Shareholders of Unilever Nigeria Plc have approved the plan by the consumer goods company to raise N63 billion in new equity funds from the existing shareholders....
By Charles Ogbu….Make no mistake, it is a very big slap on our face as a people and a bottom-less mockery of our collective intelligence that...
Relief is on the way for Nigerian electricity consumers as the Federal Government has concluded plans to obtain a total of $5.2bn from the World Bank...
An Italian oil company, Eni, has concluded plans to build a refinery in Nigeria with capacity of 150,000 barrels per day. This was disclosed on Tuesday...
Nigeria through the Nigerian National Petroleum Corporation (NNPC) has awarded a pipeline contract to a consortium of Chinese companies led by China National Petroleum Corporation Engineering...
Over the years, there have been several debates, and agitations over the size of Nigeria’s federal legislative arm, the National Assembly, comprising the Senate and House...
Nigeria is to push that the oil giant, Royal Dutch Shell, should invest at least half of the proposed $25 billion, which it is planning for...
Apparently worried by loss of huge revenue from the aviation industry, Nigeria has concluded plans to regain some grounds by floating a national carrier before the...
After an early ouster from the 2017 FIFA Beach Soccer World Cup, Super Sand Eagles striker, Abu Azeez, has stressed that Africa has failed to realise...
More than 50 per cent of collapsed buildings across urban and rural communities in Nigeria have been ascribed to use of manually produced blocks. Thirty per...
Although it is in dire need of gas to boost its electricity supply, Nigeria has continued to flare gas worth $850 million yearly, and this is...
Nigeria not having a national carrier will continue to see the country lose revenue, estimated at more than $1.5 billion annually, according to stakeholders in the...
A political economist, Professor Pat Utomi has blamed Nigeria’s current economic woes on failed knowledgeable leadership by past and current political leaders at all levels. He...
The Manufacturers Association of Nigeria (MAN) has described the ECOWAS – EU Economic partnership Agreement (EPA) as a mechanism to make Nigeria a dumping ground for...
Nigeria is among African countries that lose over $50 billion yearly to illicit financial flows through money laundering, tax evasion and other corrupt malpractices, so said...
In continuation of its programme, aimed at promoting food security in the continent, the African Development Bank (AfDB), says has it has approved $280 million, from...
As the world celebrates world malaria day, concerns are being raised over how well Nigeria, with over 170 million people is fighting to eradicate and keep...
The IMF/World Bank Spring Meetings ended in Washington on Sunday with the World Bank’s leadership giving indications that Nigeria’s economic woes were about to end. In...
Mr Ademilola Odujinrin, a Nigerian, and the first African pilot in history to fly solo around the world, using a cirrus SR22, a single engine aircraft...
Of the 189 country-list of the International Monetary Fund (IMF) on its official website published as the only nations, which the Fund is working with in...
Any progress that makes availability of dollars in its economy temporarily possible can only be sustainable, if a more definite reform policies are put in place...
Unless more efforts are channeled towards enhancing growth of its human capital, Nigeria may not be among the first 50 countries of the world on the...
The International Table Tennis Federation (ITTF) has confirmed the qualification of Nigeria’s Tosin Esther Oribamise, Tunisia’s Nathael Hamdoun and Egyptian duo, Youssef Abdel-Aziz and Marwa Alhodaby,...
An indigenous oil firm, Oranto Petroleum, has entered into a major oil investment drive, worth $500 million in South Sudan, which is to lead to developing...
The President of the Christian Association of Nigeria (CAN) Rev. Dr Samson Olasupo Ayokunle has assured Nigerians that the power of resurrection will not only end...
Despite promises by the Federal Government that there would be favourable competition between the non-oil and the oil and gas sectors, Nigeria has continued to record...
The World Bank has ranked Nigeria in fourth position among West African countries in its Global Trade Logistics Performance Index (LPI) for 2016. Leading the pack...
Words, words, words is all we ever hear from political leaders when calamity befalls the Nigerian people, with promises which have become stereotype; the same speech,...
The revelation by the Minster of Industry, Trade and Investment, Okechukwu Enelamah, that Nigeria’s Federal Government alone spends over $170 million yearly to import tomatoes has...
In line with the policy of the Federal Ministry of Finance to have mega insurance institutions in Nigeria, five big firms have gotten the nods of...
With the relative stability in the Niger Delta and improved oil price in the international market, Nigeria’s loan requests with the World Bank and the African...
Nigeria may not exit its current economic recession soon if it is depending solely on the current rise in the price of crude oil, this is...
Nigeria’s N1.12 trillion deficit in the 2016 budget, supposed to be largely financed through international credit agencies, including IMF, World Bank and African Development Bank (AfDB),...
At a time he was unsure of what path to settle for in his life’s journey, the young and active Ziggy (not real name), eventually decided...
Since the Boko Haram insurgency started in Nigeria’s northeast, hundreds of soldiers and officers have been drafted from various units and divisions across Nigeria into the...
Nigeria has concluded plans to secure a $4.5 billion loan facility from China to be solely devoted for acquisition of agricultural machinery and infrastructure. The tools...
President of the International Civil Aviation Organization (ICAO) Dr. Bernard Olumuyiwa Aliu, has embarked on a three-day official visit to Nigeria. The visit is part of...
Despite the row brewing between the Nigerian federal executive and its National Assembly, the lawmakers have given approval to the $500 million Eurobond sale for the...
The coast may be clear for Nigerian exporters of non oil products, as the Federal Government says it has concluded plans to settle the outstanding $670.25...
The Minister of Power, Works and Housing, Mr Babatunde Fashola has revealed that the Federal Government is concentrating on infrastructure development to get the country out...
If all things go well, Nigeria will rake in about N14.67tn into its economy from both foreign and local investors before the end of the 2017...
A criminal investigation has been launched by the Geneva Prosecutor’s Office into the operations of the Geneva-based Addax Petroleum Limited in Nigeria. The Chief Executive Officer...
Small and medium-scale farmers in Nigeria have attracted $200 million World Bank loan facility to the country. The bank’s loan will have a low-interest rate, and...
Some militant leaders in Nigeria’s Niger Delta region on Thursday gave new conditions for President Muhammadu Buhari to meet, in order to ensure total peace in...
Nigeria recorded above average in its maritime sector, having achieved about 59.5 per cent increase in vessel traffic at the various sea ports in 2016. The...
The total number of active mobile lines on telecoms networks in Nigeria has increased to over 155 million in January, this year, the latest industry report...
The leader of Boko Haram, Abubakar Shekau, has appeared again in a new video. Shekau, who seems to have nine lives, has turned himself into ‘abiku’...
Almost 20 per cent of the 100 registered insurance companies in Nigeria may go out of business, with about 25 per cent to be acquired. Also,...
Nigeria is listed as one of the African countries with the poorest rating in credit discharge records, with South Africa leading the pack of countries in...
Despite claims by the Nigerian National Petroleum Corporation (NNPC) that the four Nigerian refineries are producing at 70 per cent capacity, it can be confirmed that...
