Browsing Category
Business
Petrol may sell for N200 as landing cost rises to N180
Users of Premium Motor Spirit, (PMS) may have to gird their loins for a possible astronomical increase in the pump price of the product if stories coming from the global oil prices are anything to go by.
It is feared that the…
Binance removes naira from crypto trading pairs over CBN ban
Following the directive of the Central Bank of Nigeria (CBN) asking banks and other financial institutions to close the accounts used for cryptocurrency operations, Binance, one of the largest cryptocurrency exchanges by volume…
Just in: US backs Okonjo-Iweala to lead WTO
President Joe Biden’s administration on Friday offered its “strong support” to Nigeria’s Ngozi Okonjo-Iweala to lead the World Trade Organisation, AFP reports.
The move marks another sharp split with former President Donald Trump…
NBS: Nigeria’s foreign capital inflow in record low, sinks to $9.68bn
The National Bureau of Statistics, (NBS) on Friday said foreign capital flow into Nigeria sank by more than half in 2020 to $9.68bn, its lowest level in four years.
In its capital importation report for the fourth quarter and…
Lagos announces plan to phase out yellow buses
The Lagos State Government has announced plans says to phase out yellow buses in the state.
Commissioner for Transportation, Dr Frederic Oladeinde, said the development was in line with the transportation masterplan for the state. …
Ngozi Okonjo-Iweala sole candidate for WTO DG as Korean candidate withdraws
South Korea's candidate for the position of Director-General of the World Trade Organisation (WTO), Yoo Myung-Hee, has announced she will withdraw from the race, clearing the path for Nigeria's Ngozi Okonjo-Iweala who the…
PIB: Host communities reject 2.5% proposal by Petroleum Minister
The National President of the Host Community of Nigeria Producing Oil and Gas, Benjamin Tamaranebi on Sunday dismissed as unacceptable the 2.5 per cent, proposed in the Petroleum Industry Bill, being supported by the Minister of…
Cost of vehicles to go down as Customs introduces reduced import duties next week
The cost of vehicles and tractors in the country is likely to go down as the the Nigeria Customs Service has said reduction in the duties on the automobiles from 35 to about 10 per cent may take off next week.…
COVID-19: ‘Fresh lockdown will hurt Nigeria’s economy’, CBN tells FG
The Central Bank of Nigeria (CBN) on Tuesday asked the Presidential Task Force on COVID-19 to shelve any idea of imposing a fresh lockdown in view of the increasing number of daily cases, insisting that such will do irreparable…
Nigeria’s economy will record 2.9 per cent growth rate in 2022, AfFB projects
The President African Development Bank, (AfDB), Dr Akinwumi Adesina on Thursday lamented that debt service payments posed the greatest risk to Nigeria, given shrinking oil revenues.
He spoke as the bank projected a growth rate…