The Central Bank of Nigeria (CBN) has debited the account of Stanbic IBTC Bank, the banking subsidiary of the Stanbic IBTC Group, for N1.886 billion regulatory...
The Nigerian Stock Exchange (NSE) is now ranked the worst performing equities market in the African continent as the Year-to-Date (YTD) return of the All-Share Index...
Nigeria’s telecommunication giant, MTN Nigeria, has lost about one million subscribers in one month, according to Nigerian Communications Commission (NCC). The latest industry statistics released by...
President Muhammadu Buhari on Wednesday asked for the support of the Chinese government to build the 3,050 Megawatts Mambilla hydroelectric power project in Taraba State. In...
French oil major, Total and the Nigerian National Petroleum Corporation (NNPC) as well as their project partners will launch Egina crude at this year’s Asia Pacific...
The Nigerian Civil Aviation Authority (NCAA) said the proposed December take off of the national carrier, Nigeria Air, was still feasible as it could still issue...
Barely two weeks after the Central Bank of Nigeria (CBN) directed MTN Nigeria Communications Limited to refund $8 billion over alleged illegal repatriation of shareholders’ dividends,...
President Muhammadu Buhari said Chinese loans to Nigeria were not “debt trap” as being purported, noting that the nation was able to repay all the loans...
The Federal Government has offered for subscription two savings bonds to investors for September 2018, the Debt Management Office (DMO) said on Tuesday. The DMO, which...
The South African economy has entered recession after contracting for two consecutive quarters in 2018, available data from Statistics South Africa showed on Tuesday. The rate...
The Federal Government has launched the Trader Moni empowerment programme, aimed at giving collateral free loans to petty traders, with 30,000 beneficiaries in Iwo, Osun State....
China has pledge a total of $60 billion financial support for projects in Africa, Chinese President, Xi Jinping, announced on Monday. The President, who made the...
The Minister of State for Petroleum, Ibe Kachikwu, has said the decline in the nation’s crude oil production may likely continue into next year. According to...
The Central Bank of Nigeria (CBN) said it has refunded a total of over N65 billion excess charges deducted from bank customers’ accounts in the last...
The Chairman of Bi-Courtney Aviation Services Limited (BASL), operator of the Murtala Muhammed Airport Two (MMA2), Wale Babalakin, said contrary to people’s view, the airport had...
The Federation Accounts Allocation Committee (FAAC) said the revenue reporting template for the Nigerian National Petroleum Corporation (NNPC) and other members of the revenue sharing committee...
Coca-Cola company on Friday said it will buy global coffee chain Costa from Whitbread for £3.9 billion ($5.1 billion). The global beverage producer made this known...
The bilateral trade between Nigeria and the United Kingdom (UK) is valued at £4.2 billion per annum, British Minister for Africa, Harriet Baldwin, has said. Baldwin...
The Statistician-General of the National Bureau of Statistics (NBS), Yemi Kale, said the Nigerian economy could be regarded as a diversified economy based on the Q2...
The Nigerian National Petroleum Corporation (NNPC) has unveiled plans to set up a bunkering subsidiary to provide refueling services to ships and other ocean-going vessels. The...
Executive Director of the Dangote Group, Hajiya Halima Aliko-Dangote has urged millennials in Nigeria and across Africa to diversify from service-oriented enterprises to manufacturing and agriculture...
MTN Nigeria has dismissed allegations by the Central Bank of Nigeria (CBN) over illegal repatriation of shareholders’ dividends amounting to $8.1 billion by the company between...
The total external debt owed by the 36 states of the federation and the Federal Capital Territory (FCT), Abuja, rose by $131.55 million within the first...
The UK Government is set to launch a £70 million programme to create 100,000 jobs in Nigeria, its Minister of State for Africa, Harriett Baldwin, has...
The Central Bank of Nigeria (CBN) has imposed sanctions totalling N5.87 billion on four banks for wrongly assisting MTN Nigeria to repatriate funds. The banks allegedly...
The Minister of State for Petroleum Resources, Ibe Kachikwu, on Tuesday said there were no plans by Federal Government to sell its stakes in the Nigerian...
The Nigerian Electricity Regulatory Commission (NERC) said an average of 1,185 electricity complaints about various electricity services rendered by power distribution companies were made in the...
The nation’s foreign exchange reserves have dropped below $46 billion, available data from the Central Bank of Nigeria (CBN) showed on Wednesday. The reserves, which stood...
The Nigerian National Petroleum Corporation (NNPC) has said it would establish two condensate refineries at Western Forcados Area and Assah North Ohaji South (ANOH) Areas of...
The Federal Government has unveiled eight firms that will begin the exploration of minerals under the Integrated Exploration Project (IEP). The Minister of State for Mines...
No fewer than 40 million Nigerians in 200 communities across the country are being deprived access to the internet, the Nigerian Communications Commission (NCC) said on...
Following the interest rate hike by the United States Federal Reserve and the rising political uncertainties in Nigeria, the total foreign transactions at the Nigerian Stock...
The Federal Government said it was encouraged by the 2.05 percent growth in the non-oil sector for the second quarter of 2018. It noted that the...
The Federal Government has expressed willingness to involve Nigerians in the diaspora in its strides to develop the country’s economy. The effort, which is aimed at...
The Nigerian economy has slowed for the second consecutive quarter this year, indicating the nation may soon be heading for another economic recession. According to the...
Indications have emerged that the nation may soon begin to earn less from crude oil as the monthly volume of Nigerian oil imports into the United...
The Bureau of Public Enterprises (BPE), an agency of the Federal Government, has called for Expressions of Interest from prospective investors who are interested in buying...
The Central Bank of Nigeria (CBN) said the maximum credit issuable to agriculture, manufacturing, and other related sectors that are employment and growth stimulating to the...
Following the two-day holiday declared by the Federal Government to celebrate this year’s Eid-El-Kabir, the stock market resumed on Thursday on a positive note as equities...
Nigeria’s revenue from oil export hit an estimated $26 billion between January and July this year as the price of global oil benchmark, Brent crude, rose...
As part of measures to tackle rising poverty rate in the country, the Federal Governemnt said it had concluded plans to extend its Government Enterprise and...
A foremost African airline, Ethiopian Airlines, has signed an agreement with Zambia’s Industrial Development Corporation (IDC) to invest in the newly established Zambia’s national carrier, Zambia...
The total value of capital importation into Nigeria dropped by $790 million in the second quarter of 2018, the largest decline in more than two years...
President Muhammadu Buhari on Monday signed an Instrument of Accession to the International Cocoa Agreement (ICA), 2010. The pact was the seventh ICA adopted at the United...
A Federal High Court (FHC) sitting in Abuja has ordered Multichoice Nigeria Limited to halt any increase in its subscription tariffs. Three weeks ago, the satellite...
The staff strength in the nation’s banking sector rose by 12 per cent in the first half of 2018 from 90,923 staff recorded at the end...
Eaton Acquisitions Limited on Monday said it had completed the purchase of 130 million shares of NEM Insurance Plc. The cross deal sees Eaton, which was...
The electricity Distribution Companies (DisCos) in the Nigerian Electricity Supply Industry (NESI) have kicked against the Federal Government’s choice to engage the Transmission Company of Nigeria...
The Statistician-General of the National Bureau of Statistics (NBS), Yemi Kale, said the clashes between farmers and herdsmen slowed down the rate of growth in Nigeria’s...
The Central Bank of Nigeria (CBN) said it would support banks that fund projects in agriculture and manufacturing sectors by refunding Cash Reserve Ratio (CRR) at...