On Wednesday, the Naira fell further on the parallel side of the foreign exchange (FX) market, as mounting pressure devalued the local currency by N3. Naira...
Despite a well-publicized declaration of Profit After Tax (PAT) of N287 billion, the Nigerian National Petroleum Corporation (NNPC) is still mired in financial difficulties. The NNPC...
The National Bureau of Statistics (NBS) has revealed that the Nigerian Nollywood industry released 1,051 films in the first six months of 2021. NBS stated this...
Gombe State has made an appeal to southern state governments to reconsider their push to keep Value Added Tax (VAT) generated. Muhammad Magaji, the state’s Commissioner...
At the official Investors and Exporters window, the Naira gained 0.11 percent versus the US dollar on Tuesday, closing at N410.67/$1 compared to N411.13/$1 it closed...
The United States government has selected 250 Nigerian female entrepreneurs for a three-month business training through its initiative Academy for Women Entrepreneurs (AWE). In a statement...
The Judicial Service Commission (JSC) in Borno State has sacked two Sharia Court Judges and demoted two others. In a statement signed on Tuesday by one...
Nigerians love of all things foreign was on full display in the first half of the year, with billions of Naira spent on importing fish, and...
The Nigerian National Petroleum Corporation’s (NNPC’s) Group Managing Director, Mele Kyari, has stated that Nigerians and interested investors will be able to become shareholders in the...
While Bauchi and Gombe continue to wait for recognition as oil-producing states, Delta, Akwa-Ibom, Bayelsa, Rivers, Edo, Ondo, Imo, Abia, and Lagos have welcomed a new...
Weak demand for Nigerian products increased the trade balance deficit to N1.87 trillion in the second quarter of 2021. The National Bureau of Statistics (NBS) stated...
The Nigerian Investment Promotion Commission (NIPC) has disclosed that it generated N11.91 billion between January 2016 and June 2021. However, it remitted only N5.8 billion into...
After the latest trading session on Friday, the difference between the official and black market exchange rates for Naira to U.S dollars hit N118.50. This means...
Access bank recorded an impressive first half 2021, as profit before tax grew by 31.21 per cent to N97.50 billion from N74.31bn in the corresponding period...
Despite a 3.96 percent rise in registered Point of Sales (PoS)- terminals, Nigerians’ transaction volume fell to a six-month low in August. According to data obtained...
The Department of Petroleum Resources (DPR) has revealed that nine Liquefied Petroleum Gas (LPG) plants in Lagos state have been shut down due to illegal operations....
The Federal Government has set a deadline of Sunday, September 5 for all Ministries, Departments, and Agencies to submit their budget plans for 2022. The decision...
The Senate has raised concern over the Securities and Exchange Commission’s (SEC) excessive staff expenses, directing the Director-General, Mr Lamido Yuguda, to act quickly to prevent...
The National Pension Commission has disclosed that the pension fund assets of the Contributory Pension Scheme (CPS) grew by 3.91 percent in the first seven months...
The Nigerian currency, naira has hit an all-time low after exchanging for N530/$ at the parallel market on Thursday. Data posted from Aboki FX in Thursday...
Nigerians have continued to pay more for food as insecurity undermines ongoing efforts by the Federal Government to boost agricultural output in the country. In a...
Nigeria recorded a monthly gain in its external reserves in August amid news that the countey would be expecting $3.5 billion from the International Monetary fund...
The federal govt on Wednesday sacked two ministers; that in charge of ministry of Power, Sale Mamman and that of Agriculture and rural development, Sabo Nanono....
After consecutive devaluation, the Naira posted a gain against the US dollar at both the official and unofficial market windows of the forex market on Tuesday....
Claim: President Muhammad Buhari on August 26 declared that the Nigerian National Petroleum Corporation (NNPC) posted N287 billion profit after tax. The President turned to Facebook...
The Nigerian National Petroleum Corporation (NNPC) has spent a total of N14.5 billion on frontier exploration services, which involves the search for hydrocarbons in inland basins,...
Nigeria’s oil revenue took a hit in June, with different production disruptions costing the government an estimated 6.03 million barrels. The Nigerian National Petroleum Corporation (NNPC)...
The Central Bank of Nigeria (CBN) has unveiled Bitt Inc, a global Fintech company as its official partner for its digital currency, named eNaira, which is...
The federal government has set October 11, as the date to shop for new creditors to help finance the 2021 budget deficit. This is according to...
Zenith Bank Plc has reported a strong first half for 2021, with its profit before tax (PAT) increasing by N3 billion. According to the bank’s audited...
No respite yet for Nigerian currency as the new week begins with Naira exchanging weaker to all foreign currencies. Data from Abokifx shows currency traders at...
The market value of Manchester United stock rose by 8 percent representing over $250 million in monetary terms less than 24 hours after the club announced...
If you ask any Nigerian student doctor what their plans are after finishing their education, the natural answer will be to leave the country. In fact,...
The National Bureau of Statistics on Thursday surprisingly posted the biggest expansion in the economy in over six years. According to NBS report, Nigeria’s gross domestic...
Nigeria’s domestic gas penetration aspirations have received a major boost as the Nigerian National Petroleum Corporation (NNPC) and the Kaduna State Government have signed a Memorandum...
The Nigerian currency again traded weaker against the U.S dollars at the unregulated segment of the foreign exchange (forex) as currency dealers continued to take advantage...
President Muhammadu Buhari has revealed that the Nigerian National Petroleum Corporation (NNPC) recorded profit after tax of N287 Billion in 2020, the first in 44 years....
Delta State Governor Dr. Ifeanyi Okowa has described the current situation in the country as pathetic, saying many Nigerian youths are ready to leave by any...
Delta State Governor, Dr. Ifeanyi Okowa has renewed his call for states to control their resources and a review of the current revenue allocation formula to...
The international oil benchmark, Brent crude, against which Nigeria’s crude oil is priced sustained its recovery as price rose by 3.5 percent, or $2.44, to $71.11...
Nigerians who chose to use the black market on Tuesday due to easy access to foreign currency were forced to pay more than they did on...
Nigerians may have to pay more for soft drinks should the Nigeria Customs Service (NCS) succeed in reintroducing excise duty on all drinks produced in the...
The total asset value of mutual funds in Nigeria has hit the N1.28 trillion mark, according to the latest data from the Securities and Exchange Commission...
The Naira again traded weaker against the US Dollar on Monday, losing 16 kobo or 0.04 per cent at the Investors and Exporters (I&E) window, the...
Nigeria together with other developing countries are expected to share $275 billion dollars out of the International Monetary Fund’s (IMF) $650 billion Special Drawing Rights (SDRs)....
Usman Baba, Inspector-General of Police (IGP) has presented cheques totaling N4.75 million to the families of seven deceased police officers on Monday. The IGP, who was...
The Central Bank of Nigeria (CBN) has instructed microfinance banks operating in the rural areas not to exceed it’s credit facility to customers beyond N500,000. This...
Nigeria’s currency is starting the new week weaker to the dollars, pounds and Euro at the unregulated exchange market, but hope of recovery is on the...
In its bid to lift 100m Nigerians out of poverty, the Federal government has promised to resume N10,000 monthly payment to the poor and vulnerable across...
Employees and investors are currently in limbo as the Central Bank of Nigeria (CBN) has directed banks to place a post-no-debit on the bank accounts of...