The Central Bank of Nigeria (CBN) has directed authorised dealers to encourage corporate clients to join the FMDQ system for forex trading. The bank gave the directive in a circular issued by CBN Director, Financial Markets Department, Dr Alvan Ikoku. It said that the directive took immediate effect. The CBN advised the dealers to allow the corporate clients to on-board …

Eight ships laden with various products, including petrol, are at the Lagos ports waiting to berth, the Nigerian Ports Authority (NPA) said on Tuesday. The NPA disclosed in its daily “Shipping Position” made available to the News Agency of Nigeria (NAN) in Lagos that four of the vessels had petrol consignment. It said that four other ships would berth with …

The National Bureau of Statistics has said that the number of  Nigerians that are unemployed rose from 11.19  million as at the end of the third quarter of 2016 to 11.55  million in the fourth quarter of 2016. The NBS stated this in its unemployment report which was released on Monday night. The report explained that during the period, the …

The House of Representatives insisted on Monday that crude oil worth $15bn was missing in the report of the Nigerian National Petroleum Corporation for its 2011 to 2014 transactions. An ad hoc committee of the House is investigating the alleged theft of $17bn crude oil and gas resources from the country within the period. The committee is chaired by a …

The nation’s total indebtedness to foreign and local creditors now stands at N19.16tn, the Debt Management Office has said. This is N1.8tn increase from the N17.36tn recorded at the end of December 2016. As of March 31, 2015, the country’s total debt stood at N12.06tn. This means the debt level increased by N7.1tn in two years. Segmenting the national debt, …

When children live through a contentious divorce or separation by their parents, the fallout appears to harm their health for decades, even into adulthood, researchers said Monday. The study involved 201 healthy adults who agreed to be quarantined, exposed to a virus that causes the common cold, and monitored for five days. Those whose parents had separated and had not spoken …

The Nigerian Civil Aviation Authority (NCAA) has put in place adequate measures to ensure full and sustained compliance with the Federal Government’s Executive Order (EO) at airports in the country. The Acting President, Yemi Osinbajo, (SAN), recently signed three far-reaching orders to ease business, fast track budget submissions and promote made in Nigeria goods. A statement made available to nationalwire …

NASS Expenditure On Travels, Meals, Generators A Call For Restructuring-Analysts    Having remained a one-liner document shrouded in secrecy for many years, details of the Budget of Nigerian National Assembly goes into public domains this year and while many feel the expenses are outrageous, others see it as a call for political restructuring, writes TAYO OLANIPEKUN.    Some of the …

TAYO OLANIPEKUN The need for government to improve its investment in the agricultural sector and make farm inputs more accessible to the smallholder farmers has been emphasized. The move is also seen as a way out of famine declared in some parts of the country and to stir the economy away from its present state. Findings by National Wire showed …

NASS Expenditure On Travels, Meals, Generators A Call For Restructuring-Analysts    Having remained a one-liner document shrouded in secrecy for many years, details of the Budget of Nigerian National Assembly goes into public domains this year and while many feel the expenses are outrageous, others see it as a call for political restructuring, writes TAYO OLANIPEKUN.    Some of the …