Naira depreciates further against dollar

Naira depreciates further against dollar

The Naira on Thursday remained indifferent to the sale of over $250m to licensed Bureau De Change operators nationwide as it suffered another loss against the dollar. The Naira inched against the dollar at the early hours of Thursday morning by 2 points but could not sustain the gain as it shed 3 points to […]

Efforts to save Naira have failed – IMF

Efforts to save Naira have failed – IMF

blames Nigerian economy woes on poor managemet The International Monetary Fund has said that efforts to save the naira by rationing foreign exchange have failed. The IMF stated this in its policy paper on macroeconomic developments and prospects in low-income developing countries on Thursday. The fund attributed economic failures in the country to “delayed/poorly managed […]

Nigeria Inflation rate hits 18.55% – NBS

Nigeria Inflation rate hits 18.55% – NBS

The National Bureau of Statistics on Friday released the Consumer Price Index which measures inflation with the index rising by 18.55 per cent in the month of December. The bureau in the report which was made available to our correspondent in Abuja said the 18.55 per cent is an increase of  0.07 percentage points over […]

Fuel depots shut down as NUPENG starts nationwide strike

Activities at fuel depots across the country have been disrupted by a three-day warning strike by the Nigeria Union of Petroleum and Natural Gas Workers, which started today. The strike is to protest against anti-Labour practices in the oil and gas sector. As a result of the strike loading of petroleum depots across the nation […]

Edo to introduce POS for revenue collection, set to employ 10,000

Edo to introduce POS for revenue collection, set to employ 10,000

Edo State Governor, Mr. Godwin Obaseki has set up a modality for the employment of 10,000 persons in the first phase of his 200,000 job promise, in fulfillment of his electioneering campaigns, it emerged yesterday. Besides, government says it would establish an electronic platform that will collect revenue by the means of Point of Service […]

No kerosene in all Lagos depots – NUPENG

No kerosene in all Lagos depots – NUPENG

Nigeria Union of Petroleum and Natural Gas Workers on Saturday says there is no single drop of kerosene in the private and NNPC depots in Lagos. Mr Rotimi Benjamin, National Chairman Surface Tank Kerosene Peddlers (SUTAKEP) Branch of NUPENG told the News Agency of Nigeria in Lagos that the product was last brought to the […]

Nigeria moves up to level 3 in global aviation rating

Nigeria moves up to level 3 in global aviation rating

Nigerian Civil Aviation Authority (NCAA) on Monday said Nigeria had attained another high level safety rating which placed it among the world leaders in aviation safety. The NCAA made the announcement in a statement by its General Manager, Public Relations, Mr Sam Adurogboye and obtained by newsmen in Lagos. The statement stated that the country climbed […]

‘No life was was lost in Nigerian Breweries fire’

The management of Nigerian Breweries has said that no life was lost in the fire that gutted the company on Christmas Day. In a statement issued on Sunday by its Corporate Affairs Adviser, Mr Kufre Ekanem, said the inferno affected some sections of the bottle holding bay, including empty bottles and plastic crates. Mr Ekanen […]

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