Buhari, govs to discuss fuel pricing Thursday —Ngige
President Muhammadu Buhari and the state governors will discuss the issue of fuel pricing Thursday. The Minister of Labour and Employment, Senator Chris Ngige, disclosed […]
Foreign exchange
WTO: How Nigeria Can Benefit From Okonjo-Iweala’s Leadership – LCCI
The Lagos Chamber of Commerce and Industry has highlighted steps Nigeria needs to take in order to fully take advantage of the opportunities offered by […]
Naira Loses Against Dollar At I&E Market
The naira has lost against the U.S. dollar. The naira on Wednesday lost against the dollar at the Investors & Exporters window (I&E) of the […]
Net Forex Inflow Drops By 26% To $3.87bn
Net foreign exchange (forex) inflow into the economy fell by 26 percent, month-on-month to $3.87 billion in October from $5.23 billion in September last year. […]
Border Closure: Nigeria Spent N1.85trn On Food Importation
The Nigerian government spent N1.85 trillion on food imports in 2020 after it closed the country’s land borders, the chairman of the presidential economic advisory […]
FG To Borrow Dormant Account Balances And Unclaimed Dividends From Nigerians
Unclaimed dividends and bank account balances of Nigerians unclaimed for at least six years will be transferred to the Federal government. This is according to […]
In 3 Months, Forex Inflow Through CBN Hits $6.97bn
Foreign exchange inflow through the Central Bank of Nigeria in the third quarter of 2020 stood at $6.97bn. The CBN disclosed this in the third […]
Oil Woes, As Bonny Light Drops By 34.8% In 11 Months
The average price of Bonny Light, Nigeria’s premium oil grade, has dropped by 34.8 percent to $42.9 per barrel in the past 11 months of […]
Again, FG Hikes Electricity Tariff
Abuja (Sundiata Post) – The Nigerian Electricity Regulatory Commission, NERC, has approved over 50 per cent hike in electricity tariff payable by customers of the […]
Nigerians Displeased With Inflation Control Measures – CBN
In what could be interpreted as an admission of its shortcomings and self-indictment, the Central Bank of Nigeria (CBN) has admitted that Nigerians are displeased […]
Nigeria’s Forex Inflow Hits $21bn In Q3
The total amount of foreign exchange inflow into the economy in the third quarter of 2020 stood at $21.46 billion, according to data from the […]
Nigeria Imports N1.62trn Petrol In 9 Months
Nigeria spent a total of N1.62tn on the importation of Premium Motor Spirit (petrol) from January to September, the latest data obtained from the National […]
Nigeria’s Forex Reserves Drops By $132.06m
Nigeria’s foreign exchange (forex) reserves dropped by $132.06 million at the weekend as the apex bank continued to use the forex reserves as a buffer […]
Telecoms Key to Economic Diversification in Nigeria – Danbatta
…as NCC remits N362.34bn to government coffers in 5 years The Executive Vice Chairman/CEO, Nigerian Communications Commission (NCC), Prof. Umar Danbatta has described as key […]
Natural Resources Fund should be deployed to diversify economy – Lawan
By Chibuike Nwabuko Abuja (Sundiata Post) – President of the Senate, Ahmad Lawan has advised the federal government to deploy the Natural Resources Development Fund […]
Naira Bounces Back, Appreciates To N470/$ In Parallel Market
In what will come across as good news to Nigerians, the naira this morning reversed its two weeks loss to the dollar in the parallel […]
Fed Govt, CBN Point To Results In Economy Recovery Plan
At the backdrop of the slide into the second recession in five years, fiscal and monetary authorities are indicating that efforts are on all fronts […]
Interventions Drive Daily I&E Window Sales To $150m – Says Emefiele
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said interventions introduced by the CBN have resulted in a daily trade of $150m […]
Recession: PDP wants FG to Allow Free Market Economy
The Peoples Democratic Party(PDP) has advised the Federal Government to permit a free market economy that will allow Nigerians actively participate in the economic space […]
CBN MPC members Express Worry Over High Demand Pressure In Forex
Some members of the Monetary Policy Committee of the Central Bank of Nigeria have expressed concerns over the high demand pressure in the nation’s foreign […]