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Wednesday, May 23, 2018
Business

Business

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The naira, which has been on a path of recovery, traded between 400 and 470 to the dollar at the parallel market on Friday. According to traders who spoke to newsmen in Abuja, Nigeria’s capital city, the dollar went as...
Inflation in Nigeria rose to a more than six-year high in May, hitting 15.6 per cent, the National Bureau of Statistics said on Tuesday. The rise in the headline consumer price index, which measures inflation, accelerated by 1.9 points from...
Nigerian authorities will wait for the outcome of a court challenge filed by South African telecoms firm MTN before deciding on whether to enforce a $3.9 billion fine, a spokesman for the telecommunications ministry said. The ministry spokesman contradicted a...
The Minister of State for Petroleum Resources, Dr. Ibe Kachickwu, yesterday said that the Federal Government would, in the next few days, unveil new policy to address the problem of fuel subsidy in the country. The minister also said that...
The Nigerian Extractive Industries Transparency Initiative(NEITI) on Thursday said it had commenced a comprehensive independent audit of the nation’s oil and gas sector that would cover the periods of 2015 and 2016. Mr Waziri Adio, Executive Secretary of NEITI, announced...
The Minister of Communications Technology, Mr Adebayo Shittu, yesterday said the Federal Government would impose severe sanctions on telecos und to have defrauded Nigerians through poor quality of service, incessant dropped calls and other unauthorised charges. He accused the operators...
Nigeria’s naira slumped 23 percent against the U.S. dollar on Monday in tentative interbank trading after central bank removed its currency peg, Thomson Reuters data showed. The naira traded just twice at 255 against the dollar, and less than $1...
In the photo above, are two of the three sons of Sheikh Zakzaky; Ali, Hammad and Humaid, who were killed during the Army/Shiite clash in Zaria, Kaduna state on Saturday December 12th. Sheikh Zakzaky had six sons but has lost...
Global technology payments company, Visa Incorporated, has collaborated with Interswitch, a leading digital payments and commerce provider, to boost e-payment services across the country. As a result, Interswitch’s multi-channel payment platform, Quickteller, has been fully integrated with visa platform to...
Nigerian National Petroleum Corporation (NNPC) has released a report on the quantity of fuel currently in its depot. According to report by National PMS Evacuation, Nigeria currently has about 977.31 million litres of Premium Motor Spirit (petrol) in its land...
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