President Buhari Rejects Devaluation, Says “I Won’t Kill The Naira”

President Muhammadu Buhari declared late Wednesday in Nairobi that he was yet to be convinced that Nigeria and its people will derive any tangible benefit from an official devaluation of

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Nigeria will still do well if oil sells at $20 – Kachikwu

Minister of State for Petroleum, Emmanuel Ibe Kachikwu has raised the hope of Nigerians in the wake of ongoing economic challenges. Kachikwu said Nigeria is producing a barrel of crude

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FG unveils 2016 economic agenda

The Federal Government has disclosed the direction the administration of the nation’s economy will take in 2016. According to a statement from the Ministry of Finance, the federal government will

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Osinbajo Attends World Economic Forum In Davos

Vice President Yemi Osinbajo would attend this year’s World Economic Forum in Davos, Switzerland to represent Nigeria at the annual global event. The Vice President would be participating in a

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FIRS threatens to shut NNPC operations over tax evasion

The Federal Inland Revenue Service (FIRS) has threatened to shut operations of the Nigeria National Petroleum Corporation (NNPC) over tax evasion Offences. This was disclosed by the Executive Chairman of

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Don’t put profits above security needs, Buhari warns telecom companies

President Muhammadu Buhari yesterday urged telecommunication companies operating in Nigeria not to place their desire for huge profits above the security needs of the country. Speaking at an interactive forum

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NNPC shuts Warri, Kaduna refineries after pipeline attacks

The Nigeria National Petroleum Corporation (NNPC) has shut down crude oil flows to two of its four refineries after weekend attacks on pipelines by militants. According to NNPC spokesman, Ohi

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Naira crashes further, sells at N297 at parallel market

The Naira on Monday continued its free fall depreciating further at the parallel market amid growing shortage of the currency. The Naira lost N5 to exchange at N297 to the

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President Buhari Leads Nigeria’s Delegation To World Future Energy Summit

President Muhammadu Buhari will on Sunday, January 17, embark on a three-day official visit to the United Arab Emirates (UAE). In the course of the visit, President Buhari will join

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FG approves $200m loan for Lagos State

The Federal Government has approved a 200 million dollar loan for Lagos State Government to enable it complete some infrastructural projects. The loan which will be sourced from the World

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