The Senate Committee on Finance has queried the Federal Inland Revenue Service FIRS over a budget appropriation of over N16 billion for salaries for 1250 staff...
The recent working visit of President Muhammadu Buhari to China has attracted at least $6 billion worth of investments into the country, the presidency has said....
The Securities and Exchange Commission (SEC), Nigeria’s apex capital market regulator, has granted an extended window of 15 months to capital market operators that failed to...
MSCI, the global provider of research-based indexes and analytics, is consulting global institutional investors on the ease of capital flows in Nigeria and is not proposing...
Director General of the Securities and Exchange Commission (SEC) Mounir Garzo has said that the commission has decided to extend the deadline for free e-dividend registration...
After five consecutive negative trading sessions, Nigerian equities on Thursday broke away from the recent spate of decline as bargain-hunters sought to take advantage of the...
Lagos State Governor, Mr. Akinwunmi Ambode said on Thursday that the state government will sign a Memorandum of Understanding (MOU) with investors for the construction of...
Nipco Plc, an integrated oil and gas company, has declared a turnover of about N115bn and a profit after tax of N1.4bn for the year 2015...
Jetvan Automobiles Limited, authorized dealer of Mercedes-Benz Sprinter buses in Nigeria has signed a multi-billion Naira agreement with a foremost transport company in the country, FG...
Lafarge Africa Plc has launched a new bid to buy out the minority shareholders in its subsidiary, Ashaka Cement Plc. The board of Lafarge Africa, in...
The recent spate of downtrend at the Nigerian Stock Exchange (NSE) entered the fourth consecutive trading sessionon Wednesday, raising the negative average year-to-date return for Nigerian...
Nigerian Senate, Wednesday, mandated its Joint Senate Committee on Petroleum (Upstream and Downstream), Finance and Appropriation to immediately investigate joint venture cash calls by the Nigeria...
The Nigeria National Petroleum Corporation (NNPC) on Wednesday said that it had restarted the Port Harcourt refinery, which has a capacity of 210,000 barrels a day....
Africa’s richest man, Dangote, said Tuesday that he has secured a $2bn loan to fund two on-going cement plant projects in Nigeria. Aliko Dangote, told Reuters...
Oil reached a 2016 high, hitting 43 dollars a barrel on Tuesday, raising hope for funding of the 2016 budget which had been predicated on $38...
Industrial and Commercial Bank of China Ltd (ICBC) , the world’s biggest lender, and Nigeria’s central bank (CBN) on Tuesday signed an agreement on yuan transactions,...
Nigeria’s annual inflation rose to a near four year high of 12.8 percent in March from 11.4 percent in February, driven by a rise in food...
The data obtained from the corporation’s latest financials report showed that an average of N47.86 million was expended in the repair of each of the line...
The Nigerian stock market reopened on Monday with worsening price depreciation as increased sell orders overwhelmed bargain-hunting, throwing the market into a five-hour loss of N233...
Diamond Bank Plc and Standard Chartered Bank Limited topped forex utilisation list for last week with combined $38.34 million disbursement to their customers. The two lenders, which respectively...
The Central Bank of Nigeria, CBN, is working out modalities that would enable it disburse estimated N2 trillion refunds expected from the five per cent cut in Cash...
Following discrepancies detected in the 2016 Appropriation Bill, President Muhammadu Buhari on Sunday conferred with Vice President Yemi Osinbajo, who heads the administration’s economic team and...
The Nigerian Communications Commission, NCC, has said that about 32 billion dollars has been invested in the nation’s telecommunications industry from Foreign Direct Investment, FDI and...
Oando, Nigeria’s indigenous integrated energy group, may record a pre-tax loss of not less than N70 billion in the 2015 business year, according to preliminary review...
Union Dicon Salt Plc plans to own Nigeria’s largest cassava farm and starch processing plant as the 32-year old company consolidates strategy aimed at diversifying its...
Kennedy Uzoka, the group managing director-designate for the United Bank for Africa (UBA) Plc, at the weekend gave a glimpse of the underlying vision and strategies...
Nigeria’s debt profile for both domestic and external debts as at December 31, 2015 stands at N12 trillion. According to the Director General of the Debt...
The Federal Government may sell off 40 percent of a new company to be created from the Nigeria National Petroleum Corporation (NNPC) within ten years of...
Nigeria’s overnight interbank rate eased on Friday to around 3.5 percent from 5 percent last week, even though liquidity in the system fell as banks set...
After two consecutive positive trading sessions, Nigerian equities succumbed to the profit-taking transactions on a handful of highly capitalised stocks. In spite of widespread gains, losses...
Total, Shell and two other oil majors have resolved to fund 4 major oil marketers, Dr. Ibe Kachikwu disclosed on Thursday. The four oil majors had...
There are growing concerns for air safety as airline operators in Nigeria cry out over forex shortages which have hindered their smooth operations. The operators...
The Federal Government has insisted that the on-going privatisation in the power sector is irreversible. Vice President, Yemi Osinbajo stated this on Thursday in Lagos on...
The Attorney General of the Federation and Minister for Justice, Abubakar Malami (SAN), on Thursday, explained his role in the payment of N50billion to the Federal...
Dangote is set to commit $200m in the construction of a new three million metric tonnes per annum capacity cement grinding plant in Cote d’Ivoire. This...
Members of the Bankers’ Committee rose from their 326th meeting held on Thursday in Lagos to declare that the foreign exchange (forex) crisis facing the country...
Nigeria is expected to boost cocoa output to up to 350,000 tonnes in the 2015/16 season, according to an official at the Cocoa Research Institute of...
By Kemi Adeosun… Writing this, my third article on the economy, I’m keenly aware that the question Nigerians want answered is: what is government doing to...
Nigerian equities closed almost flat on Wednesday as underlying selling sentiments widened. The main indices at the Nigerian Stock Exchange (NSE) indicated a marginal gain of...
The Federal Government has banned all senior government officers, including ministers and permanent secretaries from flying first class whenever they are on official trips. The ban...
The Nigeria Labour Congress (NLC) has hinted of plans to carry out a one day strike action over the parlous state of the economy, especially the...
The Nigerian Electricity Regulatory Commission (NERC) on Wednesday sought understanding from Nigerians over the drop in power supply lately. The Acting Chief Executive of NERC, Dr....
There are indications that Nigerians may pay more for petrol in May, as the Federal Government may review the pump price of the product upward. The...
Nigerian equities regained the uptrend on Tuesday as investors stepped up bargain-hunting for low-priced stocks, especially in the banking sector. After losing N54 billion in opening...
The UAC group has suspended a planned rights issue due to a weak equity market and shareholders had rejected a proposal to issue preference shares via...
French telecommunications company, Orange, is to invest 75 million euro ($85 million) in Nigerian e-commerce group Africa Internet Group (AIG) and become a shareholder, the two...
Contrary to media reports speculating that the federal government may have returned subsidy on petroleum products, the Petroleum Products Pricing Regulatory Agency (PPPRA) says this is...
Nigerian equities started this week on a negative note as a combination of slowdown in bargain-hunting and profit-taking weighed down the overall market situation. After a...
Fidelity bank said on Monday it had put a N22.4 bn ($113 million) loan to Lagos-listed energy firm Oando Plc on a watchlist and taken a...
Worried over the menace of revenue leakages as a result of abuse of tax incentives by unscrupulous businessmen, the federal government has concluded plans to review...
