The World Bank, in a report, has listed Nigeria as the highest destination of remittances from the United Kingdom. According to the bank, Nigerians in the...
The Transmission Company of Nigeria, TCN, has said that Nigeria will exporting excess quantum of electricity that is unutilised in the country to other other West...
Market capitalization took a dip on Monday at the Nigerian Stock Exchange shedding N26.5 billion to close at N11.18 trillion. The negative result was as a...
Italian oil giants and Royal Dutch Shell may have been tacitly indicted of complicity in the controversial sale of OPL 245, as an Italian judge, Giusy...
The Central Bank of Nigeria (CBN) has approved the merger of Diamond Bank with Access, returning a no Objection verdict. The CBN gave the approval in...
The board of Diamond Bank Plc, has announced that it had chosen Access Bank as the preferred bidder for its merger plans. The bank made the...
The Central Bank of Nigeria (CBN) has warned banks in the country to enhance their reporting on fraud related cases in accordance to its directives, adding...
The federal government and the National Assembly are making efforts to avert fuel scarcity during the yelutide season over threats by oil marketers to shut down...
There are conflicting reports trailing the move by Access Bank Plc to acquire Diamond Bank Plc, after denials by both banks that they are in merger...
Nigeria’s Transmission Expansion Programme has attracted $410 million funding from the African Development Bank (AfDB) the Transmission Company of Nigerian, TCN, has said. The funding are...
The already bad state of the Nigerian economy may be in for another major shock, as the National Association of Enterprise Employers (NAEE) organizers of the...
A report by the Central Bank of Nigeria (CBN) has shown that Nigeria recorded $4.54 billion in deficit in the provisional Balance of Payments estimates for...
The Consumer Price Index, measuring inflation rate, increased from 11.26 percent in October to 11.28 percent year-on-year in November, according to the latest inflation report by...
According to a report by the Central Bank of Nigeria (CBN), value of transactions to the Treasury Single Account (TSA) for 2017 moved to N13.53 trillion....
The Federal Government on Thursday said it had filed a $1.1bn lawsuit against the Royal Dutch Shell and Eni in a commercial court in London over...
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has explained that the decision of the administration of President Muhammadu Buhari not to fix Nigeria’s...
Nigeria is owing international oil companies to the tune of $5.1 billion for joint venture cash calls business arrangements, the Nigerian National Petroleum Corporation, NNPC, said...
The Central Bank of Nigeria (CBN) from 2019, will prevent bank bad debtors from assessing further credit from Nigerian banks with the deployment of the Global...
The National Bureau of Statistics (NBS) has said that non-performing loans of Nigerian banks stood at N2.245tn as of the end of September 2018. Accordingto the...
The federal government has filed a $1.1 billion suit against Royal Dutch Shell Plc, Eni and other companies over the much-publicised 2011 Malabu oil deal,arguing that...
President Muhammadu Buhari has written to the National Assembly indicating his intentions to lay the 2019 Appropriation Bill before lawmakers on Wednesday next week. The President...
The Minister of Power, Works and Housing, Babatunde Fashola has declared that the current power challenges faced by Nigerians was none of the business of the...
Except it attains a 100 per cent compliance with its new crude oil supply cut and count on continued production declines in Iran and Venezuela, the...
The Minister of Budget and National Planning, Senator Udo Udoma has predicted that Nigeria’s economy will grow by three percent in 2019. The minister also said...
The Nigerian Electricity Regulatory Commission (NERC) has lamented poor remittances by electricity distribution companies to the Nigerian Bulk Electricity Trading Plc (NBET) for the energy sold...
The Federal Inland Revenue Service, FIRS, said it has so far generated N5 trillion by the second week of December, 2018. According a statement by the...
Prices of crude oil in the international market have rebounded after the most recent production cut deal reached by the Organization of Petroleum Exporting Countries (OPEC)...
International rating agency, Moody’s has said Nigeria’s credit rating is being constrained by the sovereign balance sheet’s continued exposure to shocks because the government has not...
Digital payment in the country has witnessed a significant increase, jumping to 16 percent in 2018 from 12 percent achieved in 2016, a newly unveiled 2018...
The inflow of investment into Nigeria declined by $2.66 billion between the second and third quarter of this year, figures released by the National Bureau of...
The First Deputy Managing Director of the International Monetary Fund, IMF, David Lipton, Tuesday, warned that `storm clouds’ were gathering over the global economy. According to...
The Council of the Islamic Financial Services Board (IFSB) headquartered in Kuala Lumpur, Malaysia, has approved the full membership of the Nigeria Deposit Insurance Corporation (NDIC)...
The Transmission Company of Nigeria, TCN, has declared that Nigerians will never have stable electricity except the distribution companies in the country recapitalize. According to the...
The Central Bank of Nigeria, CBN, Monday, removed fertilizer from products for which foreign exchange can be accessed for importation. The CBN, by the action, has...
The second Federal Government N100 billion Ijarah Sukuk has been listed on the Nigerian Stock Exchange (NSE) by the Debt Management Office (DMO). The Director-General, DMO,...
The National Bureau of Statistics, NBS, has said that the nation’s Gross Domestic Product, GDP, grew to 1.81 percent (year-on-year) in real terms in the third...
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said the Organisation of Petroleum Exporting Countries (OPEC) did not grant Nigeria further exemption in...
The National Information Technology Development Agency (NITDA) has said that startups in the information technology sector contributed $101 million to the Nigerian economy in the first...
The Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, have suspended its shutdown directives to its members. The association also directed its members to recall...
The Central Bank of Nigeria (CBN) has concluded plans to setup a National Micro Finance Bank to enhance financial inclusion, and credit to the agricultural sector...
The Federal Government has concluded plans to pay oil marketers under the aegis of Major Oil Marketers Association of Nigeria, (MOMAN) and the Depot and Petroleum...
The Nigerian National Petroleum Corporation, (NNPC) on Saturday justified its withdrawal of $2.201 billion from the Nigerian Liquefied Natural Gas (NLNG) fund, insisting that the corporation...
Independent Petroleum Marketers Association of Nigeria (IPMAN) has cried out over inadequate availability of petroleum products at their stations, saying their members are being sent out...
The Transmission Company of Nigeria (TCN) has said the transmission capacity of the country has increased to 8100 megawatts from 5000 megawatts three years ago. This,...
Nigeria has agreed to cut 40,000 out of her 1.7 million barrels per day crude oil production after two days of touchy negotiations in Vienna capital...
Oil marketers on Saturday, denied signing any agreement with the Federal Government over the lingering N800 billion subsidy arrears. The oil marketers also insisted that their...
The Federal Executive Council (FEC) at a special meeting on Friday, has approved the proposals for the 2019 budget. The special meeting, which was called and...
The Federal Government, Thursday, issued another N100bn seven-year Sukuk. The new Sukkuk bond will be due in 2025, according to a statement published on the website...
The Nigerian Communications Commission (NCC) has said Ministries, Departments and Agencies (MDAs) of state governments are hampering access to telecommunications in the country. Executive Commissioner, Stakeholder...
The Federal Government and petroleum marketers have finally reached an agreement on how outstanding subsidy claims would be settled by government. The oil marketers and representatives...