The Debt Management Office (DMO) has revealed that the total public debt of Nigeria as at December 31, 2018 is N24.38 trillion. The Director-General of the...
Tides have taken a different turn in the sale of telecommunication firm, Etisalat International Nigeria Limited (9mobile) as a Federal High Court in Abuja has nullified...
The Minister of Finance, Zainab Ahmed on Wednesday said a total sum of $6.8 million to rebuild the North East would come as a loan from...
The Ogun State Command of the Nigeria Customs Service (NCS) says it generated N3,258,628,190 revenue in the first quarter of 2019. This was disclosed by the...
An e-commerce platform, Jiji has announced the acquisition of OLX in Nigeria and four other counties in Africa. The details of the deal was made available...
The minister of Budget and National Planning, Senator Udo Udoma, has said that the Federal Government could not achieve its 2018 revenue target because some of...
The Central Bank of Nigeria, CBN, is set to device a new means of liquidity management in order to reduce associated expenses. The Deputy Governor in...
The House of Representatives Ad hoc committee on the activities of National Pension Commission and its administrators, has threatened to issue a bench warrant to compel...
The International Monetary Fund (IMF) has thrown its weight behind the planned increase in Value Added Tax (VAT) by the Federal Government. The Organisation also encouraged...
Three years after exiting Nigeria’s oil downstream sector, US oil giant Exxon Mobil is reportedly considering the sales of its onshore and offshore assets. Reuters reports...
THE Federal Government on Tuesday projected key assumptions in running the 2019 budget. Director-General, Budget Office of the Federation, Mr. Ben Akabueze, rolled out the figures...
Shell Petroleum Development Company of Nigeria Limited (SPDC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo), in 2018 paid a total of $6.397 billion to...
The Federal Inland Revenue Service (FIRS) has announced its plans to recover N750 billion from 55,000 defaulting taxpayers by extending its account substitution policy. Executive chairman...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) in Kano has reassured Nigerians that there is no plan to sell petrol above the government approved price...
The Federal Government has declared tax pardon to owners of offshore assets that are willing to voluntarily declare them. This was disclosed on Tuesday by the...
Investors in the Nigerian stock market lost N158bn in March while the market slumped by N48bn in the first quarter of the year. After opening with...
The Minister of Trade and Investment, Okechukwu Enelamah had a rough time convincing the Senate Committee on Trade and Investment on Monday over the allocation of...
Vice-President Yemi Osinbajo has downplayed the Nigeria’s growing debt burden, insisting that it is one of the lowest in the world when compared to the size...
Guaranty Trust Bank (GTB) has resisted attempts to take over its branch by Innoson Group of companies. Innoson and GTB have had a long running case...
The coming on stream of two major business initiatives, the Dangote Refinery and Dangote Fertilizer, is set to make Nigeria a leading exporter of petroleum and...
Minister of Transportation, Rotimi Amaechi, has said the plan by the Nigerian government to connect major cities with rail way may be far from being a...
Anxiety has gripped the aviation sector as the airspace may be shut more often by The Air Traffic Controllers (ATCs) due to adverse weather condition that...
The Nigerian Communications Commission (NCC) has again clarified the reasons behind the stringent process of replacing lost, stolen or damaged Subscriber Identity Module (SIM) cards. Speaking...
The Minister of Budget and National Planning, Udoma Udo Udoma has said that the Federal Government will be reverting to the January to December budget cycle,...
The Lagos Chamber of Commerce and Industry, LCCI, has commended the Central Bank of Nigeria (CBN) for the recent reduction of the Monetary Policy Rate, MPR,...
The management of Guaranty Trust Bank, GTBank has reacted to claims that the bank had been absolved by indigenous auto firm, Innoson Group of companies. The...
The Court of Appeal, Lagos Division, on Friday ordered a fresh trial by the Federal High Court of the case brought against the Nigeria Liquefied Natural...
Nigerian car manufacturing company, Innoson Nigeria Limited, has secured a court order that allows it to take control of some branches of Guaranty Trust Bank (GTB)....
Nigerian Government has revealed plans to borrow N1.6 trillion to finance its 2019 budget. The Director-General, Debt Management Office (DMO), Ms Patience Oniha disclosed this in...
The Minister for Agriculture, Chief Audu Ogbeh has said the Nigerian government spends at least $60 million to import fish on an annual basis. The Minister...
Figures made available by the Central Bank of Nigeria, CBN, have shown that the country’s foreign exchange reserve has hit a six months high at $44.14...
The federal government has formally launched the Micro Pension Plan (MPP) which is expected to significantly expand pension coverage to informal sector players including self-employed persons...
The National Leader of the All Progressives Congress (APC) Bola Tinubu has advised the Federal government to hold on with its plans to increase the Value...
Stakeholders in the country’s electricity market on Wednesday bickered at a public hearing as the Transmission Company of Nigeria (TCN) asked the Nigerian Electricity Regulatory Commission...
The Infrastructure Concession Regulatory Commission (ICRC) has disclosed plans to concession the Independence Building in Lagos. The Director-General of the Commission, Mr Chidi Izuwah who made...
Investors in the banking stocks on Wednesday lost a total of N78.7 billion to sell pressure in value. Market capitalisation also fell to N11.6 trillion in...
The Federal Executive Council, has approved the sum of N1.4 billion for the design of the Abuja headquarters of the Department for Petroleum Resources, DPR. The...
The Federal, states and local governments in the country shared N619.85 billion for the month of February from the Federation Account. The amount represents revenue generated in...
The daily energy report of the Electricity Generation Companies (GenCos) comprising gas-fired and hydro stations in Nigeria, reveals that an average of 4,313 megawatts of electricity...
The Central Bank of Nigeria (CBN) has said that technological developments in the banking sector has led to the increase of electronic system of payment between...
The Nigerian Civil Aviation Authority has expressed worries over the new Federal Competition and Consumer Protection Act 2019 recently accented to by President Muhammadu Buhari. The...
Any increase in the percentage payable as Value Added Tax, VAT, in the country will adversely affect the Nigerian economy and slow it down, Actionaid Nigeria...
The Central Bank of Nigeria (CBN) on Tuesday announced that it has reduced the Monetary Policy Rate (MPR) from 14% to 13.50%. This was disclosed by...
The Nigerian Electricity Regulatory Commission (NERC) has said the obligation to ensure electricity consumers have meters rests on the shoulders of the Distribution Companies (Discos). This...
The Minister of State for Aviation, Hadi Sirika, on Monday, appealed to the Senate for the approval of an additional $461.8 million loan for the completion...
The Minister of Power, Works and Housing, Babatunde Fashola, has appeared before the House of Representatives Committee on Works for the 2019 Budget Defence in Abuja....
The Nigerian Stock Exchange has revealed that a total of N5.5 billion was recorded as foreign outflows from the stock market for the month of February....
Shell Petroleum Development Company of Nigeria Limited (SPDC) has entered an agreement with the United Bank for Africa (UBA) to increase the size of the oil...
Electricity distribution companies in Nigeria’s power sector Sunday announced that they are no longer tasked with the responsibility of providing meters to power consumers under their...
The Central Bank of Nigeria, CBN, has estimated that the country’s inflationary rate will rise to 12 percent and thereafter moderate. The Governor of the CBN,...
