CBN reveals amount Nigeria spent on fuel importation in 5 years

The Central Bank of Nigeria, CBN, yesterday, disclosed that the sum of $119.409bn was spent on the importation of commodities into the country in...

Nigerian stocks named World’s best with 12% rise in 14 days 

The world-beating rally in Nigerian stocks may not be over yet. The main equity index in Africa’s biggest economy has surged 12 per cent this...

Oil prices hit 30-month high of $65 per barrel

Oil prices on Tuesday jumped by one per cent to $65.24 a barrel, being highest since mid-2015, after the closure of the Forties North...

Nigeria very close to attaining self-sufficiency in rice production – Lai...

The Minister of Information and Culture, Alhaji Lai Mohammed, says the President Muhammadu Buhari administration has drastically reduced rice importation and has within two...

OPEC warns Nigeria to be disciplined

Following Nigeria’s exemption from the production cut agreed on by oil cartel, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, says the...

Nigeria, China seal $2.5bn currency-swap deal

Nigeria and China have signed a currency-swap agreement worth $2.5 billion to boost commercial ties and reduce the need to use dollar in their bilateral...

Multichoice Nigeria loses copyright infringement legal battle, to pay N5.9bn ‘damages’

A Federal High Court in Lagos has awarded N5.9bn “special damages” against Multichoice Nigeria Limited in an eight-year-old copyright infringement legal battle between the...

Amaechi to states, LGs: Stop banning ‘Okada’, ‘Keke’ operations

The Minister of Transportation, Rotimi Amaechi, on Thursday advised states and local governments in Nigeria to integrate and enhance motorcycle and tricycle operations into...

Nigerian govt set to shut land border over rice smuggling

The Federal Government says it will shut down the land border between Nigeria and a neigbouring country in a few days time to avoid...

Amaechi asks Jonathan to account for $65bn left by Obasanjo’s govt

Former Rivers governor now Transport minister, Rotimi Amaechi, says the level of wastages of public funds during past government was alarming, alleging that the $65bn...