A quarterly review published by the Nigeria Extractive Industries Transparent Initiative (NEITI) has shown that the Federation Account Allocation Committee, FAAC, distributed the sum of N8.5...
The latest quarterly report of the Nigerian Electricity Regulatory Commission (NERC) has shown that the nation’s power grid collapsed 97 times since the privatisation of the...
President Muhammadu Buhari has boasted about the economic policies of his administration, saying they are meeting the desired target. The president stated this in Lagos on...
The Federal Inland Revenue Service has sought the services of the Nigeria Police to go after over 85,000 wealthy businessmen who are perpetual tax evaders. The...
In what appears as a shake off of tensions around the general election, investors in Nigeria’s stock market on Thursday gained N228.1 billion as market capitalisation...
To boost power transmission across the country, the Transmission Company of Nigeria (TCN) said it had generated total sum of $1.623 billion. This was disclosed on...
Despite billions of dollars being lost to the unending gridlock in Apapa Lagos, the Nigeria Customs Service, Apapa Area 1 command said it generated N404 billion...
President Muhammadu Buhari has announced that the Nigerian National Petroleum Corporation (NNPC) will soon commence drilling for a deeper search for oil and gas in the...
The Central Bank of Nigeria, CBN, has said that the Federal Government recorded fiscal deficit of N910.41 billion in the fourth quarter of 2018. The CBN...
Nigerian bankers have called on the Federal Government to evolve a new strategy for the handling of economic activities in the country. The bankers also called...
The Institute of Chartered Accountants of Nigeria (ICAN), has doubted that the 2019 budget proposal presented to the National Assembly by President Muhammadu Buhari. The body...
The Nigerian Investment Promotion Commission, NIPC, has said that the country received investment committment worth $90.90 billion for 93 projects between January and December last year....
Crude oil production by the Nigerian Petroleum Development Company, NPDC, a subsidiary of the Nigerian National Petroleum Corporation, NNPC, has increased by 57,000 barrels per day....
The Federal Government has kickstarted the auction of savings for the month of February, 2019. According to the Debt Management Office, DMO, the auction commenced on...
Governor Akinwunmi Ambode of Lagos state has finally laid down the 2019 appropriation bill before the State House of Assembly. Amboda, on Tuesday laid controversies around...
The Central Bank of Nigeria, through its Purchasing Manager’s Index Survey report, has said the Production level, new orders, supplier delivery time, employment level and inventories...
The Minister of Budget and National Planning, Senator Udo Udoma, has predicted that the nation’s economy will grow by 3.1 percent in 2019. The minister’s prediction...
The Central Bank of Nigeria, CBN, on Monday said there is no truth in a report alleging that faceless agents, backed by regulators, were exploiting the...
The Minister of Power, Works and Housing, Babatunde Fashola and the Transmission Company of Nigeria, TCN, have given different figures as the power generated in the...
The Nigeria Employers’ Consultative Association, NECA, has condemned the recurrent delay in the passage of the national budget, saying it does harm to the economic growth...
The Central Bank of Nigeria. CBN, has given the Association of Bureaux De Change Operators of Nigeria, ABCON, a no objection approval to launch an initiative...
The Nigerian Communications Commission, NCC, has said that a total of 118,784 complaints was received by it from telecommunication subscribers in two years. A Deputy Director,...
Socio-Economic Rights and Accountability Project (SERAP) has sued the Minister of Power, Works and Housing Mr. Babatunde Fashola SAN over the disappearance of some contractors who...
Power generation in the country in January 2019 recorded an increase of 1,811.3 megawatts (MW) as the Transmission Company of Nigeria (TCN) transmitted 127,157.7mw as against...
The first month of 2019 was a hard one for Investors on the Nigerian Stock Exchange (NSE) as a total of N326 billion was lost at...
The Manufacturers Association of Nigeria (MAN) has said that manufacturers in the country spent a total of N246.38 billion to generate their own electricity between 2016...
60 local oil companies approved for institutional support were Thursday unveiled by the Federal Government. The companies are expected to get institutional support from the Federal...
The 2019 general elections and the heated political climate in the country have taken a toll on the nation’s stock market, as investors on the Nigerian...
Manufacturers in the country have said they aimed to increase their contribution to the nation’s Gross Domestic Product, GDP, in 2019 and beyond from the current...
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has hinted on moves by the Federal Government to reclaim dormant oil feilds from multinational oil...
The Infrastructure Concession Regulatory Commission, ICRC, has asked the Federal Government and the NNPC to concession the refineries in the country in order to make them...
The Central Bank of Nigeria, CBN, has said it recorded a foreign exchange inflow of $40.93 billion between January and September 2018. According to the CBN...
Banks and Telecommunications operators in the country, Tuesday, traded blames over the rising cases of financial frauds perpetrated in the country through telecommunications networks. The financial...
The Nigerian Economic Summit Group (NESG) has said that for the country to achieve economic and social inclusion, government must first tackle the current sluggish economic...
Banks and other financial institutions are to pay N2.5 million in fine for the use of unapproved e-payment solutions in the country. This is contained in...
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has said that the Federal Government through the Economic and Financial Crimes Commission (EFCC) has started...
The House of Representatives has approved a new national minimum wage of N30,000 for Nigerian workers. The president, Muhammadu Buhari has written to the lawmakers recommending...
The Federal Government has disclosed that it is collaborating with other oil and gas producer in Africa under the umbrella of African Petroleum Producers Organisation, APPO,...
The Federal Government has started paying part of the N1.3trillion accrued funds being owed the Niger Delta Development Commission (NDDC). This was disclosed by the Acting...
The Governor of Zamfara State, Alhaji Abubakar Yari, has warned the National Assembly not to pass a new National Minimum Wage that would be difficult for...
Speaker of the House of Representatives, Yakubu Dogara, has argued that the N30,000 minimum wage labour unions are clamouring for is not enough for Nigerian workers....
The Minister of Finance, Mrs. Zainab Ahmed, has disclosed that the Asset Management Corporation of Nigeria, AMCON, recovered over N1 trillion from debtors whose loans were...
The Lagos Chamber of Commerce and Industry, LCCI, has called on the Federal Government to reduce the tariff payable on imported vehicles in the country to...
The Minister of Power, Works and Housing, Mr Babatunde Fashola, has outlined the gains inherent in government’s new metering policy, the Meter Asset Provider policy, MAP,...
The Nigeria Customs Service (NCS) has said it genetated N2.911 billion revenue at the Murtala Mohammed International Airport in the first 10 days of 2019. This...
The Department of Petroleum Resources and the Ministry of Petroleum Resources have denied allegations that there are irregularities in its renewal of oil and gas licenses....
The Central Bank of Nigeria (CBN) has injected $289.76million into the retail secondary market intervention sales and CNY38.70million into the spot and short- tenored forwards segment...
Nigeria’s former two-time Minister of Finance, Dr Ngozi Okonjo-Iweala, has declared that she is ready to take up the job of President of the World Bank,...
The revenue accruable to the federal, states and local governments in the country for December 2018 declined by N163.57 billion compared to that of November the...
President Muhammadu Buhari has signed a new executive order that permits companies in the country to fund the construction of major roads in the country. The...
