The total value of bilateral trade between Nigeria and European Union Member States stood at £25.3 billion, an equivalence of about N8.9 trillion, in 2017. The...
The Central Bank of Nigeria (CBN) has asked the Federal High Court sitting in Lagos to deny MTN Group an injunction that would stop the telecommunication...
The Nigerian National Petroleum Corporation (NNPC) on Thursday said its total crude oil and gas export earnings rose to $416.07 million in June, 2018. A statement...
The African continent is said to be losing over $80 billion to illicit financial flows every year, according to South Africa’s former President, Thabo Mbeki. The...
The Nigerian Stock Exchange (NSE) on Thursday recorded another bearish performance for the third consecutive trading session in spite of positive investors’ sentiment. Today’s negative performance...
The Central Bank of Nigeria (CBN) has blamed the steady decline in the nation’s external reserves on higher yields in the United States. CBN Director of...
It was on Friday evening and I was just making plans on how best I could maximise the weekend when the news broke that the Central...
The World Bank has lowered its growth forecast for Nigeria’s economy in 2018 to 1.9 percent as the growth continued to downsize in the oil and...
The United States (U.S.) is planning to secure a legislative power to sue member countries of the Organisation of Petroleum Exporting Countries (OPEC) as its worries...
The Institute of Chartered Accountants of Nigeria (ICAN) has revealed that the nation’s stunted economic development was attributable to unhealthy politics, poor leadership and the tussle...
The Federal Government has increased the gas flare penalty from N10 per thousand standard cubic feet (SCF) of gas to $2 or N612.8 per thousand SCF...
The Federal government has announced a 90-day special window to register new businesses at a reduced rate of N5000 only. The new rate – for the...
The manufacturing sector Purchasing’ Managing Index (PMI) grew for the eighteenth consecutive month in September, even as it recorded 0.6 index points lower than the preceding...
MTN Group Limited said it may no longer seek to raise capital to finance its operations through an Initial Public Offering (IPO) on the Nigerian Stock...
President Muhammadu Buhari says his administration has put an end to the age-long practice of shady oil deals and non-implementation of public contracts in the country....
The Nigerian Communications Commission (NCC) says its partnership with the Nigeria Security and Civil Defence Corps (NSCDC) has led to the arrest of four pre-registered Subscriber...
The Central Bank of Nigeria (CBN) says there was an increase in the demand for corporate credit from all business sizes in the third quarter of...
President of Ghana, Nana Akufo-Addo has stressed that Nigeria needs to get it’s policy formulation and implementation right, by necessitating value addition, particularly in the oil...
Following the industrial action embarked upon by organised labour unions over the implementation of the new national minimum wage, indications have emerged that there may soon...
The 7-day warning strike called by Labour unions in the country, Thursday recorded partial success in parts of the country. The partial success was however due...
The Bureau of Public Enterprises (BPE) has disclosed that 19 companies have indicated interest to acquire Afam Power Generation Company and Yola Power Distribution Company (YPDC)...
Following the passage of the Nigerian Financial Intelligence Agency Bill, the Egmont Group of Financial Intelligence Units has lifted the suspension it placed on the Nigerian...
The Federation Account Allocation Committee (FAAC) has shared a total of N741.84 billion to the federal, states and the local governments, the first disbursement by FAAC...
The Economic and Financial Crime Commission (EFCC) has commenced investigation of directors of the defunct Skye Bank with a view to prosecute them. This is according...
The Minister of State for Aviation, Hadi Sirika, said the processes leading to the establishment of a new national carrier, Nigeria Air, was not suspended because...
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has cleared the air on why it changed the defunct Skye Bank’s name to Polaris Bank,...
In spite of the reversal in downward inflationary trend and slowing economic growth in the country, the Monetary Policy Committee (MPC) of the Central Bank of...
Nigerians have been advised to use the next few hours to stockpile food and other necessities if the Federal Government fails to meet the demands of...
The Federal Government will sell 10 state-owned companies in the fourth quarter of this year to fund the 2018 budget, according to the Bureau of Public...
A presidential aspirant of the African Action Congress (AAC), Omoyele Sowore, has argued that raising minimum wage of workers in the country’s civil service would not...
In what has remained a curious move, the Federal Government, on Monday, ordered the recall of the second tranche of the London and Paris Club Refunds...
Fifteen years after the defunct Nigeria Airways Limited stopped operations in the country, the Federal Government has approved the sum of N22.68 billion for the payment...
The former Minister of Finance, Ngozi Okonjo-Iweala, has expressed worries over the rising debt profile of African countries including Nigeria. The former minister, who made this...
The Nigerian National Petroleum Corporation (NNPC) has denied media reports alleging that the Nigeria Police Force (NPF) recovered $470.5 million and N8 billion of the corporation’s...
The Central Bank of Nigeria (CBN) has revoked the operating license of Skye Bank. The CBN Governor, Godwin Emefiele, and the Managing Director of the Nigeria...
Fuel scarcity may be imminent as the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Association (PENGASSAN) have...
The Nigerian National Petroleum Corporation (NNPC) has said it recorded a trading surplus of ₦17.16 billion in April. In a statement on Thursday in Abuja by...
The Statistician General of the Federation, Dr. Yemi Kale, said the National Bureau of Statistics (NBS) would soon commence the Nigeria Living Standard Survey (NLSS) to...
The Central Bank of Nigeria (CBN) said it was reviewing the information provided by Nigeria’s telecommunication giant, MTN Nigeria, and four banks it recently sectioned over...
The Senior Staff Association of Nigerians Universities, SSANU, has accused the Federal Government of insincerity in its dealings with the negotiation team on the new national...
No fewer than twenty states in the country would not be able to cover all recurrent expenditure without resorting to borrowing. This was contained in the...
The Manufacturers Association of Nigeria (MAN) has said that the Nigeria Employers Consultative Association (NECA) is not its representative at the tripartite committee set up by...
The Presidency said Zainab Ahmed would likely be the substantive Minister of Finance. The Special Adviser to the President on Media and Publicity, Femi Adesina, confirmed...
Exactly two months after the official launch of the logo and name of the proposed national carrier, Nigeria Air, the Federal Government has suspended the project....
The Federal Government has said the reason why many Nigerians are not feeling the impact of the country’s exit from recession was due to its high...
The Oyo State government has shut down Obasanjo Farms, belonging to former president Olusegun Obasanjo. It also shut down 15 other businesses for failing to pay...
The Federal Government has sold its 21 percent stake in the Nigeria Security Printing and Minting Company (NSPMC) to the Central Bank of Nigeria (CBN). The...
In spite of the drop in the average pump price of Premium Motor Spirit, otherwise known as petrol, in the Federal Capital Territory (FCT), Abuja, and...
Zainab Ahmed, who is acting minister of finance, said Monday that Nigeria’s economy faced “challenging times” as she formally assumed duty. President Muhammadu Buhari appointed her...
The Central Bank of Nigeria (CBN) said it will impose N10,000 fine per item for every failed NIP transaction caused by any financial institution operating in...
