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Olalekan Adetayo, Abuja As of September 30, 2016, the Federal Government’s indebtedness to local creditors stood at N10.8tn, while external debt was $11.5bn. The Minister of State for Budget and National Planning, Zaynab Ahmed, disclosed this at the presentation of the budget implementation and performance monitoring report for the third ...

Ifeanyi Onuba, Abuja The Central Bank of Nigeria on Tuesday carried out a wholesale intervention in the interbank foreign exchange market with the release of $370.8m to 23 Deposit Money Banks. The amount, which was confirmed in a statement by the Acting Director, Corporate Communications, CBN, Isaac Okoroafor, was to ...

Oyetunji Abioye with agency report The Federal Government is seeking to borrow at least $1bn from the World Bank and another $1.3bn from China’s Export-Import Bank, the Minister of Finance, Mrs. Kemi Adeosun, has said. Officials said the country was planning to finalise its proposal to the World Bank this ...

Oyetunji Abioye The naira recorded slight gain on Tuesday and closed at 512 against the United States dollar on the parallel market, a day after the Central Bank of Nigeria introduced a new foreign exchange policy action. The CBN had on Monday announced its decision to begin sale of $1m ...

If it is within the context of community and social development projects, it has little or no impact on our projects.  Our foreign currency, which is in United State dollars, comes from the Central Bank of Nigeria. It is converted at official exchange rate and we carry out our projects ...

Punch Editorial Board Ending the barbaric culture of Female Genital Mutilation in Nigeria is a task that should challenge the resolve of the government and people of the country. Despite taking an important step to enact a law banning FGM in 2015, Nigeria still faces an immense battle to ensure ...

ONE hundred and seventy-one Nigerian returnees from Libya yesterday arrived at the Murtala Muhammed International Airport, Lagos, recounting their ordeal.. The returnees were received by Special Adviser to the President on Diaspora and Foreign Affairs Mrs. Abike Dabiri-Erewa, who cautioned Nigerians to desist from dangerous search for greener in Libya. ...

The Federal Government wants to borrow at least $1 billion from the World Bank and to sign within months for a $1.3 billion loan from China to fund railway projects, Finance Minister Kemi Adeosun said yesterday. The economy needs to plug a gap in its record N7.3 trillion ($23.17 billion) ...

The Republic of Finland has trained Nigerian student on creative coding in Abuja students. The collaboration is part of the CodeBus Africa project, a 100-day tour connecting Finnish and African innovators as part of Finland’s official 100th anniversary celebrations in partnership with the Finnish Aalto University and Abuja-based innovation hub ...

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has averred that human capacity development initiative is a panacea to the growing unemployment rate in the economy. The DG who said this at the first annual lecture of Swaaya Limited, publishers of Freedom Online ...