Nigerian National Petroleum Corporation said that it has realized the sum of $1.6bn from some companies swindling one of its subsidiaries. The Group Managing Director of...
Managing Director and Chief Executive Officer, Financial Derivatives Company Limited, Mr Bismarck Rewane has said Nigerians should be ready for a hike in pump price of...
Vice President Yemi Osinbajo has declared that no Nigerian has any reason to pay bribes to law enforcement agencies in order to obtain drivers licenses, passports...
Data from the Nigerian Electricity System Operator has revealed that power generation collapsed from 4,129.2 MW on Sunday to 2,441MW on Monday. This may not be...
The Association of Telecommunication Companies of Nigeria, ATCON, has called on the three tiers of government to harmonize existing policies and create an enabling environment in...
The House of Representatives’ Committee on Public Accounts, on Monday, accused the administration of President Muhammadu Buhari of not been prudent in the management of government...
The Accountant General of the Federation, AGF, Alhaji Ahmed Idris has revealed that the Treasury Single Account, TSA, has recorded over N30 trillion in transaction since...
Vice President, Prof. Yemi Osinbajo, has stated that the Federal Government will hence go tough on the institutions and individuals that are indebted to the Asset...
The Central Bank of Nigeria has reacted to a certain tape supposedly of a discussion between CBN Governor, Godwin Emefiele, his Deputy, Edward Adamu and some...
The Federal Government is about concluding arrangements with three commercial banks in the country for establishment of a single digit interest loans for buyers of new...
The Abuja Electricity Distribution Company (AEDC) on Friday said the sales of 900,000 meters for electricity users in the Federal Capital Territory (FCT), Kogi, Nasarawa and...
The Transmission Company of Nigeria, TCN, has said the nationwide blackout experienced in most parts of the country on Wednesday and Thursday following a collapse of...
Telecommunications giant, MTN Nigeria says its subscribers have hit 60.3 million in Nigeria. The company also said its service revenue increased by 13.4 per cent in...
President Muhammadu Buhari has nominated Godwin Emefiele for a second term in office as governor of the Central Bank of Nigeria (CBN). President of the Senate,...
There is palpable fear that total blackout may ensue in the country, especially as the national electricity grid collapsed again on Thursday morning at 5:30 am....
The Federal Inland Revenue Service (FIRS) has dismissed reports that money paid as taxes is missing from the agency’s purse. There were reports in some quarters...
The Securities and Exchange Commission (SEC) has approved the application by MTN Nigeria to list on the Nigerian Stock Exchange (NSE) by way of introduction. The...
The Federal Government has filed a Notice of Appeal, challenging the decision of a Federal High Court in Lagos, which dismissed a 55 million debt recovery...
The Western Metal Products Company (WEMPCO), owners of Lagos Oriental Hotel has debunked claims that it is planning to end its business operations in the country....
The Kaduna state governor, Nasir El-Rufai, has unveiled his plans to ensure that neighbouring countries start using the Kaduna Inland Dry Port instead of seaports in...
Nigeria’s Fidelity Bank has obtained a $50 million facility from the African Development Bank, AfDB, for the funding and promoton of the growth of Micro, Small...
Minister of Transportation, Rotimi Amaechi, has said that about $45 billion is needed to complete rail development in the country. Amaechi, made this disclosure on Tuesday...
Telecommunications giant, MTN on Tuesday completed listing on the Nigerian Stock Exchange (NSE) with a registration of 20,354,513,050 ordinary shares of N0.02 each with the Securities...
Stanbic IBTC Holdings PLC says its gross earning grew to 58.7 billion for the first quarter of 2019 compared to its earnings for 2018 in the...
The Securities and Exchange Commission (SEC) on Monday confirmed telecommunications giant, MTN for listing on the Nigerian Stock Exchange (NSE). The telecoms company recently changed its...
It has been revealed that the number of taxpayers in Nigeria, which was at 10 million in 2015, is about to hit 45 million in 2019....
The Federal Government has announced its readiness to inaugurate cargo train service to the Kaduna Inland Dry Port (KIDP). The service which is expected to reduce...
The National Association of Yam Farmers, Processors and Marketers has urged the Nigerian Government to help facilitate a trade treaty with a duty-free yam export to...
The National Pension Commission, PenCom, has revealed that about 16,536 private organisations were issued the commission’s certificate of compliance for the 2018 financial year. PenCom revealed...
The Nigerian Electronic Fraud Forum, NeFF, has disclosed that that a total of 63,895 bank customers in Nigeria between 2017 and 2018, lost N3.6bn to cyberfraud....
Nigerian National Petroleum Corporation (NNPC) on Sunday announced a trade surplus of N15.04 billion for January 2019. In a statement by its Group General Manager, Group...
The contractor for Oil Mining Lease 147 in production sharing contract with the Nigerian National Petroleum Corporation (NNPC) Pan Ocean Oil Corporation (Nigeria) Limited, says it...
The Federal Executive Council, FEC, has approved the construction and rehabilitation of 10 roads across the country at the sum of N169.74 billion. This was disclosed...
Nigerian Communications Commission (NCC) has tagged as untrue claims that 95.7 million subscriber identification module (SIM) data have been rendered invalid as a result of poor...
The Federal Government on Friday concessioned the 750 kilowatts (KW) solar power system to Proserve Energy Services Limited. The facility is designed to energise the Federal...
The acting Chairman of the Economic and Financial Crimes Commission, Mr Ibrahim Magu, has accused some bank staff of sabotaging the efforts of the commission to...
A former governor of Central Bank of Nigeria (CBN) and current Emir of Kano, Sanusi Lamido, has been appointed to the global board of MTN group....
Nigeria’s estimated annual palm oil consumption is 2.4 million tons. Yet, the country has a deficit of 0.9 million tons of palm oil. The major drawbacks...
The Department of Petroleum Resources (DPR) on Thursday said the unresolved boundary issue between Anambra, Enugu and Kogi states was among the reason the states have...
Contrary to claims by the Minister for Works, Power, and Housing, Babatunde Fashola, Shell Nigeria Exploration and Production Company (SNEPCo) has said Nigerians including small businesses...
The Nigerian National Petroleum Corporation (NNPC) has revealed that the introduction of Direct Sales Direct Purchase scheme has helped it to save the sum of $2.2...
The Securities and Exchange Commission (SEC) on Thursday said the capital market would resist being used as a tool for money laundering and terrorism financing. The...
Department of Petroleum Resources (DPR) has told Akwa Ibom residents to hold Petroleum Tanker Drivers responsible for the artificial scarcity being experienced in the state. The...
The Management of Eko Electricity Distribution Company (EKEDC) has said it is ready to comply with directives from the Nigerian Electricity Regulation Commission (NERC) to commence...
The Federal Government has decried the performance of Electricity Distribution Companies (DisCos) since the privatization of the power sector in 2013. The government also said plans...
Reluctance by European buyers over high prices has left about 20 cargoes of Nigerian crude oil from April loading unsold, Reuters has reported. The reluctance of...
With effect from May 1, 2019, the Federal Airports Authority of Nigeria (FAAN) has closed down the Gombe and Kebbi airports as a result of over...
Nigeria’s Vice President, Yemi Osinbajo, on Tuesday said the government of Muhammadu Buhari has spent over N3.5 trillion on infrastructure. He made the claims when he...
The Central Bank of Nigeria (CBN) has brushed off an alarm raised by governors that the economy would plung into recession anytime mid 2020. The Chairman...
The office of Budget and National Planning has said only 79 per cent of the total N9.12 trillion 2018 budget was implemented by the Federal Government...
