As a part of measures to promote Made-in-Nigeria goods that would meet international standards, the Bank of Industry (BOI) has provided a total of N400 million...
Indications have emerged that the N500 billion palliative package offered by the Federal Government to cushion the effects of the recent increase in the pump price...
The Chief Executive Officer of Ethiopian Airlines, Tewolde Gebremariam, said his company is the frontrunner to set up and manage Nigeria’s new national carrier, Nigeria Air....
The Minister of State for Mines and Steel Development, Abubakar Bawa Bwari, has lamented that Nigeria spends up to $4.5 billion on steel imports yearly. The...
The Federal Mortgage Bank of Nigeria (FMBN) said it had commenced the implementation of the new conditions for accessing loans from the National Housing Fund (NHF)....
The Manufacturers Association of Nigeria (MAN) Thursday said the government’s reforms in manufacturing were not viable enough to spur growth in the sector. Speaking at the...
Some shareholders of 9mobile (formerly Etisalat) have warned against the sale of the telecommunication firm in view of a pending case before the Federal High Court...
The trade volume between the Association of Southeast Asian Nations (ASEAN) and Nigeria in 2017 stood at $7.7 billion, the Malaysia High Commissioner-designate to Nigeria, Gloria...
The Federal Government, through the Bank of Industry (BOI), has disbursed MarketMoni loans to 31,594 microenterprises in Lagos State MarketMoni loans are zero-interest loans available under...
The stock market extended its bearish performance into the fifth consecutive trading session on Thursday as equities investors lost a total of N94.36 billion over the losing streak on sustained...
Nigeria’s foreign exchange reserves have dropped by over $1 billion in the last five weeks, available data from the Central Bank of Nigeria (CBN) showed on...
The Nigerian National Petroleum Corporation (NNPC) has called for alternative financing models for funding its Joint Venture (JV) obligations. A statement by NNPC spokesman, Ndu Ughamadu,...
The Nigeria Customs Service (NCS), Federal Operations Unit, Zone A, Ikeja says it has seized 2,748 cartons of DSP codeine cough syrup worth N1,175,200,000 between July...
The Nigerian Stock Exchange (NSE) said it had lifted the suspension it placed on the trading in the shares of Conoil Plc. effective today, Wednesday, August...
The Naira on Tuesday depreciated to N362.30 per dollar in the Investors and Exporters’ (I&E) window, even as the Central Bank of Nigeria (CBN) injected $210...
The Central Bank of Nigeria (CBN) may consider raising its key lending rate for the first time in two years if the inflation rate fails to...
The Chartered Institute of Bankers of Nigeria on Monday said it has been appointed by the Central Bank of Nigeria as the secretariat for the Alternative...
The Nigerian Communications Commission (NCC) has signed a new Memorandum of Understanding (MoU) with the National Lottery Regulatory Commission (NLRC) to use telecommunications networks for the...
The Federal Government has offered for subscription two savings bonds to investors for August 2018 as part of the capital raising for the 2018 Budget. The...
Nigeria imported 4.79 billion litres of Premium Motor Spirit (PMS), known as petrol, between April and June, 2018, the latest petroleum products importation statistics by the...
The Abuja Electricity Distribution Company (AEDC) said it was ready to deploy 222,728 prepaid meters for its customers in the Federal Capital Territory, Kogi, Niger and...
The Nigerian Stock Exchange (NSE) has announced the suspension of trading in the shares of Conoil Plc. over failure to file its financial accounts as stipulated...
Nigeria’s inflation rate is expected to drop Year-on-Year (YoY) for the eighteenth month to 11.01 percent in July, FSDH has said. The index, according to the...
About 250,000 direct jobs and 1.25 million indirect jobs have been created under the Central Bank of Nigeria’s (CBN) Anchor Borrowers’ Programme, the Nigerian Incentive-Based Risk...
Nigeria may soon become the third largest exporter of gas in the world if the ongoing plans of the Nigeria Liquefied Natural Gas (NLNG) Ltd to...
The World Bank said it is making plans to increase its funding to Nigeria by $4.5 billion over the next three years. The Vice President of...
The Minister of Power, Works and Housing, Babatunde Fashola, says Nigeria’s current power generation has reached 7000 Mega Watts (MW), while distribution stands at an “all-time...
The Transmission Company of Nigeria (TCN) said it had recovered no fewer than 693 containers of power equipment abandoned at ports due to tariff in the...
The Fiscal Responsibility Commission (FRC) said the Federal Government has generated a total of N1.4 trillion through payment of operating surplus in 11 years. It said...
The Central Bank of Nigeria (CBN) said it has commenced the disbursement of low denomination notes to aid easy accessibility of the currency and put an...
The trading of equities on the floor of the Nigerian Stock Exchange (NSE) closed on a positive note on Thursday to reverse Wednesday’s bearish performance on...
World food prices dropped by 3.7 percent in July from the preceding month, even as Nigeria’s food inflation rose for the fifth consecutive month in June....
WhatsApp said it will soon begin to charge business users for sending marketing and customer service messages. This would be its first move at charging users...
Following the N456 billion loss recorded in the month of July in the stock market, the local burse on Wednesday launched the new month of August...
Jigawa State Government said it would soon begin to export goats from its goats multiplication farming programme. It said it would consider Kuwait and other Asian...
The Nigerian Communications Commission (NCC) said the number of internet users in the country dropped in June by three hundred and forty seven thousand, six hundred...
The controversy surrounding the power sector in the country on Tuesday took a new dimension as investors in the electricity Distribution Companies (DisCos) threatened to quit...
The Emir of Kano, Muhammadu Sanusi II, has berated Nigeria and South Africa over the delay in signing the African Continental Free Trade Agreement (AfCFTA). The...
The manufacturing sector Purchasing Managers’ Index (PMI) stood at 56.8 index points in the month of July, indicating a sluggish expansion in the sector for the...
The Development Bank of Nigeria (DBN) on Tuesday said it was partnering with LAPO Microfinance Bank to support 10,000 businesses in the Micro, Small and Medium...
The Speaker of the House of Representatives, Yakubu Dogara, has decried the frequent increase in electricity tariff without significant improvement in power supply in the country....
As corporate firms listed on the Nigerian Stock Exchange (NSE) continued to chunk out their corporate results for the first half of 2018 (H1:18), investors sentiment...
The Central Bank of Nigeria (CBN) said its newly updated Foreign Exchange Manual for authorized dealer banks and other stakeholders in the foreign exchange market would...
The Central Bank of Nigeria (CBN) has warned the public to desist from all forms of abuse of the Naira, or risk jail term. According to...
In a bid to put an end to the lingering controversy surrounding the non-remittances of accurate revenue figures by the Nigerian National Petroleum Corporation (NNPC) to...
The Department of Petroleum Resources (DPR) said the Federal Government made N748 billion from taxes and royalties paid by oil and gas companies operating in the...
The total number of power consumers with prepaid meters by electricity Distribution Companies (DisCos) in the country rose by 6.23 percent in the first quarter of...
The effect of data privacy controversy on Facebook seems not to have ceased as the Chief Executive Officer of the company, Mark Zuckerberg, on Thursday recorded...
The stock market on Thursday rebounded on bargain hunting in bellwether stocks after two consecutive trading sessions which caused investors to lose N126 billion. Specifically, the...
Indian business giant Mahindra is a well-known name in Nigeria. From the last decade, the company is investing heavily in the technology development of Nigeria on...
