MTN pulls out of court, pays N50bn to NCC
In a significant move towards the resolution of the fine crisis plaguing it, South African telecoms company MTN has pulled out of court and paid N50bn or $250m to Nigerian…
Osinbajo, Tinubu, Atiku, Saraki others in closed door meeting
Chieftains of the All Progressive Congress (APC) are currently meeting with Vice President Yemi Osinbajo. Though it is not clear what the agenda of the meeting is, it may not…
BOA to grant N14bn loan to rice, wheat farmers in Kebbi
The Bank of Agriculture (BOA) in Kebbi State said it would grant N14 billion loan to 70,000 rice and wheat farmers. The Manager of the bank, Alhaji Yusuf Ibrahim, said…
House to investigate NAPIMS $260 million contract
The House of Representatives on Wednesday mandated its Committees on Petroleum Resources (Upstream) and Public Procurement to investigate the 260 million dollars contract awarded by the National Petroleum Investment Services…
FMDQ Securities Exchange targets OTC derivatives in 2017
FMDQ OTC Securities Exchange on Wednesday said that it would introduce OTC derivatives into the market by 2017 to further deepening of the Nigerian Debt Capital Market (DCM). Ms Kaodi…
Ambode proffers solution to Nigeria’s forex woes
Governor Akinwunmi Ambode of Lagos State has urged Nigerians to look inward, embrace massive production of goods and take ownership of businesses to overcome current foreign exchange challenges. Ambode gave…
Naira gains 21 per cent against dollar on parallel market
The naira firmed sharply on the parallel market on Wednesday as retail currency traders tried to adjust to the reality of no devaluation by the government. The naira firmed to…
IMF calls on Nigeria to lift foreign exchange curbs
The International Monetary Fund (IMF) called on Wednesday for Nigeria to lift foreign exchange curbs and let the naira reflect “market forces” more closely, also urging more fiscal discipline and…