Blast kills five in Borno market
At least five people were killed by a bomb in Gamboru market in Maiduguri on Friday morning, a policeman and a rescue worker said. Maiduguri, the capital of Borno state,…
Analysts advocate exchange rate determining mechanism for naira float
Analysts have advocated for foreign exchange determining mechanism to allow free float of the naira, which would subsequently reduce forex rate viability to achieve monetary stability. The Central Bank of…
Nigeria, others raise $830m for infrastructure in Africa
Nigeria and some African countries under the platform of Africa50, the new and innovative infrastructure investment platform promoted by the African Development Bank (ADB) held its Constitutive General Assembly on…
NNPP commends Buhari’s anti-corruption moves
…Says EFCC rising to its responsibilities The New Nigeria People’s Party (NNPP) has commended the anti-corruption stance of Muhammadu Buhari’s stance, noting that it has emboldened the Economic and Financial…
Nigerians lose N84m to xenophobic attacks in South Africa
The Nigerian Union in South Africa said on Saturday that Nigerians lost more than 4.6 million Rand (N84 million) to xenophobic attacks . The President of Nigerian Union in South…
Continental Re sees huge growth as Africa’s construction booms
Africa’s Continental Re plans to double premium income from its property and engineering business to $80 million over the next five years, as it bets on the continent’s infrastructure boom,…
Unpaid subsidy: oil marketers threaten to stop importation
The Major Oil Marketers Association of Nigeria (MOMAN) on Friday threatened to stop the importation of petroleum products over yet-to-be-paid N256 billion subsidy claim by the Federal Government. The Executive…
CBN to bar bad debtors from FX market
The Central Bank of Nigeria (CBN) has ordered banks to crack down on borrowers with non-performing loans (NPLs), adding that it would bar debtors from FX market. The move is…
Nigeria gets N886.5m disaster reduction grant from Japan
Asian giant, Japan, has provided Nigeria with $4.5 million (N886.5 million) grant to purchase disaster reduction equipment, a development which the Minister, National Planning Commission, Dr Abubakar Suleiman, said would…
My conversation with Buhari is in Nigeria’s interest, says Pres. Goodluck Jonathan
President Goodluck Jonathan, said on Friday that his meeting with the President-elect, Muhammadu Buhari at the Aso Rock Villa on Friday was to further their conversation on the wellbeing Nigeria.…