A former governor of the Central Bank of Nigeria (CBN) Prof Chukwuma Soludo has stated that the poor economic ideas implemented by the present administration is...
The Minister of Information and Culture, Alhaji Lai Mohammed on Thursday hinted that the Federal Government is to institutionalize the patronage of locally-made products among its...
Nigeria is on the verge of signing a $6 billion deal with 10 companies for crude oil exchange for refined products to take off by July...
Though no reason has been adduced for the resignation of the Managing Director/CEO of Nigerian Aviation Handling Company (NAHCO), Mr. Norbert Bielderman, on Wednesday, sources say...
Not less than N3.8 trillion shortfall in oil production, suffered by Nigeria, from mainly militants’ attacks and oil theft in 2016 could have reduced 2017 budget...
Nigerian equities continued on the uptrend on Wednesday as investors upped demand for value stocks across the sectors. With nearly two gainers to every loss, benchmark...
The International Maritime Organisation (IMO) has given some conditions under which Nigeria will regain its status as the hub of the West African sub-region. Included among...
Acting President Yemi Osinbajo, SAN, has advocated a new paradigm in financing infrastructure projects in Africa in order to close the huge infrastructure gap in the...
For the third month running, Nigeria’s inflationary trend has moved downward, recording a slight gain of 0.2 per cent in the month of April, from 17.26...
Nigeria is yet to fully compute all business opportunities it suffered in 2016 due to recession, as stakeholders in the automobile sector say they suffered about...
Lafarge Africa Plc plans to raise N140 billion from existing shareholders to deleverage its balance sheet and provide additional working capital. The board of directors of...
Former country chairman of Shell Nigeria, Mr. Basil Omiyi has been elected as the chairman of Stanbic IBTC Holdings Plc. Omiyi’s appointment took effect on Monday,...
After a whooping gain of N677 billion last week, investors on Monday turned round to take profits and monetise recent capital appreciation at the Nigerian stock...
The era of waste materials littering major cities in Nigeria may soon be over as an Italian firm, Management Environmental Finance (MEFIN), has indicated interest to...
Every indication points at one thing: Nigeria may not enjoy stable power supply throughout the Muhamnadu Buhari’s administration, even until 2022. And this is despite all...
The Senate has commenced investigations of some banks over alleged collusion with International Oil Companies (IOCs) to defraud the country. Over $62,909,716,417 billion is said to...
Nigerian equities ran ahead and in most instances quadrupled gains by global equities as a flood of open market orders scrambled Nigerian shares to their highest...
Until the metering system is reintroduced in the oil and gas sector, Nigeria will continue to lose an estimated $1.4 billion annually resulting in oil theft...
If the ongoing strike action by staff of an oil major in Nigeria, Exxon Mobil Company, is allowed to continue, the country will lose at least...
It may take the aviation sector more than two quarters to recover its revenue losses incurred during the six-week closure of the Nnamdi Azikiwe International Airport,...
Shareholders of Unilever Nigeria Plc have approved the plan by the consumer goods company to raise N63 billion in new equity funds from the existing shareholders....
The Federal Government, Oando and Agip have reached agreement for the Oando/Agip consortium to manage the Port Harcourt Refinery under a repair, operate and maintain (ROM)...
On the heels of the announcement of the successful sale of Keystone Bank, it appears the management of the bank has proceeded on a drive to...
Nigerian equities continued to ride high against the expectation of resurgent profit-taking as investors on Thursday shifted demand to low-priced financial services stocks in an exceedingly...
The Senate, like the House of Representatives has passed the 2017 budget put at N7.44 trillion. President Muhammadu Buhari had on December 14, 2016 formally presented...
The House of Representatives on Thursday passed the 2017 budget of N7. 44 trillion. This was not after a rowdy session over an allocation of N51...
In continuation of its policy to sustain dolliar availability, the Central Bank of Nigeria (CBN) has pledged to create a special dollar auction sale session for...
Former Governor of Central Bank of Nigeria (CBN), Professor Chukwuma Soludo, has identified introduction of politics into Nigeria’s foreign exchange policy as the main reason Nigerian...
Union Bank of Nigeria (UBN) Plc plans to use part of the balance in its share premium account to write off about N248 billion deficit in...
Nigerian equities erased the last vestige of negative overhang on Wednesday and rallied to a positive average year-to-date return of 2.50 per cent as an exceedingly...
A top official of the Solid Minerals Development Fund on Wednesday revealed that the Federal Government has released N30billion for the development of the sector. Acting...
Senate President, Dr. Abubakar Bukola Saraki, on Wednesday, called on leaders of the Economic Community of West African States (ECOWAS), to resist ongoing manipulation of its...
Though the Nigerian banking system posted fairy good financial results for 2016, despite the recession and other operating harsh conditions, its risk rose the highest in...
Relief is on the way for Nigerian electricity consumers as the Federal Government has concluded plans to obtain a total of $5.2bn from the World Bank...
Accrued benefits of retired workers of Ministries, Departments and Agencies of the Federal Government, who retired from service between January and August 2016 has been released...
An Italian oil company, Eni, has concluded plans to build a refinery in Nigeria with capacity of 150,000 barrels per day. This was disclosed on Tuesday...
Nigerian equities continued on the uptrend on Tuesday as increased demand sustained the price rally at the Nigerian stock market to the eighth consecutive trading session....
Nigerian Breweries Plc, Nigeria’s second most capitalised company, has appointed Mr. Johan Antonie Doyer as its new managing director and chief executive. Doyer’s appointment takes effect...
The Minister of Power, Works and Housing, Babatunde Fashola, has called on Distribution Companies (DISCOs) to stop grumbling and blaming infrastructure for their failures to render...
After hauling net capital gain of N157 billion in one of the best returns in the global equities market last week, Nigerian equities reopened on Monday...
Capital Oil and Gas Limited, owned by businessman, Ifeanyi Ubah has alleged that the Nigeria National Petroleum Corporation (NNPC) owes it N16 billion. The company stated...
Nigeria through the Nigerian National Petroleum Corporation (NNPC) has awarded a pipeline contract to a consortium of Chinese companies led by China National Petroleum Corporation Engineering...
Acting President, Yemi Osinbajo has restated Federal Government’s plan in including private sector players in revamping the economy. Osinbajo made this known during the third quarterly...
The Federal government, through the Bank of Agriculture is set to pump in a whooping N9 Billion to encourage youths and women farmers in South- East...
The Central Bank of Nigeria has yet again begun plans to offer $100 million in forwards at an auction on Monday to develop liquidity on the...
The Minister of Finance, Kemi Adeosun has assured foreign investors of Governments commitment towards packaging fiscal incentives that will make businesses operate in a conducive environment...
A visit by officials of the Asset Management Company of Nigeria(AMCON) to the Victoria Island headquarters of the Bi-Courtney Aviation Services Limited (BASL) has raised tension...
Authorities at the Nigerian Stock Exchange (NSE) have launched a new innovation with the commencement of automated trading and settlement of rights’ shares. The live trading,...
The disclosure by government that, baring any unforeseen circumstances, new investors will take over the management of Nigerian refineries, by September 2017, has started causing some...
President Muhammadu Buhari-led Federal Government has released additional N35billion to Amnesty Programme’s budget lifting it from initial N20billion to now N55billion. The Federal Government said the...
