archiveJanuary 2018

Nigeria's foreign exchange reserves stood at $40.56 billion as of Jan. 29, up 4.6 per cent from a month earlier, central bank data showed on Wednesday. Successful debt sales, including multiple Eurobond offerings last year, have helped the government accrue billions of dollars in foreign reserves, although they remain far...

A new political group, Coalition for Nigeria Movement (CNM), was on Wednesday unveiled in Abuja. The News Agency of Nigeria (NAN) reports that the move may not be unconnected to the call by former President Olusegun Obasanjo’s charge on the need for a Coalition for Nigeria. The Acting Chairman of...

  President Donald Trump gave his first State of the Union address on Tuesday. Read the President’s speech as prepared for delivery and released by the White House: Mr. Speaker, Mr. Vice President, Members of Congress, the First Lady of the United States, and my fellow Americans: Less than 1...

  A letter from President Muhammadu Buhari was delivered to the Senate on Wednesday to explain the efforts the administration has so far made to end the killings by suspected herdsmen in Benue State. The President’s letter was in response to the Senate’s resolutions on the spate of insecurity in...

The Senate, on Wednesday, resolved to investigate the low remittance by the Joint Admissions and Matriculation Board (JAMB) into the federation account before 2016. The resolution was sequel to the adoption of a motion under matter of urgent public importance, moved by Sen. Dino Melaye. Moving the motion, Melaye said...

The Chairman, Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, said the Service collected N4.03 trillion revenue in 2017. A statement by the Head, Communications and Servicom, FIRS, Wahab Gbadamosi, on Wednesday said that Mr. Fowler made this known when he led a delegation to the palace of Oba of...

  A socio-cultural movement, Save Ijaw Nation Group (SING) has commended Governor Henry Seriake Dickson of of Bayelsa State for his consistency in the agitation for the restructuring of Nigeria as the political temperature of the country for 2019 general election heats up. According to SING, Dickson had been consistently...

BudgIT expresses dismay at Nigeria’s current position on fiscal transparency and public participation in the budget process as Africa’s largest economy has apparently taken steps backwards despite persistent advocacy by citizens and repeated promises by the government to improve. Nigeria slips into 90th place behind Zimbabwe and Afghanistan on the...

Oil prices fell for a third day on Wednesday after data from an industry body showed U.S. crude stocks rose more than expected last week, while a selloff in other commodities, stocks and bonds added to investors’ bearish mood. Brent crude, the global benchmark, was down 22 cents, or about...

In furtherance of its reform agenda to boost the business environment in the country, the Federal Government will be commencing a 60-day National Action Plan (NAP 3.0) starting from 5th February to 5th April 2018, to drive the ease of doing business initiative of the Buhari Presidency. The Presidential Enabling...