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Forex: CBN injects $317.52m, CNY 58.40m into Retail SMIS

Forex: CBN injects $317.52m, CNY 58.40m into Retail SMIS The Central Bank of Nigeria (CBN) has continued its intervention in the retail Secondary Market Intervention Sales (SMIS) by injecting a total of $317.52million in that segment of the market in addition to CNY58.40 million in the spot and short-tenored forwards segment. The figures obtained from […]

Allegation of Hidden $470.5m, Misplaced, Misleading-NNPC

Allegation of Hidden $470.5m, Misplaced, Misleading- NNPC The Management of the Nigerian National Petroleum Corporation, NNPC on Friday provided an informed perspective to the trending media report alleging that the Nigerian Police recovered $470.5 million and N8 billion NNPC funds hidden in commercial banks. The NNPC in a release by its Group General Manager, Group […]

Illicit Financial Flows: The Economy of Illicit Trade in West Africa

Resource Type: Filellicit Financial Flows-The Economy of Illicit Trade in West Africa.pdfPeople often say that criminal activity is like a balloon: if you squeeze at one end, the air will shift and pop up somewhere else. Similarly, you can try to crack down on smugglers – for example, by restricting their use of land routes – only to find they are using sea routes instead.

Oba Undergoes PDP Screening For House Of Reps

Oba Undergoes PDP Screening For House Of Reps The founder of the Olanrewaju Oba Youth Forum (TOOYF), Comrade Abdulmajeed Olanrewaju Oba has reaffirmed his confidence to be victorous at the primaries of People Democratic Party (PDP) to represent Asa/Ilorin West Federal Constituency. Oba made the disclosure after being screened by a seven-man committee at the […]

FG Seeks Farmers’ Support In The Bid To Reduce Local Rice Price

FG Seeks Farmers’ Support In The Bid To Reduce Local Rice Price The Federal Government on Thursday called for the support of farmers to make the price of local rice more affordable for Nigerians. The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, said this during a meeting with rice farmers, millers and processors. […]

World Bank Okays $60m For Rural Projects In Ogun State

World Bank Okays $60m For Rural Projects In Ogun State The World Bank Group, through the International Bank for Reconstruction and Development, has approved $60m grant for the implementation of rural and marketing projects in Ogun State. It was learnt that the approval was for the World-Bank assisted Rural Access and Agricultural Marketing Project in […]

Forex, Infrastructural Constraints Worsen Nigeria LPG Market Woes

Forex, Infrastructural Constraints Worsen Nigeria LPG Market Woes The continuous rise in the price of Liquefied Petroleum Gas (LPG), otherwise called cooking gas in Nigeria, may continue for a while if challenges relating to foreign exchange, infrastructure, and planning are not addressed now. More Nigerians may be forced to revert to alternative unclean energy sources […]

408 Defunct PHCN Workers Gets N1.05bn Labour Liabilities Payment

408 Defunct PHCN Workers Gets N1.05bn Labour Liabilities Payment A total of 408 workers of the defunct Power Holding Company of Nigeria or their next of kin have been verified and are set to receive N1.05bn, the Bureau of Public Enterprises has said. In a statement made available in Abuja on Thursday, the Director General, […]