Thursday’s trading session recorded a gain as the All Share Index (ASI) of the Nigerian Stock Exchange climbed higher by 47bps to settle at 29,749.35 points...
Nigeria loses about $6billion annually owing to the lack of indigenous shipping companies in the ownership and operation of international carriage of goods, the Nigerian Shippers’...
The Securities and Exchange Commission (SEC) on Wednesday said it has commenced the implementation of the report of its Technical Committee on Commodities Trading Ecosystem. The...
THE National Bureau of Statistics (NBS) on Tuesday said Nigeria’s Terms of Trade (ToT) rose by 2.3 percent in the first quarter of 2019 (Q1’19). ToT...
The Nigeria Employers’ Consultative Association (NECA) on Monday reacted to calls by President Muhammadu Buhari to state governments to increase Value Added Tax (VAT) in order...
Oando Plc on Monday urged the Federal High Court in Lagos to join it in the lingering face-off between the company’s suspended Group Chief Executive Officer...
The Federal Government on Monday inaugurated the Board of the Securities and Exchange Commission, SEC. The board which has Mr. Olufemi Lijadu as Chairman was inaugurated...
The Governor of the Central Bank of Nigeria (CBN) on Monday said the country’s external reserves have risen from $23 billion in October 2016 to over...
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, on Monday said his second term would witness the recapitalisation of the banking system. Emefiele made the...
The Director of the Treasury Single Account (TSA), Sylva Abor, has said that some Federal Ministries, Departments and Agencies are still operating illegal accounts outside the...
The President of African Development Bank (AfDB), Dr Akinwunmi Adesina, has said the menace of banditry and kidnapping and other unrest facing the country could only...
The Buhari Media Organisation, BMO, has described as false, a report by the United Nations Conference on Trade and Development(UNCTAD) that Nigeria’s Foreign Direct Investments(FDI) plunged...
Vice President Yemi Osinbajo on Saturday revealed plans by the Federal Government to solve the longtime problem of gridlock at Apapa roads in Lagos. Osinbajo, while...
The Organisation of the Petroleum Exporting Countries (OPEC) and the Nigerian Extractive Industries Transparency Initiative have commended Mr Mele Kolo Kyari’s appointment as NNPC boss. The...
The Central Bank of Nigeria (CBN) Friday disclosed its intentions to engage authorised currency dealers in a meeting to discuss development in the foreign exchange market....
The Tax Appeal Tribunal, South East Zone on Monday ruled that pensioners would not be included under the Personal Income Tax Act (PITA). The three-man panel...
President Muhammadu Buhari has given the 36 state governments a mandate to increase revenues in their respective States. Buhari also urged the governors to raise the...
Construction company, Julius Berger Nigeria Plc has announced a profit of N6.1 billion for the preceding year 2018. This was disclosed during the presentation of its...
The share price of Lafarge Africa Plc on Thursday gained 9.95 per cent after the company announced plans to sell its South African unit. The share...
The audit company whose report the Security and Exchange Commission (SEC) premised the suspension of top two executives of Oando Plc on have said it may...
Former President Olusegun Obasanjo has called on President Muhammadu Buhari to sign the African Continental Free Trade Area (ACFT) agreement. Obasanjo made the call at the...
In what may come as a surprise to many, billionaire businessman, Femi Otedola revealed that he has sold his interests in Forte Oil. Otedola made the...
Nigeria’s daily oil production has exceeded the 2.3 million barrel per day benchmark for the 2019 budget. The Group Managing Director, Nigerian National Petroleum Corporation (NNPC),...
The stock market at the local bourse extended its lingering bearish run on Tuesday as All-Share Index (ASI) sheds 39bps to settle at 29,818.80 points. It...
A report released by the National Bureau of Statistics (NBS) has revealed that prices of goods and services increased from 11.37 percent in April to 11.40...
Average price for the refilling of a 5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) decreased by -0.90% month-on-month and -2.13% year-on-year to N2,028.04 in May...
The African Development Bank (AfDB) has said that the Nigerian government is yet to sign the Continental Free Trade Area (CFTA) agreement because of lack of...
The Director-General of the National Automotive Design and Development Council (NADDC), Jelani Aliyu, on Sunday said the Federal government has rolled out N11 billion loan to...
A data released by the Manufacturers Association of Nigeria (MAN) has shown that Oyo, Ondo, Osun, Ekiti, Rivers, Kwara, Kogi, Lagos, Ogun and Kano are states...
The Federal High Court sitting in Lagos has adjourned till June 24, hearing in the case between Oando Plc’s Group Chief Executive Officer, Mr Adewale Tinubu,...
Chevron Nigeria Limited (CNL) has appealed to the residents and stakeholders in Ekeremor Local Government Area of Bayelsa to allow the implementation of its Gobal Memorandum...
The Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has disclosed a directive by President Muhammadu Buhari ordering the blacklisting of companies importing restricted...
Shell Petroleum Development Company (SPDC) said it lost a total of 11,000 barrels per day to oil theft in 2018. Disclosing this on Thursday at a...
The Central Bank of Nigeria (CBN) has concluded plans with Deposit Money Banks (DMBs) to disburse funds under the Creative Industry Financing Initiative (CIFI) The decision...
The Maritime Union of Nigeria has given a two-week ultimatum to the Federal Government to compel the International Oil Companies to pay all outstanding bills on...
The Kano Electricity Distribution Company (KEDCO) has set up a joint task force to fight against the stealing and damage of its installed equipment. The Managing...
The Nigeria Customs Service (NCS) has hinted on plans by the Federal Government to relax the ban placed on importation of vehicles through the nation’s land...
The people of Amazor Community in Ekeremor Local Government Area of Bayelsa State who were affected by the May 2018 Trans Ramos Pipeline Oil Spillage have...
The Nigerian Ports Authority (NPA) on Tuesday announced a 10% discount on harbour dues in all concessioned terminals at the Eastern ports. This was disclosed by...
The Central Bank of Nigeria (CBN) has rolled out plans to sell Treasury Bills (TBs) worth N809.4 billion for the third quarter 2019, Q3’19. This is...
There are indications that Nigerians may have to pay more for electricity as the federal government embarks on plans to boost the operations of electricity Distribution...
The Securities and Exchange Commission (SEC) on Monday announced the suspension of the Tuesday Annual General Meeting (AGM) of Oando Plc. Following the suspension of top...
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....