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Monday, February 26, 2018


NaijaFab Business News

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...

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...

CBN Governor: China to start importing from Nigeria

The CBN Governor, Godwin Emefiele, said the Federal Government is talking with China to start importing some of its own items from Nigeria. According to...

Buhari: FG borrows N600billion monthly to survive

President Muhammadu Buhari disclosed that the Federal Government borrows an average of N600 billion monthly to augment what it gets from the Federation Account...

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...

Experts predict new forex rate at $1 to N280

As Nigerians await the new forex rate which takes effect tomorrow, Experts have predicted that the new interbank forex trading rate will range between...

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...

Fuel scarcity: Oil marketers stop importation due to $1b debt

The fuel scarcity experience may last longer as marketers have stopped importation due to a $1 billion debt. Speaking with newsmen yesterday, the Executive Secretary,...

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...

New forex policy begins on Monday June 20

Central Bank of Nigeria (CBN) yesterday kept to its promise of liberalising the foreign exchange market when it unveiled the long-expected new forex regime. The...

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