The Lagos State Government on Saturday announced a total ban on the operations of cart pushers and wheel barrow operators in the State, saying that their activities were inimical to the environmental cleanliness in the State. In a statement signed by the Secretary to the State Government (SSG), Mr. Tunji Bello, the State Government said […]

  The naira weakened to 364 per United States dollar at the parallel market on Monday, despite the injection of $210m into the interbank foreign exchange market by the Central Bank of Nigeria. This latest injection came barely two trading days after the CBN injected $262.5m into the inter-bank foreign exchange market. The CBN had […]

Insufficient supply of electricity is the major constraint to business activities across the country, the Central Bank of Nigeria has said. According to the CBN, the latest survey conducted by it on businesses in the fourth quarter of 2017 showed that 62.6 per cent of the surveyed firms identified inadequate supply of electricity as a […]

The Nigerian National Petroleum Corporation has commenced the direct supply of Premium Motor Spirit, popularly known as petrol, to independent oil marketers in order to effectively clear the fuel queues still prevalent in some parts of the country. It was gathered on Monday that members of the Independent Petroleum Marketers Association of Nigeria had started […]

International oil benchmark, Brent crude, hovered near a three-year high of over $70 per barrel on Monday on signs that production cuts by the Organisation of Petroleum Exporting Countries and Russia were tightening supplies. Brent, against which Nigeria’s crude oil is priced, rose to a high of $70.23 as of 7:45pm Nigerian time, while the […]