A new twist has been added to the face-off between the CBN Governor, Godwin Emefiele and the Minister of Finance, Kemi Adeosun, on how interest rate...
More facts have emerged on why the expected two per cent growth in the micro, small and medium enterprises could not be achieved for 2016. An...
Godwin Emeifele, Governor of the Central Bank of Nigeria, CBN, has charged the federal government to begin taxing callers who spend above three minutes as part...
Apparent failure of Nigeria to meet certain criteria set aside by international financial institutions before they would fund the proposed Development Bank of Nigeria (DBN) has...
Nigeria’s recession may have taken its tolls on Microfinance banks (MFB) as 68 per cent of the 406 licenced MFBs in the country are now exposed...
Gombe state-based Ashaka Cement (AshakaCem) Plc has initiated the process to delist its shares from the Nigerian Stock Exchange (NSE), after business consolidation and additional shares...
The average year-to-date return at the Nigerian stock market worsened to -10.62 per cent on Thursday after five consecutive negative trading sessions brought several equities to...
Unable to meet its financial obligations in the Joint Ventures (JVs) with international oil companies in the country, the Federal Government has pulled out. Minister of...
There is a strong indication that offices and homes in Nigeria may suffer longer blackout periods as the 11 Distribution Companies (Discos), have again complained of...
The current economic recession has hit hard on the auto industry reducing its market share from 400,000 vehicles in 2015 to 250,000 in 2016, suffering 37.5...
Defaulting revenue collecting banks have refunded N4.2 billion to the Federation Account, the Revenue Mobilisation, Allocation and Fiscal Commission, RMAFC, has disclosed. RMAFC’s acting Chairman, Shettima Gana,...
With the reality on ground, there is hardly any hope of Nigeria’s current economic recession recovering earlier than 2018; this is according to a finding by...
Nigerian equities continued on the downtrend on Wednesday as the fourth consecutive negative trading session shaved off N70 billion from equities’ values and pushed the negative...
Scarcity of Jet A1 also known as aviation fuel is biting airline operators in Nigeria harder, pushing Arik Airlines to cut down on the number of...
If the Nigerian government is able to resolve the Niger Delta crisis, the country will enjoy at least $3 billion cash call annually from the National...
Despite assurances from the Central Bank of Nigeria (CBN) on the financial stability Heritage Bank, members of the public, and its customers in particular, have remained...
The foremost position of Lagos State in the comity of states in the country is set to be further enhanced as it is to join the...
The downtrend at the Nigerian stock market continued on Tuesday as selloffs on large-cap stocks in the influential industrial goods and oil and gas sectors worsened...
The economic down turn in the country may take a turn for the worse, as the Niger Delta Avengers, NDA, attacked Nembe 1, 2 and 3...
Worried by continuous rise in price of aviation fuel, a research authorized by the Europe, Middle East and Africa (EMEA) to fine tune a biologically sourced...
Average return on the Nigerian equities worsened to -9.27 per cent on Monday as the stock market reopened to continuing selloff. The National Bureau of Statistics...
The National Bureau of Statistics (NBS) has just released the latest inflation rate, indicating another spike in inflation rate to 18.33 per cent, 0.48 percentage points...
Nigerian government has at last bowed to the stringent conditions handed down to it by the International Monetary Fund (IMF) before any financial assistance could be...
The headquarters of the Nigeria Civil Aviation Authority (NCAA) and Nigeria Airspace Management Agency (NAMA) were in a tense mood Monday morning as workers resumed work...
The hope of having the price of kerosene come down sooner has been dashed with the insistence by the Nigerian National Petroleum Corporation (NNPC) that it...
A fresh division among members of the Organization of Petroleum Exporting Countries (OPEC) has negatively affected oil at the international market. This is as member-countries’ outputs...
The downtrend at the Nigerian stock market worsened considerably last week, contrary to widespread rallies across the global advanced and emerging stock markets. Nigerian benchmark stock...
UAC of Nigeria (UACN) Plc has indicated its plan to acquire additional shares from minority shareholders of Portland Paints and Products Nigeria (PPPN) Plc, which it...
What started as a mild argument between the Presidency and Ministry of Aviation over plans to concession five major airports in Nigeria has snowballed into a...
Baring last minute-changes, the Debt Management Office (DMO) will by the second week of November 2016 unveil the full list of banks to participate in the...
Between September 2015 to October 2016, about 25 per cent foreign investors pulled out of Nigeria, costing it more than $450.34 billion of asset-loss, so says...
Jolted by the imminent collapse of the manufacturing industry over scarcity of dollar in Nigeria, the Central Bank of Nigeria (CBN) has agreed to provide foreign...
Despite persistent calls for the cancellation of the privatisation of the power sector, the Minister of Power, Works and Housing, Babatunde Fashola, has declared that the...
The planned concession of the Nigerian Railway Corporation, NRC, has been opposed by the Nigeria Union of Railway Workers, NURW. The union, which appealed to the...
The Nigerian Stock Exchange (NSE) has placed full suspension on Ikeja Hotel Plc as the crisis of confidence within the Ibru family continues to take tolls...
For allegedly running fowl of the Central Bank of Nigeria’s (CBN) rules, one of the three banks said to be under its scrutiny, the Standard Chartered...
Almost four months after President Muhammadu Buhari forwarded the 2016 budget of the Federal Inland Revenue Service (FIRS) to the Senate, lawmakers, on Thursday, failed to...
More voices have been added to calls by experts that the Nigerian government should merge the Asset Management Corporation of Nigeria (AMCON) with any other efficient...
The Federal Government has invited some economic experts to help review and fine tune its Medium Term National Economic Plan. The invitation of the experts is...
The Securities and Exchange Commission (SEC) on Wednesday told the House of Representatives that out of its N5.2billion revenue projection for 2016, it was only able...
Nigerian equities extended their losing streak to the sixth consecutive trading session as Wednesday emergence of Republican Donald Trump as the President of United States of...
The international oil market has greeted the news of the Republican candidate, Donald Trump, defeating his Democratic counterpart, Hillary Clinton, in the United States presidential election...
The Federal Government has reached an agreement with international oil companies to settle its joint venture cash call with crude oil worth $5 billion. The crude...
The downtrend at the Nigerian stock market spiraled to a worse level on Tuesday as mounting sell pressure pushed share prices of most traded stocks to...
Nigeria Extractive Industries Transparency Initiative (NEITI), on Tuesday , revealed that Nigeria during the administrations of Presidents Olusegun Obasanjo, Umaru Musa Yar’Adua and Goodluck Jonathan, wasted...
The Nigerian Governors’ Forum has asked Minister of Finance, Mrs. Kemi Adeosun to release ecology funds to them to enable them tackle the different environmental problems...
The Eighth Senate wiil on Wednesday November 9, 2016, consider a legislation to reform the administration and management of the customs and excise system in Nigeria....
The National Bureau of Statistics (NBS) has disclosed that Nigeria in the third quarter of 2016 recorded a decline in private sector investment, classified under portfolio...
What started as a chat between oil marketers and the Minister of State for Petroleum, Ibe Kachikwu, seems to have created tension between the ministry and...
No fewer than 25 million out of the estimated 150 million telecommunications consumers in Nigeria will lose access to telephone use, if the Communications Service Tax...
