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Naira fall against dollar continues

The Naira, on Wednesday, maintained its loss
against the dollar at the parallel market, the
News Agency of Nigeria (NAN), reports.
The Nigerian currency, which lost three points
on Tuesday to exchange at N368

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Senate gets budget proposals for NNPC, CBN, 36 agencies

The Senate has received the 2016 budget
proposal for the Nigerian National Petroleum
Corporation (NNPC), Central Bank of Nigeria (CBN) and
36 other Agencies from President Muhammadu Buhari
for consideration and passage. Senate
President Bukola

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Nigeria experiencing economic stagnation, inflation – Emefiele

Governor of Central Bank of Nigeria, CBN,
Godwin Emefiele has presented the performance record of the Nigerian economy to the Senate. According to Emefiele, the economy has faced stagnation and inflation

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Orange completes acquisition of Airtel in Sierra Leone

Orange announces today that, together with its Senegal-based partner Sonatel, it has completed the acquisition of 100% of the mobile operator Airtel in Sierra Leone. Since the signature of an

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2016 budget: Reps approve N241.5bn for FCT

THE House of Representatives, on Thursday, approved N241,455,285,471 for the Federal Capital Territory, FCT, administration for the 2016 fiscal year. Of the amount, N52,982,280,360 was for perso-nnel costs; N34,388,260,823 for

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We’ve identified 1,000 dormant revenue lines – Adeosun

The Federal Government on Thursday said it had identified more than 1,000 dormant revenue lines. The government assured however that such huge dormant revenue opportunities will be maximised. Adeosun, however,

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We’re determined to see projects take-off in agric sector – Buhari

Nigeria is in a hurry to see take off in the agricultural sector to enhance food security and create jobs for teeming unemployed youths. President Muhammadu Buhari disclosed this Thursday

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Court reverses 45 percent electricity tariff hike

A Federal High Court in Lagos, Wednesday, declared illegal the upward review of electricity tariff by the National Electricity Regulation Commission. In a landmark judgment delivered by Justice Ibrahim Idris,

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NCC remits N70bn into Federation Account

The Nigerian Communications Commission
 (NCC) on Monday said it had remitted N70 billon into the Federation
Account in the last one year. “This is in addition to the N30 billion paid

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Naira hedges against Pound Sterling, Euro

The Naira on Monday weakened slightly
 against the dollar at the parallel market.
The Nigerian currency shed 1 point to trade at N353 by
midday, from N352 it traded on Friday.
However, the

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