What can be described as controversy has hit possible passage of the 2017 budget transmitted to the National Assembly on October 4, 2016 by President Muhammadu...
Even as government laments its dwindling financial resources, the Senate says it will seek for additional funding for the Department of Petroleum Resources (DPR). Chairman of...
The National Pension Commission (PenCom) has said the ongoing clamour for deployment of the N6 billion consolidated contributory savings for pensioners on other aspects of the...
Experts have described as a waste of resources government’s proposal to spend about $2 billion for turn around maintenance (TAM) of Nigeria’s three refineries any moment...
An intentional rating agency, the Sovereign Wealth Funds (SWFs) has reclassified Nigeria among countries that have been grouped in the third category of the funds’ assessment,...
Most emerging and advanced equities markets traded in the negative as the race for the presidency of United States of America (USA) narrowed to a slim...
Nigeria will be drawing about €120m annually in the next six years, totaling €720million by 2022 as loan facility from the European Union in support of...
Manufacturers Association of Nigeria (MAN) has cries out that 50 per cent of factories in the country may have to shut down over lack of foreign...
In its efforts to increase power supply in the country, the Federal Government on Thursday signed agreements that will add more than 500 megawatt to the...
Investors appeared to be increasingly shifting towards low-priced equities, otherwise known as penny-stocks, as the new cycle of price depreciation continued to show considerable sell pressure...
Contrary to official claims, the oil sector in Nigeria has suffered its worst fall as the country is said to have recorded a drop of about...
Barely two days after Senators rejected President Muhammadu Buhari’s 2016-2018 borrowing plan request, the Red Chamber on Thursday, described the proposal and the 2016-2018 Medium Term...
The board of the African Development Bank (AfDB) on Wednesday authorized the release of only $600 million of the $1billion loan facility promised to Nigeria. Though...
Nigeria has recorded more than $4.2 billion losses this year alone, resulting from a combination of factors plaguing the oil and gas sector. Most of the...
The Federal Government has begun the process of wooing foreign airlines back to the country with the imminent release of $300 million out of the $600...
The underlying positive sentiments at the Nigerian stock market remained large on Wednesday but losses suffered by a handful of highly capitalised stocks overshadowed the overall...
The monthly Manufacturing Purchasing Managers’ Index (PMI), of the real sector suffered a 14.5 per cent decline in the month of October 2016, according to the...
After largely negative trading sessions in October, Nigerian equities started November with a modest rally as bargain-hunters sought to rebuild their portfolios across the banking and...
The much awaited meeting between OPEC members and non members of the oil producing cartel has led to another bout of oil price loss, making it...
The blame game on why Nigeria’s local currency, the naira, has defied all measures aimed at shoring up its value against major currencies continues. The Central...
The Central Bank of Nigeria, on Monday, again warned Nigerians against patronising what it described as wonder banks. The CBN said they are fraudulent because their...
The hope of Albert Okumagba, and his companies, including BGL Plc to have the courts lift the hammer of the Securities and Exchange Commission (SEC) against...
Nigerian equities reopened this week to wide negative sentiments as investors sought to rebalance their portfolios in the last trading session in October. With nearly two...
Having met some brick walls in sourcing loan facilities from international financial institutions with which to fight its recession, Nigeria has shifted attention to its citizens...
Unless the Federal Government intervenes in good time, the power sector may finally grind to a total halt, resulting from inability of the various power generating...
What looks like s fresh faceoff has resurfaced among top government functionaries on the best approach to an earlier end to Nigeria’s recession and the role...
Anyone who owns a small business understands that the customer is the major source of sustenance for his/her trade. These days though, no one wants to...
There is no way Nigeria’s foreign reserves will not shrink as long more than 30 percent of the country’s earned foreign currency is used in importing fuel products annually, so says Finance Minister, Kemi Adeosun. She said also that food...
In what appears a major point of departure, Africa’s richest man and founder of the Dangote group, Mr. Aliko Dangote and the Nigeria Bureau of Public...
Attacks on oil facilities by Niger Delta militants and activities of oil pipeline vandals cost Nigeria $7billion (about N2.1trillion) from January 2016 till date, the Nigerian...
Barely a week after the ExxonMobil Exploration Company announced it was divesting from one of its major downstream subsidiary, OPL223 and OML Ventures, in Nigeria, the...
With the loss of about 600 megawatts (from about 3.5Mws) of electricity in Nigeria, following Tuesday’s attack on Chevron’s gas line by a militant group, the...
The World Bank has declared Ghana as now the best country for doing business in West African sub region, beating Nigeria to second position, with Ivory...
There is a strong suspicion among senior officials that the ongoing Senate probes into the activities of the Nigeria Customs service (NCS) was instigated by the...
Nigerian equities built on the modest rally that started on Wednesday as investors reacted to third quarter results of large-cap companies. The twin indices at the...
The Federal Government on Thursday gave a breakdown of how the $29.96billion loan it sought the approval of the National Assembly for will be expended. The...
Downstream oil major, Conoil Plc, appeared to be in a world apart as the petroleum-marketing company continued its latest strides with a 54 per cent growth...
The board of Directors of Nigerian Breweries Plc has announced an interim dividend of N7.929 billion based on the third quarter report of the company. With...
FBN Holdings Plc, the holding company for First Bank of Nigeria and its other subsidiaries, grew its top-line by 7.0 per cent to N417.3 billion, although...
Union Bank of Nigeria (UBN) Plc has announced its earnings for the third quarter, showing 39 per cent growth in pre-tax profit to N13.3 billion and...
Worried by the rate at which foreign airlines are deserting Nigeria, the Federal Government has appealed to those of them already on the verge of suspending...
After three consecutive negative trading sessions, Nigerian equities rode on the back of emerging bargain-hunting trend and inflow of more corporate earnings and interim dividends to...
As Nigeria continues to wallow in unprecedented recession under the current government, not less than 3,000 Nigerians have lost their jobs in the oil industry alone,...
Nigerians have rejected the idea of selling national assets as a means of solving the present economic woes ravaging the country, as proposed by some members...
The International Monetary Fund (IMF) has listed four African countries among emerging economies that have developed quicker positive growth index for the next 10 years, without...
The downtrend at the Nigerian stock market worsened considerably on Tuesday as investors lost N163 billion in a massive price depreciation that brought many equities to...
In an effort to diversify the nation’s revenue profile, the National Economic Council (NEC) on Tuesday endorsed a plan to increase the contribution of the solid...
The Nigerian National Petroleum Corporation, NNPC, on Tuesday said there is no plan to increase the pump price of petrol. According to the NNPC, the current...
President Muhammadu Buhari has asked the National Assembly to consent to his administration’s plan to make an external borrowing of $29.960bn. According to the President, the...
An international oil outfit, Baker Hughes, has noted that Nigeria has consistently shut down its offshore oil rigs from 12 to 8, recording four shutdowns between...
