Vice President Yemi Osinbajo has disclosed that the Nigerian government has set up a task force to ensure effective recovery of over N5 trillion being outstanding...
Scrap is a key manufacturing input for Nigeria, Africa’s most populous country, and the recycling industry is contributing to the economy, creating jobs and lifting people...
Data obtained on Monday from the Nigeria Inter-Bank Settlement System (NIBSS) has revealed declined transactions on Point of Sales terminals all over the country. This decline...
A crude oil processing facility acquired by Dangote refinery has set sail from China, Sinopec Corporation said on Monday. With a projected capacity of 650,000 barrels...
Investors at the Nigerian Stock Exchange (NSE) gained N15.5bn on the first trading day of the week. All Share Index gained 8bps to settle at 27,950.36...
The Nigerian National Petroleum Corporation (NNPC) has announced that the Army Engineering Corps will soon begin to demolish illegal structures along the corridor of its System...
Three weeks after signing the African Continental Free Trade Area (AfCFTA) agreement, President Muhammadu Buhari has approved the setting up of a National Action Committee (NAC)...
The Central Bank of Nigeria (CBN) has said its plan was to put restrictions on sale of forex for the importation of milk from the Nigerian...
The Federation Account Allocation Committee has distributed the sum of N762.59bn to the three tiers of government for the month of June. Ahmed Idris, the Accountant-General...
The Nigeria Deposit Insurance Corporation (NDIC) has advised Nigerians to exercise maximum caution in the adoption of cryptocurrencies as their preferred mode of financial transactions. A...
Following sell pressures in MTNN (1.6%),DANGCEM (1.2%) and FBNH (1.8%) in Thursday’s trading session, the local bourse sustained its bearish run as the benchmark index plunged...
MTN Nigeria on Wednesday notified the Nigerian Stock Exchange, the investing public and other stakeholders that some non-executive directors; including the Chairman, Dr. Paschal Dozie are...
The Nigerian National Petroleum Corporation (NNPC) has signed a $3.15 billion financing and technical services agreement with Sterling Oil Exploration and Energy Production Company Limited (SEEPCO)....
According to the World Economic Outlook of the International Monetary Fund (IMF) for the 2019 financial year, Nigeria’s economy is expected to experience a growth rate...
The Debt Management Office (DMO) on Tuesday listed the Federal Government of Nigeria’s second N100bn seven-year Sukuk on the Nigerian Stock Exchange. The Sukuk, which is...
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) on Tuesday left the Monetary Policy Rate unchanged at 13.5 per cent. The CBN Governor,...
Activities on the nation’s bourse opened for the week on Monday on a downward posture, with crucial market indices shedding 0.40 per cent. Specifically, market capitalisation...
The Central Bank of Nigeria, CBN, has said that it sold $4.47 billion forex to authorised dealers between April and May, 2019. The CBN stated this...
The Federal Government has signed an agreement with German company, Siemens, to generate 11,000 megawatts by 2023. The details of the deal was contained in a...
The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of N6.33 billon for May, which is 13 per cent higher than the N5.60 billion...
A former Minister of Transportation, Mr Rotimi Amaechi, has said that illegal oil bunkering and other illegal businesses on the Nigerian waterways cost the country about...
Weeks after redeploying some Port Managers and other senior officials, the Nigerian Ports Authority (NPA) has announced the appointment new general managers and assistant general managers....
Department of Petroleum Resources has sealed 33 filling stations in Port Harcourt, the Rivers State capital, for their alleged involvement in under-dispensing products. Some of the...
Ghana has been chosen by the African Union (AU) to host the secretariat of the African Continental Free Trade Area. It beat other competing countries including...
Director-General of the Industrial Training Fund (ITF) Joseph Ari on Thursday said the number of unemployed Nigerians rose from 17.6 to 20.9 million between the last...
The Nigerian Financial Intelligence Unit, NFIU, has announced that it would start delisting dormant or shell companies from the month of September this year. Shell companies...
Chairman of the Joint Tax Board (JTB), Babatunde Fowler, on Thursday launched the South West Regional National Tax payer Identification Number. During the inauguration ceremony of...
The International Monetary Fund (IMF) has become increasingly infatuated by the negative consequences of excessive inequality. This new-found mission is laudable, but neglects the manifold ways...
Oxfam International, a confederation of 20 independent charitable organizations focusing on the alleviation of global poverty, has said that Nigeria loses about $2.9 billion (about N580...
The Federal Government spent the sum of N610.2bn paying interest on its domestic debts put at N13.11 trillion in the first three months of 2019, data...
The Nigeria Employers’ Consultative Association, NECA, has warned that Nigeria may soon become a dumping ground with the signing of the controversial African Continental Free Trade...
The Central Bank of Nigeria (CBN) on Tuesday said $210 million had been freshly injected to boost the Nigerian foreign exchange market. The apex bank had...
There is respite coming the way of investors in Dantata Success and Profitable Company as the Securities and Exchange Commission (SEC) has announced the commencement of...
Christine Lagarde has resigned as managing director of the International Monetary Fund (IMF). This is as she awaits confirmation as the new president of the European...
Cinema goers in Nigeria spent about 3,124,026,959 billion Naira to watch box office movies at cinemas around the country, between January and June, 2019, data reveals....
The Nigerian Communications Commission (NCC) remitted N51.3 billion to the Federal Government’s Consolidated Revenue Fund (CRF) in the first quarter of 2019. The remittance, according to...
The Nigerian equities market opened trading for the week on Monday on a negative mood with the market indicators shedding 0.79 per cent. Market capitalisation shed...
The consumer price index, (CPI) which measures inflation increased by 11.22 percent (year-on-year) in June 2019. This is 0.18 percent points lower than the rate recorded...
The Central Bank of Nigeria (CBN) has disclosed the duration period under which Deposit Money Banks (DMBs) should resolve different transaction issues lodged by their customers....
The management of Ethiopian Airlines are in talks with the Federal Government of Nigeria towards establishing an international carrier for the country. This was disclosed on...
The Federal Government on Friday disclosed that its social investment programme, N-Power has gulped a total of N279 billion which was spent on Nigerian youths. The...
The Nigerian Communications Commission (NCC) on Thursday said $136billion fresh investment is needed to expand the telecommunications sector. This was disclosed by the CEO of the...
The Debt Management Office, DMO, has said that the Federal Government spent a total of $357.26m in the first three months of 2019 to service external...
The oil-bearing communities in the Nembe Council Area of Bayelsa State have rejected the Global Memorandum of Understanding drawn by the international oil companies operating in...
The Royal Dutch Shell has come under criticism as a group, Oil Spill Victims Vanguard (OSPIVV), on Thursday said over 170,000 fisher-persons, as well as 350...
Investors in the Stock Market on Thursday lost N170.9 billion as market capitalisation fell in value to N13.9 trillion. Sell pressures in bellwether stocks AIRTELAFRI (-10.0%),...
The Nigerian National Petroleum Corporation (NNPC) on Thursday dismissed rumours around a planned hike in the pump price of Premium Motor Spirit (PMS) popularly known as...
The Office of the Accountant General of the Federation (OAGF) on Thursday revealed that the Federal Government made a withdrawal of N10 trillion from the Treasury...
Nigeria’s total debt has increased by 2.3% to N24.947 Trillion (US$ 81.274 Billion) as of March 31, 2019. The Debt Management Office (DMO) released the figure...
The African Development Bank (AfDB) on Tuesday said Nigeria accounted for $7bn of the $38.7bn inflows that were secured for the African continent at the maiden...
