News

New Buses Coming into Lagos in Batches

It was an iconic sight to behold as new buses adorned some of the recently constructed Bus Terminals in Lagos for the take off of the Bus Reform Initiative of the state government designed to bequeath a world class transportation system and enhance connectivity across the state. Apart from adding …

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Forex: CBN gives retail SMIS $343.06m boost

The retail Secondary Market Intervention Sales (SMIS) has received a boost of $343.06 million from the Central Bank of Nigeria (CBN), following the Bank’s intervention in the Foreign Exchange market on Thursday, June 14, 2018. Figures obtained from the Bank indicate that the amount released was for requests in the …

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National Assembly divided over Buhari, IGP Idris

A member of the House of Representative, Muhammed Kazaure, has said that his colleagues cannot impeach President Muhammadu Buhari as they threatened on Tuesday. Addressing a press conference shortly after a closed-door session of the National Assembly, Mr Kazaure said he and his other colleagues who are in support of …

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Kenya Flags off Oil Production, Export

Kenya’s President Uhuru Kenyatta Many Kenyans have taken to the streets to celebrate as the country become one of the global oil producers. The country on Sunday flagged off the transportation of the first oil barrels. President Uhuru Kenyatta led a host of local leaders to celebrate the feat that …

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Banks’ average daily loan request from CBN hit N216b

Commercial banks’ average daily loan requests from the Central Bank of Nigeria (CBN) stands at N216.34 billion due to the apex banks’s tough monetary policy, according to a CBN’s Financial Market Department Annual Activity Report. The Monetary Policy Rate (MPR) – benchmark interest — has remained at 14 per cent …

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