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In less than one week, the naira has gained over N85 against the dollar – thanks to the increased liquidity in the foreign exchange market. The currency exchanged for N430 to the greenback yesterday at the parallel market. It was N460 to the dollar at the weekend. The Central Bank ...

The blame game continued yesterday in the troubled Peoples Democratic Party (PDP). A faction of the main opposition blamed the reopening of its national secretariat for Chairman Ali Modu Sheriff on the police, which it accused of taking sides. Besides, the party accused the ruling All Progressives Congress (APC) of ...

•Bikes may be banned in Lekki, VI  Over 4000 commercial motorcycles seized for flouting the Lagos State Traffic Law 2012 will be crushed and recycled, Police Commissioner, Fatia Owoseni said yesterday. The law prohibits Okada and tricycles also known as Keke Marwa from operating in at least 495 of the ...

The immediate past Minister of Environment, Amina Mohammed, will be sworn-in today as the deputy secretary-general of the United Nations at the UN Headquarters in New York. Mohammed, who was appointed by the UN secretary-general, António Guterres on December 15, 2016 as his deputy, was supposed to assume office on ...

In what is called a ‘Gas Revolution,’ and following the renewed interactive engagements of the Federal Government with oil-producing communities in several states in the Niger Delta region, a plan to put in place a gas industrial park that is valued at about $20billion through a Public-Private Partnership model is ...

It became clearer in the forex market yesterday that Nigeria’s local currency, the naira, may be on a permanent journey back to its former value, put at less than N300 to the dollar. This is coming just as the Central Bank of Nigeria (CBN) has released fresh $180 million into ...

In what is called a ‘Gas Revolution,’ and following the renewed interactive engagements of the Federal Government with oil-producing communities in several states in the Niger Delta region, a plan to put in place a gas industrial park that is valued at about $20 billion through a Public-Private Partnership model ...

The National Security Adviser (NSA) Federal Republic of Nigeria Major General BM Monguno (Rtd) has said that the economic performance of every nation is a major pointer to its development stride. General Monguno stated this in his keynote address at an international conference on Defence, Security, Economy and Development in ...

In keeping with its determination to increase liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) on Monday released another $100m into the wholesale forwards segment of the market and pumped an additional $80m into the banks specifically for the settlement of dollar demand for school fees, ...

The Trade Union Congress of Nigeria has expressed  serious concern over the ongoing xenophobic attacks against foreigners in South Africa and called  for the immediate recall of the country’s High Commissioner to the country.This was contained in a statement signed by the President General of TUC, Comrade Bobboi Bala Kaigama ...