The federal government Wednesday confirmed the approval of the transfer of $650 million (about N198.9 billion) to the Nigerian Sovereign Investment Authority (NSIA) as seed funding...
The Asset Management Corporation of Nigeria (AMCON) Friday took possession of the asset of Sea Petroleum & Gas Limited and its affiliated companies. The company is...
A recent data by the National Bureau of Statistics (NBS) has shown that the Value Added Tax (VAT) generated by the Federal Government through the Nigerian...
Fitch Ratings, a global credit rating agency, affirmed Nigeria’s long-term foreign-currency issuer default rating at ‘B+’ with a negative outlook, even as the 2019 general elections...
The Federal Government has launched an online portal for willing investors with a view to joining the first 100 economies in the Ease of Doing Business....
It has been revealed that several revenue generating agencies in Nigeria shortchanged the government of N526 billion and $21 billion between 2010 to 2015. This was...
A recent data by the National Bureau of Statistics (NBS) has shown that the Federal Capital Territory (FCT), Abuja is the most expensive city for bus...
The Nigerian National Petroleum Corporation (NNPC) has recommended the splitting of petroleum licences into two components for prospecting and production phases under the draft Petroleum Industry...
The Indian High Commissioner to Nigeria, Shri Reddy, said his country has made available the sum of about $174.96 million to boost power supply in Nigeria....
Worried by the inability of the Nigerian National Petroleum Corporation (NNPC) to generate and remit accurate revenue to the Federation Account, governors on Wednesday met behind...
The National Assembly on Wednesday passed the 2018 Appropriations Bill after more than six months it was presented by President Muhammadu Buhari. Buhari presented a N8.612...
The total value of Currency-in-Circulation in Nigeria rose by N289 billion to N1.957 trillion at the end of April, the latest Money and Credit Statistics of...
The Nigerian Insurance Association (NIA) has said the increase in fraud claims in the insurance industry is affecting the survival of the business. Director General of...
The Speaker of the House of Representatives, Hon. Yakubu Dogara, has assured Nigerians that the 8th Senate, particularly the House of Representatives, would ensure the passage...
The Nigerian Senate on Tuesday passed into law the repeal and re-enactment of the Companies and Allied Matters Act (CAMA), which, according to the Senate, “is...
The recent proposal by former vice-president Alhaji Abubakar Atiku to privatize oil and gas sector, especially the country’s refineries, has been described as “callous and anti-people”....
The National Assembly has raised the figures of the 2018 Appropriation Bill from N8.612 trillion earlier presented by President Muhammadu Buhari to N9.120 trillion. The breakdown...
The Nigerian Customs Service, Zone B, says it generated over N9billion between January and April 2018. Mr Udo Emmanuel, An assistant Comptroller General, and the zonal...
The 2018 budget report by the Joint Senate and House of Representatives’ Committee on Appropriation would be laid today, Ripples Nigeria has learnt. According to a...
As unemployment rate in Nigeria continues to soar to new highs, the Federal Government’s Economic Management Team (EMT), on Monday, met at the Presidential Villa in...
The Minister for Communications, Mr. Adebayo Shittu, on Monday, said some Indian businessmen have shown Interest to invest $4 billion into Nigeria’s manufacturing sector. Mr. Shittu...
Nigeria’s inflation rate further dropped for the 15th consecutive month in April, creating a positive outlook for interest rate cut to drive growth. This is contained...
It is estimated that the African continent loses about $148 billion every year due to corruption and money laundering. Commonwealth Secretary-General, Patricia Scotland, gave the estimate...
A new banking product to enable Small and Medium scale Enterprises (SMEs) save on cost and optimize their business/revenues has been introduced by Stanbic IBTC Bank,...
The World Bank Group has expressed its satisfaction with the performance and growth recorded in the Nigerian economy since it emerged from recession. The bank made...
Trading activities on the floor of the Nigeria Stock Exchange (NSE) on Monday ended on a negative note to erase previous gains, as investors’ sentiment weakened....
Trade experts across the nation have been charged to examine inherent opportunities and ways of mitigating the risks associated to a new global order of international...
Nigerian Civil Aviation Authority (NCAA) on Sunday announced that Air Operators Certificate of FirstNation Airways has been suspended indefinitely. The suspension was contained in a statement...
The Nigerian National Petroleum Corporation (NNPC) Sunday said it has appointed Mallam Mele Kyari, the Group General Manager in charge of its Crude Oil Marketing Division,...
The Federal Government of Nigeria says it will be closing the 2017 fiscal year with spending on capital projects in excess of N1.5 trillion. Kemi Adeosun,...
The National Agency for Food and Drug Administration and Control (NAFDAC) has reopened three pharmaceutical companies that were implicated in the illegal manufacture and distribution of...
The whistleblowing policy of the Federal Government has again recorded another success as government recovered N13.8 billion from tax evading companies. It also paid a sum...
The local bourse recorded a bearish performance this week as the sustained profit taking in bellwethers dragged the market index on 4 of 5 trading sessions....
The total capital importation into Nigeria in the first quarter of 2018 rose for the forth consecutive quarter since the second quarter of 2017 with portfolio...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said the amount disbursed by the Federation Account Allocation Committee (FAAC) in the first quarter of 2018 rose to...
Finance Minister, Kemi Adeosun, said the Federal Government was determined to drive its economic growth plan through mobilization of more revenues. The Minister made the disclosure...
The Senate has said that the report by the Joint Senate and House of Representatives’ Committee on Appropriation on the 2018 Appropriation Bill will be considered...
The Federal Executive Council (FEC) in its meeting on Wednesday gave approval for a sum of N1.365 billion for the procurement of new equipment for the...
Vice President Yemi Osinbajo, on Wednesday, said the number of active Nigerians who pay taxes to government increased by five million from a year earlier, saying...
The Nigeria National Petroleum Corporation (NNPC), on Tuesday, rescinded Vice President Yemi Osinbanjo’s statement over the payment of fuel subsidy, saying the federal govoernment is responsible...
Dr. Maikanti Baru, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), has disclosed that the downstream subsidiary of the corporation, the NNPC Retail Limited,...
A World Bank Mission, comprising of 10 Executive Directors, is expected in Nigeria on Wednesday. While here they are billed to hold high-level discussions with the...
Nigeria has been advised to widen its tax revenue base to fund infrastructural projects and social development programs capable of spurring growth in the nation’s economy....
The Central Bank of Nigeria (CBN) has said the $36.37bn Federal Government spent on the importation of petroleum products between 2013 and 2017 greatly contributed to...
Equities traded on the Nigerian Stock Exchange (NSE) on Monday resumed its negative trend amidst price gains after it closed trading activities last Friday in the...
Socio-Economic Rights and Accountability Project (SERAP) has called on the Minister of Power, Works and Housing, Mr Babatunde Fashola, to provide information on spendings on the...
The consistent decline in Nigeria’s inflation rate since January 2017 is projected to take an opposite trend after 15 months of consecutive reduction if the proposed...
The value of transactions recorded in the Nigerian banking sector rose by N3.04 trillion in the first quarter of 2018 Also, the number of bank staffs...
Nigerian equities recorded a marginal decline of N9 billion in the immediate past week as the investing public continued to await the passage of the 2018...
Transactions of traded equities on the floor of the Nigerian Stock Exchange (NSE), on Friday, ended the week on a positive note, as market indicators took...
