Nigerian equities rallied on Monday on the back of widespread bargain-hunting but the overall market position was moderated by losses recorded by a handful of influential,...
President Muhammadu Buhari has given the Nigerian National Petroleum Corporation, NNPC, the marching order to find crude oil in the north eastern part of the country....
The Federal Government, on Monday, revealed that its revenue projection in the 2016 budget fell by a whopping N1.064 trillion in the first half of the...
President Muhammadu Buhari Monday in Abuja said the Federal Government is working assiduously to ameliorate the challenges faced by the Nigerian economy within a short period...
The Nigeria Labour Congress, NLC, has insisted that the judgment of the Federal High Court sitting in Lagos over increase in electricity tariff stands despite the...
The International Energy Association (IEA) has named Nigeria and Middle East as major oil producing countries playing positive role in the market recovery of Organization ofPetroleum...
The Economic Community of West African States (ECOWAS) says, if Nigeria reduces assistance to it, the community would find it difficult to survive most challenges facing...
The Nigerian telecoms sector is currently estimated to have raked in revenue of about $38 billion into the economy in the past five years. Despite the...
Nigerian equities were among the worst-performing equities globally as continuing ambivalence over the foreign exchange (forex) management, weak corporate earnings and generally tight macroeconomic conditions combined...
Upset by the frequency of oversea training for pilots and technical crews, airline operators have frowned at the policy compelling them to spend N55 billion annually for the programme. The Nigerian Civil Aviation Authority (NCAA) has persistentlyrefused a call for a reduction in the number of such refresher courses undertaken...
The last may not have been heard of the crisis rocking the economy, as Nigeria’ Forcados crude oil terminal, a major export oil facility, expected to...
Apparently disturbed by the continuous slide of the naira, the Central Bank of Nigeria on Friday rose to the challenge by injecting $5 million to the...
Following what it described as “an increase in volume of non-performing insider loans|” in Nigerian banks, the NDIC says it is devising a new approach in...
The Nigerian National Petroleum Corporation, NNPC, recorded 1,447 incidences of pipeline vandalism across the country in 2016 alone. The incidences, according to the national oil company,...
More facts have emerged on why the CBN had decided to provide a short-term loan to Skye Bank following its replacement of top executives for failing...
President Muhammadu Buhari has said his administration will strive to resuscitate the economy through innovative ideas in the gas, technology and agricultural sectors. He said this...
After months of dwindling revenue from the Federation Account, states and local government areas in the country have some good reason to cheer, as their monthly...
The Nigerian Export Promotion Council, NEPC, has said that Nigerian goods are being rejected and in some instances, banned in some foreign countries because of poor...
The Minister of Labour and Employment, Senator Chris Ngige, on Thursday, said the Federal Government has chanelled over 80% of the N247bn so far released for...
Nigerian equities’ benchmark index slipped below the 28,000 points to 27,000 points on Thursday as investors remained unimpressed by first-half corporate earnings. With 34 decliners to...
Fears that Nigeria’s economy has hit recession are real, so says the Finance Minister, Kemi Adeosun. She has, however, reassured Nigerians that the much talked-about economic recession...
If the current effort by Nigerians living outside the shores of the land is sustained, naira, the local currency will soon regain some lost grounds against major currencies. Last year alone, Nigerians abroad sent $31.5 billion home and have...
There are strong indications that Nigeria may not feature in the African Development Bank (AfDB) new project for rural women. Reason: not much has been put in place for the take off of such a programme, expected...
There are fears that Nigeria’s crude supply and income may again drop as the militant group, the Niger Delta Avengers have issued a quit notice to...
The downtrend at the Nigerian stock market continued on a higher momentum on Wednesday as weak corporate earnings compounded the crunchy liquidity squeeze to sap away...
With more revelations emerging on why most airline operators are having their flights delayed or cancelled, the sector now spends an average of $20 million sourcing Aviation fuel, Jet...
The last may not have been heard of the under current moves aimed at selling one of the nationalized banks, Keystone Bank which has been stalled. This is against the backdrop...
The Governor of Nigeria’s Central Bank, Godwin Emefiele, Tuesday, insisted that the country’s financial system is still strong despite astronomical inflation rate and economic stagnation. The...
Average year-to-date return at the Nigerian stock market relapsed into the negative on Tuesday as sustained sell-off pushed quoted companies to lower prices. With average decline...
The recent prediction by the International Monetary Fund (IMF) that the Nigerian economy is heading towards recession falls in line with forecasts made by many analysts...
There seems to be some light at the end of the tunnel as the wait by West African Shippers for the $60 million Sealink project draws...
The management of Oando Plc has alerted the investing public that the company suffered foreign exchange (forex) losses, which reduced profit in the second quarter and...
Nigerian equities opened on Monday on a negative note, extending the downtrend that had marked transactions for the most part of this month. The decline was...
The economic woes facing Nigeria seems not to have any sign of abetting as its annual inflation index has perpetually accelerated to 16.5 percent in June, from 14.6 percent in the previous month. This, according to a data index...
The tide seems to be moving against Ekiti State Governor, Ayodele Fayose, on his current standoff with the Economic and Financial Crime Commission (EFCC). It is...
A new directive of the Central Bank of Nigeria, CBN, has made it acceptable for deposit money banks in the country to allow customers to open...
Players in the Nigerian economy have continued to count their losses occasioned by the recent introduction of a the new foreign exchange policy by the Central...
The Nigerian Economists Society, NES, has faulted the flexible exchange rate policy introduced by the Central Bank of Nigeria, CBN, saying such policy cannot work in...
ExxonMobil Nigeria has declared force majeure on exports of Nigeria’s Qua Iboe crude oil, Ripples Nigeria has gathered. The declaration on Friday came after the...
Nigerian equities traded largely last week on a cautious mode, fluctuating between low price appreciation and depreciation as investors await the second quarter and half year...
The return on investment in Nigeria’s business environment is encouraging, and much higher than other countries, coming fourth on the global scale. This was disclosed...
Many people wishing to travel by air across the country were left disappointed as their flights were delayed or cancelled, leaving them stranded. The situation was...
The Presidential Initiative on Continuous Audit says that its activities are saving the country about N6.4bn every month from ghost workers. It also claims to have...
The board of directors of Nigerian Breweries has blamed the decline in the company’s net profit to forex losses. The first half report of Nigerian Breweries...
The Nigerian Electricity Regulatory Commission (NERC) and Distribution Companies (Discos) are insisting on 45 per cent tariff increase regardless of the recent court ruling. While NERC...
The organised labour turned its fury on the Nigerian Employers’ Consultative Association, NECA, as the Joe Ajaero faction of the Nigeria Labour Congress, NLC, Friday, disrupted...
Nigerian equities stumbled again on Thursday as early first half earnings showed mixed performance. Benchmark indices at the Nigerian Stock Exchange (NSE) indicated average decline of...
The strike action called by the leaders of PENGASSAN and NUPENG has been suspended after a round of marathon meeting with federal government representatives. Emerging reports say...
Nigeria’s dwindling earnings from oil export may have worsened as oil giant, Shell, has announced that it has shut down the Trans Niger Pipeline on Monday...
Niger Delta Avengers, on Monday, once again bombed another crude oil pipeline, this time, a pipeline operated by ExxonMobil. Spokesperson of the militant group, Brigadier General...
