The Federal Executive Council has approved the award of a contract to Dangote Industries for the construction of five roads totaling 274.9 km at the cost...
With 16.6 million individuals registered in the National Social Registry, North West has twice as much the number of poor and vulnerable people in Nigeria. The...
The Guaranty Trust Bank (GTBank) has appointed Mrs. Miriam Olusanya as its new Managing Director. In a notice sent to the Nigerian Exchange Group Limited (NGX)...
Nigerian elections are among the most expensive in the world, and they may become much more so in the coming years. According to reports, the National...
The Federal Government has appointed four asset managers to manage Nigeria’s newly established Infrastructure Company of Nigeria Limited (Infra-Co). Infra-Co was established by the government to...
Royal Dutch Shell Plc has abandoned its final push to bring its legal dispute with oil communities from the United Kingdom Court to Nigeria for hearing....
Innoson Nigeria Limited has implored the Federal High Court, Lagos, to set aside an order granting Guaranty Trust Bank (GTB) permission to undergo restructuring to a...
The Federal Government has received applications for tax relief from 24 Nigerian businesses in the first three months of the year, with 10 rejected. The Nigerian...
Despite the Central Bank of Nigeria (CBN) injecting at least $210 million into the foreign currency market last week, the Nigerian Naira closed in the red...
The week ended with the stock market recording 1.348 billion shares as total turnover in 21,581 deals, which is worth N12.140 billion. This is below the...
Many Nigerians have become complacent against the dreaded Covid-19 disease in recent months, particularly in public places, but data reveal there is need to remain very...
The Central of Nigeria (CBN) has released the guidelines for the operation of Payment Service Banks (PSBs) in Nigeria. In a document released by the apex...
Officers from the Nigerian Navy’s Special Boat Service have completed a five-week Joint Combined Exchange Training (JCET) with a team from the United States Army Special...
On Thursday, the Nigerian currency gained against the US Dollar in the foreign currency (FX) market’s Investors and Exporters (I&E) window. Data from FMDQ securities shows...
Multichoice, South African digital television has denied the accusation from the Federal Inland Revenue Service (FIRS) that it dodged tax and had an outstanding of N1.8...
Vice-president Yemi Osinbajo, says Nigeria can generate $1 billion in revenue and create 700,000 jobs from the leather industry by 2025. According to Osinbanjo, the leather...
FCMB Pensions Limited has acquired AIICO Pension Managers Limited as the FCMB Group plans to combine both businesses. The deal was, however, slashed by regulators. FCMB...
The Lagos Chamber of Commerce and Industry (LCCI) forecasts an increase in the growth performance index in the second and third quarters of 2021. The President...
Nigerian stock market’s investors’ confidence is on a high following the rise in the market capitalization at the close of business on Tuesday. On the floor...
The Debt Management Office (DMO) on behalf of the Federal Government has announced the offer for subscription of the July 2021 FGN Savings Bond. This is...
Holders of refining licenses in the country can pay for domestic crude oil supply in naira, according to the Petroleum Industry Bill (PIB) passed by the...
The National Pension Commission (PenCom) has revealed that it has created an online enrollment application for prospective retiree registration, verification, and enrollment. This was made known...
The federal government has revealed that the country recorded 4,919 oil spills between 2015 to March 2021. Dr. Mohammad Abubakar, Minister of the Environment, disclosed this...
The Naira opened the first trading day of the week strong to the U.S dollar on Monday at the official foreign exchange market. Data published on...
The Federal Government has explained why the Nigerian currency was devalued again, the third time in just a year. According to Zainab Ahmed, Minister of Finance,...
The Nigerian Communications Commission (NCC) has disclosed that between January 1 and May 31, 2021, it earned over N150 billion in revenue from spectrum licensing fees....
The Naira is likely to rebound from its loss this week, as the Central Bank of Nigeria (CBN) is expected to inject funds into the exchange...
Montenegro’s government may be forced to cede a portion of the country to China after failing to repay a $1 billion loan for road construction. Dubbed...
Nigeria’s dwindling finances came under intense pressure again in the first five months of the year, as the federal government borrowed at least N1.3 trillion to...
The Lagos State Government and CCECC the contractor in charge of the Lagos-Badagry Expressway project, have promised to complete the project by December. Special Adviser to...
The Nigerian National Petroleum Corporation (NNPC) is set to adopt a new identity in coming months. Following the passage of the Petroleum Industry Bill (PIB) on...
The Federal Government of Nigeria recorded a fiscal deficit of N3.01 trillion in first five months of 2021, reflecting the country’s worsening finances. Figures obtained from...
The federal government has projected a rise to 4.2 percent of the country’s Gross Domestic Product (GDP) in 2022. The Minister of Finance, Budget, and National...
Nigeria’s foreign reserves fell by $2.3 billion in the first six months of 2021, despite an increase in oil prices, as foreign exchange pressure and subsidy...
The Minister of State for Petroleum Resources, Timipre Sylva, on Thursday outlined some of the benefits Nigerians should expect from the Petroleum Industry Bill (PIB). The...
The Lagos Chamber of Commerce and Industry (LCCI) on Thursday announced the appointment of Chinyere Almona as new director-general. Almona assumed office on July 1. She...
Mariam Yalwaji Katagum, Minister of State for Industry, Trade, and Investment has disclosed that the Micro, Small, and Medium Enterprises (MSMEs) sector employs around 76 percent...
The depreciation of the Nigerian naira continued in the first half of the year, with the currency losing up to eight percent of its value on...
The National Pension Commission (PenCom) has said it recovered N608.55m from defaulting employers who deducted their workers monthly emoluments but failed to remit to their Retirement...
The federal government through the Pension Transitional Arrangement Directorate (PTAD) has received the sum of £26.5 million repatriated from the United Kingdom. These pension funds were...
More Nigerians who have lost their jobs are turning to their pension funds to help them weather the current economic downturn. Data obtained from the National...
The Central Bank of Nigeria (CBN) has finalized plans to distribute another 50,000 metric tonnes of maize from the strategic maize reserve (SMR) to 12 major...
The federal government, on Sunday said gas flaring in oil communities have been reduced by 92 percent, and those complaining are only exaggerating. The Minister of...
On Friday, Guaranty Trust Bank (GTB) standalone commercial banking structure was delisted from the Nigerian exchange daily official list. The delisting of GTB subsequently saw the...
After weeks of warning, Lagos bakeries have finally raised the price of bread, Nigerians’ favorite staple, by 30 percent. The Association of Master Bakers and Caterers...
The Nigerian currency, Naira fell against the U.S dollar on the official market yesterday despite decrease in market activity. Data posted on the FMDQ Security Exchange...
Despite the fact that pastoralism has lately become a big subject in the news, with reports of communal clashes and loss of lives, data show Nigeria’s...
The Nigerian National Petroleum Corporation (NNPC) says smuggling across the borders increased the daily consumption of Premium Motor Spirit (PMS) to 103 million litres per day...
Naira remained stable against the US Dollar at the parallel market on Tuesday to close at N500 a dollar. This was the same rate that was...
The Federal government appears to be at a crossroads as Brent crude soared closer to $75 per barrel on Monday, June 21. According to data, the...