Fears that Nigeria’s 2019 budget may suffer huge revenue short fall may be abetted as the prices of crude oil in the international market rebounded on...
The Nigerian National Resources Charter (NNRC) has revealed that the oil and gas sector in the country surffered huge setback in its bid to attract Foreign...
The Debt Management Office (DMO) has revealed that Nigeria’s total debt portfolio leaped from N12.12 trillion as of June 30, 2015 to N22.43 trillion as of...
The World Bank has predicted that Nigeria’s Gross Domestic Growth, GDP, will expand by 2.2 percent in 2019. The World Bank made the prediction in its...
Keystone Bank Limited has denied allegations that President Muhammadu Buhari has a stake in the bank. The bank, on Tuesday, stated, “The fact of the ownership...
The African Development Bank (AfDB), has approved $14.12million facility to support Nigeria’s membership in the African Trade Insurance agency. The bank disclosed this in a statement...
The Nigerian stock market on Tuesday continued its negative trend as investors lost N135.8 billion at the end of trading on the floor of the Nigerian...
A report by the Secretary General of the United Nations on the activities of the United Nations Office for West Africa and the Sahel, UNIWAS, has...
The Petroleum Products Pricing Regulatory Agency (PPPRA) Monday, said it expected the Nigerian National Petroleum Corporation (NNPC) to declare over recovery from the importation of petrol...
The Federal Government has commenced the sale of the 2019 savings bonds by offering for subscription two-year savings bond at 12.12 per cent and three-year savings...
Market capitalization on the Nigerian Stock Exchange took a dip on Monday by N89 billion, continuing the downward trend the stock market has witnessed in the...
Federal Inland Revenue Service (FIRS) has generated its highest annual revenue revenue in history, after generating N5.3 trillion in 2018. Its highest revenue generation was previously...
Crude oil prices got more than 1.5 percent boost on Monday on hopes that talks in Beijing can resolve a trade war between the United States...
The Nigerian Interbank Settlement System (NIBSS) has said that Nigeria’s electronic payment (e-payment) services recorded transactions worth N56.85 trillion from January to September 2018. This is...
The annual report of Moody’s Investors Service has predicted that prices of Oil and natural gas will be volatile in 2019. The report, which outlined key...
Nigeria literally threw N197 billion into the flames in the first nine months of 2018, representing the value of gas flared during the period. According to...
In order to encourage investment in modular refinery in the country, the Federal Government has given approval for the reduction of import duty rates on modular...
The Transmission Company of Nigeria (TCN) has revealed that the French Development Agency (FDA) has given support of about $300 million to power transmission projects in...
The National Bureau of Statistics (NBS) has said India emerged Nigeria’s biggest trading partner in the third quarter of 2018. According to data released by the...
The International Monetary Fund (IMF) has put Nigeria’s debt at 34 percent of the country’s Gross Domestic Product (GDP). The Fund revealed this in a new...
Forbes has rated Nigeria as 110th best place in the world to do business in 2019 out of 161 countries that were graded. The country also...
The stock market opened on a negative note as investors lost N134.4 billion on the first trading day of 2019 on Wednesday. This led the market...
Data released by the National Bureau of Statistics (NBS) has shown that the manufacturing sector made the highest contribution to the Value Added Tax (VAT) generated...
Daily production of crude oil by Nigeria increased by 9 percent in 2018 to 2.09 million barrels compared to the 1.86 million barrels daily production in...
The Nigerian National Petroleum Corporation (NNPC) has said none of the country’s refineries has undergone Turn Around Maintainance (TAM) in 42 years. The Group Managing Director,...
Documents from the Debt Management Office (DMO) showed that the Federal Government spent a whopping N2.21 trillion to service domestic debts in the first nine months...
The Nigerian National Petroleum Corporation, NNPC, has called on Nigerians to report any filling station in the country selling petrol above the official pump price of...
It is 11:30am and traders and buyers who had come from different parts of the country were seen moving from one direction to the other at...
The Federal Inland Revenue Service, FIRS, has said it remitted a total of N4.62tn into the Federation Account between January and November, 2018. This is according...
The aviation industry may begin the new year with a strike action by workers in the sector except the management of the Nigerian Civil Aviation Authority...
The Nigerian Civil Aviation Authority (NCAA) says it has sanctioned four operators for violating the Nigerian Civil Aviation Regulations (NigCARs). Sam Adurogboye, General Manager, Public Relations,...
The Joint Tax Board (JTB), says Nigeria’s database of taxpayers has expanded from 20 million to 35 million. The Executive Secretary of the Board, Oseni Elamah,...
The Nigerian National Petroleum Corporation (NNPC) has said that Federal Government-owned refineries lost N96.34bn in the first nine months of 2018. The refineries, located in Port...
The Federal Government is aiming at achieving a 40 percent energy switch from the consumption of Premium Motor Spirit (petrol), Dual Purpose Kerosene (kerosene) and Automotive...
Telecommunications giant, Globacom is now Nigeria’s second largest Global System for Mobile Communications company in terms of number of subscribers. The company came second after MTN...
The Lagos Chamber of Commerce and Industry has called on the Federal Government to expidite action on the diversification of the Nigerian economy. According to the...
The Central Bank of Nigeria (CBN) has said it would henceforth sanction banks who fail to adhere to its orders on customers complaints resolution. The CBN...
Market capitalization at the Nigerian Stock Exchange (NSE) dropped by N100.2 billion on Thursday as stocks of banks and industrial companies listed on the Exchange recorded...
The Central Bank of Nigeria (CBN) has again intervened in the foreign exchange market by injecting $210 million into the inter-bank sector of the foreign exchange...
The Nigerian National Petroleum Corporation (NNPC) on Thursday, insisted that it acted within the law by withdrawing $1.05 billion from the dividends account of the Nigeria...
The Nigeria Employers’ Consultative Association (NECA) has described as unacceptable, the delay in the implementation of the new national minimum wage by government. The association also...
The prices of crude oil again fell on Thursday after a marginal rally on Wednesday by more than one per cent. Prices had rebounded more than...
The Nigeria Customs Service (NCS) remitted a total of N653.47 billion into the Federation Account between January and November 2018. The NCS revealed this in a...
The Debt Management Office (DMO) has said the Federal Government will be cutting down on domestic short term borrowing in order to achieve longer maturity for...
From a modest N3.9 billion trading surplus in August, the Nigerian National Petroleum Corporation (NNPC) Wednesday, announced a trading surplus of N9.85bn for the month of...
A total grid collapse on December 21 increased Nigeria’s total grid colapse in 2018 to 12, data from the Ministry of Power, Works and Housing has...
The Buhari Media Organisation (BMO) has taken a swipe at the Presidential candidate of the Peoples Democratic Party (PDP) Atiku Abubakar over his stance on the...
The Federal Government has said it is targeting increasing manufacturing exports by $30 billion by 2025 through the development of Special Economic Zones. This was disclosed...
Zainab Ahmed, Minister of Finance, says owners of yachts and private jets will begin paying luxury taxes from 2019. Addressing a press conference in Abuja on...
The Chairman of Forte Oil Plc, Femi Otedola, has announced his decision to sell all his shares in the downstream business of the firm as he...
