Figures from the Central Bank of Nigeria (CBN) has shown that Nigeria earned a total of N5.54 trillion from oil and gas revenue in 2018. According...
The Chartered Institute of Forensic and Investigative Auditors of Nigeria (CIFIAN) has said that the volume of fraud in Nigerian banks increased to N25 billion in...
The Economic and Financial Crimes Commission, EFCC, has said Mr. Tunde Ayeni allegedly took over N17 billion in raw cash from the Suspense Account of Skye...
The crude oil production cut deal agreed by members of the Organization of Petroleum Exporting Countries (OPEC) and its allies late last year has been implemented...
The prices of crude oil declined on Thursday on the back of a record high production by the United States and weakening factory output in China...
The decline in the value of shares on the Nigerian Stock Exchange (NSE) continued on Thursday, the third day in a roll, as investors lost a...
Pension fund administrators in the country have invested a total of N636.99bn out of the total pension funds in their custody in banks as of the...
The Nigeria Bulk Electricity Trading Plc. NBET, is owing power generation companies in the country N364.11 billion for the electricity they generated sold and fed into...
The lastest report of the Central Bank of Nigeria, CBN, on its Purchasing Managers’ Index Survey, PMI, has shown that production level, new orders, supplier delivery...
The nation’s stock market got a bashing from the nation’s presidential election and the delay in the announcement of results, as investors lost a total of...
The three tiers of government have shared N610 billion from the Federation Account for the month of January. This is as revenue fell by N42.21 billion...
The Central Bank of Nigeria’s (CBN’s) fourth quarter economic report has revealed that about $39.9 billion was injected into the foreign exchange market to defend the...
The Manufacturers Association of Nigeria (MAN), has appealed to the Federal Inland Revenue Service (FIRS), not to increase taxes, but to bring more tax payers into...
The Federal Government, in its continued clampdown on tax defaulters to shore up its revenue, has demanded a number of foreign oil companies operating in the...
The Advisory Power Team (APT) at the office of the Vice President has said the nation’s power sector lost N69.1bn between January 1 and February 19...
President Muhammadu Buhari has said Nigeria may consider cutting her crude oil output as a way of helping to shore up prices of the commodity at...
The Nigerian capital market continued its positive run on Wednesday after Tuesday rebounding, as investors gained N77.5 billion at the end of trading. The market had...
New figures released by the Central Bank of Nigeria (CBN) has shown that the Federal Government recorded a deficit of N3.4 trillion in its financial operations...
Transactions worth N39.15 trillion were carried out in the fourth quarter of 2018 in Nigeria, the National Bureau of Statistics (NBS) has said. This was disclosed...
The Central Bank of Nigeria (CBN) has injected another $210 million into the foreign exchange market in continuation of its intervention in the Inter-Bank Foreign Exchange...
The banking sector report from the National Bureau of Statistics (NBS), released on Tuesday, has shown that banks lending to the economy declined by N455 billion...
The nation’s capital market witnessed a rebound on Tuesday with investors gaining N80 billion at the end of trading activities on the floor of the Nigerian...
A research report by the FSDH Merchant Bank has said the disparity between the growth rates of the Nigerian economy and its population shows that poverty...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied that it has reduced the pump price of petrol from N145 to N140 to encourage Nigerians...
The nation’s capital market expectedly reacted negatively to the postponement of the 2019 general elections, as investors lost N196 billion at the end of trading on...
The National Pension Commission (PenCom), has said that out of the over 70 million people that represent the working population in Nigeria, only 8.41 million of...
The latest statistics from the National Bureau of Statistics, NBS, have shown that the Federal Government, States and Local Governments in the country received a total...
The Independent Petroleum Marketers Association of Nigeria, IPMAN, has ordered its members to reduce petroleum pump price from N145 per litre to N140. The reduction is...
The Chartered Institute Bankers of Nigeria, CIBN, has decried the incessant delay in the passage of the national budget, saying it impacts negatively on national productivity....
The Association of Bureaux De Change Operators of Nigeria, ABCON, has advocated for an exemption from the payment of Value Added Tax, VAT, and Commission on...
The fourth quarter 2018 report just released by the Central Bank of Nigeria, CBN, has shown that currency in circulation as at the end of December,...
The Nigerian Airspace Management Agency, NAMA, has said the nation’s airspace will remain open before, during and after the rescheduled national and state elections. NAMA stated...
Nigeria’s foreign reserve has declined to $42.86 billion, the lowest in two months, data obtained from the Central Bank of Nigeria, CBN, showed on Sunday. The...
The President, National Association of Nigerian Traders (NANTs) Mr Ken Ukaoha has said that the postponement of the commencement of the 2019 general elections has cost...
New statistical figures have shown that Consumer Price Index which measures inflation dropped to 11.37 per cent in January 2019 as opposed to 11.44 per cent...
Live update Data from the Nigeria Interbank Settlement System (NIBSS) Instant Pay, has revealed that bank customers carried out about 2.5 million instant pay transactions as...
Twenty two stocks witnessed an increase in their prices on Thursday on the floor of the Nigerian Stock Exchange, leading to a rebound in the market,...
Nigeria’s crude oil production including condensate has taken a dip, falling to 1.999 million barrels per day in January from 2.081 million bpd in December, figures...
The Debt Management Office (DMO) has said the Federal Government has concluded plans to auction N150bn worth of bonds by subscription on February 20. According to...
Capital importation to Nigeria declined by 25.05 percent in the fourth quarter of 2018 in comparison to the third quarter of the year. According to the...
The Nigerian Employers Consultative Association (NECA) has called on the Federal Government to urgently wade in with some incentives to rescue businesses from collapsing in the...
Nigeria lost a total of N11.08 trillion in 2018 to the activities of oil thieves and illegal refining, the Nigerian Navy said on Tuesday. According to...
Nigeria’s Gross Domestic Product, GDP grew by 2.38 percent in the fourth quarter of 2018. However, the Real GDP growth posted 5.31 per cent on a...
The Lagos Chamber of Commerce and Industry (LCCI) on Monday kicked against moves by the Federal Inland Revenue Service (FIRS) to restrain bank accounts belonging to...
Nigeria spends a whopping sum of $10 billion to hire foreign certified welders to work in the country, the Managing Director, Mudiame International Limited, Mr. Sunny...
In other to fully comply with Federal Government’s cashless and TSA policies, the Nigerian Airspace Management Agency (NAMA) has said that it will no longer take...
The Federal Government has forced oil companies operating in Nigeria to cough out the princely sum of N1.2 trillion in royalty arrears. The Minister of State...
The Nigerian Electricity Regulatory Commission, NERC, has said that power distribution companies in the country must fully automate their commercial system operations in the sector. According...
The Nigerian Maritime Administration and Safety Agency, NIMASA, has said it detained a Liquefied Petroleum Gas vessel, MT Navigator Capricorn, for contravening sections of the country’s...
President Muhammadu Buhari has revealed that the Federal Government has saved more than $550 million from the removal of names of ghost workers from the pay...
