It is a major red day for Asian markets as they plunged Thursday morning following the worst session on Wall Street for months, in the aftermath...
The Federal Government has released a total of N460 billion out of the N9.12 trillion estimated in the 2018 national budget. The amount is part the...
President Muhammadu Buhari on Tuesday wrote to the Senate seeking approval to raise $2.78 billion Eurobonds as part of the capital funding for the 2018 national...
The Debt Management Office (DMO) has said it was partnering with Nigerian Stock Exchange (NSE), Bloomberg and other relevant bodies to develop Nigeria’s infrastructure. The debt...
The presidential candidate of the Social Democratic Party (SDP)), Donald Duke, has expressed worry over Nigeria’s growing debt to China and other foreign countries. He said...
The Federal Government said it will formally address stakeholders in the aviation sector and the general public later this month on why it suspended the national...
The Nigerian Stock Exchange (NSE) has announced the suspension of trading in the shares of six companies listed on the local bourse over failure to file...
MTN shares rose this morning (Monday) by 2.55 percent on the Johannesburg Stock Exchange (JSE) after the Central Bank of Nigeria (CBN) said it may reduce...
The Central Bank of Nigeria (CBN) said it expects to maintain its tight monetary policy stance until the inflationary pressures ease towards it target band as...
The Central Bank of Nigeria (CBN) has said latest documents provided by MTN Nigeria and its four banks may lead to a reduction in $8.1 billion claim...
State governments have borrowed a total of N151.95 billion of the total pension fund assets invested by pension fund operators in the country as of June...
Following two consecutive weeks of gains recorded on the floor of the Nigerian Stock Exchange (NSE), the stock market this week closed on a bearish note,...
The Federal Government has assured Nigerians that everyone responsible for the failure of the defunct Skye Bank will be prosecuted. The Minister of Finance, Zainab Ahmed,...
The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has expressed fear over a likelihood of rice shortage across the country next year, which may...
The Minister of State for Petroleum, Ibe Kachikwu, has said the Federal Government was working on a policy that would ensure the country refines 50 percent...
The total value of bilateral trade between Nigeria and European Union Member States stood at £25.3 billion, an equivalence of about N8.9 trillion, in 2017. The...
The Central Bank of Nigeria (CBN) has asked the Federal High Court sitting in Lagos to deny MTN Group an injunction that would stop the telecommunication...
The Nigerian National Petroleum Corporation (NNPC) on Thursday said its total crude oil and gas export earnings rose to $416.07 million in June, 2018. A statement...
The African continent is said to be losing over $80 billion to illicit financial flows every year, according to South Africa’s former President, Thabo Mbeki. The...
The Nigerian Stock Exchange (NSE) on Thursday recorded another bearish performance for the third consecutive trading session in spite of positive investors’ sentiment. Today’s negative performance...
The Central Bank of Nigeria (CBN) has blamed the steady decline in the nation’s external reserves on higher yields in the United States. CBN Director of...
It was on Friday evening and I was just making plans on how best I could maximise the weekend when the news broke that the Central...
The World Bank has lowered its growth forecast for Nigeria’s economy in 2018 to 1.9 percent as the growth continued to downsize in the oil and...
The United States (U.S.) is planning to secure a legislative power to sue member countries of the Organisation of Petroleum Exporting Countries (OPEC) as its worries...
The Institute of Chartered Accountants of Nigeria (ICAN) has revealed that the nation’s stunted economic development was attributable to unhealthy politics, poor leadership and the tussle...
The Federal Government has increased the gas flare penalty from N10 per thousand standard cubic feet (SCF) of gas to $2 or N612.8 per thousand SCF...
The Federal government has announced a 90-day special window to register new businesses at a reduced rate of N5000 only. The new rate – for the...
The manufacturing sector Purchasing’ Managing Index (PMI) grew for the eighteenth consecutive month in September, even as it recorded 0.6 index points lower than the preceding...
MTN Group Limited said it may no longer seek to raise capital to finance its operations through an Initial Public Offering (IPO) on the Nigerian Stock...
President Muhammadu Buhari says his administration has put an end to the age-long practice of shady oil deals and non-implementation of public contracts in the country....
The Nigerian Communications Commission (NCC) says its partnership with the Nigeria Security and Civil Defence Corps (NSCDC) has led to the arrest of four pre-registered Subscriber...
The Central Bank of Nigeria (CBN) says there was an increase in the demand for corporate credit from all business sizes in the third quarter of...
President of Ghana, Nana Akufo-Addo has stressed that Nigeria needs to get it’s policy formulation and implementation right, by necessitating value addition, particularly in the oil...
Following the industrial action embarked upon by organised labour unions over the implementation of the new national minimum wage, indications have emerged that there may soon...
The 7-day warning strike called by Labour unions in the country, Thursday recorded partial success in parts of the country. The partial success was however due...
The Bureau of Public Enterprises (BPE) has disclosed that 19 companies have indicated interest to acquire Afam Power Generation Company and Yola Power Distribution Company (YPDC)...
Following the passage of the Nigerian Financial Intelligence Agency Bill, the Egmont Group of Financial Intelligence Units has lifted the suspension it placed on the Nigerian...
The Federation Account Allocation Committee (FAAC) has shared a total of N741.84 billion to the federal, states and the local governments, the first disbursement by FAAC...
The Economic and Financial Crime Commission (EFCC) has commenced investigation of directors of the defunct Skye Bank with a view to prosecute them. This is according...
The Minister of State for Aviation, Hadi Sirika, said the processes leading to the establishment of a new national carrier, Nigeria Air, was not suspended because...
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has cleared the air on why it changed the defunct Skye Bank’s name to Polaris Bank,...
In spite of the reversal in downward inflationary trend and slowing economic growth in the country, the Monetary Policy Committee (MPC) of the Central Bank of...
Nigerians have been advised to use the next few hours to stockpile food and other necessities if the Federal Government fails to meet the demands of...
The Federal Government will sell 10 state-owned companies in the fourth quarter of this year to fund the 2018 budget, according to the Bureau of Public...
A presidential aspirant of the African Action Congress (AAC), Omoyele Sowore, has argued that raising minimum wage of workers in the country’s civil service would not...
In what has remained a curious move, the Federal Government, on Monday, ordered the recall of the second tranche of the London and Paris Club Refunds...
Fifteen years after the defunct Nigeria Airways Limited stopped operations in the country, the Federal Government has approved the sum of N22.68 billion for the payment...
The former Minister of Finance, Ngozi Okonjo-Iweala, has expressed worries over the rising debt profile of African countries including Nigeria. The former minister, who made this...
The Nigerian National Petroleum Corporation (NNPC) has denied media reports alleging that the Nigeria Police Force (NPF) recovered $470.5 million and N8 billion of the corporation’s...
The Central Bank of Nigeria (CBN) has revoked the operating license of Skye Bank. The CBN Governor, Godwin Emefiele, and the Managing Director of the Nigeria...