The Senate has approved N95.26 billion for the Federal Government of Nigeria (FGN) Power Company after Committee on Power submitted a report on the budget. In...
The Senate has suspended the request by President Muhammadu Buhari to restructure the N22.7 trillion loan from the Central Bank of Nigeria (CBN) over accusation of...
The 2023 Appropriation Bill has been passed by the House of Representatives, alongside the 2022 Finance Bill, 2022 Supplementary Appropriation Bill and Appropriation Act 2022 (Amendment)....
Negotiation between Femi Otedola’s company, Geregu Power, and Fund for Export Development in Africa (FEDA) is set to hit advanced stage as the latter received internal...
Airline operators in Nigeria risk a two-year imprisonment, N5 million fine, or both for failing to remit the mandatory five percent charge from sales of tickets...
The World Bank has advised the Central Bank of Nigeria (CBN) to review the ‘Race to US$200 Billion In FX Repatriation (RT200 FX) Programme’ due to...
The board of Tantalizers has disclosed that the company will be selling a majority stake in the company after holding an Extra-Ordinary General Meeting. According to...
Foreign airlines’ inability to repatriate their revenues in Nigeria has led to loss of jobs as travel agents are closing their businesses in the wake of...
PZ Cussons, Thomas Wyatt and Geregu made it into the stocks to watch list this week, as the Nigerian stock exchange resumes for a three-day trading...
The Nigerian National Petroleum Company (NNPC) Limited and the Independent Petroleum Marketers Association of Nigeria (IPMAN) are negotiating delivery of Premium Motor Spirit (PMS) amid fuel...
Following threats to debtors and complaints among Nigerians, the House of Representatives has resolved to investigate Carbon, Fairmoney, OKash and other lending applications (apps) companies. The...
The Deputy Governor, Financial System Stability, Central Bank of Nigeria (CBN), Aisha Ahmad, has revealed that Nigerians will not be affected by the cash withdrawal limit....
The International Monetary Fund (IMF) has warned oil exporting countries in Africa to save earnings from the boom in crude oil price, as transition to low-carbon...
The invasion of Ukraine by Russia has been factored in as one of the reasons the world is experiencing food inflation and food insecurity. Recall that...
The Secretary, Independent Petroleum Marketers Association of Nigeria (IPMAN) Abuja-Suleja, Mohammed Shuaibu, has said the Nigerian National Petroleum Company (NNPC) Limited should be blamed for the...
The Central Bank of Nigeria (CBN) on Wednesday informed the House of Representatives that its governor, Godwin Emefiele, would not appear before the lawmakers on Thursday....
President Muhammadu Buhari has disclosed that the Federal Government made $547 million from the sale of Fifth Generation (5G) spectrum to MTN Nigeria and Mafab Communications....
A member of the House of Representatives, Yusuf Gagdi, has said the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, is disrespecting Nigerians. Gagdi...
The Chief Executive Officer of Twitter, Elon Musk, has revealed that he will resign after a poll conducted by him requested that he steps down from...
For the second time in two weeks, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has snubbed the request of the House of...
Berger Paints has appointed Celestine Aruoture from Union Bank as its Chief Operating Officer amid intense competition from Chemical And Allied Products (CAP) and Meyer Plc....
Foreign creditors who bought into Ghana’s eurobonds, commercial terms and other investment securities will not be collecting their money back anytime soon, and Ghanaian traders, as...
Tax relief applications by Aliko Dangote’s coal company, Flour Mills Nigeria Plc, Max Air, and about 169 other corporations are likely to be rejected by the...
Members of the Association of Mobile Money and Bank Agents (AMMBAN) have threatened to take their protest of the cash withdrawal limit to the streets and...
As the Nigerian stock market resumes trading this week, some of the stocks to watch out for are Dangote Cement, MCNichols and Learn Africa. Ripples Nigeria...
The Argentina national team will take home $42 million after winning the FIFA World Cup on Sunday. The Lionel Messi-inspired La Albiceleste lifted the FIFA World...
As the new naira notes went into circulation on Thursday, Nigerian banks are struggling to provide it in abundance as demands overshoot supply in banking halls....
OneCoin, a cryptocurrency asset that was supposed to kill off Bitcoin (BTC) and promoted to give crypto investors more value for their investment than BTC, ended...
The bulls maintained their grip on the Nigerian stock market on Friday, as demands for stocks like UPDC, PZ and others pushed the market capitalisation up...
The Managing Director, Niger Delta Power Holding Company (NDPHC), Chiedu Ogbo, has revealed that the electricity supply industry is owing the firm N100 billion. According to...
Gains in Chemical and Allied Products (CAP), Ardova, amongst others handed some investors in the Nigerian capital market N133.43 billion, leading to the market capitalisation appreciating...
The Central Bank of Nigeria (CBN) will start rolling out the redesigned naira notes of N200, N500 and N1000 through commercial banks on Thursday. Ripples Nigeria...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that Nigeria lost 619.7 million barrels of crude oil worth $46.16 billion or N16.25 trillion in 12...
The Nigerian Senate has deliberated on the cash withdrawal limit policy announced by the Central Bank of Nigeria (CBN), offering three recommendations to the financial regulator....
The United States’ Securities and Exchange Commission (SEC) has charged Sam Bankman-Fried, the founder of Futures Exchange (FTX) for diverting customer funds, that resulted in loss...
The founder of Futures Exchange (FTX), Sam Bankman-Fried, has declared that the disgraced cryptocurrency platform has enough funds to pay its investors. Investors in FTX lost...
Two deputy governors of the Central Bank of Nigeria (CBN), Aishah Ahmed and Edward Adamu, have been questioned by the Senate Committee on Banking and Financial...
The founder and former chief executive officer (CEO) of Futures Exchange (FTX), Sam Bankman-Fried, has been arrested by Bahamas authorities amid investigation into his cryptocurrency exchange...
New report has shown that Twitter was not impartial to its content moderation as it relates to President Muhammadu Buhari and Donald Trump. The Chief Executive...
The Central Bank of Nigeria (CBN) has announced plans to meet with digital lenders, application developers, start-ups, and financial technology providers to identify new innovations that...
In 2023, Nigeria’s debt servicing will gulp 123.4 per cent of Federal Government’s revenue, the World Bank’s Lead Economist for Nigeria, Alex Sienaert, has projected, expressing...
The brewery industry is struggling to curb the cost of operations, and this is affecting the net profit of the sector. As the former rose by...
The Nigerian Exchange Group (NGX) has fined Ecobank Transnational Incorporated (ETI) N3.2 million for failing to submit its third quarter 2022 financial statements after the date...
The House of Representatives has requested the sanction of the Central Bank of Nigeria (CBN) Nigerian National Petroleum Company (NNPC) Limited, and other ministries, departments, and...
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has revealed that the withdrawal policy announced recently could be adjusted after assessment. On Thursday,...
The former Chairman of Major Oil Marketers Association of Nigeria, Tunji Oyebanji, said on Thursday the Nigerian National Petroleum Company (NNPC) Limited has not taken possession...
Investors at the Nigerian capital market lost N30 billion after eight hours of trading on Thursday. This followed the crash in equity capitalization by -0.1 percent...
About 700,00 barrels of crude oil are lost per day to oil theft in Nigeria, the Chief Upstream Investment Officer at the NNPC Upstream Investment Management...
Airtel Africa has emerged as the sole bidder for the 5G spectrum license, despite MTN Nigeria expressing interest in participating in the bidding round. The 5G...
The current fuel scarcity in the aviation industry has began to affect operations, as Air Peace informed Nigerians that passengers will start experiencing flight delays. Air...