The low capital base of insurance companies in the country has adversely affected their capacity in the business, the Commissioner for Insurance and Chief Executive Officer,...
The Minister of Works, Power and Housing, Mr. Babatunde Fashola, has thumbed up the administration of President Muhammadu Buhari, saying the administration has increased power generation,...
Two commercial banks in the country, Diamond Bank Plc and Access Bank Plc have denied reports that the two banks are in merger or acquisition talks....
There are indications that the Federal Government is set to begin fresh negotiations with preferred bidders for three power generation plants of the National Independent Power...
Eight banks in the country have been fined a total of N102.7 million by the The Nigerian Stock Exchange for the failure to file their financial...
The Federal Government has restated its commitment to the enforcement of laws banning some classes of imported goods into the country. The Minister of Labour and...
The Nigerian National Petroleum Corporation (NNPC) has said money alleged to have been diverted from the dividend from the Nigeria Liquefied Natural Gas (NLNG) company was...
The federal government has announced that the entire process of branding and unveiling of the suspended national carrier project, Nigeria Air, in London cost about N50,893,000....
The International Monetary Fund (IMF) has raised the alarm that Nigeria currently spends over 50% of its revenue to service debts. According to the IMF, the...
Nigeria’s Security Exchange Commission (SEC) on Tuesday invalidated the 48th annual general meeting (AGM) of NEM Insurance held in June and all the resolutions reached at...
Critical steps required to deepen Nigeria’s debt market was the focus of discourse in Lagos as the Annual Bonds, Loans and Sukuk Nigeria Conference was held...
The Minister of State for Aviation, Hadi Sirika, says the Nigeria Air project is still on track. He said the project followed due process and is...
The Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Wednesday, defended the rising debt profile of the country, insisting that it is good debt...
Governor Nasir El-rufai of Kaduna State has asked the Federal Government to hands off the Value Added Tax (VAT) declaring that it was the business of...
Total tax collections by the 26 state governments in the country has increased astronomically in the last few years, the Federal Inland Revenue Service (FIRS) has...
The Nigerian National Petroleum Corporation (NNPC) has said its crude oil and gas export sale in August 2018 was $470 million, indicating an increase of about...
The heavy raining season this year has caused devastating damages to the over $4.5 billion refinery of Africa’s richest man, Aliko Dangote. Dangote, who is the...
The disputes between MTN Nigeria and Nigerian authorities over $10 billion in repatriated funds and back taxes could increase risk in South Africa’s financial system depending...
The Central Bank of Nigeria (CBN) has said Nigeria is leading other Africa nations and one of the top five (5) globally in remittances inflows. CBN...
President Muhammadu Buhari has appealed to the National Assemby to expedite action on the 2019-2021 Medium Term Expenditure Framework and Fiscal Strategy Paper to aid the...
The African Development Bank has announced that it is going to invest $500 million into citywide sanitation in urban communities in sub-Sahara Africa. The bank made...
The Nigerian Stock Exchange (NSE) on Tuesday lifted the suspension it placed on trading in the shares of four listed companies after over a year. This...
The upper chamber of the National Assembly will today (Tuesday) probe claims by the Nigerian National Petroleum Corporation (NNPC) on the rationale behind the diversion of...
Nigerians in the habit of criticising the administration of President Muhammadu Buhari of borrowing too much have been asked to advise the administration of where to...
The nation may be set for another round of industrial unrest as state governors have said states can only pay N22,500 as new minimum wage contrary...
The Socio-Economic Rights and Accountability Project (SERAP) has called on the federal government to “move swiftly” in recovering unpaid taxes by some evading companies in the...
The Nigerian National Petroleum Corporation (NNPC) has debunked media reports about federal government’s plan to review the pump price of petroleum products, particularly Premium Motor Spirit...
A Federal High Court sitting in Lagos has adjourned till December to hear a case between MTN Nigeria and the Central Bank of Nigeria (CBN) in...
The board of directors of Nigerian Breweries Plc. has recommended an interim dividend of N4.8 billion to its shareholders. The total dividend translates to 60 kobo...
The Nigerian Extractive Industries Transparency Initiative (NEITI) has clarified media reports about $22 billion missing from the Federation Account in President Muhammadu Buhari’s administration. The Executive...
The meeting the federal government called to discuss new minimum wage with organised labour was deadlocked on Monday. Vice-President Yemi Osinbajo, Chris Ngige, minister of labour,...
Following price gains in Dangote Cement and Guarantee Trust Bank, the Nigerian Stock Exchange (NSE) recorded another positive performance for the third consecutive day to kick...
The Nigerian National Petroleum Corporation (NNPC) and some companies in the oil and gas sector of the country have failed to remit a total revenue of...
Nigeria has ranked fourth among other African nations in the list of Foreign Direct Investment (FDI) Projects to Africa, as the United States, the single largest...
MTN Group, a telecommunication company in Africa, said its number of subscribers increased by 1.1 percent in the third quarter of 2018 amidst sanctions placed on...
Owing to dwindling revenue of Nigeria and rising cost of servicing new loans, the federal government has stressed the need to part finance 2018 budget with...
Tier-2 financial institution, Diamond Bank Plc. has denied media reports that it was in talks with new investors to raise fresh capital for the company. It...
A sub-committee on Capital Market and Institutions of the House of Representatives has ordered the Securities and Exchange Commission (SEC) to take over Capital Oil Plc....
The Federal Account Allocation Committee (FAAC) has disbursed a total of N689.71 billion to the federal, state and local governments as revenue allocation for the month...
The shares of Diamond Bank trading on the floor of the Nigerian Stock Exchange (NSE) rose to their highest level in four (4) months on Thursday...
The Director of Budget in the Ministry of Budget and National Planning, Ben Akabueze, has said that the country does not have a debt problem but...
The Federal Government of Nigeria has proposed a budget estimate of N8.73 trillion for the 2019 fiscal year. The 2019 budget proposal is N400 billion lower...
A former governor of Anambra State and Vice-Presidential candidate of the Peoples Democratic Party (PDP) in the 2019 general elections, Peter Obi, has accused the present...
The International Monetary Fund (IMF) has called on the federal government to urgently review its tax policies to block leakages and diversify its revenue base. IMF...
In a bid to tackle the challenges of inadequate capital in microfinance banks (MFBs) in the country, the Central Bank of Nigeria (CBN) has raised the...
The Asset Management Corporation of Nigeria (AMCON), in its recently released list of debtors, has indicted some business men, former and serving political office holders in...
The Federal Government is set to carve out five companies from the Nigerian Postal Service (NIPOST), according to the Minister of Communications, Adebayo Shittu. Shittu, in...
The Federal Government has said it is working on a policy that will put a ceiling to the number of children a mother can have in...
The Minister of Finance, Zainab Ahmed, has described the recent sanctions placed on MTN Nigeria by the Central Bank of Nigeria (CBN) over $8.1 billion repatriated...
The House of Representatives has approved President Muhammadu Buhari’s request to borrow $2.78 billion as part of capital funding for the 2018 budget, even as it...
