The Federal Government has been asked to choose between withdrawing its decision on the sale of Port Harcourt Refining and Petrochemical Company to Oando Plc or...
The arrest of two Chinese nationals, Taolung Shen and Xu Jing Yau, in February 2017, for allegedly dealing in fake tyres, estimated at about N5.3 billon,...
Several leading stocks at the Nigerian stock market hit their highest prices in a year at the weekend as Nigerian quote posted a whooping gain of...
The Federal Government has directed the Nigerian Electricity Regulatory Commission (NERC) to monitor access to a $100 million loan facility from France to the power sector....
The claim that the Federal Government had so far spent N7.092b in the first year of implementation of its ‘Home Grown School Feeding (HGSF)’ programme has...
Contrary to popular expectations that the 2017 budget will be signed into law soon, Nigerians may have to wait a little more, as the Presidency has...
In spite of Nigeria being reffered to as the West African hub in the aviation sector, none of its 22 airports are yet certified by the...
Condemnations and anger have trailed Senate’s proposal to introduce N5 tax per litre of petrol, as well as on diesel, sold in Nigeria. Nigerians see the...
The benchmark index at the Nigerian stock market yesterday crossed the 30,000 points to reach its highest level in the past 20 months as investors continued...
A bill, currently before the Senate, has recommended a levy of N5 chargeable per litre on any volume of petrol and diesel products imported into Nigeria...
Former Minister of State for Petroleum Resources, Mr. Odein Ajumogobia has come strongly against campaigns that government stands the chance of raking in, at least $40...
Nigerian equities recorded their biggest rally so far this year in May as investors earned about N1.29 trillion in capital gains within the 21-day trading sessions....
The Presidency on Wednesday refuted reports that it has fixed tomorrow Thursday June 1, to assent to the 2017 Appropriation Bill. It said contrary to the...
The Acting President Yemi Osinbajo is to sign the 2017 appropriation bill recently passed by both chambers of the National Assembly tomorrow( Thursday). It was gathered...
The sit-at-home directive observed on Tuesday by pro-Biafra agitators to mark 50 years of the Nigerian civil war recorded a huge success as major towns in...
Nigerian equities continued on the uptrend on Tuesday as the stock market reopened after the Democracy Day Holiday on Monday. For the fifth consecutive trading session,...
Acting President Yemi Osinbajo, SAN, has signed into law two bills from the National Assembly to facilitate access to more affordable credit for Nigerians. The bills...
The Senate, on Tuesday, ordered the Federal Ministry of Petroleum Resources and the Nigerian National Petroleum Corporation (NNPC) to halt further action or planned concession of...
The final withdrawal of oil prospecting licences issued in 2001, 2002 and 2003 for the Utapate Field, 01, 03 and 05 in Delta State, believed to...
Never in the annals of Nigeria had it been known that virtually all sectors had recorded abysmal failure, resulting from what experts describe as flip-flop economic...
More facts have emerged on how late passage of the 2017 Budget Bill led Nigeria into losing about $640.61 million decline in foreign capital inflow in...
Acting President Yemi Osinbajo on Monday said that the President Muhammadu Buhari-led Federal government was not unaware of the sacrifices Nigerians have made owing to the...
Apart from the N375 billion already in the books of Arik Air, more debt-induced records have been discovered through the audit findings of the embattled airline...
Nigerian equities posted a mouth-watering average gain of 3.38 per cent, equivalent to net capital gain of N329 billion last week, ranking as one of the...
Until electricity consumers settle an outstanding N80.6 billion debts owed the 11 power distribution companies (Discos) in Nigeria, there may be no end to irregular power...
Barring unforeseen development, the Nigerian Liquefied Natural Gas (NLNG) will eventually export its delayed products to buyers in June 2017, valued at about $700 million. This...
Nigerian equities braced against alluring profit-taking tendency to sustain third consecutive positive trading session on Thursday as string demand for fast moving consumer goods companies (FMCGs)...
Nigeria has survived a threat of withdrawal of exemption largess given it by OPEC in oil production cuts, as member countries agreed to extend the output...
Until the loopholes in administering foreign exchange transaction in Nigeria are addressed, its economy will remain prostrate. This is the summation of Nigeria’s former Finance Minister...
After the Minister of Labour and Employment, Chris Ngige, received boos of during the Workers Day celebration on May 1, the Federal Government has approved a...
No other country has been able to displace India as Nigeria’s biggest trade partner for years, despite the fact that there was a decrease in the...
Nigerian equities continued on the uptrend on Wednesday as increased demand for large-cap stocks drove the market to second consecutive gain. Benchmark indices at the Nigerian...
Hard facts, on Wednesday, emerged about Nigeria’s epileptic power sector on the floor of the Senate. During a debate on the poor power situation in Nigeria,...
With Lagos State terminating the N844bn Fourth Mainland Bridge contract, the last and main legacy of the immediate past governor of the state, Babatunde Fashola, seemed...
A disturbing scenario has been created, indicating that Nigeria needs a minimum of $250 million food aid in 2017 to save about 4.7 million of its...
April 2017 revenue of N415billion was on Tuesday shared among the three tiers of government by the Federation Account Allocation Committee (FAAC). This was revealed by...
Nigerian equities regained their uptrend on Tuesday as investors continued bargain-hunting for value stocks. After breaking a four-day consecutive rally with a loss of N12 billion...
The 2017 first quarter Gross Domestic Product (q1 2017 GDP) figures released by the National Bureau of Statistics on Tuesday showed that Nigeria’s economy is emerging...
Again, expectations of experts that Nigeria’s benchmark interest rate would drastically come down has been dashed, as the CBN-led Monetary Policy Commiittee (MPC) rose from its...
The expected growth in the iron and steel sub section of Nigeria is continuously dragged down by political intrigues, yet the country incurs more wastes meeting...
The underlying sentiment at the Nigerian stock market remained bullish as the market reopened on Monday but losses recorded by some highly capitalised stocks, especially Nigerian...
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has vowed he is going to resign his position in 2019 should Nigeria continue to import...
Tension returns in Nigeria’s oil sector as the Organization of the Petroleum Exporting Countries (OPEC) member-countries re-gather on Thursday, 25 May 2017, at its headquarters in...
The recent declaration by Minister of Budget and National Planning, Senator Udo Udoma, that unless the Internally Generated Revenue (IGR) of Nigeria rises by 40 per...
The Asset Management Corporation of Nigeria (AMCON) has taken over the companies and personal properties of Chief William Oki, a Delta State-based businessman. AMCON moved in...
Nigerian equities rode against a strong first-day profit-taking trend to close with a marginal decline last week as global equities showed a largely negative performance amidst...
Despite the threat by the striking workers of an oil major in Nigeria, Exxon Mobil, to shut down its facilities by Monday, a relief of sort...
Another battle seems brewing in the power sector as the generating companies (Gencos) have vowed to resist a new government policy directing consumers of electricity in...
At last the Nigerian parliament, has forwarded the 2017 budget of N7.44 trillion naira ($23.62 billion) to the Acting President, Yemi Osinbajo for assent into law....
Nigerian equities sustained their third consecutive upswing on Thursday as investors appeared to be waging higher stakes on blue chips. Highly influential large-cap stocks led the...
