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Saturday, June 23, 2018


NaijaFab Business News

Subsidy on petrol increases to N9.09/litre

The amount the Federal Government is subsidizing Premium Motor Spirit (PMS), also known as petrol, rose, yesterday, to N9.09 per litre, according to the...

Guardian Nigeria Lauches an ‘Online TV’ platform

Guardian TV will provide exclusive video interviews, as well as up-to-the-minute videos from across the world, and will be available on virtually any...

CBN to resumes dollar sales to BDCs

The Central Bank of Nigeria (CBN) will today resume dollar sales to Bureaux De Change (BDCs) seven months after it stopped the practice. It stopped...

Power supply set to get worse as militants bomb Chevron facility

Fears that power supply may get worse were rife yesterday after Wednesday’s bombing of a Chevron Nigeria Limited (CNL) major valve platform around Escravos...

CBN intervenes with Dollar sales, Naira weakens

Nigeria’s central bank has sold an undisclosed amount of hard currency on the interbank market to ease dollar shortages and provide importers the dollars...

Kemi Adeosun assures rebound, announces N248 billion capital release

The Minister of Finance, Mrs Kemi Adeosun, on Thursday assured that though Nigeria was technically in recession, measures were being taken to ensure a...

Kachikwu: Fuel importation will stop by 2019

Federal Government said to Nigerians that importation of Premium Motor Spirit (PMS) will stop by 2019 and Nigeria will become a net exporter of...

DMO: Nigeria’s debts hit N12trn

Director General of the Debt Management Of­fice (DMO), Dr. Abraham Nwankwo, has disclosed that the country’s external and lo­cal debts have risen to N12...

Amaechi: Okonjo-Iweala begged me not to say Nigeria was broke

Rotimi Amaechi, minister of transportation, has alleged that Nigeria went into recession under former President Goodluck Jonathan but that the government only covered it...

China gives Nigeria $6b loan to fund projects

“It is a credit that is on the table as soon as we identify the projects,” Onyeama said, adding: “It won’t need an agreement...

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