Amidst kerosene scarcity in parts of Nigeria, it has been confirmed that the NNPC had since October 2016 stopped all direct involvements in importing the products...
The much-awaited $300 million Diaspora Bond will be rolled out in March, the Minister of Finance, Mrs Kemi Adeosun has said. Adeosun spoke at a meeting...
Barely 25 months on the job, Cadbury Nigeria Plc’s managing director, Mr. Roy Naaman is resigning by the end of this month as the food and...
More than the $6.5 billion, representing about 70 per cent expected income generation by the Nigerian National Petroleum Corporation (NNPC), between 2015 and 2016 has been...
After a major rally that saw net capital gain of N114 billion on Monday, Nigerian equities came under sell pressure on Tuesday as investors appeared to...
A battle of wit is about to commence as the Federal Government concludes plans to appoint auditing firms to review the financial management mechanisms of the...
With virtually all its policies aimed at strengthening the naira not yielding positive results, the Central Bank of Nigeria (CBN) has perfected plans to seek help...
Nigerian equities braced against the loss of N215 billion last week to regain N114 billion on Monday as the stock market reopened to significant bargain-hunting across...
The Federal Government on Monday announced that it had relieved the chief executive officers of the four aviation agencies in Nigeria. No reason was given for...
What to do with Nigeria’s inefficient and under-performing petroleum refineries is still a cause for concern. On Sunday, the Nigerian National Petroleum Corporation (NNPC) said that...
The 2017 financial year may begin on a shaky note for the ministry of finance and some government agencies and parastatals. Informed sources have revealed that...
The Securities and Exchange Commission (SEC) had recently informed Nigerians that it had suspended Heritage Capital Markets Limited indefinitely from all capital market activities. The regulator,...
Nigerian equities lost N215 billion in the first week of 2017, raising a spectre of previous hangover for Nigerian investors that had lost N3.98 trillion in...
What looks like a serious row is brewing in the downstream oil sector with major oil marketers threatening total withdrawal of supply unless the Nigerian National...
In an attempt to avoid the situation that hampered execution of Nigeria’s 2016 budget, the Federal Government has concluded plans to borrow about N450 billion, internally,...
Attempts by some states in the federation to hide the exact amounts they received as refunds on over-deduction on London-Paris Club loans may have been thwarted....
The intended closure of Abuja Airport for repairs on its runways in March by the Federal Government has been described as unnecessary by Airline Operators of...
Threats by the management of a major oil firm in Nigeria, Total Oil, may have made the firm incur the wrath of its workers, leading to...
In a bid to stay in the good books of the European Union (EU), Nigeria has agreed to reduce import duties for about 170 items by...
Nigeria and Africa’s richest man, Aliko Dangote, lost more than N100 billion within the five-hour trading session at the Nigerian Stock Exchange (NSE) on Thursday as...
Of the more than hundred countries, surveyed for possible deployment of the latest technology-driven aircraft (electric aircraft), Nigeria was not among 17 of those selected. Only...
What was expected to bring a long lasting peace to the Niger Delta area seems to have been lost following an announcement on Wednesday by the...
Sustained selloff in the shares of many leading banks and cement-manufacturing companies exerted further pressure on the tenuous market situation at the Nigerian Stock Exchange (NSE)....
Preparations are in top gear for another visit to Nigeria by a delegation of the African Development Bank (AfDB) before the end of January 2017. The...
Crude oil output from the United States has sent signals that hope of sustainable increase in price of crud oil in the first quota of 2017...
The Nigerian stock market reopened on Tuesday for the 2017 business year with a wide selloff amidst profit-taking transactions after the equities market rallied a massive...
Nigerian foam-manufacturing company, Vitafoam Nigeria Plc, on Tuesday announced that it would be paying a total of N125 million as cash dividends to shareholders despite posting...
The Comptroller General of Customs (CGC), Col. Hammed Ibrahim Ali (rtd) has sanctioned and ordered the redeployment of eight Assistant Comptrollers-General (ACGs), and 238 Deputy Comptrollers...
In its bid to ensure that dollar currency is made available to vital sectors of the economy, the Central Bank of Nigeria (CBN) has concluded plans...
More tales of woes visited the Nigerian aviation sector in the month of December 2016 as fuel scarcity and turbulent harmatan haze led to disruption of...
The National Pension Commission has said its management would not risk investing pension funds in any sector due to insincerity plaguing the system. This is in...
Nigerian equities closed 2016 with a net capital loss of N604 billion in spite of a strong last-month rally in December that saw equities rallying N558...
Thousands of Nigerian pensioners were denied their payments during the Yuletide period due to CBN’s misunderstanding with commercial banks over non acceptance of biometric exercise carried...
The Nigeria Extractive Industries Transparency Initiative (NEITI) audit report for 2014 has revealed what the average watcher of the Nigerian economy knows, that the Nigeria National...
Despite claims by the Nigerian Communications Commission (NCC) that it achieved a seamless exercise in sim card registrations; this has been discovered not to be the...
For the fourth consecutive trading session, the Nigerian stock market remained upbeat on Thursday as last-minute transactions by institutional investors continued to enliven the equities market....
Investors netted N70 billion in capital gains on Wednesday as the Nigerian stock market reopened after the Christmas holidays to sustained bullish rally, in a clear...
In keeping with the directive of the International Civil Aviation Organization (ICAO) the NCAA is to revisit all cases of violation of aviation regulations by airliners...
The prime actors in the Malabu Oil deal are refusing to keep shut even as the Buhari-led administration widens its investigations, through the EFCC, into the...
A new crisis that may further worsen electricity supply in Nigeria is brewing, with a faceoff between the Nigerian Electricity Regulatory Commission (NERC) and service providers....
The Federal Government’s hope of raking in N330 billion from MTN as fine may have been dashed as the GSM giant has said it can not...
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC), has slammed an indefinite suspension on Heritage Capital Markets, a stockbroking and dealing firm, over alleged...
Contrary to the CBN expectation that anticipated influx of dollar from Nigerians in Diaspora would sustain the exchange rate of the naira, the local currency on...
The long queues that have returned to most banking halls and at ATM pots, across Nigeria, has been blamed on the CBN’s failure to meet cash...
The long queues that have returned to most banking halls and at ATM pots, across Nigeria, have been blamed on the CBN failure to meet cash...
As various sectors compute reports on how they fared, as 2016 winds up, the Nigerian aviation sector has announced that it suffered a minimum loss of...
After three successive negative trading sessions, Nigerian equities regained the uptrend on Thursday as bargain-hunters shifted demand to stocks that had lost considerable values in recent...
Federal Government’s planned introduction of first Islamic bond in the domestic market, through the Debt Management Office (DMO), has received negative reviews from the Christian community....
A British oil exploration company, Tullow Oil, says it has found oil in commercial quality in Kenya. It also said production is to begin in the...
Nigerian equities recorded their third consecutive decline on Wednesday as selling pressure from a mix of profit-taking and Yuletide transactions shaved off N42 billion from the...
