar Shekau dead or alive – Genetal Buratai tells troops

The Chief of Army Staff, Lt-General Tukur Buratai, has again charged troops to capture the factional leader of the Boko Haram terrorists group, Abubakar Shekau, alive or dead.

Abdu Maikaba: Akwa United will advance despite home defeat to Banjul Hawks

Akwa United head coach Abdu Maikaba insists his side will overturn their first leg deficit against Banjul Hawks of Gambia when both teams clash in the second leg of their CAF Confederation Cup tie in Bakau on Wednesday.

Kogi youths back Toyin Akanle to replace Senator Melaye

Youths from Kogi West senatorial district on Monday drummed their support for Toyin Akanle, former director of the State Security Service (SSS), to replace Senator Dino Melaye in the upper chamber of the National Assembly.

2019: President Buhari meets 13 APC governors in Daura

President Muhammadu Buhari, has on Friday, met with 13 governors of the ruling All Progressives Congress (APC) in Daura, his country home, Katsina State.