Users of the Rivers and Onne Ports have complained about losses as a result of the arrest of port workers by the state COVID-19 task…
Nigeria has put in place policies to ensure foreign investors that want to repatriate funds can exit the country in an orderly fashion, the central…
The latest Energy Information Administration data shows that the United States cut its imports of Nigerian crude oil by 60.37 percent to 1.93 million barrels…
The International Maritime Bureau said Nigeria loses an average of 400,000 barrels amounting to $1.5 billion monthly to the activities of sea pirates. The loss,…
Nigeria will extend a ban on all flights by four weeks as part of measures to prevent the spread of the coronavirus, a government official…
The Nigerian government has promised the International Monetary Fund that residents in the country will pay a much higher tariff for power in 2021. This…
Data from the National Bureau of Statistics show that 82.9 million Nigerians lived below its poverty line of ₦137,430 ($381.75) per year. The figure represents…
The Nigerian government has assured the International Monetary Fund that fuel subsidy, which was recently removed, does not re-emerge. The Minister of Finance, Budget and…
The CBN has announced the resumption of dollar sales to commercial banks in view of the gradual easing of the coronavirus lockdown. The bank said…
The executive board of the International Monetary Fund has approved the sum of $3.4 billion as Rapid Financing Instrument as fiscal support to Nigeria during…