The federal government has formally launched the Micro Pension Plan (MPP) which is expected to significantly expand pension coverage to informal sector players including self-employed persons...
The National Leader of the All Progressives Congress (APC) Bola Tinubu has advised the Federal government to hold on with its plans to increase the Value...
Stakeholders in the country’s electricity market on Wednesday bickered at a public hearing as the Transmission Company of Nigeria (TCN) asked the Nigerian Electricity Regulatory Commission...
The Infrastructure Concession Regulatory Commission (ICRC) has disclosed plans to concession the Independence Building in Lagos. The Director-General of the Commission, Mr Chidi Izuwah who made...
Investors in the banking stocks on Wednesday lost a total of N78.7 billion to sell pressure in value. Market capitalisation also fell to N11.6 trillion in...
The Federal Executive Council, has approved the sum of N1.4 billion for the design of the Abuja headquarters of the Department for Petroleum Resources, DPR. The...
The Federal, states and local governments in the country shared N619.85 billion for the month of February from the Federation Account. The amount represents revenue generated in...
The daily energy report of the Electricity Generation Companies (GenCos) comprising gas-fired and hydro stations in Nigeria, reveals that an average of 4,313 megawatts of electricity...
The Central Bank of Nigeria (CBN) has said that technological developments in the banking sector has led to the increase of electronic system of payment between...
The Nigerian Civil Aviation Authority has expressed worries over the new Federal Competition and Consumer Protection Act 2019 recently accented to by President Muhammadu Buhari. The...
Any increase in the percentage payable as Value Added Tax, VAT, in the country will adversely affect the Nigerian economy and slow it down, Actionaid Nigeria...
The Central Bank of Nigeria (CBN) on Tuesday announced that it has reduced the Monetary Policy Rate (MPR) from 14% to 13.50%. This was disclosed by...
The Nigerian Electricity Regulatory Commission (NERC) has said the obligation to ensure electricity consumers have meters rests on the shoulders of the Distribution Companies (Discos). This...
The Minister of State for Aviation, Hadi Sirika, on Monday, appealed to the Senate for the approval of an additional $461.8 million loan for the completion...
The Minister of Power, Works and Housing, Babatunde Fashola, has appeared before the House of Representatives Committee on Works for the 2019 Budget Defence in Abuja....
The Nigerian Stock Exchange has revealed that a total of N5.5 billion was recorded as foreign outflows from the stock market for the month of February....
Shell Petroleum Development Company of Nigeria Limited (SPDC) has entered an agreement with the United Bank for Africa (UBA) to increase the size of the oil...
Electricity distribution companies in Nigeria’s power sector Sunday announced that they are no longer tasked with the responsibility of providing meters to power consumers under their...
The Central Bank of Nigeria, CBN, has estimated that the country’s inflationary rate will rise to 12 percent and thereafter moderate. The Governor of the CBN,...
The Federal Government is considering diversifying instruments of of the nation’s stock market through the Economic Recovery and Growth Plan. This was disclosed by the Minister...
A new report by the FSDH Merchant Bank has revealed that Nigeria’s balance of payment is still fragile and that it was dominated by transactions in...
The Executive Secretary of the Economic Commission for Africa, Vera Songwe, has issued a wakeup call to Nigeria and other African countries to improve their fiscal...
The management of Air Peace on Wednesday said it was awaiting the outcome of the investigation of Boeing before making a decision on its planned acquisition...
The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr Ahmed Kuru, on Wednesday, called on the Federal Government to revisit the Failed Bank...
The Nigerian Communications Commission, NCC, Wednesday, said the country has achieved 33 percent broadband penetration in the telecommunications industry as at February, 2019. This was announced...
The Federal Inland Revenue Service (FIRS) on Wednesday dispelled reports of planned increment of Value Added Tax (VAT) by 50 per cent to meet up payment...
The Nigerian Stock Exchange has ordered the full suspension of trading in Diamond Bank Plc shares. This follows a receipt of final approval of the Central...
It’s clear the House of Representatives may continue work on the 2019 Appropriation Bill without the approval of the passage of the 2019-2021 Medium-Term Expenditure Framework...
Amidst fears that the Lagos International Trade Fair Complex might be up for sale, the Federal Government has denied such plans. The government through its privatisation...
The Nigerian National Petroleum Corporation (NNPC) has disclosed plans to extend the ongoing Ajaokuta – Kaduna – Kano (AKK) gas pipeline system through the Sahara to...
Nigerian refineries made a total loss of N132.5 billion in 2018, a 39 percent increase from the N95.09 billion loss it incurred in 2017. According to...
A report by the Fiscal Responsibility Commission (FRC) on the key components of the 2017 federal budget has revealed that the Federal Government had an expenditure...
The Governor of the Central Bank of Nigeria (CBN) Mr Godwin Emefiele has faulted the position of the Lagos Chamber of Commerce and Industry, LCCI, that...
At the expiration of the deadline set by the Bureau of Public Enterprises, BPE, Five firms successfully submitted financial and technical bids to purchase 51 per...
Figures from the Nigerian Insurers Association, NIA, has revealed that insurance companies in the country paid a total of N217.8 million as terrorism claims in 2018...
It has been revealed that the Central Bank of Nigeria (CBN) has disclosed an agreement with all states in the South-South and South-East regions of the...
Months after successfully implementing GIG Mobility, a platform that seamlessly drives the entire gamut of its operations, Nigeria’s foremost tech-driven transport company, GIGM, is cooking up...
The Nigerian National Petroleum Corporation has revealed that its trading surplus hit N12.13 billion for the month of December 2018. This was contained in the monthly...
There are indications that crude oil imports from Nigeria could be further threatened with the country’s highest oil buyer, India, signing an agreement to import 0.6...
Following their leave during the general elections, a Chinese firm handling the construction of Lagos-Ibadan rail project has retuned on site to continue construction. The company,...
The Nigerian Civil Aviation Authority (NCAA) has raised concerns over more than 400 travel agencies operating in the country without the requisite local licences to operate....
The National Bureau of Statistics (NBS) on Thursday said the Consumer Price Index (CPI), which measures inflation, increased by 11.31 percent (year-on-year) in February 2019. This...
The Federal Government has disclosed its readiness to revisit the creation of grazing reserves across the country. The Minister of Agriculture and Rural Development, Chief Audu...
The Nigerian stock market has reverted to its losing trend, after the momentary gains recorded on Wednesday, as investors lost N56 billion at the closed of...
President Muhammadu Buhari has given the Nigerian National Petroleum Corporation (NNPC) up till April 30, 2019 to take over the operatorship of the entire Oil Mining...
The Economic and Financial Crimes Commission (EFCC) on Tuesday, arraigned Ecobank Plc before Justice Saliu Seidu of the Federal High Court sitting in Ikoyi, Lagos on...
Non oil export earnings received through the banks amounted to $1.16 billion for the last quarter of 2018. It also represents a 1.5 per cent and...
Some members of the upper chamber of the National Assembly, on Wednesday, described the debt profile of the country as alarming. The senators, Ike Ekweremadu, Dino...
The Delta business community, and Nigeria’s transport sector, at the weekend erupted with excitement at the commissioning of the newly acquired fleet by Delta Line, a...
The crash of Ethiopian Airlines Boeing 737 MAX 8 aircraft which killed all passengers on board, has sparked a lot of controversy and concern worldwide. The...