As part of efforts to end the circulation of dirty, mutilated and counterfeit banknotes, the Central Bank of Nigeria (CBN) has put together a Clean Note...
The Nigerian Society of Engineers (NSE) has called for an upward review of electricity tariff to ensure steady power supply in the country. The call was...
The Nigerian National Petroleum Corporation (NNPC) says it looks up to the completion of the Dangote Refinery to meet up with the increasing demand of petroleum...
The Transmission Company of Nigeria (TCN) has announced that there was a reduction in power generation as a result of gas supply challenges. In a statement...
Chevron Nigeria Limited (CNL), operator of the joint venture (JV) between the Nigerian National Petroleum Corporation (NNPC) and CNL (NNPC/CNL JV) has refuted reports of five...
The African Development Bank (AfDB) has advised Nigeria to take up the task of leading Africa’s agricultural revolution. The bank urged the government to take advantage...
The Nigerian National Petroleum Corporation (NNPC) has said the country’s oil production will experience a 20 million litres shortfall by 2020. The shortfall translates to 427,000...
The President of Nigerian Society of Engineers, NSE, Adekunle Mokuolu, has called for an upward review of electricity tariff in the country. Mokuolu, who spoke memorial...
The Nigerian National Petroleum Corporation (NNPC) says it has no plans of relocating its Gas Marketing Subsidiary, Nigerian Gas Marketing Company Limited (NGMC), from Warri to...
Chevron Nigeria Limited (CNL) on Thursday laid claims to the five oil wells that were gutted by fire in some communities in Ilaje Local Government Area...
The Bank of Agriculture (BoA) is to receive a facelift as the Federal Government plans to inject N10 billion in repositioning it. This was disclosed by...
American multinational technology giant, Microsoft, on Thursday reached a valuation of one trillion dollars for the first time. The company becomes the third company to hit...
Nigeria’s House of Representatives is set to investigate the country’s loss of $27 billion oil revenue to International Oil Companies (IOCs) since 1999. The development followed...
The Federal Government has said it would embark on aggressive tax collection to increase revenue from the non-oil sector. This was disclosed by President Muhammadu Buhari...
The Central Bank of Nigeria, CBN, Wednesday, continued its intervention in the internet-bank segment of foreign exchange market as it injected another $210 million. According to...
The Federal Government has begun talks with Saudi Arabia national oil company, Aramco for investment in the country’s refineries. The Minister of State for Petroleum Resources,...
In a bid to fulfil requirements to be listed on the Nigerian Stock Exchange, MTN Nigeria has changed its status from a private company to a...
Edo State Government has warned petroleum marketers in the state against diverting petroleum products allocated to Edo to neighboring states, causing artificial scarcity of the products....
Singapore-based agriculture company, Olam International Limited is set to buy Dangote Flour Mill Plc for an enterprise value of N130 billion. According to the Managing Director...
The The Nigerian Communications Commission has declared that registration of 95.7 million invalid subscribers are fuelling crimes like kidnapping in the country. According to the Commission,...
The Minister of Finance, Mrs. Zainab Ahmed, has assured that Nigeria’s borrowing still remains healthy at 19 per cent to the Gross Domestic Product (GDP); which...
The Federal Airports Authority of Nigeria (FAAN) has threatened that it would shut down its services in nine airports where operators have not paid for services...
The international oil benchmark, Brent Crude, on Monday, increased by $2.28 to $74.25 per barrel to attain its highest level since late October 2018. This is...
The Nigerian Communications Commission (NCC), on Monday, said telecommunications operators carried out 14,639 Mobile Number Portability activities in February 2019. The NCC made this known in...
The Federation Account Allocation Committee (FAAC) has disbursed the sum of N619.86bn to the three tiers of government in March 2019, according to the National Bureau...
Worried that he may withhold assent again, the Lagos Chamber of Commerce and Industry, LCCI, has appealed to President Muhammadu Buhari to give assent to the...
A fire outbreak at Aiteos Eastern Exploration and Production Company Limited, has driven down the volume of crude oil export by Nigeria. The fire outbreak forced...
Federal Mortgage Bank of Nigeria (FMBN) has between April 2017 and March 2019, disbursed mortgage loans totaling N58 billion. This was revealed in a statement signed...
Nigeria Customs Service (NCS) has announced that it generated N311.2 billion revenue in the first quarter of 2019. This was contained in a document released in...
The Minister of Finance, Zainab Ahmed, has assured that although government borrows to deliver on its promises, it is also mindful of the rising debt burden...
A group of indigenes in the oil-rich Omadino land, Warri South Local Government Area in Delta State, have issued a 14-day quit notice to Chevron Nigeria...
The Nigeria Civil Service Union, NCSU, has said that it was disturbed over the delay by the Revenue Mobilisation, Allocation and Fiscal Commission, RMAFC, to beam...
The Minister of Communications, Adebayo Shittu, has called on Huawei Technologies to invest in the Nigerian Information and Communications Technology park. The minister also encouraged the...
The Federal Government on Thursday revealed plans to restructure the Bank of Agriculture (BoA) This was disclosed by the Director-General, Bureau of Public Enterprises (BPE), Mr....
The Department of Petroleum Resources (DPR) Field Office in Enugu says petroleum marketers who sell products above government approved prices risk having their stations sealed. Mr...
A suit filed by Spectrum Wireless Communications Limited (SWCL) challenging the sales of telecommunications firm, 9mobile has been dismissed by a Federal High Court in Lagos....
Days after the International Monetary Fund (IMF) expressed worries over Nigeria’s rising debt profile, the Federal Government has said it would take another fresh external loan...
Nigeria’s foreign reserves rose from $42.87bn by March 12 to $44.728bn as of April 12, according to latest statistics from the Central Bank of Nigeria (CBN)....
Again, the federal government has given reasons the advice of the International Monetary Fund (IMF) may not be operable in Nigeria, stating that it is yet...
The Accountant-General of the Federation (AGF), Mr Ahmed Idris on Tuesday said over N37 billion has been saved from misapplications, paddings, mistakes and non-compliance by MDAs...
The Minister of Agriculture, Chief Audu Ogbeh has revealed that the country saved a whooping $21 billion from the importation of food into the country in...
Nigeria’s inflation rate has dropped to 11.25 percent year on year for March 2019, the National Bureau of Statistics, NBS, said on Tuesday. According to the...
The Federal Government has disclosed that discussions were ongoing with the World Bank to secure a $1 billion loan for the development of the power sector....
The Minister of State for Petroleum Resources, Ibe Kachikwu on Monday described as logical, the call for the removal of subsidy by the International Monetary Fund...
The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Baru has said that Nigeria flared 783 million standard cubic feet of gas...
None of the International Oil Companies, IOCs, operating in Nigeria is exiting the country, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said....
Nigeria’s daily petrol consumption has jumped 56 million litres in 2019 from 54 million in 2018, the Petroleum Product Pricing Regulatory Agency, PPPRA, has said. The...
Human rights lawyer, Femi Falana, SAN, has threatened to sue the minister of state for petroleum resources, Ibe Kachikwu, if he fails to provide him with...
The federal government has said that contrary to speculations, there is no immediate plan to remove subsidy on premium motor spirit, otherwise known as petrol. This...
The Central Bank of Nigeria (CBN) has disclosed that the Nigerian economy recorded about $5 billion foreign investment inflows post-general elections in February/March 2019. The governor...