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...
The Joint Tax Board (JTB) has said that the country’s first ever data base of taxpayers in the country is ready. Chairman of JTB, Babatunde Fowler,...
Delta State governor, Ifeanyi Okowa has said that oil companies appear more comfortable paying fines for gas flaring than taking steps to end it. The governor,...
The National Insurance Commission (NAICOM) has been given approval by its board for its restructuring to accommodate new directorates and state branch offices across the country....
Prices of crude oil made marginal gains on Monday after losing nearly 8 percent on Friday, with Brent going back to over $60 per barrel. Front-month...
The international oil benchmark for Brent crude, on Sunday did not only fall to its lowest this year but also lower than the proposed 2019 budget...
The Managing Director of the Transmission Company of Nigeria (TCN) Usman Gur Mohammed, has said that the failure of Distribution Companies (DISCOs) to invest in the...
The Nigerian Communications Commission (NCC) at the weekend received the report of a panel of seven experts on research blueprint set up in order to enhance...
The World Bank, in its latest report on Nigeria’s economy, has said that fiscal deficits in the country will likely widen further in 2018. According to...
The Lagos Chamber of Commerce and Industry (LCCI) has raised the alarm that the proposed postal commission bill currently before the National Assembly will lead to...
In a bid to recover N43 billions owed it, the Federal Mortgage Bank of Nigeria has entered into partnership with the Special Presidential Investigation Panel for...
A report by the Nigerian Electricity Regulatory Commission (NERC) has said the over N60 billion revenue shortfall in the books of power distributors is slowing down...
The Federal Government has signed an agreement with the Japanese government for the rehabilitation of the Lagos Transmission Substation. The agreement was signed by the Minister...
The prices of oil prices slumped on Friday to the lowest levels since last year over concern of surplus crude supplies to the market. The WTI...
The much disputed Tier Based Solvency Capital Recapitalisation of the insurance Industry has been cancelled by the National Insurance Commission, NAICOM, with immediate effect. NAICOM announced...
The bulk of non-performing loans from commercial banks in the country have been traced to oil and gas companies. These companies include upstream, midstream, downstream and...