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LCCI decry exclusion of textile from Forex

The Lagos Chamber of Commerce and Industry (LCCI) says the exclusion of all forms of textile materials from the foreign exchange market pose a threat to the N5 trillion fashion industry.

Mainstream raises Kainji, Jebba capacity to 922MW, decries N72bn energy debt

Mainstream Energy Solutions Limited (MESL) said it can now generate 922 megawatts (MW) at Kainji, Jebba hydropower plants in Niger State but that 72 billion energy invoices remains unpaid in the Nigerian Electricity Market.
Africa's richest man Aliko Dangote

Dangote increases cement export to $600 million annually, targets $4.6 billion investment in consumables

President of Dangote Industries Limited, Aliko Dangote, has disclosed plans of the company to increase cement exports to $600million.

Bureaux de Change operators back central bank’s policies

The Association of Bureaux De Change Operators of Nigeria (ABCON) has expressed its support for the Central Bank of Nigeria’s (CBN) monetary policy and intervention in critical sectors in the economy.

Central bank places all forms of textile, garments on forex restriction list

Central Bank of Nigeria (CBN) has placed access to foreign exchange for all forms of textile materials on the FOREX restriction list, the Governor, Mr Godwin Emefiele, announced in Abuja on Tuesday.

Naira appreciates against dollar at I&E window

The Naira on Thursday appreciated against the dollar at the import and export (I&E) window in Lagos, exchanging at N360.99 to the dollar from the N361.18 it traded on Wednesday.

Central bank boosts foreign exchange market with $210 million

The Central Bank of Nigeria (CBN) has injected 210 million dollars into the inter-bank Foreign Exchange Market to ensure adequate supply of foreign exchange to customers.

Central bank: Value of money market assets outstanding hits N11.89 trillion

The Central Bank of Nigeria has said that the total value of money market assets outstanding in the fourth quarter of 2018 was N11.897trillion.
President Muhammadu Buhari in Ado Ekiti on Tuesday said he had directed security agencies to keep tabs on people on corruption watch list.

President Buhari: Our economic policies are making desired impact

President Muhammadu Buhari on Saturday in Lagos said his administration’s economic policies are making the desired impact, evidenced by steady growth in the economy in the last three years.
BP

London stocks jump on weak pound, strong BP profits

London’s stock market rallied Tuesday to a new two-month peak, supercharged by a Brexit-hit pound and energy giant BP’s surging annual profits, dealers said.

Central dank disputes Business Day report of sleaze in forex market

The Central Bank of Nigeria, CBN, has refuted a front-page news story of Business Day which claims that faceless agents pocket over N32bn annually in profit from the foreign exchange market with the aid of CBN officials.
Aluminum Smelter Company of Nigeria (ALSCON)

Revived aluminum firm for re-inauguration

President Muhammadu Buhari is to re-inaugurate the Aluminum Smelting Company of Nigeria (ALSCON), Ikot Abasi, Akwa Ibom, to enable it to re-commence production.
Nigeria's Budget Minister Udoma Udo Udoma speaks during the public presentation and breakdown of 2018 Appropriation Act in Abuja, Nigeria.

Minister: Nigeria’s economy will increase its growth trajectory in 2019

The Minister of Budget and National Planning, Senator Udoma Udo Udoma is optimistic that the Nigerian economy will continue to maintain its recovery in 2019 as the real GDP growth is expected to increase from 0.8% in 2017 to 2.1% in 2018 and 3.01% in 2019, with the sustained implementation of the ERGP.
President Muhammadu Buhari says since 1978 when he was named the minister of petroleum till date, he has not lost interest in the oil sector.

Election: President Buhari storms Osun with Next Level campaign message

President Muhammadu Buhari yesterday met with Osun traditional rulers in Osogbo, the state capital, during his mega rally ahead of the February 16 election, soliciting their support for his reelection.
Hon. Oladipupo Adebutu of the People Democratic Party, PDP, has emerged the factional governorship candidate of the party for the 2019 governorship election.

Ladi Adebutu: Federal government plans to devalue Naira by April

A sitting House of Representatives, member, Hon. Oladipupo Adebutu, has alleged that the Federal Government under the leadership of President Muhammadu Buhari is planning to devalue the Nigerian currency to Foreign exchange rate in April.

Godwin Emefiele: Central bank to increase list of import restricted items

The Governor of the Central Bank of Nigeria, (CBN) Mr Godwin Emefiele on Tuesday disclosed that the bank would increase the number of items placed on import restrictions from 42 to 50.

Central bank may increase items on forex restriction list to 50

The Central Bank of Nigeria (CBN) may increase the items on the foreign exchange (forex) restriction list from 42 to 50 in order to boost local production and stimulate the export market.

Refinery: Federal government will source forex from Dangote – CBN chief

The Federal Government will soon start sourcing foreign exchange (forex) from Dangote Group, as soon as the latter’s refinery, petrochemicals and fertilizer projects come on stream.

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Supplementary poll: PDP cries foul over alleged militarisation in Sokoto

Sokoto State chapter of the People Democratic Party (PDP) has said that it will not accept anything short of free, fair and credible polls in tomorrow’s supplementary poll in the state.
Senator Ademola Nurudeen Adeleke

Osun guber: Senator Adeleke’s tribunal victory triumph of people’s will – PDP

The People’s Democratic Party ( PDP ) has hailed the verdict of the Osun State Governorship election tribunal, which upheld the victory of its candidate, Senator Ademola Adeleke, describing the judgement as a victory for democracy and triumph of the will of the people.

Bauchi elections: Group accuses INEC of causing political tension, confusion

A group, Bauchi Youth Awareness Ambassadors, has accused the Independent National Electoral Commission (INEC) of causing political confusion in the state due to the way it handled governorship election.

NANS hails tribunal declaration of Senator Adeleke as Osun governor

The National Association of Nigerian Students (NANS) has hailed the tribunal declaration of Sen. Ademola Adeleke as governor of Osun State, saying it is hope awakening.
Senator Ademola Nurudeen Adeleke

Tribunal orders INEC to issue Senator Adeleke Certificate of Return as duly elected Osun...

The Osun State Governorship Election Petition Tribunal sitting in Abuja has ordered INEC to issue Certificate of Return as duly elected governor to Senator Ademola Adeleke, candidate of the Peoples Democratic Party in the 2018 election.