The Federal Inland Revenue Service, FIRS, made a whooping N300.4 billion in three years, between 2016 and 2018 as the cost of collecting taxes. According to...
The Indian High Commissioner to Nigeria, Abhay Thakur, has said that Nigeria can explore $5 billion line of credit with low interest rate from India. Thakur,...
The International Monetary Fund, IMF, has reduced the projection for Nigeria’s Gross Domestic Product, GDP, for 2019 to two per cent. The IMF had previously projected...
The Federal Government has approved a list of 108 companies for the provision of meters to electricity consumers in the country. The Minister of Power, Works...
The Central Bank of Nigeria has said it is planning to increase the number of items on its foreign exchange restricted items to 50 from 42....
The Nigerian Electricity Regulatory Commission (NERC) has said the low level metering in the power sector is responsible for low revenue collection by electricity distribution companies...
The Minister of Communications, Mr Adebayo Shittu has disclosed plans by the Federal government to acquire $100 million to develop rural broadband connectivity across the country....
The Nigerian government on Thursday disclosed that it would require a total sum of $1.1 billion loan to implement its Green imperative initiative. The Minister of...
The Economic and Financial Crimes Commission (EFCC) on Wednesday, said a staggering sum of $217.7 billion was illegally taken out of Nigeria between 1970 and 2008....
Nigeria has contributed 97 out of the 360 companies listed in the second edition of the London Stock Exchange Group’s Companies to Inspire Africa report. The...
Investors at the Nigerian Stock Exchange (NSE) on Wednesday gained N120.5 billion as the stick market continued its appreciation for the past five consecutive trading days....
The presidential candidate of the Peoples Democratic Party (PDP) Wednesday, expressed the seriousness he attaches to the privatisation of the Nigerian National Petroleum Corporation (NNPC) vowing...
The National Bureau of Statistics (NBS) has released its Consumer Price Index (CPI) report for December 2018, indicating that inflation rose from 11. 28 percent in...
The Federal Government has borrowed about N6.16 trillion out of the N8.49 trillion pension assets under the Contributory Pension Scheme. These figures were released by the...
The National Economic Council will on Thursday decide on the proposed N30,000 new minimum wage. This was part of the resolutions reached at the emergency meeting...
A four hour technical glitch at the Nigerian Stock Exchange (NSE) led to a four hour delay in trading on Tuesday. Bola Adeeko, Head of Shared...
The Central Bank of Nigeria (CBN) has directed that loans granted about 550,000 rice farmers in the country who were affected by the 2018 flooding be...
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) has granted approvals in principle for the merger of Access and Diamond banks....
A report from the National Bureau of Statistics (NBS) has shown that Nigeria recorded crude oil export worth N11.5 trillion in nine months, from January to...
Nigeria Employers’ Consultative Association, NECA, has raised the alarm over the rising debt profile of the country. The association, which described the debt burden of the...
The Naira made a modest gain of 50 kobo against the US dollar to close at N360 on Monday. The British Pound Sterling sold at N472...
The country may be thrown into total darkness if power generation companies in the country carry out their threat to shut down plants over challenges facing...
The Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola, has said there is no budgetary provision for the construction of the 3,050 megawatts Mambila...
The Central Bank of Nigeria (CBN) on Friday, intervened in the Retail Secondary Market Intervention Sales by injecting the sum of $263 million, the first in...
he Federal Government has revealed it invested about N2.7 trillion in the last three years on infrastructure in the country. This was disclosed by the Senor...
President Muhammadu Buhari has vowed to end the collection of illegal taxes in the country. The President made the vow on Friday in Abuja, pledging that...
The nation’s stock market, for the first time in 2019, posted slight gain after the close of trading on the floor of the Nigerian Stock Exchange...
The Central Bank of Nigeria (CBN) has plans to raise a total of N1.809 trillion from the debt market, in the first quarter of 2019. The...
Data from the Central Bank of Nigeria (CBN) has revealed the nation’s foreign reserves rose by $6.418m from $$43.041bn on December 17, 2018 to $43.047bn as...
The Minister of Power, Works and Housing, Mr. Babatunde Raji Fashola, has defended Federal Government’s heavy borrowing, saying it has become necessary in order to invest...
MTN Nigeria Communications Limited, and the Central Bank of Nigeria (CBN) have settled their differences over the $8.1 billion demanded by the apex bank, out of...
The Power generation companies (Gencos) have blamed electricity distribution companies (DISCOs) and the Nigerian Electricity Regulatory Commission (NERC) for the current low power supply to Nigerians....
THE Manufacturers Association of Nigeria (MAN) has said that the inventory of unsold manufactured goods stood at N149.23 billion at the end of 2018. According to...
Fears that Nigeria’s 2019 budget may suffer huge revenue short fall may be abetted as the prices of crude oil in the international market rebounded on...
The Nigerian National Resources Charter (NNRC) has revealed that the oil and gas sector in the country surffered huge setback in its bid to attract Foreign...
The Debt Management Office (DMO) has revealed that Nigeria’s total debt portfolio leaped from N12.12 trillion as of June 30, 2015 to N22.43 trillion as of...
The World Bank has predicted that Nigeria’s Gross Domestic Growth, GDP, will expand by 2.2 percent in 2019. The World Bank made the prediction in its...
Keystone Bank Limited has denied allegations that President Muhammadu Buhari has a stake in the bank. The bank, on Tuesday, stated, “The fact of the ownership...
The African Development Bank (AfDB), has approved $14.12million facility to support Nigeria’s membership in the African Trade Insurance agency. The bank disclosed this in a statement...
The Nigerian stock market on Tuesday continued its negative trend as investors lost N135.8 billion at the end of trading on the floor of the Nigerian...
A report by the Secretary General of the United Nations on the activities of the United Nations Office for West Africa and the Sahel, UNIWAS, has...
The Petroleum Products Pricing Regulatory Agency (PPPRA) Monday, said it expected the Nigerian National Petroleum Corporation (NNPC) to declare over recovery from the importation of petrol...
The Federal Government has commenced the sale of the 2019 savings bonds by offering for subscription two-year savings bond at 12.12 per cent and three-year savings...
Market capitalization on the Nigerian Stock Exchange took a dip on Monday by N89 billion, continuing the downward trend the stock market has witnessed in the...
Federal Inland Revenue Service (FIRS) has generated its highest annual revenue revenue in history, after generating N5.3 trillion in 2018. Its highest revenue generation was previously...
Crude oil prices got more than 1.5 percent boost on Monday on hopes that talks in Beijing can resolve a trade war between the United States...
The Nigerian Interbank Settlement System (NIBSS) has said that Nigeria’s electronic payment (e-payment) services recorded transactions worth N56.85 trillion from January to September 2018. This is...
The annual report of Moody’s Investors Service has predicted that prices of Oil and natural gas will be volatile in 2019. The report, which outlined key...
Nigeria literally threw N197 billion into the flames in the first nine months of 2018, representing the value of gas flared during the period. According to...
In order to encourage investment in modular refinery in the country, the Federal Government has given approval for the reduction of import duty rates on modular...