The Manufacturers Association of Nigeria (MAN) has alerted that the implementation of the cashless policy may have negative effects on the Micro, Small and Medium Enterprises...
Power generation companies (Gencos) have petitioned Nigerian Electricity Regulatory Commission (NERC), the Presidency and other relevant agencies of government over over a recent administrative charge imposed...
If the plan sails through legislative scrutiny, the Federal Government will be borrowing a fresh N4.6tn within the next three years, covering 2020 to 2022 to...
President Muhammadu Buhari on Tuesday said Nigeria will soon experience good and steady electricity supply as efforts have been put in place to ameliorate power challenges....
Rivers State government has acquired the 45 per cent interest of Shell Petroleum Development Company of Nigeria in Oil Mining Lease 11 located in Ejama Ebubu...
The integrity of the Nigerian banking system may have been strengthened given a reduction witnessed in the percentage of non-performing loans. Figures from Nigeria Bureau of...
Several car dealer shops were shut down across Lagos on Sunday by the Nigerian Customs Service. The raid affected some major operators like Coscharis, Globe Motors,...
The National Health Insurance Scheme (NHIS) on Sunday made attempts to calm frayed nerves over allegations that funds belonging to the organisation may have been stolen...
The Federal Airports Authority of Nigeria (FAAN) on Sunday said it has started rehabilitation of the Akanu Ibiam International Airport, Enugu runway. FAAN had 36 days...
Hello, it’s Sunday again. And, here is another serving of Business Wrap, a featured post highlighting some of the major events that unfolded during the week...
Vice-President Yemi Osinbajo on Friday said the Federal Government was in discussions with the National Pension Commission for operators of the Contributory Pension Scheme to provide...
The Minister of Aviation, Senator Hadi Sirika, on Friday said the Federal Government was working to ensure that air travel is the preferred mode of transportation...
Calabar Port Complex has received its maiden Marguisa Shipping Line’s container vessel, over 13 years after it was concessioned. The draft limitations on the channel has...
Nigeria has been ranked as one of the top 20 countries that improved in carrying out reforms in the Ease of Doing Business. This is according...
In 2008, the American economy was collapsing. Like Nigeria, just after the emergence of Muhammadu Buhari as president in 2015, they (the U.S.) struggled with an economic contraction...
Comptroller-General of Nigeria Customs Service, retired Col. Hameed Ali, has explained that the closure of nation’s borders by Federal Government was not intended to hurt anyone....
The Nigeria Deposit Insurance Corporation Thursday said it had started paying depositors of 154 Micro Finance Banks that the Central Bank of Nigeria revoked their licences...
Energy experts and scholars like me have long wondered what the impact would be from a major attack on Saudi Arabia’s oil facilities. For decades, the...
When Europe’s current seventh most valuable company, Unilever, was founded in September, 1929, following the merger between Dutch margarine producer, Margarine Unie and the British soap...
Nigerian environmental activists, under the aegies of National Interest Defenders, have dragged Shell Petroleum Development Company to court over an alleged under-declaration and non-remittance of over...
The Nigerian Senate on Wednesday received the 2020 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) from President Muhammadu Buhari. President Buhari submitted the...
Vice-President Yemi Osinbajo, on Tuesday, said that the Federal Government had spent N5tn on the power sector despite privatisation, six years ago. He also said no...
The Central Bank of Nigeria (CBN), on Tuesday, urged the judiciary to lend a helping hand towards ensuring that bank debtors pay back what they owe....
A UN Speacial Rapporteur on Rights to Adequate Housing,Ms Leilana Fartha, has called on the Federal Government to impose luxury vacant home tax in the country...
News around the office of Vice President Yemi Osinbajo appear not to be abating with recent claims by opposition politician, Timi Frank, alleging that the nation’s...
Four major banks in the country have incurred the wrath of the Central Bank of Nigeria (CBN) and the Financial Reporting Council of Nigeria, as they...
The minister of transportation, Rotimi Amaechi, on Monday, assured that commercial activities on the Lagos-Ibadan Standard Gauge train line will commence this November. The minister spoke...
The CBN, in what some have labeled an intended ridiculous extortion, in a statement issued through its Payments System Management Department announced that the new policy on cash-based transactions stipulates a cash handling charge on...
There are indications that more retirees in the country have opted for annuity plans with insurance companies in the country as the industry is revealed to...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said that a total of N28.58 trillion was remitted to the Federation Account between 2012 and 2016, from mineral...
Human Rights Lawyer, Femi Falana, has kicked against any increase in Value Added Tax (VAT) until the National Assembly carry out an amendment into the VAT...
The World Bank has advised Nigeria on what to do in order to address issues of its large number of citizens living in extreme poverty....
The Minister of State for Petroleum Resources, Timipre Sylva on Friday listed the priority areas the ministry and other departments and agencies under him would focus...
The Central Bank of Nigeria (CBN) has said it would continue to implement the cashless policy in line with its mandate to ensure an efficient payment...
Discerning brands take stock periodically. When it’s not a name change, it could be a tinkering with its creative identity. In all cases, the initiative aims...
The Central Bank of Nigeria (CBN) on Friday decided to retain the Monetary Policy at 13.5 per cent. The MPR is the rate at which the...
Several frauds in the Nigerian power sector were finally exposed on Thursday by a report released by the Centre for Health Equity and Justice. The report...
A total sum of N740.88 billion was shared among the Federal, states and Local government on Thursday as federal allocation for August. This was disclosed in...
Governors of states across the nation on Wednesday gave the condition under which the N614bn loan given to them by the Federal Government would be repaid....
The Speaker of the House of Representatives, Femi Gbajabiamila, on Wednesday insisted that Nigerians must get value for electricity bills they pay. He warned electricity distribution...
Nigeria Exports Processing Zones Authority (NEPZA), on Wednesday, said it may resolve to revoke the licenses of inactive Free Trade Zone (FTZ) in the country. This...
The increase in mobile technology and adoption is constantly dictating the way people transact. Mobile technology has had a positive influence on the growth of e-commerce,...
Vice-President Yemi Osinbajo on Tuesday took the bull by the horn to recover the N5 trillion debts owed the Asset Management Corporation of Nigeria (AMCON). This...
The newly introduced charges on bank deposit by the Central Bank of Nigeria (CBN) is expected to kick off today. According to the new policy, bank...
The quarterly meeting of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has been rescheduled to Thursday and Friday this week. The meeting was...
Microsoft founder, Bill Gates has decried Nigeria’s low domestic revenue, describing it as one of the lowest in the world at just six per cent of...
The Nigerian Communications Commission (NCC) has been given September 26, 2019 to rectify all improperly registered subscriber identity module (SIM) cards in the country. Minister of...
Lagos State governor, Babajide Sanwo-Olu and members of the House of Representatives, on Monday, implored the Federal Government to approve the operation of the Lekki and...
Reactions have continued to trail the decision of the Federal Government to increase Value Added Tax from 5 per cent to 7.2 percent in the country,...
A proposed bill to regulate the carriage of goods by land in order to reform the sector is underway, so says the Nigerian Shippers’ Council. The...
