Naira devaluation likely soon due to oil price slump – Survey
Businessam Staff
March 13, 2020
The Nigerian central bank will be unable to maintain the naira’s value for much longer as a slump in oil prices drains foreign
FG releases N285bn for capital projects
Businessam Staff
March 13, 2020
The federal government has released N285billion for capital projects from the 2020 budget. Zainab Ahmed, the minister of finance,
Coronavirus will put severe strain on Nigeria’s budget – Finance minister
Businessam Staff
March 11, 2020
Zainab Ahmed, the minister of finance, budget, and national planning, has said the novel Coronavirus, which had led to a huge drop in
Buhari moves to remove Customs, other security agency heads over 295 tankers of smuggled fuel
Samson Echenim
March 1, 2020
By Samson Echenim President Muhammadu Buhari will removed heads of border Customs commands and other security agency heads involved in
BREAKING: Nigeria records first case of Coronavirus
Samson Echenim
February 28, 2020
By Samson Echenim The first case of Coronavirus in Nigeria has been confirmed in the country’s business capital, Lagos. Osagie
Reps to investigate NIMC over identification number
Omobayo Azeez
February 20, 2020
Omobayo Azeez with agency report The House of Representatives has directed its Committee on Population to investigate the National
FG mulls handover of power distribution to Siemens
Businessam Staff
February 20, 2020
The federal government is considering a proposal to take over power supply from the distribution companies (Discos) and hand it over
Customs to close supermarkets, shops selling foreign rice, others
Businessam Staff
February 20, 2020
Nigerian Customs Service has warned off supermarkets and shops in some parts of the country to stop patronising foreign rice and other
IMF cuts Nigeria’s 2020 growth projection to 2%
Businessam Staff
February 18, 2020
The International Monetary Fund (IMF) has revised downward its 2020 gross domestic product (GDP) forecast for Nigeria to two per cent,
Nigeria’s oil exports fall as explosion shuts pipeline
Businessam Staff
February 14, 2020
The nation’s oil exports have suffered a setback as an oil pipeline explosion forced the Nigeria Agip Oil Company, a subsidiary of