President Muhammadu Buhari has warned member countries of the Economic Community of West African States against hasty implementation of the single currency programme being planned for the sub-region by 2020. He issued the warning on Tuesday during the fifth meeting of the Presidential Task Force on the ECOWAS Currency Programme in Accra, Ghana Buhari was […]

The naira closed at 362 per United States dollar at the parallel market on Wednesday, two days after the Central Bank of Nigeria injected $210m into the foreign exchange market. The local unit had closed at 363/dollar on Tuesday. The naira has been trading between 360 and 363 in recent weeks as the CBN continues […]

The House of Representatives heard on Wednesday that the revenue collection contract between the Nigerian Ports Authority and Integrated Logistics Services Limited hugely favoured the latter such that the firm determined the Federal Government’s share. The NPA and Intels signed a two-legged agreement in 2010 allowing the firm to collect revenue on behalf of the […]

The Independent Petroleum Marketers Association of Nigeria has warned that the ongoing scarcity of petrol, which started since December 2017 may continue if the right steps are not taken by the authorities to address the problem. The Chairman, IPMAN, Western Zone, Mr. Debo Ahmed, who gave this indication, also said the NNPC had no capacity […]