The reality of the harsh economic climate in the country has forced the Federal Government to down on its projected independent revenue from N847.95bn in 2018...
The National Lottery Regulatory Commission, NLRC, has said it sealed the premises of Nigeria Breweries Plc because of its refusal to pay the Federal Government revenue...
The Eid-El-Maulud holiday declared by the Federal Government for Tuesday 20th of November has forced the Central Bank of Nigeria (CBN) to postpone the November two-day...
The Federal Government has approved the sum of N60 billion as subsidy to drive down the price of rice in the country. This was disclosed by...
The Nigerian National Petroleum Corporation (NNPC) has said the Kaduna Refinery and Petrochemical Company accrued loss totalling N18.67 billion in seven months this year as it...
Licensed clearing agents have decried the proliferation of Customs units at Lagos ports, alleging that they are being used for extortion and encumber clearance of goods....
The process for the partial commercialisation of River Basins Development Authorities in the country by the Bureau of Public Enterprises, BPE, has commenced. The partial commercialisation...
The Minister of Transportation, Mr. Rotimi Amaechi, has made some clarifications on the withdrawal of General Electric from railway concession in the country, insisting that the...
President Muhammadu Buhari has given approval for the renewal of three Oil Mining Licences (OMLs) held by Seplat Petroleum Development Company Plc. The firm stated this...
The Minister of Transportation, Rotimi Amaechi, Thursday, downplayed the effect of the withdrawal of General Electric (GE) from the consortium that won the country’s railway concession,...
A report by the Nigeria Deposit Insurance Corporation, NDIC has indicated that 10 Deposit Money Banks in the country accounted for about 87.63 per cent of...
The Nigerian Postal Service, NIPOST, through its Courier Regulatory Department, CRD, has revoked the licences of 30 courier companies in the country for flouting industry regulations....
The Nigerian Stock Exchange market indices further dropped on Thursday to 31,864 points over renewed pressure to sell by investors. The All-Share Index on dipped by...
GE has handed the rail concession arrangement it has with Nigeria to its parners, Transnet SOC Limited. The development is believed to be part of its...
The U.S. Department of Agriculture (USDA) has projected that Nigeria will become the world’s biggest rice importer after China. According to the USDA, Nigeria’s importation of...
The National Bureau of Statistics (NBS) has said failure of the Federal Government to release money to it is responsible for the non-release of the nation’s...
The Bureau of Public Enterprises (BPE) has commenced the process of restructuring the Nigeria Postal Service (NIPOST) as it has hired KPMG LLP to advise it...
The Central Bank of Nigeria (CBN), Wednesday revealed that money deposit banks in the country have refunded about N72.2 billion to customers in 13,715 complaints. This...
The Federal Government of Nigeria on Wednesday successfully raised a new $2.86 billion Eurobond. The $2.86 billion however came at a higher interest rate, a move...
Justice A. Obiozor of the Federal High Court in Ikoyi, Lagos on Tuesday ordered the final forfeiture of the sums of N1,260,000,000, $327,132.35, £167.85 and €157.90...
The price of cocoa beans in Nigeria has jumped by 21% in the last three weeks due to fears that the output of the commodity may...
The Nigerian Senate has frowned against attempts by the Federal Government to reduce the $8.1 billion fine imposed on MTN Nigeria, to $800 million. The Senate,...
Telecommunication giants, MTN and Airtel have concluded plans to obtain mobile banking licence from the Central Bank of Nigeria (CBN) as they prepare to enter the...
Babatunde Fashola, the Minister of Power, Works and Housing, says the Federal Government has awarded N206 billion contract for the main work on the Second Niger...
The low capital base of insurance companies in the country has adversely affected their capacity in the business, the Commissioner for Insurance and Chief Executive Officer,...
The Minister of Works, Power and Housing, Mr. Babatunde Fashola, has thumbed up the administration of President Muhammadu Buhari, saying the administration has increased power generation,...
Two commercial banks in the country, Diamond Bank Plc and Access Bank Plc have denied reports that the two banks are in merger or acquisition talks....
There are indications that the Federal Government is set to begin fresh negotiations with preferred bidders for three power generation plants of the National Independent Power...
Eight banks in the country have been fined a total of N102.7 million by the The Nigerian Stock Exchange for the failure to file their financial...
The Federal Government has restated its commitment to the enforcement of laws banning some classes of imported goods into the country. The Minister of Labour and...
The Nigerian National Petroleum Corporation (NNPC) has said money alleged to have been diverted from the dividend from the Nigeria Liquefied Natural Gas (NLNG) company was...
The federal government has announced that the entire process of branding and unveiling of the suspended national carrier project, Nigeria Air, in London cost about N50,893,000....
The International Monetary Fund (IMF) has raised the alarm that Nigeria currently spends over 50% of its revenue to service debts. According to the IMF, the...
Nigeria’s Security Exchange Commission (SEC) on Tuesday invalidated the 48th annual general meeting (AGM) of NEM Insurance held in June and all the resolutions reached at...
Critical steps required to deepen Nigeria’s debt market was the focus of discourse in Lagos as the Annual Bonds, Loans and Sukuk Nigeria Conference was held...
The Minister of State for Aviation, Hadi Sirika, says the Nigeria Air project is still on track. He said the project followed due process and is...
The Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Wednesday, defended the rising debt profile of the country, insisting that it is good debt...
Governor Nasir El-rufai of Kaduna State has asked the Federal Government to hands off the Value Added Tax (VAT) declaring that it was the business of...
Total tax collections by the 26 state governments in the country has increased astronomically in the last few years, the Federal Inland Revenue Service (FIRS) has...
The Nigerian National Petroleum Corporation (NNPC) has said its crude oil and gas export sale in August 2018 was $470 million, indicating an increase of about...
The heavy raining season this year has caused devastating damages to the over $4.5 billion refinery of Africa’s richest man, Aliko Dangote. Dangote, who is the...
The disputes between MTN Nigeria and Nigerian authorities over $10 billion in repatriated funds and back taxes could increase risk in South Africa’s financial system depending...
The Central Bank of Nigeria (CBN) has said Nigeria is leading other Africa nations and one of the top five (5) globally in remittances inflows. CBN...
President Muhammadu Buhari has appealed to the National Assemby to expedite action on the 2019-2021 Medium Term Expenditure Framework and Fiscal Strategy Paper to aid the...
The African Development Bank has announced that it is going to invest $500 million into citywide sanitation in urban communities in sub-Sahara Africa. The bank made...
The Nigerian Stock Exchange (NSE) on Tuesday lifted the suspension it placed on trading in the shares of four listed companies after over a year. This...
The upper chamber of the National Assembly will today (Tuesday) probe claims by the Nigerian National Petroleum Corporation (NNPC) on the rationale behind the diversion of...
Nigerians in the habit of criticising the administration of President Muhammadu Buhari of borrowing too much have been asked to advise the administration of where to...
The nation may be set for another round of industrial unrest as state governors have said states can only pay N22,500 as new minimum wage contrary...
The Socio-Economic Rights and Accountability Project (SERAP) has called on the federal government to “move swiftly” in recovering unpaid taxes by some evading companies in the...