Nigeria’s foreign capital inflow drops to $9.68bn, hit four-year low

Foreign capital flow into Nigeria plummeted by more than half in 2020 to $9.68bn, its lowest level in four years, the National Bureau of Statistics said on Friday. The NBS,…

FG targets N189.5bn from marginal oilfield bid round

The Federal Government is expecting to generate at least $500m in revenue (N189.5bn) from the ongoing marginal field bid round, the Department of Petroleum Resources has said. The DPR also…

Cryptocurrency: Withdraw your naira as early as possible —Binance

The founder and CEO of cryptocurrency exchange, Binance, Changpeng Zhao has reacted to the order by the Central Bank of Nigeria which prohibits commercial banks and all non-banking financial institutions…

Experts kick as CBN orders closure of crypto accounts

The Central Bank has ordered banks and other financial institutions to identify persons and entities operating crypto currency exchanges and close all such accounts. This drew the ire of experts…

‘PDP must win Anambra to shame critics’

A governorship aspirant for the November 6 Anambra Governorship Election on the platform of the Peoples Democratic Party, Ugochukwu Okeke, has urged the party to win the November 6 poll…

APC membership registration constitutional, Buni replies Akande

The Chairman Caretaker/ Extra-Ordinary National Convention Planning Committee of the All Progressives Congress, Governor Mai Mala Buni, has said the ongoing membership registration and revalidation exercise was in line with…

As Moghalu, Uba, Soludo, others battle for Anambra gov tickets

It is indeed a renewed battle for the Anambra State Government House and the struggle for party tickets by some of the state’s leading politicians Before the release of the…

2023: INEC links planned new polling units to COVID-19, others

The Independent National Electoral Commission has said the emergence of the COVID-19 pandemic, increased voter population and difficult terrain, among others, have made creation of additional polling units inevitable. INEC…

World Bank approves $500m to support Nigeria’s power sector

THE WORLD BANK ANNOUNCED ON FRIDAY THAT IT HAD APPROVED $500M TO SUPPORT THE GOVERNMENT OF NIGERIA IN IMPROVING ITS ELECTRICITY DISTRIBUTION SECTOR. The bank said the project would help…

FG deploys probe panels in 47 tertiary institutions

The Federal Government has released the list of visitation panels to 25 federal polytechnics and 21 colleges of education as approved by the President, Major General Muhammadu Buhari (retd.). The…