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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.
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.
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 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.
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.
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 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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Disgraced former England international Adam Johnson is believed to have been released from prison after serving three years for child sex offences.
No fewer than 58 people have been killed in flash floods in the eastern Indonesian province of Papua.
President Muhammadu Buhari has declined assent to the Chartered Institute of Training and Development of Nigeria Bill and the Nigerian Aeronautic Research Rescue Bill.
The deposed leader of an IS-backed faction of Boko Haram has been detained by more radical elements who seized control of the group, the AFP has reported, quoting three different sources.
A total of 450 students on Thursday matriculated at Edo University, Iyamho, for the 2018/2019 academic session of the University.