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Zambia dollar bonds soar after president sacks finance minister

Zambia’s dollar-denominated government bonds jumped on Monday after the country’s president sacked Finance Minister Margaret Mwanakatwe and appointed central bank deputy governor Bwalya Ng’andu to replace her.

Forex: Central bank injects $298.71 million into retail market

The Central Bank of Nigeria (CBN) says it has made another intervention of 298.71million dollars in the retail Secondary Market Intervention Sales (SMIS).

Segun Awolowo: Nigeria’s zero oil plan targets $150 billion revenue

The Executive Director, Nigerian Export Promotion Council ( NEPC), Mr Segun Awolowo, says plans are on by the Council to raise 150 billion dollars revenue from sources outside the nation’s oil sector in the next 15 years.

Nsukka pepper: MSMEs registration surges in South-East – NAFDAC

National Agency for Food, Drug Administration and Control (NAFDAC) says `Nsukka pepper’, a popular local pepper spice, has pushed Medium, Small and Micro Enterprises (MSMEs) seasoning registration in South-East.

Insecurity: Naf reactivates C-130H, airlifts supplies to north

The Nigerian Air Force (NAF) on Monday relaunched its newly refurbished transport aircraft C-130H into its fleet and deployed same to supply weapons, others to northeast and northwest battlefields.

Nigeria to shut bank accounts of firms which import restricted goods

Nigeria’s central bank said on Friday it will close the bank accounts of firms caught smuggling into the country any goods for which access to foreign exchange has been restricted.
R-L- President Muhammadu Buhari congratulatulating Governor of the Central Bank of Nigeria (CBN) Mr. Godwin Emefiele on his reappointment as head of the apex bank, for a second tenure.

President Buhari asks central bank to blacklist firms smuggling 43 restricted items into the...

President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to blacklist any firm, its owner and top executives caught smuggling any of the 43 items ineligible for foreign exchange (forex).
Ethiopian Airlines Boeing 737 MAX

Ethiopian commits to Asmara route, despite $6 million locked in Eritrea

A number of African countries are holding up funds by airline operators as a result of foreign exchange crunch, the International Air Transport Association, IATA, has disclosed. Amongst them are Eritrea, Zimbabwe, Angola and Algeria.
Aliko Dangote

Aliko Dangote: Why Nigeria’s economy cannot grow

The President of the Dangote Group, Aliko Dangote, says the availability of consumer credit facility is an important option in fighting corruption in the country.

LCCI sets agenda for President Buhari’s second term

The Lagos Chamber of Commerce and Industry (LCCI) says the quality of the nation’s infrastructure, policies and institutions are crucial to driving economic diversification.

NPPAN: Palm oil will earn Nigeria huge forex

The National Palm Produce Association of Nigeria (NPPAN) says the country will benefit a lot from Crude Palm oil (CPO) as a leading foreign exchange earner with its price now 500 dollars per tonne against 426 dollars of crude oil.

Godwin Emefiele: Central bank will sustain unconventional policies to boost economic growth

The Governor, Central Bank of Nigeria, CBN, Mr Godwin Emefiele, yesterday said that the apex bank will sustain its use of unconventional monetary policy to boost economic growth and enhance price stability.

Second tenure: Godwin Emefiele promises economic saboteurs hell

Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, on Friday said his second tenure will consolidate on the economic growth already recorded, even as he promised economic saboteurs hell.
Zainab Ahmed

States to get N649 billion Paris Club fund

State governments will soon smile to the banks as the federal government has concluded plans to commence the final phase of the Paris Club debt refunds.

Expert urges central bank to sustain ban on 40 items to promote local production,...

An Economist, Mr Rasheed Yusuf, has urged CBN to sustain its ban on 40 items from accessing foreign exchange at the official window to promote their local production and generate more jobs.

CBN: Farming panacea to poverty, unemployment in Nigeria

The Central Bank of Nigeria has said mechanised farming is the way out of poverty and unemployment that is currently confronting the country, as it urged citizens to strive to engage in productive ventures to improve their standard of living.

Minister: NSEZCO N14.3 billion still in central bank account

The Minister of Industry, Trade and Investment, Okechukwu Enelamah, says the N14.3 billion meant for Nigeria Special Economic Zones Company (NSEZCO) is still in Central Bank of Nigeria account.

Ibukun Awosika: Nigeria can indeed earn forex through migration

Ibukun Awosika, Chairman, First Bank of Nigeria (FBN), has stated that Nigeria can indeed earn a lot of foreign exchange (FOREX) from the movement of its citizens to other countries.

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National Emergency Management Agency (NEMA), on Monday accused members of the Shiite group, Islamic Movement of Nigeria, of burning down two ambulances at the Agency’s Emergency Response and Ambulance Bays (ERABs) in Abuja.

NEMA: Shiites burnt down two quick response ambulances

National Emergency Management Agency (NEMA), on Monday accused members of the Shiite group, Islamic Movement of Nigeria, of burning down two ambulances at the Agency’s Emergency Response and Ambulance Bays (ERABs) in Abuja.
Nigerian Stock Exchange NSE

NSE indices resume with 40% loss amid profit taking

Activities on the nation’s bourse opened for the week on Monday on downward posture, with crucial market indices shedding 0.40 per cent.
Head of the Civil Service of the Federation, Mrs Winifred Oyo-Ita

Winifred Oyo-Ita: Unrealistic demands by labour unions hampering implementation of new minimum wage

The Federal Government has revealed that the new minimum wage of N30,000 is yet to be implemented in full across the board in the Federal Civil Service because of unrealistic demands of the labour unions.
Abba Kabir Yusuf

Tribunal: PDP tenders 241 exhibits against Governor Ganduje’s election

Abba Kabir-Yusuf, the Peoples Democratic Party (PDP) candidate in the March 23 Governorship election in Kano State, on Monday, tendered 241 exhibits before the state Governorship Election Petition Tribunal.
Dr Gloria Obioh, Head of Department of Environmental Biotechnology and Bio- conservation Department, National Biotechnology Development Agency (NABDA) stated this in an interview with newsmen.

Federal government set to deploy biogas for power generation

The Federal Government on Monday in Abuja affirmed its readiness to deploy biogas for electricity generation in the country.