Following the observation of discrepancies by the National Assembly in the 2019 budget, the budget office on Thursday insisted there were none of such errors. A...
Members of the House of Representatives have faulted the Council of State for approving N27,000 as new minimum wage for workers in the country instead of...
The Federal Government is set to auction N150 billion worth of bonds on January 30, the Debt Management Office (DMO) has said. The DMO, in a...
The House of Representatives on Wednesday highlighted miscalculations in the 2019 budget presented by President Muhammadu Buhari. At its sitting, 42 lawmakers were observed while the...
A new report by the Association of Chartered Certified Accountants and Institute of Management Accountants, on Global Economic Conditions, have said that Nigeria faces its lowest...
Each branch of Deposit Money Banks (DMBs) in the country that pays out counterfeit or mutilated banknotes will be fined N1 million, the Central Bank of...
The Asset Management Corporation of Nigeria (AMCON) has begun a search for new investors to take over Polaris Bank. The corporation, which is already taking stock...
Nigeria’s stock market recovered from Monday’s losses on Tuesday, with the market capitalisation appreciating by N1.6 billion to close at N11.462 trillion. This is as a...
The Federal Government on Tuesday, handed over the Terminal B of the Old Warri Port, as it finally signed the concession agreement with a core investor,...
The Minister of Agriculture, Chief Audu Ogbeh, has commended the Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele for introducing a list of restricted...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the alarm that Nigeria may return to the pre-2005 Paris Club debt...
The House of Representatives has passed a bill criminalizing estimated billing by electricity distribution companies in the country. The bill, sponsored by the Majority Leader of...
The Department of Petroleum Resources (DPR) has revealed that it generated the sum of N1.3 trillion as revenue UN 2018. The Director of DPR, Mr Mordecai...
The Monetary Policy Committee, MPC, of the Central Bank of Nigeria, CBN, has left the Monetary Policy Rate, MPR, at the same level it has been...
Spreading concerns over economic slowdown in China forced crude oil prices to take another dip on Tuesday after the gains recorded on Monday. The slowdown has...
The price of crude oil at the international market strengthened to $62.90 per barrel on Monday, a 20 cent increase from last weekend’s closing price. The...
The gaining streak the Nigerian capital market has enjoyed over some trading days was pushed back on Monday, with investors losing N102 billion. The push back...
The Federal Inland Revenue Service, FIRS, made a whooping N300.4 billion in three years, between 2016 and 2018 as the cost of collecting taxes. According to...
The Indian High Commissioner to Nigeria, Abhay Thakur, has said that Nigeria can explore $5 billion line of credit with low interest rate from India. Thakur,...
The International Monetary Fund, IMF, has reduced the projection for Nigeria’s Gross Domestic Product, GDP, for 2019 to two per cent. The IMF had previously projected...
The Federal Government has approved a list of 108 companies for the provision of meters to electricity consumers in the country. The Minister of Power, Works...
The Central Bank of Nigeria has said it is planning to increase the number of items on its foreign exchange restricted items to 50 from 42....
The Nigerian Electricity Regulatory Commission (NERC) has said the low level metering in the power sector is responsible for low revenue collection by electricity distribution companies...
The Minister of Communications, Mr Adebayo Shittu has disclosed plans by the Federal government to acquire $100 million to develop rural broadband connectivity across the country....
The Nigerian government on Thursday disclosed that it would require a total sum of $1.1 billion loan to implement its Green imperative initiative. The Minister of...
The Economic and Financial Crimes Commission (EFCC) on Wednesday, said a staggering sum of $217.7 billion was illegally taken out of Nigeria between 1970 and 2008....
Nigeria has contributed 97 out of the 360 companies listed in the second edition of the London Stock Exchange Group’s Companies to Inspire Africa report. The...
Investors at the Nigerian Stock Exchange (NSE) on Wednesday gained N120.5 billion as the stick market continued its appreciation for the past five consecutive trading days....
The presidential candidate of the Peoples Democratic Party (PDP) Wednesday, expressed the seriousness he attaches to the privatisation of the Nigerian National Petroleum Corporation (NNPC) vowing...
The National Bureau of Statistics (NBS) has released its Consumer Price Index (CPI) report for December 2018, indicating that inflation rose from 11. 28 percent in...
The Federal Government has borrowed about N6.16 trillion out of the N8.49 trillion pension assets under the Contributory Pension Scheme. These figures were released by the...
The National Economic Council will on Thursday decide on the proposed N30,000 new minimum wage. This was part of the resolutions reached at the emergency meeting...
A four hour technical glitch at the Nigerian Stock Exchange (NSE) led to a four hour delay in trading on Tuesday. Bola Adeeko, Head of Shared...
The Central Bank of Nigeria (CBN) has directed that loans granted about 550,000 rice farmers in the country who were affected by the 2018 flooding be...
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) has granted approvals in principle for the merger of Access and Diamond banks....
A report from the National Bureau of Statistics (NBS) has shown that Nigeria recorded crude oil export worth N11.5 trillion in nine months, from January to...
Nigeria Employers’ Consultative Association, NECA, has raised the alarm over the rising debt profile of the country. The association, which described the debt burden of the...
The Naira made a modest gain of 50 kobo against the US dollar to close at N360 on Monday. The British Pound Sterling sold at N472...
The country may be thrown into total darkness if power generation companies in the country carry out their threat to shut down plants over challenges facing...
The Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola, has said there is no budgetary provision for the construction of the 3,050 megawatts Mambila...
The Central Bank of Nigeria (CBN) on Friday, intervened in the Retail Secondary Market Intervention Sales by injecting the sum of $263 million, the first in...
he Federal Government has revealed it invested about N2.7 trillion in the last three years on infrastructure in the country. This was disclosed by the Senor...
President Muhammadu Buhari has vowed to end the collection of illegal taxes in the country. The President made the vow on Friday in Abuja, pledging that...
The nation’s stock market, for the first time in 2019, posted slight gain after the close of trading on the floor of the Nigerian Stock Exchange...
The Central Bank of Nigeria (CBN) has plans to raise a total of N1.809 trillion from the debt market, in the first quarter of 2019. The...
Data from the Central Bank of Nigeria (CBN) has revealed the nation’s foreign reserves rose by $6.418m from $$43.041bn on December 17, 2018 to $43.047bn as...
The Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola, has defended Federal Government’s heavy borrowing, saying it has become necessary in order to invest...
MTN Nigeria Communications Limited, and the Central Bank of Nigeria (CBN) have settled their differences over the $8.1 billion demanded by the apex bank, out of...
The Power generation companies (Gencos) have blamed electricity distribution companies (DISCOs) and the Nigerian Electricity Regulatory Commission (NERC) for the current low power supply to Nigerians....
THE Manufacturers Association of Nigeria (MAN) has said that the inventory of unsold manufactured goods stood at N149.23 billion at the end of 2018. According to...
