Category: Business

NERC To Fine Discos Over Wrongful Power Disconnections

The Nigerian Electricity Regulatory Commission (NERC) says it is proposing to impose fines on electricity distribution companies (DisCos) for wrongfully disconnecting...

CBN Issues Fresh Directives To Banks After Ending Forex Sales To Nigerians

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points in designated branches for the sale of Foreign Exchange (forex) to...

Just In: CBN Stops Forex Sales To Bureau De Change Operators

The Central Bank of Nigeria has stopped the sales of forex to the Bureau De Change operators in the country with immediate effect. The CBN Governor, Godwin Emefiele,...

Ilorin Airport Authority Debunks Crash Of Air Peace Aircraft

The Authority of llorin International Airport on Saturday debunked any accident involving any aircraft belonging to Peace Airline at the Airport. The Public Relations...

Herdsmen: Buhari Approves N6.25 Billion For Ranching In Katsina

Katsina State will lead the way in setting up ranches, following an approval of N6.25 billion by President Muhammadu Buhari. Governor Aminu Bello Masari confirmed this...

CBN Restricts Sugar Importation To Bua, Dangote, Golden Sugar Company

A Central bank of Nigeria (CBN) in circular to all Authorised Dealers, yesterday, directed that no other company should be provided foreign exchange from the foreign...

Nigeria’s Inflation Rate Declines To 17.75%

Nigeria’s consumer price index (CPI), a measurement of the rate of change in prices of goods and services, has declined to 17.75% in June from 17.93 recorded in May...

Russia To Resuscitate Ajaokuta Steel Company

Russian Deputy Minister of Foreign Affairs, Sergey Vershinin, receiving the Letters of Credence from the Nigerian Ambassador to Russia, Abdullahi Yibaikwal. Russia has...

Banks And Other Big Corporations Will Start Paying For Police Escorts

The Federal Executive Council (FEC) had approved the formalization of the Police Special Services on Wednesday. The Senior Special Assistant to the President on Media...

World Bank Commends Yahaya Bello For Returning $4.63 Million

The World Bank has hailed Kogi State Governor, Yahaya Bello, for refunding US$4.63million surplus funds under the Nigeria Erosion and Watershed Management project...