Don’t Reverse Ban On Rice Importation, Ortom Begs Buhari
Governor Samuel Ortom of Benue State, on Monday, appealed to the president l Muhammadu Buhari, to sustain the policy on the ban of rice importation and not succumb to any…
BREAKING: CBN Issues New Guidelines For Receipt Of Foreign Remittances
The apex bank in a statement signed by O.S. Nnaji, director of trade & exchange of CBN, said recipients of such remittances may have the option of receiving these funds…
Naira: IMF Calls For Unified Exchange Rate
By Lukman Amusa THE International Monetary Fund (IMF) has urged the Central Bank of Nigeria (CBN) to get the country a unified exchange rate for the naira. It remained stable…
OPEC Members Meet To Extend Oil Production Cuts
The OPEC oil producers’ club will meet virtually Monday to mull over an extension to production cuts as the coronavirus pandemic continues to weigh on global demand. Ministers from the…
25m Nigerians To Pay N4,000 Monthly For New Solar System -Osinbajo
An estimated 25 million Nigerians slated to benefit from the proposed off-grid solar home systems across rural communities in the country are expected to pay N4,000 monthly. The federal government had…
$35bn External Reserves Sufficient For Seven-Month Imports — Emefiele
The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said Nigeria’s external reserves, which currently stand at $35bn, are sufficient to cover seven months of imports of…
CBN Tells Bureau De Change Operators Not To Sell The Dollar High Than At N392
The Central Bank of Nigeria (CBN) has directed bureau de change operators in the country not to sell dollars higher than N392 to end users. In a circular signed by…
India Enters First Recession In 73 Years
India’s economy contracted 7.5 percent between July and September, performing the poorest among major advanced and emerging economies and entering a technical recession for the first time since independence, official…
NACCIMA Commends Planned Reopening Of Land Borders
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture has applauded plans by the Federal Government to reopen the nation’s land borders soon. The DG, NACCIMA, Amb Ayo…
Nigeria Farmers Frown At Moves To Reopen Land Borders
By Lukman Amusa Farmers in the country have kicked against the move by the federal government to reopen land borders which have being close for the past one and half…
