The possibility of sustaining stable fuel supply chain in Nigeria looks gloomy as the Minister of State, Petroleum Resources, Ibe Kachikwu, has directed the Petroleum Products...
Nigeria’s Minister of State, Aviation, Mr Hadi Sirika has vowed to quit his position as a member of President Muhammadu Buhari’s cabinet should the repair work...
After losing N71 billion last week, Nigerian equities opened this week with a tinge of bargain-hunting as investors sought out undervalued value stocks. All key indices...
Nigerian Minister of Information and Culture, Alhaji Lai Mohammed, has said there was no truth in reports that the ongoing reconstruction of the runway of the...
In its bid to stabilize and improve on recent gains made by Naira against the Dollar, the Central Bank of Nigeria (CBN) on Monday directed all...
Based on the move by the Senate Committee on Customs, Excise and Tariff to investigation how over N4 trillion was lost by the Nigeria Customs Service...
Following the sale of Keystone Bank to Sigma Golf-Riverbank Consortium by the Asset Management Corporation of Nigeria (AMCON), the new investors have finally taken possession with...
The coast may be clear for Nigerian exporters of non oil products, as the Federal Government says it has concluded plans to settle the outstanding $670.25...
The Minister of Power, Works and Housing, Mr Babatunde Fashola has revealed that the Federal Government is concentrating on infrastructure development to get the country out...
If all things go well, Nigeria will rake in about N14.67tn into its economy from both foreign and local investors before the end of the 2017...
Nigerian equities witnessed a reversal in the immediate past week as macroeconomic concerns dampened investors’ appetite for quoted shares. Despite increasing inflow of corporate earnings reports...
Small and medium-scale farmers in Nigeria have attracted $200 million World Bank loan facility to the country. The bank’s loan will have a low-interest rate, and...
There is an apparent glut in the foreign exchange market as the Central Bank of Nigeria (CBN), on Thursday, said of $100 million it supplied to...
Nigerian equities closed almost flat on Thursday after losses by highly capitalised stocks counterbalanced widespread bargain-hunting. With 20 advancers to 14 decliners, the market showed growing...
Nigeria’s House of Representatives has branded Kaduna International Airport as unsafe and said that both aircraft and passengers’ lives are exposed to danger. Members stated this...
In what looked like a surprise action, four trade unions said they have embarked on indefinite occupation of the corporate headquarters of one of the local...
The board of directors of Stanbic IBTC Holdings Plc on Wednesday announced that the bank would be paying a 5.0 kobo dividend per share for the...
Nigeria produced about 43.5 million tonnes of solid minerals in 2016, according to the National Bureau of Statistics (NBS) in its report on the performance of...
The board of directors and management of Zenith Bank on Wednesday stepped down the consideration for a new capital raising by the bank, putting a lid...
The board of director of Lafarge Africa Plc on Wednesday played a bitter-sweet on shareholders of the cement company as it recommended payment of N5.47 billion...
For the second consecutive trading session, Nigerian equities continued on the downtrend on Wednesday as investors sought to rebalance their portfolios in view of recent price...
The Federal Executive Council (FEC) has approved N8 billion for the construction of roads and bridges across 12 states of the federation and the Federal Capital...
The Senate, on Wednesday, approved the request of President Muhammadu Buhari to raise additional $500 million Eurobond from the international capital market to fund the 2016...
The Nigeria Customs Service seems not to be deterred by the sequence of drama surrounding its policy on vehicle duties. The Comptroller-General of Customs, Col. Hameed...
The Federal Government has developed an International Public Sector Accounting Standards (IPSAS) compliant accounting software suite “OneBook”, to reduce financial leakages and improve Public Financial Management,...
Nigeria recorded above average in its maritime sector, having achieved about 59.5 per cent increase in vessel traffic at the various sea ports in 2016. The...
A total of N429.127 billion was distributed among the three tiers of government in Nigeria at the end of the Federal Account Allocation Committee (FAAC) meeting,...
Atedo Peterside, has resigned from the board of Stanbic IBTC Bank Plc as chairman, with effect from March 31, 2017. Peterside served as the Chief Executive...
Cadbury Nigeria Plc on Tuesday released its audited report for the 2016 business year showing a net loss of N296.4 million. The audited report and accounts...
After five days of consecutive positive trading session, Nigerian equities relapsed into the negative on Tuesday as investors sought to take profit from the recent rallies....
The Minister of Finance, Kemi Adeosun ha stated that the federal government would not hide anything in the amount of monies given to the states in...
The Monetary Policy Committee (MPC), a creation of the Central Bank of Nigeria (CBN), after its Tuesday meeting in Abuja, announced that it has retained the...
The Asset Management Corporation of Nigeria (AMCON) has sold Keystone Bank, the former Bank PHB Plc, to a consortium of undisclosed local investors under two firms-...
Nigerian equities opened on Monday with widespread losses across the sectors but gains by highly capitalised companies sustained a modest positive overall market position. With 22...
The World Bank will in the next three years invest about $57.3 billion in the West African subregion, aimed at stimulating growth. And Nigeria tops the...
To help boost power generation in the country, the Nigerian National Petroleum Corporation (NNPC) has hinted of its plan to generate at least 4,000megawatts of electricity...
Reports suggest that the federal government may lose N57.4 billion weekly if the ongoing faceoff between clearing agents and the Nigerian Ports Authorities (NPA) leads to...
The Federal Government is hoping to channel about $35 billion remittances from Nigerians abroad into the country’s economy through its Housing scheme projects. The amount said...
If Nigeria is able to bring back the Ajaokuta S teel Industry, the country will be saving at least $3.5 billion spent on importation of steel...
Nigerian equities sustained considerable rally on the back of a global equities’ resurgence last week as investors showed improved appetite for quoted shares across the markets....
More facts have emerged on why the Stabilisation Fund Account (SFA) and Excess Crude Account (ECA) of Nigeria have been in the decline between 2015 and...
Two major oil companies in the country MRS Limited and Capital Oil and Gas Limited may soon go before the DSS, and the EFCC over NNPC’s...
The Oil Prospecting Licence 245, otherwise known as Malabu oil deal, one of Nigeria’s richest oil blocks has been returned to Shell and ENI. This came...
It took police pleading and cajolling to avert what could have been a return to violence in Port Harcourt, the main oil community in Nigeria’s Niger...
Last minutes exchange of briefs between Etisalat and a consortium of banks, which lent it about $1.23 billion in 2013, has led to postponement of a...
Nigerian equities continued on the uptrend on Thursday, rallying N41 billion in net capital gains as investors showed increased appetite for several stocks across many sectors....
In what the management of Aero Contractors of Nigeria Limited has described as a “business decision”, letters of redundancy are being served to about 3,000 out...
President Muhammadu Buhari has sanctioned payment of a second release of London-Paris refunds to governors to enable them settle unpaid salaries and pension liabilities of their...
Fear that the parent company of Guinness Nigeria, Diageo, has concluded plans to reduce its share holding in the company became clearer on Wednesday as it...
The internally generated revenue (IGR) of Lagos State has maintained its lead over what the totality of 33 other states realise, haven risen by about N33...
