The Federal Government is considering diversifying instruments of of the nation’s stock market through the Economic Recovery and Growth Plan. This was disclosed by the Minister...
A new report by the FSDH Merchant Bank has revealed that Nigeria’s balance of payment is still fragile and that it was dominated by transactions in...
The Executive Secretary of the Economic Commission for Africa, Vera Songwe, has issued a wakeup call to Nigeria and other African countries to improve their fiscal...
The management of Air Peace on Wednesday said it was awaiting the outcome of the investigation of Boeing before making a decision on its planned acquisition...
The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr Ahmed Kuru, on Wednesday, called on the Federal Government to revisit the Failed Bank...
The Nigerian Communications Commission, NCC, Wednesday, said the country has achieved 33 percent broadband penetration in the telecommunications industry as at February, 2019. This was announced...
The Federal Inland Revenue Service (FIRS) on Wednesday dispelled reports of planned increment of Value Added Tax (VAT) by 50 per cent to meet up payment...
The Nigerian Stock Exchange has ordered the full suspension of trading in Diamond Bank Plc shares. This follows a receipt of final approval of the Central...
It’s clear the House of Representatives may continue work on the 2019 Appropriation Bill without the approval of the passage of the 2019-2021 Medium-Term Expenditure Framework...
Amidst fears that the Lagos International Trade Fair Complex might be up for sale, the Federal Government has denied such plans. The government through its privatisation...
The Nigerian National Petroleum Corporation (NNPC) has disclosed plans to extend the ongoing Ajaokuta – Kaduna – Kano (AKK) gas pipeline system through the Sahara to...
Nigerian refineries made a total loss of N132.5 billion in 2018, a 39 percent increase from the N95.09 billion loss it incurred in 2017. According to...
A report by the Fiscal Responsibility Commission (FRC) on the key components of the 2017 federal budget has revealed that the Federal Government had an expenditure...
The Governor of the Central Bank of Nigeria (CBN) Mr Godwin Emefiele has faulted the position of the Lagos Chamber of Commerce and Industry, LCCI, that...
At the expiration of the deadline set by the Bureau of Public Enterprises, BPE, Five firms successfully submitted financial and technical bids to purchase 51 per...
Figures from the Nigerian Insurers Association, NIA, has revealed that insurance companies in the country paid a total of N217.8 million as terrorism claims in 2018...
It has been revealed that the Central Bank of Nigeria (CBN) has disclosed an agreement with all states in the South-South and South-East regions of the...
Months after successfully implementing GIG Mobility, a platform that seamlessly drives the entire gamut of its operations, Nigeria’s foremost tech-driven transport company, GIGM, is cooking up...
The Nigerian National Petroleum Corporation has revealed that its trading surplus hit N12.13 billion for the month of December 2018. This was contained in the monthly...
There are indications that crude oil imports from Nigeria could be further threatened with the country’s highest oil buyer, India, signing an agreement to import 0.6...
Following their leave during the general elections, a Chinese firm handling the construction of Lagos-Ibadan rail project has retuned on site to continue construction. The company,...
The Nigerian Civil Aviation Authority (NCAA) has raised concerns over more than 400 travel agencies operating in the country without the requisite local licences to operate....
The National Bureau of Statistics (NBS) on Thursday said the Consumer Price Index (CPI), which measures inflation, increased by 11.31 percent (year-on-year) in February 2019. This...
The Federal Government has disclosed its readiness to revisit the creation of grazing reserves across the country. The Minister of Agriculture and Rural Development, Chief Audu...
The Nigerian stock market has reverted to its losing trend, after the momentary gains recorded on Wednesday, as investors lost N56 billion at the closed of...
President Muhammadu Buhari has given the Nigerian National Petroleum Corporation (NNPC) up till April 30, 2019 to take over the operatorship of the entire Oil Mining...
The Economic and Financial Crimes Commission (EFCC) on Tuesday, arraigned Ecobank Plc before Justice Saliu Seidu of the Federal High Court sitting in Ikoyi, Lagos on...
Non oil export earnings received through the banks amounted to $1.16 billion for the last quarter of 2018. It also represents a 1.5 per cent and...
Some members of the upper chamber of the National Assembly, on Wednesday, described the debt profile of the country as alarming. The senators, Ike Ekweremadu, Dino...
The Delta business community, and Nigeria’s transport sector, at the weekend erupted with excitement at the commissioning of the newly acquired fleet by Delta Line, a...
The crash of Ethiopian Airlines Boeing 737 MAX 8 aircraft which killed all passengers on board, has sparked a lot of controversy and concern worldwide. The...
The Minister of Power, Works and Housing Mr Babatunde Fashola SAN has written to Socio-Economic Rights and Accountability Project (SERAP) promising “to refer the request for...
The Central Bank of Nigeria (CBN) and the Economic and Financial Crimes Commission (EFCC) on Thursday revealed plans to bar criminals from opening bank accounts in...
A survey by S&P Global Platts has revealed that Nigeria pumped 190,000 barrels per day of crude oil in February above its agreed quota under the...
‘Regulatory gangsterism’ under President Muhammadu Buhari’s first four years by some regulatory agencies have been responsible for job losses, the Nigeria Employers’ Consultative Association, NECA, has...
Billionaire businessman Aliko Dangote and oil and telecoms mogul, Mike Adenuga have clinched top spots on Forbes’s list of world’s black billionaires for the year 2019....
Operators in the telecommunications sector in the country have cried out over what they termed multiple environmental taxes imposed on them by federal and state ministries...
President of Dangote Industries Limited, Aliko Dangote, has disclosed plans of the company to increase cement exports to $600million. With this annual target, the company would...
In a bid to take the fight against fraudulent activities in extractive industry, especially the oil and gas sector, a step further, the Nigeria Extractive Industries...
The Nigerian National Petroleum Corporation, NNPC, has taken over assets worth N771 million belonging to oil marketers who underpaid for petroleum products supplied them from the...
Nigerians will no longer be able to access foreign exchange for the importation of any form of textile materials from henceforth, as the Central Bank of...
The Federal Inland Revenue Service (FIRS) has disclosed that a total of N12.62 trillion was generated as revenue from 2016 to 2018. This was revealed in a document...
Sentiments, speculation and rumours have been identified by the Organization of Petroleum Exporting Countries, OPEC, as some of the major determinants of developments in the global...
Electricity generating companies in the country, GenCos, has identified inaccurate date, government interference and inefficiency as a he major factors responsible for the sorry state...
The nation’s capital market on Monday closed in the positive as Bank stocks on the Nigerian Stock Exchange, NSE, rallied to reverse some of the losses...
The Federal Government is again offering for subscription savings bonds with a tenor of two and three years, a circular on Monday from the Debt Management...
At least $16 billion has been lost by Nigeria in the last ten years due to the non-review of the 1993 production sharing formula with oil...
The prices of crude oil rose on Monday as hopes for an end to the year long tariff row between the United States and China approached...
Bureaux de Change (BDC) Operators in the country have called on President Muhammadu Buhari to ensure that the US dollar exchanges for N250 in his second...
The National Bureau of Statistics, NBS, has said that the Nigerian economy recorded a total of N32.26 trillion trade in 2018. This is contained in the...
