In line with the policy of the Federal Ministry of Finance to have mega insurance institutions in Nigeria, five big firms have gotten the nods of...
With the relative stability in the Niger Delta and improved oil price in the international market, Nigeria’s loan requests with the World Bank and the African...
Nigeria may not exit its current economic recession soon if it is depending solely on the current rise in the price of crude oil, this is...
Vice President Yemi Osinbajo on Friday expressed confidence that the Nnamdi Azikiwe International Airport, Abuja will be reopened as scheduled on April 19. He stated this...
Nigeria’s N1.12 trillion deficit in the 2016 budget, supposed to be largely financed through international credit agencies, including IMF, World Bank and African Development Bank (AfDB),...
Following complaints from some ECOWAS-member countries that their citizens for intra border trades were being denied free entry, against free border entry protocol agreement, the organisation...
Communities in the Niger Delta region have taken the lead in efforts to take advantage of the federal government’s plan to develop modular refineries. Already at...
Nigerian equities continued to ride on increasing demand for value stocks to sustain a second day of consecutive rally on Thursday. Considerable rallies within the large-cap...
The International Monetary Fund (IMF) has given Nigeria a hard knock over its policy of guiding the naira to appreciate in value through weekly pumping of...
Quoted equities broke the stalemate that marked transactions on Tuesday into a decisive rally on Wednesday as investors stepped up bargain-hunting for value stocks across the...
Nigeria through the Debt Management Office (DMO) has concluded plans to raise a total of N135 billion ($429.25 million) through sale of naira-denominated bonds at its...
President Muhammadu Buhari on Wednesday launched his administration’s Economic Recovery and Growth Plan for the country. The brief event, which took place inside the Council Chambers...
Equities traded on a tie on Tuesday with investors matching up advancers with decliners in a dead heat that saw the market almost closing flat. The...
The Central Bank of Nigeria (CBN) says it will offer dollar equivalent to address the backlog of matured foreign exchange obligations to critical sectors, mainly manufacturers,...
Nigeria has concluded plans to secure a $4.5 billion loan facility from China to be solely devoted for acquisition of agricultural machinery and infrastructure. The tools...
President Muhammadu Buhari, will on Wednesday, launch the Economic Recovery and Growth Plan (ERGP) 2017-2020 of his administration. According to the Special Adviser to the President...
Apparently disturbed by a slight loss in the value of the naira, the Central Bank of Nigeria (CBN) has decided to further increase its volume of...
The Federal Government has opened application list for subscription to the second tranche of its Federal Government of Nigeria Savings Bond (FGNSB). The application list for...
Petroleum Tankers Drivers (PTD), a branch of the Nigeria Union of Petroleum and Natural gas Workers, (NUPENG) has suspended its strike action after one day of...
Nigerian equities set off on the second quarter with a broad rally on Monday but losses by three highly capitalised companies overwhelmed the overall market position,...
Crude oil shipment from West Africa to Asian countries is expected to reduce by about 4.3 per cent this April, going by data obtained from relevant...
The Kebbi State Government is looking abroad to attract investments into the state, by showcasing the opportunities available. Led by Governor Abubakar Atiku Bagudu, the state...
President of the International Civil Aviation Organization (ICAO) Dr. Bernard Olumuyiwa Aliu, has embarked on a three-day official visit to Nigeria. The visit is part of...
So far, Nigerian airline operators are estimated to have lost about N10billion due to the closure of the Abuja airport. The airport was shut for six...
Despite the threat by the Electricity Generation Companies (GenCos) to stop energy supply to the Electricity Distribution Companies (Discos), the Minister of Power, Works and Housing,...
Nigerian equities closed the last trading week of the quarter at the weekend with improved buying sentiments as quoted companies rushed to meet Friday March 31,...
Nigerians be in for another round of fuel scarcity, which will affect its economy, if members of the Petroleum Tankers Drivers (PTD) carry out their threat...
More reasons have emerged for the increased presence of various Lagos State government traffic monitoring agencies in all corners of the metropolis. The state is said...
The tenure of 2016 budget has been extended by the Federal Government pending when the 2017 budget will be finally passed into law and signed by...
Nigerian equities broke into a major rally on Thursday as investors stepped up bargain-hunting across the sectors and subgroups of the stock market. With nearly three...
Owner-members of the Nigerian Stock Exchange (NSE) has approved the demutualisation programme of the Exchange under which the Exchange will convert from its present status of...
There are every indication that the Central Bank of Nigeria (CBN) may succumb to the call by the operators at the parallel market to have direct...
A fresh crisis seems to be brewing in the aviation industry as the Nigerian Civil Aviation Authority (NCAA) said it would begin a clampdown on any...
Nigerian government’s resolve to ease huddles faced by businesses in the country has received a boost with the Corporate Affairs Commission (CAC) claiming that Nigerians can...
It seems the resignation of Mr Goodie Ibru as chairman of Ikeja Hotels Plc has not settled the grievances in the company as expected. The announcement...
Nigerian equities continued to show widespread buying sentiments but share price losses recorded by some highly capitalised stocks continued to undermine the overall market position. Continuing...
For allegedly soiling his hands, one of the three deputy governors of the Central Bank of Nigeria (CBN) has been suspended over a plot to defraud...
Shareholders of Access Bank Plc have approved a total dividend payout of N18.8 billion for the 2016 business year. At the annual general meeting in Lagos,...
The Federal Government has listed its first-ever Federal Government of Nigeria Savings Bond (FGNSB) on the Nigerian Stock Exchange (NSE), paving way for investors in the...
Nigeria is ranked fourth, globally, in the volume of soft drinks’ sales and consumption , as recorded in 2016, according Head of Market Development, German Engineering...
At last Nigeria’s quest to have a Development Bank of Nigeria (DBN) join the conventional commercial banks has become real. The Central Bank of Nigeria (CBN)...
Despite the row brewing between the Nigerian federal executive and its National Assembly, the lawmakers have given approval to the $500 million Eurobond sale for the...
The debt burden accumulated by the thirty six states of the federation has risen to over N3.342 trillion. The Extractive Industries Transparency Initiative (NEITI), revealed this...
Shell Nigeria Exploration and Production Company (SNEPCo) has again fixed a new date for resumption of exploration work on one of its deepwater wells, the Bonga...
The National Health Insurance Scheme (NHIS) said it discovered 23,000 ghost enrollee from some Federal Government agencies using Information Technology. Executive Secretary of the NHIS, Prof...
The Federal Government has sounded a note of warning to Nigerian billionaires and millionaires who evade tax payment to expect actions against them very soon. Minister...
Nigeria loses an estimated $15 billion yearly from the non passages of the Petroleum Industry Bill (PIB). This is according to the United States Energy Information...
Following its sale to new investors, Keystone Bank Limited has appointed Hafiz Bakare as the new Acting Managing Director/Chief Executive Officer. Also appointed was Alhaji Umaru...
The Nigerian stock market recorded more advancers than decliners in widespread bargain-hunting on Tuesday but losses by a handful of highly capitalised stocks pulled the overall...
The Pensions Transitional Arrangement Directorate (PTAD) has dismissed five deputy directors over alleged employment scam. The sacked deputy directors were Godson Ukpevo, in charge of Civil...
