Minister of Finance, Mrs. Kemi Adeosun, has directed an investigation into the payrolls of the Air Force, the Navy and the Army by the Continuous Audit...
These are certainly bad times for acclaimed turnaround expert, Mr. Jimoh Ibrahim, as the Federal Inland Revenue Service (FIRS) on Thursday sealed up the Abuja Head...
Minister of Budget and National Planning, Senator Udoma Udo Udoma on Thursday gave the breakdown of the 2016 budget which was signed into law last week...
Investors showed increased appetite for quoted stocks on Wednesday as most stocks rode on the back of the increased bargain-hunting to close at higher prices. But...
Oil giant, Shell Petroleum Development Company of Nigeria Ltd, SPDC, Wednesday, said it has declared force majeure on Bonny Light crude exports following a leak on...
The Federal Government has finally dumped the subsidy on Premium Motor Spirit (PMS) also known as petrol, after weeks of speculations, as the product will now...
The Treasury Single Account of the Federal Government, TSA, has again come under attack, as the Revenue Mobilisation, Allocation and Fiscal Commission, RMAFC, has opposed the...
Facts have emerged on the reason for the last week’s investigative visit of the Economic and Financial Crimes Commission (EFCC) to Sterling Bank, as the bank...
The Debt Management Office (DMO), which oversees Federal Government’s debt issuance programme, has estimated that Nigeria needs $25 billion, about N4.9 trillion, annually for the next...
Financial services regulators have launched a concerted seize and forfeit hunt to recover a total of 2.5 billion ordinary shares which were allegedly illegally issued by...
Nigerian equities opened on Monday with widespread positive sentiments as investors increased demand for banking and consumer goods stocks. Average gain at the Nigerian Stock Exchange...
The Federal Government has concluded plans to privatize the nation’s refineries within the next 12 months, Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has...
The Lagos State Government has said it generated a total revenue of N101.69 billion in the first quarter of year 2016 with a surplus of ₦4.85...
A boost is coming the way of local miners as the Federal Government has concluded plans to give intervention funds to the sector. Giving this hint...
The Central Bank of Nigeria (CBN) has commenced investigation of deposit money banks over alleged malfeasance following manhunt of banks’ chief executives by the Economic and...
The second Niger Bridge has been a long drawn out project inherited by a number of previous administrations, but remains largely on the drawing board. However,...
The management of the over 11 electricity Distribution Companies (Discos) in Nigeria have set machinery in motion to carry out a nationwide disconnection of major government...
Great expectations, that was the feeling of many Nigerians as they watched with rapt attention last Friday when President Muhammadu Buhari signed the 2016 Appropriation Bill...
Nigeria’s economic woes may be taking a turn for the worse, as reports say the nation’s oil output has fallen to the lowest level in 22...
Operatives of the Economic and Financial Crimes Commission, EFCC, on Friday stormed the head office of Access Bank in Victoria Island, Lagos and arrested its Managing...
For the second consecutive trading session, Nigerian equities ended in the red as profit-taking transactions on highly capitalised stocks counterbalanced equally widespread bargain-hunting for undervalued stocks....
Moody’s Investors Service, a leading global rating agency, has re-affirmed the resilience of the Sterling Bank franchise by maintaining the bank’s standalone Baseline Credit Assessment (BCA)...
Minister of Solid Minerals Development, Kayode Fayemi, on Thursday said mining and related services contribute only N400 billion to the Gross Domestic Product (GDP) and should...
The Minister of Finance, Mrs. Kemi Adeosun has disclosed that the Federal Government plans to inject N350 billion into the economy on quarterly basis so as...
It was all glamour and splendour as Mercedes-Benz Sprinter mini-bus made a grand entry into the Nigerian market penultimate Tuesday. The grand unveiling of the 12-seater...
Nigerian equities suffered a reversal on Wednesday as investors turned round to take profit after three consecutive positive trading sessions. While widespread bargain-hunting still left more...
Nigerian equities started the new month of May with a major rally as impressive corporate earnings and a subtle vote of confidence by MSCI quickened the...
A report released by the Central Bank of Nigeria, CBN, has revealed that the Nigerian economy further declined in the month of April. According to the...
In retrospect, President Muhammadu Buhari’s recent visit to China may have yielded some fruits. Besides signing a $6 billion deal to fund joint infrastructure projects, the...
Following the arrest, detention and possible arraignment of the Managing Director of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, by the Economic and Financial Crimes Commission over the...
Ecobank Nigeria Limited has sought a restraining order from the Federal High Court in Lagos against Anchorage Leisures Limited from accessing its funds in 20banks over...
Although provision was not made for subsidy in the 2016 budget, it has been discovered that the federal government is presently subsidising Premium Motor Spirit (PMS)...
The country’s troubled economy further bled last week as over 74 foreign investors in equities and Government (FGN) Bond markets left its shores. Published data on...
Quoted equities staged a month-end rally last week as investors sought to rebalance their portfolios as companies provided glimpses of their earnings outlooks with mixed first...
Following news that broke that the EFCC is investigating $115 million funds lodged in Fidelity Bank Plc by a former Minister of Petroleum Resources, Diezani Alison-Madueke,...
The takeoff date for the proposed currency swap between Nigeria and China is being kept under wraps. Investigation by Ripples at the relevant government agencies including...
The Central Bank of Nigeria (CBN) may sanction Fidelity Bank Plc for infraction over $115 million allegedly lodged in the bank by the embattled former Minister...
The Nigerian National Petroleum Corporation (NNPC) is determined to curb carbon emissions in its operations in line with the global Paris agreement of December 2015. The...
The Standard Organisation of Nigeria (SON), on Friday raided a number of shops in Lokoja, the Kogi State capital confiscating fake products worth millions of naira....
A former Minister for Education, Oby Ezekwesili has stated that the economic policies put forward by the President Muhammadu Buhari administration are similar to the ones...
Though the distressed company claims it only reviewed its contract with it consultant, there are indications that Aero Contractors may have given the sack to about...
Lagos State has approved seven investment proposals and signed memorandum of understanding for four others as the state government seeks to leverage the vantage position of...
aLafarge Africa Plc has launched the bid to raise up to N60 billion through a bond issue to refinance its debts and restructure its balance sheet....
nQuoted equities rode on the back of substantial gains by leading stocks to bounce back to the positive side in spite of widespread selling pressure. All...
Fidelity Bank Plc has defended the $115 million allegedly lodged in the bank by the embattled former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, saying it...
Vice President Yemi Osinbajo has said that the major problem with Nigerians is not of ideas but how to translate them into realities, adding that now...
The end may not be insight in the crippling fuel scarcity that has plagued the nation for months now, as the National Union of Petroleum and Natural...
Access Bank Plc on Wednesday secured the approval of its shareholders to raise up to N100 billion in new debt capital as part of measures to...
nseThe topsy-turvy situation at the Nigerian stock market again played out on Wednesday as increased sell orders returned the overall benchmark indices to the red zone....
The Nigeria Labour Congress, NLC and the Trade Union Congress of Nigeria, TUC, have jointly proposed and presented N56,000 as the new minimum wage to the...
