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...
Again, Nigerians have been assured that there is no impending fuel scarcity. This is as the Independent Petroleum Marketers Association of Nigeria (IPMAN) and National Union...
Farmers in the country have received credit worth N174.48 billion from the Central Bank of Nigeria through 19 commercial banks in a bid to diversify the...
After declaring that the debt to GDP ratio of the country was becoming too risky, the International Monetary Fund, IMF, on Friday said it was concerned...
As many consumers in the country engage in panic buying of Premium Motor Spirit (PMS), widely known as petrol, out of fear of an impending scarcity,...
The Buhari Media Organisation (BMO) has considered as shallow and lacking credibility the stance of the International Monetary Fund (IMF) on how Nigeria manages her Sovereign...
The federal government has described as laudable the call for subsidy removal by the International Monetary Fund (IMF). The Minister of Finance, Mrs Zainab Ahmed gave...
Three chief executives of National Insurance Commission (NAICOM) who were summoned by the Code of Conduct Bureau (CCB) on Thursday failed to appear before the bureau....
Christine Lagarde, the Managing Director, International Monetary Fund, IMF, has called on the Federal Government of Nigeria to stop paying subsidy on petrol. Lagarde, who said...
Eligible banks in the country will have access to about N440 billion set aside by the Nigeria Deposit Insurance Corporation, NDIC for the 2019 fiscal year....
Executive Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, has said that the service is determined to recover all revenue accruable to the Federal...
Newly elected World Bank president, David Malpass, warns that nine in every ten extremely poor people across the world will be Africans come 2030. This was...
The Nigerian stock market on Wednesday recovered from its loss to record a total of N16.5 billion gain. Livestock Feeds Plc led 24 stocks in the...
The Central Bank of Nigeria (CBN) on Wednesday said it would tighten lending conditions for granting corporate loans in the second quarter of 2019. In its...
The International Monetary Fund, IMF, has raised the alarm that ratio of Nigeria’s debt profile to GDP is already risky. The IMF stated this on Wednesday...
In an effort to boost the country’s manufacturing output to 20 percent of the Gross Domestic Product, GDP, the Federal Government said it would be setting...
The minister of budget and national planning, Udoma Udoma, has assured that despite the challenges to revenue generation, Nigeria’s rising debt stock is sustainable. The Debt...
The Nigerian Senate has approved the 2019-2021 Medium Term Expenditure Framework and Fiscal Strategy (MTEF/FSP) Paper after considering the document for five months. The approval was...
The International Monetary (IMF) on Tuesday reviewed Nigeria’s Gross Domestic Product (GDP) projections for the second time in 2019 to 2.1 per cent. The prediction is...
The internet-bank Foreign Exchange was on Tuesday boosted by the Central Bank of Nigeria, CBN, with the injection of another $210 million. This was disclosed by...
In agreement with recommendations made in a report on the 2019 medium term expenditure framework (MTEF) and fiscal strategy paper (FSP), the senate has slashed the...
The Federal Government says it has signed an agreement with the Islamic Development Bank (ISDB) for the funding of the National Hajj Commission and the nation’s...
The Federal Government on Monday announced the introduction of Value Added Tax (VAT) on lottery and gaming activities and automate collection from operators in the Lottery...
Nigeria’s inflationary rate for March, 2019 has been projected to stand at 11.2 percent by the Lagos based Financial Derivatives Company, FDC. According to the National...
President Muhammadu Buhari, who is currently in Dubai, United Arab Emirates (UAE), for the Annual Investment Meeting, has urged investors in the UAE to invest in...
Price of crude oil on Monday hit the highest since November 2018 to sell at $70.76 per barrel. This follows the ongoing oil supply cut by...
Investors in the Nigeria stock market lost N548 billion on Friday to record the biggest loss in 2019. The market opened for the week at 31,041.42...
Rice dealers under the aegis of the Rice Processors Association of Nigeria (RIPAN) have said that between January and March this year, over 20 million bags...
The Federal High Court, Abuja, has ordered for sale two landed properties belonging to two tax evaders namely Zaibadari Company Limited and Tradecraft Nigeria Limited, to...
The Debt Management Office (DMO) has revealed that Lagos, Edo, Kaduna and Cross River states owe more than half the debts owed by the 36 states...
Disappointed by the meagre N33 billion so far declared as stamp duty collection in the country, the Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, has announced...
One of the licensed Meter Asset Providers (MAP) has described as unrealistic, the directive by the Nigerian Electricity Regulatory Commission (NERC) to begin roll-out of new...
The Federal Government on Sunday ordered foreign miners to quit mining sites in Zamfara State and its environs with immediate effect. It also said that mining...