The Nigerian Senate Committee on Gas has demanded the schedule of 45 withdrawals made from the accounts of the Nigeria Liquefied Natural Gas (NLNG) from 1999...
The Minister of Communications, Adebayo Shittu, has revealed that Foreign Direct Investment (FDI) in the Information and Communication Technology sector grew by $8 billion from $32...
The Central Bank of Nigeria, CBN, said on Thursday that it would monitor banks’ lending to politicians to finance their spending for the 2019 general elections....
The Presidency on Thursday said the non-passage of the Medium Term Expenditure Framework/Fiscal Strategy Paper by the National Assembly is responsible for the delay in the...
The Bureau of Public Enterprises (BPE) has said that the privitisation of public enterprises in the country has freed up over $3 billion consumed by Public...
The Monetary Policy Rate (MPR) has been left unchanged at 14% after a meeting of the Central Bank of Nigeria (CBN) Monetary Policy Committee meeting ended...
The Nigeria National Petroleum Corporation (NNPC) has said that it would devise measures to solicit funds for operators in the country’s oil and gas industry in...
A New Liquefied Natural Gas plant with a capacity of 2,250 tonnes per day has been inaugurated by Greenville Oil and Gas Company Limited in Rivers...
The Central Bank of Nigeria (CBN) Wednesday injected $210 million into the foreign exchange market to help stabilize the naira. Figures from the bank showed that...
In a bid to ensure that there is transparency in the process of selling off national assets to the private sector, the Bureau of Public Enterprises...
Spending by African consumers is set to increase to about $2.1 trillion by year 2025 up from $1.5 trillion in 2015, the Director General of the...
Prices of crude oil slumped on Tuesday at the international market, ending four days of price gains. The slump has been attributed to rising inventory in...
Nigeria has started exporting cassava chips to parts of Europe, specifically, Germany through the Pacific Ring West Africa (PRWA) company. The Executive Secretary, Nigerian Export Promotion...
The National Pension Commission, PenCom, has said Nigerian banks borrowed a total of N764.32bn from pension funds under the Contributory Pension Scheme, CPS. The commission added...
The country’s inflation rate dropped by 0.02% from 11.28% in September to 11.26% in October, the National Bureau of Statistics (NBS) has said. This followed the...
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, Tuesday, admitted that Nigeria has an energy dilemma that needs to be addressed in order to...
The Securities and Exchange Commission (SEC) has called for the listing of government owned companies to be listed on the Nigerian Stock Exchange (NSE). The call...
Ten states in the country may experience communication blackout as the Kogi State government has sealed telecommunications hub sites in the state over unmet tax demands...
The Debt Management Office (DMO) has blamed the National Assembly for its inability to issue bonds to clear the debts owed oil marketers in the country....
The Federal Government has said it is targeting a 30% renewable energy composition in the country’s energy mix by 2030. The Minister of Power, Works and...
The Nigerian Electricity Regulatory Commission (NERC) has issued six new power generation licenses to investors willing to invest in the nation’s power sector. According to the...
In a bid to rebalance the ratio between local and foreign debts, the Federal Government has said it plans to increase borrowing from foreign sources in...
The Central Bank of Nigeria (CBN), has said that the nation’s federally collected revenue for the third quarter of this year rose by 8.9 per cent...
There are indications that some insurance companies in the country may face hard times in the nearest future as the Federal Government is about releasing new...
The Federation Account Allocation Committee (FAAC) disbursed a total of N6.226 trillion to federal, states and local governments in the country in the first three quarters...
Oil marketers in the country have cried out over the continued delay by the Federal Government in paying subsidy arrears accrued to them. According to the...
The reality of the harsh economic climate in the country has forced the Federal Government to down on its projected independent revenue from N847.95bn in 2018...
The National Lottery Regulatory Commission, NLRC, has said it sealed the premises of Nigeria Breweries Plc because of its refusal to pay the Federal Government revenue...
The Eid-El-Maulud holiday declared by the Federal Government for Tuesday 20th of November has forced the Central Bank of Nigeria (CBN) to postpone the November two-day...
The Federal Government has approved the sum of N60 billion as subsidy to drive down the price of rice in the country. This was disclosed by...
The Nigerian National Petroleum Corporation (NNPC) has said the Kaduna Refinery and Petrochemical Company accrued loss totalling N18.67 billion in seven months this year as it...
Licensed clearing agents have decried the proliferation of Customs units at Lagos ports, alleging that they are being used for extortion and encumber clearance of goods....
The process for the partial commercialisation of River Basins Development Authorities in the country by the Bureau of Public Enterprises, BPE, has commenced. The partial commercialisation...
The Minister of Transportation, Mr. Rotimi Amaechi, has made some clarifications on the withdrawal of General Electric from railway concession in the country, insisting that the...
President Muhammadu Buhari has given approval for the renewal of three Oil Mining Licences (OMLs) held by Seplat Petroleum Development Company Plc. The firm stated this...
The Minister of Transportation, Rotimi Amaechi, Thursday, downplayed the effect of the withdrawal of General Electric (GE) from the consortium that won the country’s railway concession,...
A report by the Nigeria Deposit Insurance Corporation, NDIC has indicated that 10 Deposit Money Banks in the country accounted for about 87.63 per cent of...
The Nigerian Postal Service, NIPOST, through its Courier Regulatory Department, CRD, has revoked the licences of 30 courier companies in the country for flouting industry regulations....
The Nigerian Stock Exchange market indices further dropped on Thursday to 31,864 points over renewed pressure to sell by investors. The All-Share Index on dipped by...
GE has handed the rail concession arrangement it has with Nigeria to its parners, Transnet SOC Limited. The development is believed to be part of its...
The U.S. Department of Agriculture (USDA) has projected that Nigeria will become the world’s biggest rice importer after China. According to the USDA, Nigeria’s importation of...
The National Bureau of Statistics (NBS) has said failure of the Federal Government to release money to it is responsible for the non-release of the nation’s...
The Bureau of Public Enterprises (BPE) has commenced the process of restructuring the Nigeria Postal Service (NIPOST) as it has hired KPMG LLP to advise it...
The Central Bank of Nigeria (CBN), Wednesday revealed that money deposit banks in the country have refunded about N72.2 billion to customers in 13,715 complaints. This...
The Federal Government of Nigeria on Wednesday successfully raised a new $2.86 billion Eurobond. The $2.86 billion however came at a higher interest rate, a move...
Justice A. Obiozor of the Federal High Court in Ikoyi, Lagos on Tuesday ordered the final forfeiture of the sums of N1,260,000,000, $327,132.35, £167.85 and €157.90...
The price of cocoa beans in Nigeria has jumped by 21% in the last three weeks due to fears that the output of the commodity may...
The Nigerian Senate has frowned against attempts by the Federal Government to reduce the $8.1 billion fine imposed on MTN Nigeria, to $800 million. The Senate,...
Telecommunication giants, MTN and Airtel have concluded plans to obtain mobile banking licence from the Central Bank of Nigeria (CBN) as they prepare to enter the...
Babatunde Fashola, the Minister of Power, Works and Housing, says the Federal Government has awarded N206 billion contract for the main work on the Second Niger...
