A report released by the National Bureau of Statistics (NBS) has revealed that prices of goods and services increased from 11.37 percent in April to 11.40...
Average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased by -0.90% month-on-month and -2.13% year-on-year to N2,028.04 in May...
The African Development Bank (AfDB) has said that the Nigerian government is yet to sign the Continental Free Trade Area (CFTA) agreement because of lack of...
The Director-General of the National Automotive Design and Development Council (NADDC), Jelani Aliyu, on Sunday said the Federal government has rolled out N11 billion loan to...
A data released by the Manufacturers Association of Nigeria (MAN) has shown that Oyo, Ondo, Osun, Ekiti, Rivers, Kwara, Kogi, Lagos, Ogun and Kano are states...
The Federal High Court sitting in Lagos has adjourned till June 24, hearing in the case between Oando Plc’s Group Chief Executive Officer, Mr Adewale Tinubu,...
Chevron Nigeria Limited (CNL) has appealed to the residents and stakeholders in Ekeremor Local Government Area of Bayelsa to allow the implementation of its Gobal Memorandum...
The Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has disclosed a directive by President Muhammadu Buhari ordering the blacklisting of companies importing restricted...
Shell Petroleum Development Company (SPDC) said it lost a total of 11,000 barrels per day to oil theft in 2018. Disclosing this on Thursday at a...
The Central Bank of Nigeria (CBN) has concluded plans with Deposit Money Banks (DMBs) to disburse funds under the Creative Industry Financing Initiative (CIFI) The decision...
The Maritime Union of Nigeria has given a two-week ultimatum to the Federal Government to compel the International Oil Companies to pay all outstanding bills on...
The Kano Electricity Distribution Company (KEDCO) has set up a joint task force to fight against the stealing and damage of its installed equipment. The Managing...
The Nigeria Customs Service (NCS) has hinted on plans by the Federal Government to relax the ban placed on importation of vehicles through the nation’s land...
The people of Amazor Community in Ekeremor Local Government Area of Bayelsa State who were affected by the May 2018 Trans Ramos Pipeline Oil Spillage have...
The Nigerian Ports Authority (NPA) on Tuesday announced a 10% discount on harbour dues in all concessioned terminals at the Eastern ports. This was disclosed by...
The Central Bank of Nigeria (CBN) has rolled out plans to sell Treasury Bills (TBs) worth N809.4 billion for the third quarter 2019, Q3’19. This is...
There are indications that Nigerians may have to pay more for electricity as the federal government embarks on plans to boost the operations of electricity Distribution...
The Securities and Exchange Commission (SEC) on Monday announced the suspension of the Tuesday Annual General Meeting (AGM) of Oando Plc. Following the suspension of top...
The Securities and Exchange Commission (SEC) over the weekend maintained that it followed due process in the investigation of Oando Plc. In a statement by its...
The Central Bank of Nigeria (CBN) has lamented the economic backwardness faced by the nation despite its brilliant policies. The bank highlighted smuggling and dumping of...
The Nigerian National Petroleum Corporation, NNPC, has revealed that the importation of Premium Motor Spirit, also known as petrol, into Nigeria, through its Direct Sale Direct...
The Federal Airports Authority of Nigeria (FAAN) has closed down some sections of the Murtala Muhammed International Airport with effect from Friday. The agency’s General Manager,...
Ibom Air, the first commercial airline to be owned and operated by a state government in Nigeria and Africa, will begin full commercial operations on June...
In adherence to the directive by the Nigerian Financial Intelligence Unit (NFIU) which has barred state governments from spending funds meant for local governments, banks have...
Former Minister of Communication, Adebayo Shittu, has denied claims he took bribe from Mobile Telecommunication Network (MTN) to influence the reduction of the fine imposed on...
The Bureau of Public Enterprises (BPE) on Thursday denied any link with purported ongoing verification of former workers of the defunct Power Holding Company of Nigeria....
The Department of Petroleum Resources (DPR) on Thursday announced that it has revoked Oil Mining Licences and one Oil Prospecting Licence belonging to five companies. One...
A Federal High Court in Lagos on Thursday, adjourned until June 19, hearing in a debt recovery suit filed by the Federal Government, against Shell Western...
Ghanaian’s Ministry of Railways Development in Accra has pulled out of its agreement with the China Railway Construction Corporation (international) Nigeria Limited. Consequently, the ministry has...
The African Development Bank (AfDB) has barred Qualitrends Global Solutions Nigeria Limited, a construction Company registered in Nigeria, for 36 months. The bank made this known...
The governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has expressed worries over the current state of Nigeria’s economy. Emefiele who just began his...
A Federal High Court, sitting in Lagos, Monday, restrained the Securities and Exchange Commission from giving effect to its decision on Oando Plc. It would be...
Market capitalization on the trading floor of the Nigerian Stock Exchange (NSE) declined by N61.2 billion to close at N13.6 trillion on Monday while year-to-date (YTD)...
Nigeria Inland Waterways Authority (NIWA) said it has signed a Memorandum of Understanding (MoU) with the Nigeria Export-Import Bank (NEXIM) and SEALINK Promotional Co. Ltd to...
The police on Monday laid siege to the headquarters of Oando Plc located on Ozumba Mbadiwe Avenue, Victoria Island, Lagos. Members of staff of the company...
A release by the National Bureau of Statistics (NBS) has revealed that non-performing loans in the banking sector for March, 2019 stands at N1.676tn. A further...
After ordering the resignation of some of its board members, the Securities and Exchange Commission (SEC) has constituted an Interim Management Team to oversee the affairs...
The National Bureau of Statistics (NBS) has said a total of 557,083,712 electronic-payment transactions valued at N34.02 trillion were recorded for the first quarter of 2019...
Nigeria’s Foreign Exchange Reserves increased to $45.090 billion in May from $44.790 billion in April of 2019, according to the latest statistics from the Central Bank...
The Director-General, (DG), Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Dr. Dikko Umaru Radda, has decried the attitude of Nigerian SMEs towards taking advantage...
The management of Oando Plc has challenged the Securities and Exchange Commission’s verdict on the outcome of the Forensic Audit into the company. Oando says it...
MTN Nigeria Communications Plc, has paid the sixth and final installment of N55 billion to the Nigerian Communications Commission (NCC). This completes MTN’s payment of the...
The Securities and Exchange Commission (SEC) has barred the Group Chief Executive Officer of Oando Plc, Wale Tinubu, and his deputy, Omamofe Boyo, from being directors...
Civic organization, BudgIT has said Nigeria’s economy suffered a total loss of N159 billion due to failed refineries between 2017 and 2018 during the first term...
Today (May 31) is the deadline given to telecommunications company, MTN Nigeria Plc to complete the N330 billion SIM registration fine slammed on it by the...
Governor Kayode Fayemi of Ekiti State on Thursday demanded the construction of a 330 KV substation by the Transmission Company of Nigeria (TCN) to boost power...
The Niger Delta Budget Monitoring Group (NDEBUMOG) and Oxfam International have accused the federal and state governments of protecting the rich who evade taxes while the...
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASAN) on Wednesday warned against attack on oil facilities in the Niger Delta region. The union,...
The longtime struggles of pensioners of the defunct Nigeria Airways appears to be paying off as President Muhammadu Buhari has approved the sum of N22.6 billion...
The Securities and Exchange Commission, SEC, has expressed worries by the Nigerian government over inability to achieve its revenue targets in the midst of pressing critical...
