The International Monetary Fund (IMF) has become increasingly infatuated by the negative consequences of excessive inequality. This new-found mission is laudable, but neglects the manifold ways...
Oxfam International, a confederation of 20 independent charitable organizations focusing on the alleviation of global poverty, has said that Nigeria loses about $2.9 billion (about N580...
The Federal Government spent the sum of N610.2bn paying interest on its domestic debts put at N13.11 trillion in the first three months of 2019, data...
The Nigeria Employers’ Consultative Association, NECA, has warned that Nigeria may soon become a dumping ground with the signing of the controversial African Continental Free Trade...
The Central Bank of Nigeria (CBN) on Tuesday said $210 million had been freshly injected to boost the Nigerian foreign exchange market. The apex bank had...
There is respite coming the way of investors in Dantata Success and Profitable Company as the Securities and Exchange Commission (SEC) has announced the commencement of...
Christine Lagarde has resigned as managing director of the International Monetary Fund (IMF). This is as she awaits confirmation as the new president of the European...
Cinema goers in Nigeria spent about 3,124,026,959 billion Naira to watch box office movies at cinemas around the country, between January and June, 2019, data reveals....
The Nigerian Communications Commission (NCC) remitted N51.3 billion to the Federal Government’s Consolidated Revenue Fund (CRF) in the first quarter of 2019. The remittance, according to...
The Nigerian equities market opened trading for the week on Monday on a negative mood with the market indicators shedding 0.79 per cent. Market capitalisation shed...
The consumer price index, (CPI) which measures inflation increased by 11.22 percent (year-on-year) in June 2019. This is 0.18 percent points lower than the rate recorded...
The Central Bank of Nigeria (CBN) has disclosed the duration period under which Deposit Money Banks (DMBs) should resolve different transaction issues lodged by their customers....
The management of Ethiopian Airlines are in talks with the Federal Government of Nigeria towards establishing an international carrier for the country. This was disclosed on...
The Federal Government on Friday disclosed that its social investment programme, N-Power has gulped a total of N279 billion which was spent on Nigerian youths. The...
The Nigerian Communications Commission (NCC) on Thursday said $136billion fresh investment is needed to expand the telecommunications sector. This was disclosed by the CEO of the...
The Debt Management Office, DMO, has said that the Federal Government spent a total of $357.26m in the first three months of 2019 to service external...
The oil-bearing communities in the Nembe Council Area of Bayelsa State have rejected the Global Memorandum of Understanding drawn by the international oil companies operating in...
The Royal Dutch Shell has come under criticism as a group, Oil Spill Victims Vanguard (OSPIVV), on Thursday said over 170,000 fisher-persons, as well as 350...
Investors in the Stock Market on Thursday lost N170.9 billion as market capitalisation fell in value to N13.9 trillion. Sell pressures in bellwether stocks AIRTELAFRI (-10.0%),...
The Nigerian National Petroleum Corporation (NNPC) on Thursday dismissed rumours around a planned hike in the pump price of Premium Motor Spirit (PMS) popularly known as...
The Office of the Accountant General of the Federation (OAGF) on Thursday revealed that the Federal Government made a withdrawal of N10 trillion from the Treasury...
Nigeria’s total debt has increased by 2.3% to N24.947 Trillion (US$ 81.274 Billion) as of March 31, 2019. The Debt Management Office (DMO) released the figure...
The African Development Bank (AfDB) on Tuesday said Nigeria accounted for $7bn of the $38.7bn inflows that were secured for the African continent at the maiden...
The stock market continued its bullish run at the close of trading on Tuesday following the listing of Airtel Africa on the local bourse. Airtel completed...
The Nigerian Stock Exchange (NSE) on Tuesday accepted the planned Cross Border Secondary Listing of 3,758,151,504 ordinary shares of Airtel Africa Plc at N363. This is...
The Standards Organisation of Nigeria (SON) on Monday said it would destroy N38m worth of substandard roofing sheets found in a Lagos warehouse. The Director, Inspectorate...
The African Export-Import Bank (Afreximbank) has revealed that it is providing a grant of $1 billion to African countries to support the implementation of the African...
The losing streak in the local bourse was halted in the first trading session of the week as buying interest in FLOURMILL (+10.0%), FBNH (+2.4%) and...
The Department of Petroleum Resources (DPR) has closed down 17 illegal LPG stations in Ibadan. Mr Oluyemi Olaonipekun, the Operations Controller of Ibadan Field Office of...
The Nigerian National Petroleum Corporation (NNPC) has been described as one of the Federal Government agencies that has always made efforts to check corruption. The claim...
African Union (AU) leaders will gather in Niger on 7 July for an Extraordinary Summit to discuss the African Continental Free Trade Area. They will be...
President Muhammadu Buhari on Sunday signed the Agreement Establishing the African Continental Free Trade Area (AfCFTA).
The Nigerian Association of Chambers of Commerce Industry Mines and Agriculture (NACCIMA) is in talks with the Central Bank of Nigeria (CBN) to see that agriculture...
The Maritime Workers Union of Nigeria (MWUN) has suspended the its two-day-old strike following the intervention of management of the Nigerian Ports Authority (NPA) The union...
The Nigerian Stock Exchange (NSE) on Friday announced the postponement of listing of telecommunications company, Airtel Africa Plc on the local bourse. This was contained in...
The Lagos Chamber of Commerce and Industry (LCCI) has raised the alarm over the high inflation rate and debt profile of the country. The Chamber also...
Deposit Money Banks, DMBs, in the country can now operate mobile money wallets without getting approvals from the Central Bank of Nigeria, CBN, the apex bank...
The indefinite strike embarked upon by Maritime Workers Union of Nigeria has entered day two. The workers began the nationwide strike yesterday following the expiration of...
The bearish performance of the local bourse was on Wednesday extended into the third consecutive session as sell pressures in DANGCEM (-1.6%), ZENITH (-1.0%) and MOBIL...
The President of the Lagos Chamber of Commerce and Industry, Mr Babatunde Ruwase, has demanded the reversal of the new import duty exchange rate set by...
The Distribution Companies (DisCos) have faulted poor transmission network protection mechanism by the Transmission Company of Nigeria (TCN) for the nine grid system collapses recorded in...
Gas producers in the country have said they are being owed N1.3 trillion by power generation companies (GENCOs). The first Vice President, Nigerian Gas Association, Mr...
The Organisation of Petroleum Exporting Countries (OPEC) and the non-member countries of the organisation on Tuesday signed a draft `Charter of Cooperation’ in a bid to...
The Nigerian Stock Exchange (NSE) has announced the suspension of trading in the shares of 11 companies. According to a statement on Tuesday by the NSE...
Shell Petroleum Development Company, SPDC, in Rivers State on Tuesday signed a Memorandum of Understanding (MoU) with host communities to reopen operations on Oil Mining License,...
Investors at the local bourse on Monday lost N155.2bn as market begins second half on a bearish note at the Nigerian Stock Exchange (NSE). All-Share Index...
The Nigerian Content Development and Monitoring Board (NCDMB) Monday, disclosed that from September, it would begin the clampdown of oil and gas companies operating in the...
Internally Generated Revenue of the 36 states and FCT rose from N800 billion in 2016 to N1.16 trillion in 2018. This was disclosed on Monday by...
Investors in Nigerian equities suffered average depreciation of 4.66 per cent in their portfolios during the first half of this year. This is equal to a...
Host communities of Oil Mining lease (OML)-25 in Kula Kingdom, Akuku-Toru Local Government Area of Rivers State have denied agreeing to the re-opening of the oil...