A total of N465.15 billion, an increase of about 30 per cent from the last amount has been shared among the Federal, 36 states and local...
Miffed by the attitude of some banks in the state, which have refused to remit funds collected from customers in form of taxes, the Enugu State...
To avoid what looks like Nigeria’s loss of its West African hub, the Nigerian Airspace Management Agency (NAMA) has complied with the Federal Government’s directive that...
For failing to record the actual volume of oil and non-oil export trade between June 2015 and January 2017, Nigeria has lost more than $5.3 billion,...
The power distribution companies may have carried out their threat to embark on massive disconnection of all government ministries, agencies and department owing them electricity bill....
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC) has sealed off the premises of Tine God Networks Limited as part of efforts to curb...
One of Nigeria’s largest breweries and second most capitalised quoted company, Nigerian Breweries (NB) Plc witnessed significant decline in its profitability in 2016 as the brewing...
Nigerian Breweries led three other fast-moving consumer goods companies (FMCGs) to override the negative impact of widespread selling sentiments that opened the stock market on Monday....
In its latest attempt at shoring up the dwindling fortune of Nigerian currency, the naira, the Central Bank of Nigeria (CBN) on Monday announced a new...
The apparent loss of interest by the President Muhammadu Buhari-led administration may have put a final nail on the coffin of the $3.5 billion so far...
Ethiopia and Angola are among African countries that have revved up their trade partnership with China, thereby displacing Nigeria to fourth position in its partnership with...
Nigerian equities ended the largely bearish trading sessions this week with a gain of N38 billion at the last trading session on Friday at the Nigerian...
Though Nigeria has been listed as one of the priority countries to benefit from United States $10bn-assisted power project for Africa, the USAID-funded Energy Initiative (UEI)...
Despite efforts by the Economic Community of West African State (ECOWAS) to ensure that a common and affordable roaming tariff is achievable within member states, there...
Senators, on Friday, revealed that the Petroleum Industry Bill (PIB), currently before the Red Chamber will give room to the creation of a new commission which...
The Director-General of the Debt Management Office, Dr. Abraham Nwankwo, has disclosed that Nigeria’s external and internal debt profile as at December 31, 2016, was $57.4bn....
The Acting President, Yemi Osinbajo on Thursday presided over the National Economic Council (NEC) meeting at the Council Chambers, State House, Abuja. Present at the meeting,...
The failure of banks to stop collection of N50 from customers as stamp duty charges is threatening to set the organized private sector against some government...
One of the international rating agencies, Fitch Ratings, has lowered the rating of the Nigerian-based Bank of Industry (BOI) from B+ to B category. In the...
There is hope of improved electricity supply in the country following the rise in gas supply, which has seen power generation also improve from 3,528MW, to...
The Nigerian stock market broke away from its recent streak of consecutive losses on Wednesday as bargain-hunters sought to take advantage of attractive prices of some...
Arising from petitions that have flooded the office of Abubakar Malami, Attorney General of the Federation (AGF), the presidency may seek special probe of Forex dealings...
Despite the claim by the CBN Monetary Policy Committee announcement that it had put a policy in place to check the steady rise of Nigeria’s consumer...
The Asset Management Corporation of Nigeria (AMCON), on Wednesday, made shocking revelations on the financial state of the leading airline in the country. Recall that AMCON,...
Contrary to claims that about 20 per cent of the Naira in circulation is fake, the Central Bank of Nigeria (CBN) has said this is not...
The order of the Federal High Court which granted Federal Government interim ownership of the disputed Oil Prospecting License, OPL, 245, has been challenged by two...
There is fresh anxiety among government officials as the news of a sharp drop in the prices of crude oil hit the airwaves. Observers at the...
For the sixth consecutive trading session, Nigerian equities closed Tuesday on a negative note over concerns on possible constrained earnings of major fast moving consumer goods...
Troubled Arik Air on Tuesday announced that it was suspending its flights to London and Johannesburg. The development is believed to be one of the immediate...
Emerging reports indicate that another airline, OAS Helicopters, may have fallen into the custody of the Asset Management Corporation of Nigeria (AMCON). Signs that the airline...
The Accountant General of the Federation, Ali Ahmed Idris, on Tuesday in Abuja, described the implementation of the Treasury Single Account (TSA) as one of the...
Minister of Information, Culture and Tourism, on Tuesday, blamed the lack of smooth implementation of the 2016 budget on its late passage by the National Assembly....
There is now every indication that Nigeria has accepted to divest Federal Government equity holdings and shares in most national assets as it has targeted raking...
Governors of the 36 states in Nigeria, have set the ball rolling for a possible rift with the Federal Government over the fallout on how the...
The takeover of the debt-ridden Arik Airline, and Aero Contractors by Assets Management Company of Nigeria (AMCON) may not be the last of government’s intervention in...
Nigerian equities suffered a loss of N33 billion on Monday, continuing a losing streak that had seen investors losing N122 billion last week. The decline...
President of the Senate, Bukola Saraki and Speaker of the House of Representatives, Yakubu Dogara, on Monday, said the National Assembly will resist any form of...
One of the targets of the recently marketed Eurobond deal is to use the goodwill to shore up the Nigeria’s depleted foreign reserves and increase the...
Insinuations that the Federal Government, through the Asset Management Corporation of Nigeria (AMCON), may have had some other clandestine motives for the take-over of Arik Air...
With two decliners for every advancer, Nigerian equities traded largely in the negative in the immediate past week, bucking a global rally that saw equities on...
The Asset Management Corporation of Nigeria (AMCON) on Sunday painted a pathetic picture of the rot in Arik Airline, disclosing that only nine aircraft out of...
The last may not have been heard of the mirage of voices against Nigeria’s planned closure of Abuja Airport for six weeks to enable repairs on...
Despite expectations that Nigeria would be 60 per cent self-sufficient in rice production by 2017, indications are that actualising such a dream is unrealistic as more...
Managing director, Skyway Aviation Handling Company Limited (SAHCOL) Mr. Rizwan Kadri says that the firm will lose at least N480 million, for the six-week period the...
Workers of the National Economic Reconstruction Fund (NERFUND) now live in fear of the unknown as the situation bedevilling the agency’s activities has taken a new...
Senate President, Dr. Bukola Saraki, has revealed that the proposed rehabilitation work on the runway of the Nnamdi Azikiwe International Airport is not captured in either...
Though still smarting from the worst economic recession in its history, Nigeria has been listed among the 32 countries that will be leading the world, economically...
Despite claims by Nigerian officials that the country’s $1bn Eurobond sale was oversubscribed, investors are still insisting that permanent peace be found in the oil producing...
The Senate has drawn the attention of the Federal Government to a security challenge which may likely threaten the security of the country due to undermining...
A disturbing revelation has come out from the Nigerian National Petroleum Corporation, (NNPC) that about 45 per cent of refined products from the Kaduna Refinery have...
