It seems all hope is not lost on the suspended national carrier project, Nigeria Air, as the Minister of State for Aviation, Hadi Sirika, said the...
As part of its economic diversification drive, the federal government on Monday said it has issued the first gold refining license in the country. Speaking at...
Following expected shortfall in independent revenue and recoveries, fiscal deficit in the 2018 budget is likely to widen by about 132 percent, according to a report...
The Central Bank of Nigeria (CBN) has again revoked the operating licenses of nine (9) microfinance banks in Niger State, the National Association of Microfinance Banks...
As listed companies continued to release their earnings results for the nine-month ended September 30, 2018, the stock market has continued to head north in response...
Pension Fund Administrators (PFAs) have invested a total sum of about N4.22 trillion in Federal Government’s Bonds in August. Data obtained from the National Pension Commission...
One of the fastest and most reliable ways of building financial wealth and planning for retirement in this challenging economy is investing your little earnings rather...
Shu’aibu Alfa, member, ministerial committee on the verification of payment of the retirement benefits of former workers of Nigerian Airways, says 900 retirees died while awaiting...
A hearing in the court case between MTN and the Central Bank of Nigeria (CBN) in a disagreement over the alleged repatriation of $8.1 billion by...
Following concerns over the nation’s rising debt profile and dwindling revenue, the Federal Government said it was planning to reduce its fiscal plan for the first...
Human rights lawyer, Femi Falana, has alleged that $12.7 billion worth of crude oil was stolen from the country between 2011 and 2014. Falana made the...
The Minister of Power, Works and Housing, Babatunde Fashola, has declared that the nation’s electricity problems cannot be solved by magic. He said the problem of...
Governor Yahaya Bello of Kogi State says the federal government is not planning to sell the Ajaokuta Steel Complex. Bello said this on Thursday after meeting...
The Director-General of the Debt Management Office (DMO), , said the Federal Government would float the second tranche of N100 billion Sukuk Bond in December. Sukuk...
Nigeria’s foreign exchange reserves have dropped by $4.88 billion to reach its lowest level in more than seven (7) months, data from the Central Bank of...
Barely a week after the World Bank Group ranked Nigeria among the seven worst nations in the world in its Human Capital Index (HCI), the country...
The Federal Executive Council (FEC) has approved the implementation of the no-work-no-pay principle when workers go on strike in the federal public service. Minister of Labour...
The Federal Executive Council (FEC) has approved six transaction parties to advise the Federal Government on the issuance of $2.78 billion Eurobonds and other securities in...
The Nigerian Senate In Wednesday, passed a resolution calling on the Central Bank of Nigeria (CBN) to suspend the excessive ATM card maintenance charges being deducted...
As the 2019 general elections draw near, some commercial banks plan to cut lending to avert risks, Ike Chioke, Managing Director, Afrinvest West Africa Limited, has...
The Nigerian senate has set up an ad hoc committee to probe a $3.5 billion “subsidy recovery fund” said to be managed by Maikanti Baru, Group...
The Federal Government on Tuesday said the solid minerals sector in the country is set to receive $3.3 billion foreign investment. The Minister of State in...
Nigeria’s inflation rate has risen for the second consecutive month in September on continued shortage of food supply in the market, data from the National Bureau...
Nigeria’s former minister of Education, Oby Ezekwesili, has advised the Federal Government to suspend its plan to raise $2.78 billion in Eurobond as part of capital...
Trading on the floor of the Nigerian Stock Exchange (NSE) turned bearish on Monday to open the new week after recording gains in the last two...
The Minister of Finance, Zainab Ahmed, says the recent Human Capital Development Index (HCI) by the World Bank Group, which ranked Nigeria as the sixth worst...
The governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has said it is better to maintain stable exchange rate to avoid Naira depreciation than to...
The Shippers Council of Niger has abandoned a Memorandum of Understanding (MoU) it signed with the Nigeria Shippers’ Council (NSC) to ship transit cargo through Nigeria,...
The management of Aso Savings and Loans Plc has requested that the Federal Government should take possession of some of its properties in settlement for a...
The Federal Government has admitted that Nigeria is in debt distress as pointed out by the International Monetary Fund (IMF) on Thursday. The Director of African...
Following Nigeria’s recent emergence as the new world’s poverty capital, the country has again bagged the sixth worst nation in World Bank Group maiden Human Capital...
The ongoing picketing at the Murtala Mohammed Airport 2 (MMA2) Lagos by aviation unions, has forced airlines to make alternative arrangements to fly their passengers. The...
The Federal Government has announced the issuance of a second tranche of N100 billion Sukuk Bond to finance road infrastructure across the country. The approval for...
The Asset Management Corporation of Nigeria (AMCON) has said it wants a quick sale of Polaris Bank, the bridge bank appointed to take over all the...
The International Monetary Fund (IMF) has said Nigeria needs to be cautious of the current depletion in its foreign reserves, noting that the normalization of interest...
It is a major red day for Asian markets as they plunged Thursday morning following the worst session on Wall Street for months, in the aftermath...
The Federal Government has released a total of N460 billion out of the N9.12 trillion estimated in the 2018 national budget. The amount is part the...
President Muhammadu Buhari on Tuesday wrote to the Senate seeking approval to raise $2.78 billion Eurobonds as part of the capital funding for the 2018 national...
The Debt Management Office (DMO) has said it was partnering with Nigerian Stock Exchange (NSE), Bloomberg and other relevant bodies to develop Nigeria’s infrastructure. The debt...
The presidential candidate of the Social Democratic Party (SDP)), Donald Duke, has expressed worry over Nigeria’s growing debt to China and other foreign countries. He said...
The Federal Government said it will formally address stakeholders in the aviation sector and the general public later this month on why it suspended the national...
The Nigerian Stock Exchange (NSE) has announced the suspension of trading in the shares of six companies listed on the local bourse over failure to file...
MTN shares rose this morning (Monday) by 2.55 percent on the Johannesburg Stock Exchange (JSE) after the Central Bank of Nigeria (CBN) said it may reduce...
The Central Bank of Nigeria (CBN) said it expects to maintain its tight monetary policy stance until the inflationary pressures ease towards it target band as...
The Central Bank of Nigeria (CBN) has said latest documents provided by MTN Nigeria and its four banks may lead to a reduction in $8.1 billion claim...
State governments have borrowed a total of N151.95 billion of the total pension fund assets invested by pension fund operators in the country as of June...
Following two consecutive weeks of gains recorded on the floor of the Nigerian Stock Exchange (NSE), the stock market this week closed on a bearish note,...
The Federal Government has assured Nigerians that everyone responsible for the failure of the defunct Skye Bank will be prosecuted. The Minister of Finance, Zainab Ahmed,...
The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has expressed fear over a likelihood of rice shortage across the country next year, which may...
The Minister of State for Petroleum, Ibe Kachikwu, has said the Federal Government was working on a policy that would ensure the country refines 50 percent...
