New to site?


Login

Lost password? (X)

Already have an account?


Signup

(X)
Farooq

Archive by Category "News"

HomeArchive by Category "News"
  • NNPC
  • Author
    admin
  • Comments
    0 Comments
  • Category
  • Tag

The Nigerian National Petroleum Corporation (NNPC) has disclaimed the insinuation that it has in its custody $3.5billion subsidy fund. NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, in a release today in Abuja, explained that at the hit of the shortage of products supply at the close of last year, the National […]

The Naira on Tuesday appreciated against the dollar at the parallel market, exchanging at N360 to the dollar, stronger than N361 posted on Monday. At the Bureau De Change (BDC) window, the Naira was sold at N360 to the dollar, while the Pound Sterling and Euro closed at N477.5 and N413. Trading at the investor’ […]

The Governor, Central Bank of Nigeria (CBN), Mr Godwin Emefiele, on Wednesday said the apex bank was duly committed in positioning the economy on the path of growth by supporting small businesses in the country. Emefiele, represented by the CBN Spokesman, Mr Isaac Okorafor, made this known in Abuja at the CBN Special Day at […]

Oil prices dipped on Tuesday amid expectations of an increase in U.S. crude inventories, but signs of a fall in Iranian oil exports this month kept losses in check. International benchmark Brent crude for December delivery had fallen 6 cents or 0.07 per cent to $80.72 per barrel by 0654 GMT. U.S. West Texas Intermediate […]

The dollar edged higher on Tuesday as firmer U.S. Treasury yields encouraged investors to buy the greenback after a recent drop with investors growing more bullish about its short-term outlook, especially against emerging market currencies. While the dollar has struggled to extend gains against the euro and the sterling in recent days, it has strengthened […]

  • dollar to naira

Godwin Emefiele, governor, Central Bank of Nigeria (CBN), has said maintaining stable exchange rate to avoid depreciation of the naira is better than building foreign reserve buffers. Emefiele told newsmen on Sunday that this was part of the outcome of the Nigerian delegation’s meetings with investors and institutions at the International Monetary Fund (IMF) and […]

  • CBN
  • Author
    admin
  • Comments
    0 Comments
  • Category

Kunle Aderinokun and Obinna Chima in Bali, Indonesia The federal government yesterday insisted that Nigeria was not in any way near a debt crisis. Also, as part of efforts to enthrone transparency in the Nigerian National Petroleum Corporation (NNPC), the government disclosed that in the next few days, a new reporting template would be introduced […]

Meanwhile, Emefiele said there was no cause for alarm owing to the recent decline in the country’s external reserves. He, however, stressed that even though there was need to build buffers, “unfortunately I must say that we are in a period where it is difficult to talk about building reserve. “It is a choice we […]

ABUJA, May 15 (Reuters) – Annual inflation in Nigeria stood at 12.48 percent in April, its lowest level in more than two years and its 15th straight monthly drop, the National Bureau of Statistics said on Tuesday. It fell from 13.34 percent in March. A separate food price index showed inflation at 14.80 percent in […]

Former Vice President Atiku Abubakar has promised to partly privatise the Nigerian National Petroleum Corporation (NNPC) and allow the naira to float so as to attract more foreign investments – if elected as President. Abubakar, according to the  news agency Reuters, said: “I am also going to expand it (privatisation) to include the oil and […]