Nigeria Customs Suspends Sales of Seized Rice after Stampede The Nigeria Customs Service (NCS) has suspended its food disposal initiative following a stampede that claimed seven lives on Feb. 23.…
Paris 2024: Super Falcons pip Cameroon’s Lionesses 1-0 to Reach Final Round Nine-time African champions, the Super Falcons of Nigeria on Monday pipped the Lionesses of Cameroon 1-0 in a…
Develop Export Market – Gov. Makinde Nigeria should focus on exports to improve its economy, Gov. Seyi Makinde of Oyo State said on Monday in Ibadan. “Giving priority to the…
FEC Approves Merging, Scrapping of MDAs The Federal Executive Council (FEC) has approved the merging, scrapping and subsuming of some Ministries, Departments and Agencies of government in line with its…
Equity Market Drops N51bn The market capitalisation of the Nigerian Exchange Ltd. (NGX) Monday dropped by N51 billion. Specifically, the market capitalisation opened at N55.861 trillion to close at N55.810…
LASG Enforces Building Permits, Requires Pre-Construction Authorisation The Lagos State Building Control Agency (LASBCA) has urged builders and developers to ensure they obtain a letter of authorisation from the agency…
FEC Adopts Oronsaye Report on Civil Service Reform The Federal Executive Council has adopted the Steve Oronsaye report on the reform of the civil service to cut cost of governance.…
Interest on Short Term Borrowing Exceeds FG Bond Rates The central bank priced 364-day treasury bills at 19% while the average stop rate printed at 18.75% at the debt management…
Oil Slides to $80 as Demand Slows Oil prices slid to $80 as global demand slowed down following multiple economic uncertainties. On Monday, the oil market extended the sell-off from…
Liquidity Squeeze: Banks Borrow N1.4trn from CBN on Friday Some deposit money banks borrowed N1.4 trillion from the standing lending facility (SLF) of the Central Bank of Nigeria (CBN) standing…