Don't Miss


All posts by BusinessNews Staff

  • Dollar-and-pounds-n(1)
    CBN approves dollar sale to more Bureau De Change operators

    The Central Bank of Nigeria (CBN) on Thursday cleared more retail currency bureaux to take part in a weekly dollar sale to boost liquidity and support the naira which is weak on the black market. Aminu Gwadabe,...

    • Posted March 17, 2017
    • 0
  • FIRS
    FG targets $1bn revenue from new scheme

    Nigeria is targeting $1bn additional revenue as Finance Minister Kemi Adeosun Thursday presented to the National Economic Council (NEC), the Nigeria Voluntary Asset and Income Declaration Scheme (VAIDS). Addressing State House correspondents after the meeting chaired by...

    • Posted March 17, 2017
    • 0
  • aero-airline
    Aero ‘sacks’ 60% of workers

    Up to 60% of workers of the distressed airline Aero may have been laid off following dwindling operations by the airline which is the oldest in the country. Findings show workers, more than 1000, were issued letters...

    • Posted March 17, 2017
    • 0
  • agric-minister-audu-ogbeh
    FG pledges to resolve Forex challenges facing exporters

    The Minister of Agriculture, Chief Audu Ogbeh yesterday expressed the federal government’s desire to address the foreign exchange (forex) challenges faced by exporters, disclosing that the ministry is in talks with the Central Bank of Nigeria (CBN)...

    • Posted March 16, 2017
    • 0
  • N-Power_035704661
    N-power graduates get additional N900m monthly

    President Muhammadu Buhari has approved an additional N4,500 monthly electronic device grant each for the 200,000 beneficiaries of the N-power graduate employment scheme. The Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande,...

    • Posted March 16, 2017
    • 0
  • 000316-Bukola-Saraki
    Lawmakers to pass 2017 budget by end of March – Saraki

    Nigerian lawmakers aim to pass the 2017 budget by the end of March, the president of the upper house of parliament said on Tuesday, following a meeting with President Muhammadu Buhari. The budget lays out plans to...

    • Posted March 15, 2017
    • 0
  • kerosene queue
    Kerosene price decreases by 18.77% in February

    The National Bureau of Statistics (NBS) said that average price per litre paid by consumers for National Household Kerosene, decreased by 18.77 per cent month-on-month in February. The bureau announced this in a “National Household Kerosene Price...

    • Posted March 15, 2017
    • 0
  • Nigeria’s-inflationary-pressure-Lagos market
    Inflation falls first time in 15 months – NBS

    Nigeria has recorded first drop in inflation rate in 15 months as the National Bureau of Statistics (NBS) reported that inflation rate dropped by 0.94 per cent in February from the 18.72 per cent recorded in January...

    • Posted March 15, 2017
    • 0
  • farming-agric
    Rice Farmers Enjoy Growth amid Economic Downturn

    Young men, ageing widows and local chiefs — even civil servants — have taken to the fields to work in rice paddies that stretch for miles around Tarasa, a village in Kebbi State. Two years ago, the...

    • Posted March 14, 2017
    • 0
  • CBN
    Falling oil prices threaten Nigeria’s earnings, reserves accretion

    The steady rise of Nigeria’s foreign exchange earnings and build-up of external reserves, which started about five months ago, is already under threat from exogenous shock arising from the recent fall in oil prices. Nigeria depends on...

    • Posted March 14, 2017
    • 0