The Nigerian National Petroleum Corporation (NNPC) has said that over $800 million (N244.8 billion) had been lost to breaches in the Trans Forcados Pipeline this year....
The Central Bank of Nigeria (CBN) has said it was ready to partner with the Economic and Financial Crimes Commission (EFCC) in order to expose and...
The Federal Government has taken the drive for investors into the country’s mining sector to the London Stock Exchange (LSE) saying the sector is full of...
Telecommunication firm, MTN Nigeria Communications Limited, on Tuesday, asked the Federal High Court in Lagos for a further adjournment in the suit it filed to challenge...
The Securities and Exchange Commission (SEC) has emphasized on the need to utilise Green Bonds in the nation’s bid to finance closing up Nigeria’s huge infrastructure...
Revenue acruable to government from non-oil exports dropped to N258.93 billion in October from N354.38 in September. The figure is also far below Nigeria’s monthly budget...
The suit brought by MTN Nigeria Limited challenging the legality of the assessment of N242 billion and $1.3 billion by the Attorney General of the Federation,...
The Shell Petroleum Development Company of Nigeria Limited at the weekend in Abuja signed an agreement with Geometric Power Aba Limited to support the 140-megawatts Aba...
The stock market in the country made a loss of N581 billion in the month of November, substantially on the heels of sell offs. Market capitalisation...
The rising debt profile of the Nigerian government cost it extra N247.46 billion in domestic debt servicing in 2017, statistics from the Debt Management Office (DMO)...
The Central Bank of Nigeria (CBN) has revealed that the country recorded a decline in its monthly food import bill from $665.4 in January 2015 to...
The Nigerian Government has said distribution companies in the country have failed to meet the performance agreements signed by them during the privatisation of the power...
The Central Bank of Nigeria (CBN) has said that it expects inflation rate in the country to increase to 11.4 percent for the remaining part of...
There are growing fears over possible fuel scarcity as oil marketers have given the federal government a seven-day ultimatum to settle outstanding debts totalling N800 billion,...
A report by the Global System for Mobile Association (GSMA) has said that the mobile technology ecosystem generated $1.8bn revenue in form of taxes to the...
Data from the US Energy Information Administration has shown that imports of crude oil by the United States from Nigeria has reached an all time low....
The banking sector report of the National Bureau of Statistics, NBS, has revealed that the private sector in the country received a total of N46.53 trillion...
The Rivers State Government has said tax evaders in the state stand the risk of being sent to jail from January, 2019. This was disclosed by...
The resolve of the Federal Government to develop the solid minerals sector may soon yield fruits, as there are indications the latest efforts will attract investors...
The House of Representatives’ Committee on Telecommunications has kicked against the takeover of 9Mobile, formerly known as Etisalat by purported new owners, Teleology. The House, through...
Amidst epileptic supply of power to homes and businesses in Nigeria, the concessionaire of Kainji and Jebba hydro power stations, Mainstream Energy Solutions Limited, is making...
The Federal Government said it has started work on regulatory and policy framework that will enable the deployment of 5G network by 2020. This was disclosed...
The Consumer Protection Council (CPC) has said it has closed investigation into the recall of certain brands of Ford vehicles. It would be recalled that CPC...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Maikanti Baru, has accused the National Assembly of being unfair to the corporation for allegeing...
The Nigerian Communications Commission (NCC) has said that the number of active telephone lines in the country increased from 162,058,918 in September to 165,239,443 in October....
Contrary to reports that it withheld about N177 billion from the Condolidated Revenue Account, the management of the Nigerian Ports Authority (NPA) said that it has...
The CDC Group, United Kingdom’s development finance arm, is planning to invest more than $1 billion in Nigeria after leaving the European Union in March, 2019....
The Federal Government recorded a fiscal deficit of N1.1 trillion between January and August this year, the Budget Office of the Federation has revealed. It would...
The naira, on Thursday fell by one percent to N370 per US dollar at the black market. The one percent slump is the weakest performance of...
The Consumer Protection Council (CPC) says Nigerians complained more on the issue of power supply above other daily challenges they encounter than telecoms or banking. Speaking...
To ensure autonomous and strategic business units of the Nigerian National Petroleum Corporation (NNPC) deliver on their mandates, the Group Managing Director of the corporation, Maikanti...
The House of Representatives has joined the out cries over loses incurred by the country in the controversial Malabu oil deal with respect to OPL 245,...
In its determination to ensure all the refineries belonging to the Nigeria National Petroleum Corporation (NNPC) begin to perform at full capacity, the Federal Government, Wednesday,...
The importation of petroleum products into the country increased by five percent in the third quarter of 2018 from 5.3 billion litres in the second quarter...
Global rating agency, Fitch Ratings, has said the operations of banks in Nigeria are being constrained by the operating environment in the country. Fitch, which stated...
The Federation Account Allocation Committee (FAAC) Wednesday shared N788.13 billion between the Federal Government, states and local governments areas in the country for the month of...
As a way of proffering solution to the daily and persistent gridlock within Lagos metropolis, especially roads leading to the Apapa Port, the Ijaw Youth Council...
The Central Bank of Nigeria, CBN, on Tuesday, injected another $210 million into the foreclosure market in a bid to keep the current stability of the...
The Presidency has vowed to recover the $7 billion cash bailout given to commercial banks in the country in 2006 by the Central Bank of Nigeria,...
The Ministry of Petroleum Resources has said that domestic gas consumption in Nigeria has witnessed a recent increase from 390,000 to 490,000 metric tons with a...
Apparently worried by out cries over its growing debt profile, the Federal Government has scaled down on the total Nigerian Treasury bills issued and allotted by...
Investors, Tuesday, shunned stocks of oil, banks and consumer goods while concentrating on the insurance sector at the Nigerian Stock Exchange (NSE). At the end of...
Governor Godwin Obaseki on Tuesday instructed the Managing Director of the Benin Electricity Distribution Company (BEDC) Mrs Funke Osibodu to leave his office for putting the...
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said it was no longer possible for the four ailing refineries belonging to the Nigeria...
The National Bureau of Statistics (NBS) has said the 36 states of the federation received a total sum of N1.23 trillion as net allocation from the...
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has through various probes it instituted into tax remittances by banks, stamp duty collections, withholding taxes and Value...
The Department of Petroleum Resources (DPR) on Monday revealed that Nigeria has lost its most valued crude oil buyers. According to the Director, DPR, Mordecai Ladan,...
Worried by the increasing debt stock of the country, the Nigerian Employers Consultative Association (NECA) has cautioned the federal government against what it called the rising...
The Federal Government has said it is committed to the passage of the Petroleum Industry Governance Bill (PIGB) to enable the country reap full benefits from...
The Federal Government has said it is partnering with the African Development Bank, AfDB, to establish a $500 million fund with the purpose of financing technological...