The group operations of the Nigerian National Petroleum Corporation (NNPC), recorded a cumulative loss of N411.1 billion in 21 months. A report which emanated from the...
By Dulue Mbachu, Paul Wallace, and Mustapha Muhammad (Bloomberg)… Yusuf Rabiu went door-to-door urging people in the northern Nigerian city of Kano to vote for President Muhammadu...
Barely six months after the Minister of State Petroleum, Ibe Kachukwu, told the world that for efficiency in the upstream sector, Nigeria would hands off from...
Emerging reports say the Central Bank of Nigeria (CBN) is working out strategies to do away with the foreign exchange black market that has remained a...
The Federal Government, through the Nigeria Postal Service (NIPOST), has authorised shutting down of some courier service providers in Nigeria. With the move, more than 20,000...
The minister of state for aviation, Hadi Sirika has announced the closure of the Nnamdi Azikwe International Airport for six weeks within February and March 2017....
The Nigerian Development Insurance Corporation (NDIC) has expressed fears that a number of banks in the country may not survive the economic recession presently hitting the...
The Nigerian stock market reopened on Monday with a strong rush to capitalise and lock in gains made in recent trading sessions. With a whooping gain...
Hundreds of air travelers, who could not connect flights to their destinations have remained stranded at the various airports in Nigeria, following airlines’ inability to get...
Nigerian President, Muhammadu Buhari, is unimpressed by the poor revenue contribution of the Nigerian National Petroleum Corporation (NNPC) to the National treasury, following the quarterly report...
As the Federal Government pushes ahead with its Eurobond aimed at raising hard-currency funds from the global capital market, the Debt Management Office (DMO) has cautioned...
Shareholders of Nipco Plc have approved guarantee for the $301 million acquisition of 60 per cent majority equity stake in Mobil Oil Nigeria by Nipco Investments...
Nigerian equities set on a major rally this past week as positive global and domestic macroeconomic indicators combined to trigger intense bargain-hunting for already underpriced Nigerian...
Nigeria’s special role in holding on to Islamic values in the West African sub region may have qualified it to head the International Islamic Liquidity Management...
Airline passengers have been forced to pay an increase in air fares as a result of acute scarcity of aviation fuel, which has returned to the...
The National Bureau of Statistics on Friday confirmed the fears of many close watchers of the economy, as it noted that unemployment rate was on the...
The Presidency may have authorized the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) to constitute an audit panel to probe the accounts of all 23 banks...
Five government departments and agencies, which failed to comply with the directive to remit all Federal government funds in their kitty have been given up to...
The Nigerian stock market continued on the upswing on Thursday at the Nigerian Stock Exchange (NSE) as investors sought to take positions in leading banking stocks....
The operational headquarters of a major oil company in Nigeria, ExxonMobil, has been shut as a result of a standoff over industrial dispute between management and...
As the suspension of the company on the Nigerian Stock Exchange (NSE) continued to generate uproar, the board of Resort Savings and Loans Plc met on...
Nigerian equities further consolidated their rally as investors earned N116 billion in net capital gain within the five hours of trading. With nearly three advancers to...
President Muhammadu Buhari, on Wednesday, presented the 2017 budget proposal to a joint session of the National Assembly. The President also cashed in on the presentation...
President Muhammadu Buhari on Wednesday presented a budget N7.289 trillion for the 2017 fiscal year to a joint session of the National Assembly. The president said...
All efforts by some oil firms in Nigeria to lobby the National Assembly for support against a recent allegation that they were covering up debts of...
The recent discovery that Nigeria owes about $7.5 billion to local contractors has become another issue that may mar Nigeria’s quest to lure foreign investors into...
President Muhammadu Buhari on Wednesday presented the 2017 budget to a joint sitting of the National Assembly, soon after arriving Nigeria from Gambia Details: 2017 BUDGET:...
The modest price recovery in the previous three trading sessions broke into a major rally on Tuesday as the stock market reopened to increased bargain-hunting transactions....
In a bid to get the country out of the economic recession, the Federal Government, has marshaled out plans to explore new streams of incomes to...
The fear of many on the credibility of Mavrodi Mondial Money box (MMM) may have become true as more than $700 million belonging to Nigerians, who...
Senator Dino Melate (APC, Kogi State) has derided the present administration for allowing corruption thrive in the NNPC in spite of its stance against graft. The...
Chidi Ajaere, Chairman and Chief Executive Officer, The GIG Group was one of the famous picks on Monday when YNaija released its official list of 100...
The Nigerian Bankers Committee may have resolved to pay more attention to the agricultural sector as a more positive approach to achieve an early recovery of...
Nigeria’s hope of successfully borrowing from major credit outfits, will depend on the its ratings by international agencies, so says officials of one of the institutions...
The federal government has said it has no agreement with the government of Switzerland to retain $79 million as commission from the loot of late General...
PRESIDENT Muhammadu Buhari has assured Nigerians that the 2017 Budget proposals contain measures that will get the nation out of its economic woods. The president who...
As the International Civil Aviation Organization (ICAO) sets a 2017 and 2018 deadline for member countries to beef up security within their airports, Nigeria may be...
The federal government on Saturday lined out a 10-point fiscal plan in its efforts to get Nigeria out of the recession it has landed itself. The...
Investors in quoted equities globally showed improved risk appetite as market pundits look beyond immediate concerns to medium-term stimulus that could boost economic performance. Nigerian equities,...
The much expected adoption of a single currency by ECOWAS countries will not be feasible till 2020, when the economic woes facing Nigeria may have receded,...
The Nigerian government is said to have in a desperate move to source for funds, accepted to pay Switzerland government $79 million (N25.2bn) to repatriate about...
Nigerian Minister of Budget and National Planning, Udoma Udo Udoma, has denied reports that the President Muhammadu Buhari-led Federal government is seeking to borrow from the...
A rally within the highly capitalised stocks group on Thursday counterbalanced equally wide losses among several other stocks to sustain the Nigerian stock market on the...
For failure to return passengers’ luggage from its London flights, the Nigerian Civil Aviation Agency (NCAA) has slammed a total fine of $1.5 million on Arik...
Policy makers have remained upbeat on their expectations of naira rise in value as Nigerians abroad plan to repatriate about $1.5 billion into the country, between...
Apparently worried by signs that most investors targeted by its $1 billion Eurobond sale are foot dragging, the Nigerian government has agreed to appoint Citigroup, Standard...
Nigeria’s first generation bank, Union Bank of Nigeria (UBN) Plc, on Wednesday secured the approval of its shareholders to float a supplementary rights issue to raise...
The planned hike in prices of internet data by service providers in Nigeria is already taking its toll on Nigeria’s banking system. The quality of service...
Losses suffered by leading quoted companies on Tuesday halted the early December rally that started this month as investors started the traditional cautious trading that seeks...
The Nigeria Communications Commission (NCC), on Tuesday, said it acted with a temporal price floor for data services to avert a looming price war in the...
