A Professor of Economics at Covenant University, Ota, Jonathan Aremu, has said Nigeria must place equal emphasis on importation to maximally gain from the Africa Continental Free Trade Agreement.
Aremu made the call recently while presenting a paper titled ‘Accelerating the AfCFTA Implementation in Nigeria’.
The academician, who is a former Assistant Director of Research at the Central Bank of…
Seplat Energy, on Thursday, said it had not received any official notification from the Federal Government reversing its proposed acquisition of the entire share capital of Mobil Producing Nigeria Unlimited.
The company also said it was seeking clarification from relevant…
Executive Vice Chairman, Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has said emerging technologies and advancements in the sector demand that the Commission is prepared to match these developments with appropriate regulations and guidelines.
With the…
President Buhari has reversed his approval of Seplat Energy’s purchase of ExxonMobil’s assets.
Special Adviser to the President on Media & Pubcity, Mr Femi Adesina, had, two days ago, said President Buhari approved the purchase of ExxonMobil share by Seplat.
Revealing the latest development, however, Special Assistant to the President on Media & Publicity, Mallam Garba Shehu, told an…
The Federal Government is set to make a total of N483.73bn in three years from electronic payment boom by way of the Electronic Money Transfer Levy.
This projection was made by the Budget Office of the Federation and revealed in its 2023 – 2025 Medium Term Expenditure…
The naira yesterday weakened against the dollar at the parallel section of the foreign exchange (forex) market.
Bureaux De Change operators (BDCs), popularly known as ‘abokis’, said the local currency depreciated by N15 or 2.3 per cent to trade at N680 per dollar at the…
The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances rose from N17.46tn in December 2021 to N19.91tn in June 2022.
According to data from the CBN, this shows that the Federal Government borrowed N2.45tn from the apex bank within six months.
The N19.91tn owed the apex bank by the Federal Government is not part of the country’s total public…
