The Securities and Exchange Commission (SEC) over the weekend maintained that it followed due process in the investigation of Oando Plc. In a statement by its...
The Central Bank of Nigeria (CBN) has lamented the economic backwardness faced by the nation despite its brilliant policies. The bank highlighted smuggling and dumping of...
The Nigerian National Petroleum Corporation, NNPC, has revealed that the importation of Premium Motor Spirit, also known as petrol, into Nigeria, through its Direct Sale Direct...
The Federal Airports Authority of Nigeria (FAAN) has closed down some sections of the Murtala Muhammed International Airport with effect from Friday. The agency’s General Manager,...
Ibom Air, the first commercial airline to be owned and operated by a state government in Nigeria and Africa, will begin full commercial operations on June...
In adherence to the directive by the Nigerian Financial Intelligence Unit (NFIU) which has barred state governments from spending funds meant for local governments, banks have...
Former Minister of Communication, Adebayo Shittu, has denied claims he took bribe from Mobile Telecommunication Network (MTN) to influence the reduction of the fine imposed on...
The Bureau of Public Enterprises (BPE) on Thursday denied any link with purported ongoing verification of former workers of the defunct Power Holding Company of Nigeria....
The Department of Petroleum Resources (DPR) on Thursday announced that it has revoked Oil Mining Licences and one Oil Prospecting Licence belonging to five companies. One...
A Federal High Court in Lagos on Thursday, adjourned until June 19, hearing in a debt recovery suit filed by the Federal Government, against Shell Western...
Ghanaian’s Ministry of Railways Development in Accra has pulled out of its agreement with the China Railway Construction Corporation (international) Nigeria Limited. Consequently, the ministry has...
The African Development Bank (AfDB) has barred Qualitrends Global Solutions Nigeria Limited, a construction Company registered in Nigeria, for 36 months. The bank made this known...
The governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has expressed worries over the current state of Nigeria’s economy. Emefiele who just began his...
A Federal High Court, sitting in Lagos, Monday, restrained the Securities and Exchange Commission from giving effect to its decision on Oando Plc. It would be...
Market capitalization on the trading floor of the Nigerian Stock Exchange (NSE) declined by N61.2 billion to close at N13.6 trillion on Monday while year-to-date (YTD)...
Nigeria Inland Waterways Authority (NIWA) said it has signed a Memorandum of Understanding (MoU) with the Nigeria Export-Import Bank (NEXIM) and SEALINK Promotional Co. Ltd to...
The police on Monday laid siege to the headquarters of Oando Plc located on Ozumba Mbadiwe Avenue, Victoria Island, Lagos. Members of staff of the company...
A release by the National Bureau of Statistics (NBS) has revealed that non-performing loans in the banking sector for March, 2019 stands at N1.676tn. A further...
After ordering the resignation of some of its board members, the Securities and Exchange Commission (SEC) has constituted an Interim Management Team to oversee the affairs...
The National Bureau of Statistics (NBS) has said a total of 557,083,712 electronic-payment transactions valued at N34.02 trillion were recorded for the first quarter of 2019...
Nigeria’s Foreign Exchange Reserves increased to $45.090 billion in May from $44.790 billion in April of 2019, according to the latest statistics from the Central Bank...
The Director-General, (DG), Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Dr. Dikko Umaru Radda, has decried the attitude of Nigerian SMEs towards taking advantage...
The management of Oando Plc has challenged the Securities and Exchange Commission’s verdict on the outcome of the Forensic Audit into the company. Oando says it...
MTN Nigeria Communications Plc, has paid the sixth and final installment of N55 billion to the Nigerian Communications Commission (NCC). This completes MTN’s payment of the...
The Securities and Exchange Commission (SEC) has barred the Group Chief Executive Officer of Oando Plc, Wale Tinubu, and his deputy, Omamofe Boyo, from being directors...
Civic organization, BudgIT has said Nigeria’s economy suffered a total loss of N159 billion due to failed refineries between 2017 and 2018 during the first term...
Today (May 31) is the deadline given to telecommunications company, MTN Nigeria Plc to complete the N330 billion SIM registration fine slammed on it by the...
Governor Kayode Fayemi of Ekiti State on Thursday demanded the construction of a 330 KV substation by the Transmission Company of Nigeria (TCN) to boost power...
The Niger Delta Budget Monitoring Group (NDEBUMOG) and Oxfam International have accused the federal and state governments of protecting the rich who evade taxes while the...
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASAN) on Wednesday warned against attack on oil facilities in the Niger Delta region. The union,...
The longtime struggles of pensioners of the defunct Nigeria Airways appears to be paying off as President Muhammadu Buhari has approved the sum of N22.6 billion...
The Securities and Exchange Commission, SEC, has expressed worries by the Nigerian government over inability to achieve its revenue targets in the midst of pressing critical...
At least 223 local and international investors are bidding for the sales and purchase of over 7,000 metric tons (mt) of natural gas liquids in the...
The Nigerian Government on Tuesday wooed investors into road construction in the country. The government said it would grant tax incentives to private companies willing to...
The federal government has raised concerns over sourcing for fund to finance the additional N102.84 billion in the 2019 budget. The gap was created after the...
A former Deputy Governor of the Central Bank of Nigeria, Obadiah Mailafia, has accused the Lagos State government of engaging corrupt consultants in collecting tax in...
Prices of oil on Monday rose by one per cent despite tension in the Middle East and the supply cut by the Organisation of Petroleum Exporting...
A report released by the National Bureau of Statistics (NBS) has revealed that a total sum of N289.04 billion was generated as VAT in first quarter...
The Federal Government has disclosed plans to issue a second Green Bond of up to N15 billion. This was disclosed in a statement released on Monday...
The Nigerian Civil Aviation Authority (NCAA) on Monday said it has shelved its threat to demolish over 7,000 telecommunications masts belonging to some telecommunications providers erected...
The Lagos Chamber of Commerce and Industry, LCCI, has delivered a mixture of praises and knocks for the performance of President Muhammadu Buhari’s performance in his...
MTN Nigeria has lamented that it is currently experiencing an investigation in the hands of the Economic and Financial Crimes Commission (EFCC) over an allegation bothering...
Oil giant, Shell Petroleum Development Company (SPDC) has reiterated its exit from Ogoni since 1993, stressing that it would not return to the area again either...
The Economic and Financial Crimes Commission, EFCC, is currently probing MTN Nigeria Plc for alleged manipulation of its recent share listing on the Nigerian Stock Exchange,...
MTN Nigeria Communications Plc on Friday suffered its first share price fall since listing on the Nigerian Stock Exchange. The NSE admitted MTN Nigeria on its...
Outgoing governor of Zamfara State, Abdulaziz Yari, has advised the country to spend more on agriculture to ensure a solid plan for the future. The governor...
Air Peace has said it lost over N1.2 billion in the last one year due to exorbitant charges imposed on the carrier by some West Coast...
The Central Bank of Nigeria, CBN, will continue to implement policies that will help reduce the importation of goods that can be produced locally in the...
Tin-Can II Customs Command in Lagos generated N6.81 billion as revenue between January and April 2019. Customs Area Controller, Comptroller Lami Wushishi, made this disclosure on...
A coalition of civil groups on Thursday protested against a bill for a law to provide for electricity theft and other related offences, currently under consideration...