The Ondo State Government has disbursed a sum of N166 million as soft loans to members of over 21 groups of traders, artisans and business owners....
Some communities in Delta State on Thursday shut down some oil stations around them in demonstration of their anger towards oil stations’ operations without consideration for...
The Port Harcourt Electricity Distribution Company has revealed plans to engage collection agents who will visit costumers’ homes with Point of Sale (PoS) terminals to ease...
The National Information Technology Development Agency (NITDA) says it is unafraid of regulatory friction with the Nigerian Communications Commission (NCC) in the implementation of its Nigeria...
The Nigerian National Petroleum Corporation (NNPC) has said it will not alter the production adjustments agreed upon between Organisation of Petroleum Exporting Countries (OPEC) and Non-OPEC...
The Securities and Exchange Commission (SEC) on Wednesday disclosed that it was taking steps to reduce transaction costs in the Nigerian capital market, to shield investors...
Former Presidential candidate of the Young Progressives Party (YPP), Kingsley Moghalu has faulted President Muhammadu Buhari’s directive to the Central Bank of Nigeria (CBN), on non-provision...
Perhaps, Nigeria (for once) is getting it right as its billionaire businessman, Aliko Dangote, attempts to dabble into the oil production business, a sector that has...
The Nigerian Stock Exchange is set to list an additional 10 million units of the Greenwich Alpha Exchange Traded Fund on its Daily Official List. The...
Senate President Ahmed Lawan has recommended that the Nigerian government sell its 40% share in electricity distribution companies (DisCos) to foreign investors. According to Lawan, the...
The National Chairman of the Host Communities of Nigeria Producing Oil and Gas (HOSCON), Dr Mike Emuh, has revealed that about 10 modular refineries would soon...
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) is to collaborate with the Nigerian Communications Commission (NCC) in the areas of economic...
Founder and Chairman of Zenith Bank, Jim Ovia, has reportedly lost about $64 million in the last six months as the stock price of his bank...
Investors in the nation’s stock market recorded a slight gain of N7 billion on Thursday as the market capitalisation of equities increased to N13.365 trillion from...
The total assets under the Contributory Pension Scheme (CPS) rose to N9.32tn as of the end of June 2019, Figures obtained from the National Pension Commission...
The World Bank has declared that it has so far spent around $11 billion over the years on projects across Nigeria. Country Director of the World...
The Economic and Financial Crimes Commission (EFCC) has reiterated the need for a working relationship among government agencies as a tool to help the Asset Management...
Without getting too carried away by merits of a development, it is crucial for us as experts not only to consider but equally analyse its demerits...
The Federal Government, the government of Morocco and international oil companies on Wednesday met in Abuja over the construction of the proposed Gas pipeline running from...
A report by the National Bureau of Statistics (NBS) has shown that the volume of Premium Motor Spirit (PMS) also known as petrol imported into the...
The international oil benchmark, Brent crude, against which Nigeria’s oil is priced, fell by $2.60 to $56.34 per barrel as of 8.10pm on Wednesday. The oil...
Vice President Yemi Osinbajo on Tuesday promised the mobilisation of $300m to support investment and boost business in the agricultural sector in the country. He said...
The Nigerian Export-Import Bank (NEXIM) on Tuesday said it had, within the last one year, approved loan applications worth N55bn for exporters in the country. This...
The Federal Government said 299,615 jobs were created and 209,464 metric tonnes of food provided with the first phase of its $175m Agricultural Transformation Agenda Support...
The Nigerian National Petroleum Corporation, NNPC, has that it would soon publish its outstanding audited account in line with its commitment to accountability and transparency. This...
The Chairman, Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Elias Mbam, has disclosed plans by the Nigerian government to review the revenue sharing formula for Federal,...
Like democracy, business is failing in Africa’s most populated country, Nigeria. This is not ill-stating, neither a taunt to paint the nation in the red before...
There appears to be a brewing challenge for Nigeria, as Brent Crude on Monday slipped below its $60 per barrel budget benchmark for the 2019 appropriation...
The Nigeriam National Petroleum Corporation (NNPC) is targeting to end fuel importation into the country by 2023 with the use of technology. NNPC boss, Mele Kyari...
The naira on Monday closed trading at N362.57 to the dollar at the parallel market in Lagos. Turnover at the window stood at 293.60 million dollars....
The Asset Management Corporation of Nigeria (AMCON) has taken over two companies, Bao Yao Futurlex Iron & Steel Company Limited, Abuja and Bao Yao Huan Jian...
The microfinance bank industry recorded 5.2 percent decline in non-performing loans to N25 billion in 2018, from N26.18 billion in 2017. The industry, however, struggled in...
Telecommunications giant MTN Nigeria, has agreed to the existence of a technical disagreement between it and the Federal Inland Revenue Service (FIRS) on how the 2015...
The Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has announced the suspension of its planned nationwide strike scheduled to begin next week. The suspension...
The Director-General of the Bureau of Public Enterprise, BPE, Mr. Alex Okoh, has encouraged Nigerians in the Diaspora to key into Federal Government’s privatization programme and...
The Nigerian National Petroleum Corporation (NNPC) on Thursday expressed its desire to extend Nigeria’s trade relations with Turkey beyond crude oil. The Group Managing Director of...
The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari, has said that foreign invesment flow into the sector will continued to be...
Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Wednesday issued a seven-day strike notice to the Federal Government to compel Chevron Nigeria Limited (CNL)...
The Nigeria Deposit Insurance Corporation (NDIC) in its 2018 report released on Wednesday said the banking industry recorded 106 per cent increase in profitability to N310...
The President and Chief Executive Officer, of Dangote Group, Aliko Dangote has said the yet-to-be completed 650,000 barrels per day capacity refinery being constructed would be...
President Muhammadu Buhari on Wednesday assured that the African Continent Free Trade Area (AfCFTA) treaty would not affect the interests of manufacturer in the country. He...
The Permanent Secretary, Special Duties, Ministry of Finance, Dr. Mohammed Dikwa has said the Federal Government has so far saved N500 billion by blocking leakages in...
A report by the Nigerian Investment Promotion Commission, NIPC, has revealed that the Nigerian economy recorded a total investment commitment of $15.15 billion in the first...
The Nigerian National Petroleum Corporation (NNPC) has said that it is unnecessary for it to pay the 60 per cent ($1.8bn) lease renewal fees, which is...
The National Information Technology Development Agency (NITDA) has extended till October 25 the deadline given to banks, telecommunications operators and others to submit data audit reports...
Vice President Yemi Osinbajo has disclosed that the Nigerian government has set up a task force to ensure effective recovery of over N5 trillion being outstanding...
Scrap is a key manufacturing input for Nigeria, Africa’s most populous country, and the recycling industry is contributing to the economy, creating jobs and lifting people...
Data obtained on Monday from the Nigeria Inter-Bank Settlement System (NIBSS) has revealed declined transactions on Point of Sales terminals all over the country. This decline...
A crude oil processing facility acquired by Dangote refinery has set sail from China, Sinopec Corporation said on Monday. With a projected capacity of 650,000 barrels...
Investors at the Nigerian Stock Exchange (NSE) gained N15.5bn on the first trading day of the week. All Share Index gained 8bps to settle at 27,950.36...
