The Federal Inland Revenue Service, FIRS, said it has so far generated N5 trillion by the second week of December, 2018. According a statement by the...
Prices of crude oil in the international market have rebounded after the most recent production cut deal reached by the Organization of Petroleum Exporting Countries (OPEC)...
International rating agency, Moody’s has said Nigeria’s credit rating is being constrained by the sovereign balance sheet’s continued exposure to shocks because the government has not...
Digital payment in the country has witnessed a significant increase, jumping to 16 percent in 2018 from 12 percent achieved in 2016, a newly unveiled 2018...
The inflow of investment into Nigeria declined by $2.66 billion between the second and third quarter of this year, figures released by the National Bureau of...
The First Deputy Managing Director of the International Monetary Fund, IMF, David Lipton, Tuesday, warned that `storm clouds’ were gathering over the global economy. According to...
The Council of the Islamic Financial Services Board (IFSB) headquartered in Kuala Lumpur, Malaysia, has approved the full membership of the Nigeria Deposit Insurance Corporation (NDIC)...
The Transmission Company of Nigeria, TCN, has declared that Nigerians will never have stable electricity except the distribution companies in the country recapitalize. According to the...
The Central Bank of Nigeria, CBN, Monday, removed fertilizer from products for which foreign exchange can be accessed for importation. The CBN, by the action, has...
The second Federal Government N100 billion Ijarah Sukuk has been listed on the Nigerian Stock Exchange (NSE) by the Debt Management Office (DMO). The Director-General, DMO,...
The National Bureau of Statistics, NBS, has said that the nation’s Gross Domestic Product, GDP, grew to 1.81 percent (year-on-year) in real terms in the third...
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said the Organisation of Petroleum Exporting Countries (OPEC) did not grant Nigeria further exemption in...
The National Information Technology Development Agency (NITDA) has said that startups in the information technology sector contributed $101 million to the Nigerian economy in the first...
The Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, have suspended its shutdown directives to its members. The association also directed its members to recall...
The Central Bank of Nigeria (CBN) has concluded plans to setup a National Micro Finance Bank to enhance financial inclusion, and credit to the agricultural sector...
The Federal Government has concluded plans to pay oil marketers under the aegis of Major Oil Marketers Association of Nigeria, (MOMAN) and the Depot and Petroleum...
The Nigerian National Petroleum Corporation, (NNPC) on Saturday justified its withdrawal of $2.201 billion from the Nigerian Liquefied Natural Gas (NLNG) fund, insisting that the corporation...
Independent Petroleum Marketers Association of Nigeria (IPMAN) has cried out over inadequate availability of petroleum products at their stations, saying their members are being sent out...
The Transmission Company of Nigeria (TCN) has said the transmission capacity of the country has increased to 8100 megawatts from 5000 megawatts three years ago. This,...
Nigeria has agreed to cut 40,000 out of her 1.7 million barrels per day crude oil production after two days of touchy negotiations in Vienna capital...
Oil marketers on Saturday, denied signing any agreement with the Federal Government over the lingering N800 billion subsidy arrears. The oil marketers also insisted that their...
The Federal Executive Council (FEC) at a special meeting on Friday, has approved the proposals for the 2019 budget. The special meeting, which was called and...
The Federal Government, Thursday, issued another N100bn seven-year Sukuk. The new Sukkuk bond will be due in 2025, according to a statement published on the website...
The Nigerian Communications Commission (NCC) has said Ministries, Departments and Agencies (MDAs) of state governments are hampering access to telecommunications in the country. Executive Commissioner, Stakeholder...
The Federal Government and petroleum marketers have finally reached an agreement on how outstanding subsidy claims would be settled by government. The oil marketers and representatives...
The gains recorded on Tuesday and Wednesday at the Nigerian Stock Exchange (NSE) were reversed on Thursday as sell-offs resumed. The market capitalisation of equities listed...
President Muhammadu Buhari has declared his readiness to sign the Petroleum Industry Governance Bill into law once the bill was presented to him. The president made...
The Organisation of Petroleum Exporting Countries (OPEC) may find it hard convincing Nigeria to accept a crude oil production cut, as the Minister of State for...
Speaker of the House of Representatives, Hon Yakubu Dogara, has assured stakeholders in the oil and gas sector that the National Assembly will ensure that all...
The Nigerian Stock Exchange, NSE, has said that the country’s Exchange Traded Products, ETPs, recorded cumulative average growth rate of 8 percent over the last four...
Sell pressure occassioned by the fast approaching yelutide celebrations and the 2019 general elections caused the net worth of investors on the Nigerian Stock Exchange, NSE,...
If delegates to Thursday’s meeting of the Organization of Petroleum Exporting Countries (OPEC) have their way, Nigeria and Libya would join in proposed crude oil production...
The Federal Government has made the National Identification Number (NIN) compulsory for all workers under the Contributory Pension Scheme. According to a circular from the National...
After the Federal Executive Council (FEC) meeting which was presided over by the Vice President, Prof. Yemi Osinbajo on Wednesday, President Muhammadu Buhari has called for...
The prices of crude oil fell on Wednesday largely due to swelling supply glut and signs of an economic slowdown just a day before a crucial...
The Nigerian National Petroleum Corporation (NNPC) has said that over $800 million (N244.8 billion) had been lost to breaches in the Trans Forcados Pipeline this year....
The Central Bank of Nigeria (CBN) has said it was ready to partner with the Economic and Financial Crimes Commission (EFCC) in order to expose and...
The Federal Government has taken the drive for investors into the country’s mining sector to the London Stock Exchange (LSE) saying the sector is full of...
Telecommunication firm, MTN Nigeria Communications Limited, on Tuesday, asked the Federal High Court in Lagos for a further adjournment in the suit it filed to challenge...
The Securities and Exchange Commission (SEC) has emphasized on the need to utilise Green Bonds in the nation’s bid to finance closing up Nigeria’s huge infrastructure...
Revenue acruable to government from non-oil exports dropped to N258.93 billion in October from N354.38 in September. The figure is also far below Nigeria’s monthly budget...
The suit brought by MTN Nigeria Limited challenging the legality of the assessment of N242 billion and $1.3 billion by the Attorney General of the Federation,...
The Shell Petroleum Development Company of Nigeria Limited at the weekend in Abuja signed an agreement with Geometric Power Aba Limited to support the 140-megawatts Aba...
The stock market in the country made a loss of N581 billion in the month of November, substantially on the heels of sell offs. Market capitalisation...
The rising debt profile of the Nigerian government cost it extra N247.46 billion in domestic debt servicing in 2017, statistics from the Debt Management Office (DMO)...
The Central Bank of Nigeria (CBN) has revealed that the country recorded a decline in its monthly food import bill from $665.4 in January 2015 to...
The Nigerian Government has said distribution companies in the country have failed to meet the performance agreements signed by them during the privatisation of the power...
The Central Bank of Nigeria (CBN) has said that it expects inflation rate in the country to increase to 11.4 percent for the remaining part of...
There are growing fears over possible fuel scarcity as oil marketers have given the federal government a seven-day ultimatum to settle outstanding debts totalling N800 billion,...
A report by the Global System for Mobile Association (GSMA) has said that the mobile technology ecosystem generated $1.8bn revenue in form of taxes to the...
