The Federal Government has announced its readiness to inaugurate cargo train service to the Kaduna Inland Dry Port (KIDP). The service which is expected to reduce...
The National Association of Yam Farmers, Processors and Marketers has urged the Nigerian Government to help facilitate a trade treaty with a duty-free yam export to...
The National Pension Commission, PenCom, has revealed that about 16,536 private organisations were issued the commission’s certificate of compliance for the 2018 financial year. PenCom revealed...
The Nigerian Electronic Fraud Forum, NeFF, has disclosed that that a total of 63,895 bank customers in Nigeria between 2017 and 2018, lost N3.6bn to cyberfraud....
Nigerian National Petroleum Corporation (NNPC) on Sunday announced a trade surplus of N15.04 billion for January 2019. In a statement by its Group General Manager, Group...
The contractor for Oil Mining Lease 147 in production sharing contract with the Nigerian National Petroleum Corporation (NNPC) Pan Ocean Oil Corporation (Nigeria) Limited, says it...
The Federal Executive Council, FEC, has approved the construction and rehabilitation of 10 roads across the country at the sum of N169.74 billion. This was disclosed...
Nigerian Communications Commission (NCC) has tagged as untrue claims that 95.7 million subscriber identification module (SIM) data have been rendered invalid as a result of poor...
The Federal Government on Friday concessioned the 750 kilowatts (KW) solar power system to Proserve Energy Services Limited. The facility is designed to energise the Federal...
The acting Chairman of the Economic and Financial Crimes Commission, Mr Ibrahim Magu, has accused some bank staff of sabotaging the efforts of the commission to...
A former governor of Central Bank of Nigeria (CBN) and current Emir of Kano, Sanusi Lamido, has been appointed to the global board of MTN group....
Nigeria’s estimated annual palm oil consumption is 2.4 million tons. Yet, the country has a deficit of 0.9 million tons of palm oil. The major drawbacks...
The Department of Petroleum Resources (DPR) on Thursday said the unresolved boundary issue between Anambra, Enugu and Kogi states was among the reason the states have...
Contrary to claims by the Minister for Works, Power, and Housing, Babatunde Fashola, Shell Nigeria Exploration and Production Company (SNEPCo) has said Nigerians including small businesses...
The Nigerian National Petroleum Corporation (NNPC) has revealed that the introduction of Direct Sales Direct Purchase scheme has helped it to save the sum of $2.2...
The Securities and Exchange Commission (SEC) on Thursday said the capital market would resist being used as a tool for money laundering and terrorism financing. The...
Department of Petroleum Resources (DPR) has told Akwa Ibom residents to hold Petroleum Tanker Drivers responsible for the artificial scarcity being experienced in the state. The...
The Management of Eko Electricity Distribution Company (EKEDC) has said it is ready to comply with directives from the Nigerian Electricity Regulation Commission (NERC) to commence...
The Federal Government has decried the performance of Electricity Distribution Companies (DisCos) since the privatization of the power sector in 2013. The government also said plans...
Reluctance by European buyers over high prices has left about 20 cargoes of Nigerian crude oil from April loading unsold, Reuters has reported. The reluctance of...
With effect from May 1, 2019, the Federal Airports Authority of Nigeria (FAAN) has closed down the Gombe and Kebbi airports as a result of over...
Nigeria’s Vice President, Yemi Osinbajo, on Tuesday said the government of Muhammadu Buhari has spent over N3.5 trillion on infrastructure. He made the claims when he...
The Central Bank of Nigeria (CBN) has brushed off an alarm raised by governors that the economy would plung into recession anytime mid 2020. The Chairman...
The office of Budget and National Planning has said only 79 per cent of the total N9.12 trillion 2018 budget was implemented by the Federal Government...
The Nigerian National Petroleum Corporation (NNPC) has said 2 billion barrels of Premium Motor Spirit (PMS), otherwise known as petrol, will be added to its stock...
The manufacturing sector may begin to enjoy lower prices for gas as the Federal Government is set to release a new gas pricing template before May...
The Transcorp Power Consortium has been announced as the winner of the bid for the purchase of the Adam Power Plc. Transcorp got the winning bid...
The Senate on Tuesday approved a sum of N8.916 trillion as the budget for the 2019 fiscal year as against the N8.83 trillion proposed by President...
The Nigerian Ports Authority (NPA) has said seven ships containing various products are expected in the country. The ships which would berth at Apapa and Tin-Can...
The British Airways on Tuesday joined 11 other international airlines operating in Abuja to begin operations at the Nnamdi Azikiwe International Airport, Abuja. The relocation came...
To cover for the loses they incurred, the Federal Government is making plans to compensate manufacturers of codeine-based cough syrup in the country over the complete...
The Transmission Company of Nigeria (TCN) on Sunday said normal power transmission has been restored through its Apo Transmission substation after a fire outbreak. A fire...
Access Bank Plc has declared the sum of N14.463 billion as dividend payable to its shareholders for the year ended December 31, 2018. This was disclosed...
The Securities and Exchange Commission, SEC, has said it plans to realign the 10-year Capital Market Master Plan with current economic realities. The commission also revealed...
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,...