The Economic and Financial Crimes Commission (EFCC) has filed a motion for the interim forfeiture of the $2.8 million it seized from the Akanu Ibiam International...
The Central Bank of Nigeria (CBN) and MTN Nigeria have finally reached a settlement on the issue of the $8.1 billion claimed to have been illegally...
Foreign Portfolio Investors (FPI) withdrew more than N94.4 billion in the third quarter of 2018 from the capital market, a member of the Central Bank of...
The Akwa Ibom State government is on the verge of making history with the floating of a state fully owned airline, Ibom Air. This was announced...
The presidential candidate of the Peoples Democratic Party, PDP, Atiku Abubakar, has said the 2019 budget estimates proposal presented by President Muhammadu Buhari to a joint...
The Economic and Financial Crimes Commission (EFCC) has reacted to claims by Union Bank and Bankers Warehouse Limited that the $2.8m (N1.02bn) seized by its operatives...
The Nigerian Labour Congress (NLC) has fixed January 8 as a national day of protest to show anger over the delay in implementing the new minimum...
Union Bank Nigeria Plc has claimed ownership of the $2.8 million intercepted by the Economic and Financial Crimes Commission, EFCC, at the Akanu Ibiam International Airport,...
A newly released audit report by the Nigeria Extractive Industries Transparency Initiative (NEITI) has put Nigeria’s total earnings from crude oil at $677.9 billion, between 1999...
The Nigerian Communications Commission (NCC) has lamented the high level of interconnect debts in the country’s telecommunications industry. According to the commission, if left unchecked, the...
The Standard Organization of Nigeria (SON) has revealed that over 70 percent of lubricants in the country are substandard, as they fall below the quality parameters...
The Minister of Finance, Mrs. Zainab Ahmed, Thursday, contradicted her Permanent Secretary, Mahmoud Dutse, over the withdrawal of $1.68 billion from the Excess Crude Account (ECA)....
The Federal Government’s revenue target for the 2019 budget has again run into murky waters as the Organization of Petroleum Exporting Countries (OPEC) has cut Nigeria’s...
Market capitalization on the Nigeria Stock Exchange shed N39.89bn on Wednesday as the gains recorded in the previous session were pared. The market capitalisation, which stood...
The Securities and Exchange Commission, SEC, has approved new guidelines put forward by the The Nigerian Stock Exchange, NSE, for its new sustainability disclosure guidelines. The...
After a ding dong affair between the Presidency, the Nigerian National Petroleum Corporation, NNPC, and the National Assembly, President Muhammadu Buhari on Wednesday said N305 billion...
The Federation Account Allocation Committee, FAAC, has shared the sum of N812.76 billion between the Federal, states and local governments in the country for the month...
Senate President Bukola Saraki has tasked President Muhammadu Buhari on the need to correct the handling of subsidy on petrol as currently handled by the Nigerian...
The 2019 budget estimates proposal presented to the National Assembly by President Muhammadu Buhari is heavily tilted towards recurrent expenditures, doubling what the executive proposed for...
The National Bureau of Statistics, NBS, has said that Nigeria’s unemployment rate increased to 23.1 in the third quarter of 2018 as against the 18.8 percent...
Figures released by the Central Bank of Nigeria (CBN) have shown that Nigeria’s foreign reserves rose by $1.518bn from $41.523bn on November 22 to $43.041bn as...
The market capitalization at the nation’s stock market witnessed a rebound on Tuesday as the capitalisation of listed equities increased by N74.93bn. The market capitalisation rose...
Nigeria’s 2019 Budget may face hiccups as the current crude oil prices in the international market has fallen below the Budget benchmark. On Monday, crude oil...
The ongoing merger process between Access and Diamond banks has impacted negatively on the shares of Access Bank Plc, as it emerged the biggest loser at...
The Director General of the Budget Office, Ben Akabueze, has revealed that the Federal Government is facing financial challenges with the Federal Government budgeted Independent Revenue...
The World Bank, in a report, has listed Nigeria as the highest destination of remittances from the United Kingdom. According to the bank, Nigerians in the...
The Transmission Company of Nigeria, TCN, has said that Nigeria will exporting excess quantum of electricity that is unutilised in the country to other other West...
Market capitalization took a dip on Monday at the Nigerian Stock Exchange shedding N26.5 billion to close at N11.18 trillion. The negative result was as a...
Italian oil giants and Royal Dutch Shell may have been tacitly indicted of complicity in the controversial sale of OPL 245, as an Italian judge, Giusy...
The Central Bank of Nigeria (CBN) has approved the merger of Diamond Bank with Access, returning a no Objection verdict. The CBN gave the approval in...
The board of Diamond Bank Plc, has announced that it had chosen Access Bank as the preferred bidder for its merger plans. The bank made the...
The Central Bank of Nigeria (CBN) has warned banks in the country to enhance their reporting on fraud related cases in accordance to its directives, adding...
The federal government and the National Assembly are making efforts to avert fuel scarcity during the yelutide season over threats by oil marketers to shut down...
There are conflicting reports trailing the move by Access Bank Plc to acquire Diamond Bank Plc, after denials by both banks that they are in merger...
Nigeria’s Transmission Expansion Programme has attracted $410 million funding from the African Development Bank (AfDB) the Transmission Company of Nigerian, TCN, has said. The funding are...
The already bad state of the Nigerian economy may be in for another major shock, as the National Association of Enterprise Employers (NAEE) organizers of the...
A report by the Central Bank of Nigeria (CBN) has shown that Nigeria recorded $4.54 billion in deficit in the provisional Balance of Payments estimates for...
The Consumer Price Index, measuring inflation rate, increased from 11.26 percent in October to 11.28 percent year-on-year in November, according to the latest inflation report by...
According to a report by the Central Bank of Nigeria (CBN), value of transactions to the Treasury Single Account (TSA) for 2017 moved to N13.53 trillion....
The Federal Government on Thursday said it had filed a $1.1bn lawsuit against the Royal Dutch Shell and Eni in a commercial court in London over...
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has explained that the decision of the administration of President Muhammadu Buhari not to fix Nigeria’s...
Nigeria is owing international oil companies to the tune of $5.1 billion for joint venture cash calls business arrangements, the Nigerian National Petroleum Corporation, NNPC, said...
The Central Bank of Nigeria (CBN) from 2019, will prevent bank bad debtors from assessing further credit from Nigerian banks with the deployment of the Global...
The National Bureau of Statistics (NBS) has said that non-performing loans of Nigerian banks stood at N2.245tn as of the end of September 2018. Accordingto the...
The federal government has filed a $1.1 billion suit against Royal Dutch Shell Plc, Eni and other companies over the much-publicised 2011 Malabu oil deal,arguing that...
President Muhammadu Buhari has written to the National Assembly indicating his intentions to lay the 2019 Appropriation Bill before lawmakers on Wednesday next week. The President...
The Minister of Power, Works and Housing, Babatunde Fashola has declared that the current power challenges faced by Nigerians was none of the business of the...
Except it attains a 100 per cent compliance with its new crude oil supply cut and count on continued production declines in Iran and Venezuela, the...
The Minister of Budget and National Planning, Senator Udo Udoma has predicted that Nigeria’s economy will grow by three percent in 2019. The minister also said...
The Nigerian Electricity Regulatory Commission (NERC) has lamented poor remittances by electricity distribution companies to the Nigerian Bulk Electricity Trading Plc (NBET) for the energy sold...
