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Sunday, May 28, 2017
Business

Business

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The Central Bank of Nigeria (CBN) yesterday lifted the foreign exchange forex market with a $255 million intervention to ease pressure on the naira. The injection assisted marginally to stabilise the naira against the greenback and deepen dollar inflow into...
Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to the Minister of Power, Works and Housing Babatunde Fashola, SAN requesting him to use his “good offices and leadership position to urgently enforce your directives to electricity...
Minister of state for Petroleum Resources Dr. Ibe Kachikwu said he will quit from the government if he fails to deliver on the promise to end fuel importation in Nigeria by 2019. Speaking in an interview on BBC World Service...
With the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) meeting this week, the Naira continued its strong run against the United States dollar at the weekend, underscoring the resolve of the apex Bank to achieve...
The Minister of Power,Works and Housing, Mr. Babatunde Fashola, has declared that eligible power consumers are now free to purchase electricity directly from power generation companies, GENCOs. Fashola, by this major policy directive, has empowered consumers to buy electricity directly...
The Nigerian National Petroleum Corporation (NNPC) is in the last stages of signing deals with ten companies to exchange around 300,000 barrels per day (b/d) of crude for imported petrol and diesel. The deal which is under a new import...
Kirusa, a global leader in providing telecom and social media solutions, today announced the launch of Celeb and Sports content services on InstaVoice® Channels platform, with Tigo Rwanda, a leading mobile network in the country. The Celeb content service, which...
Rwanda’s telecom industry regulator has fined MTN Rwanda, a division of South Africa’s MTN Group, 7 billion francs (8.5 million dollars) for running its IT services outside the country in breach of its licence. The regulator said in a ruling posted...
Nigeria is to launch Africa’s first nanosatellite (an artificial satellite with a wet mass between one and 10 kg 2.2–22 lb)  into the orbit, the Director-General of National Space Research and Development Agency (NASRDA), Prof Seidu Mohammed, has said. Mohammed...
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has disclosed that efforts are being put in place to maintain the pump price of Premium Motor Spirit (petrol) at N145 per litre. He said the feat was achievable despite...
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