The Minister of Finance, Kemi Adeosun, will host the Investment Forum/Trade Exhibition of the African Export-lmport Bank (Afreximbank), in Abuja. The event, which will also mark...
The Minister of Power, Works and Housing, Babatunde Fashola, said the problem facing the nation’s electricity sector has changed from unavailability of power for distribution to...
The Katsina State Government and the Dangote Group have signed an investment deal worth N500 million to boost local production of tomatoes in Nigeria. At the...
The Federal Government said it would unveil the name of the new national airline at Farnborough International Public Airshow expected to hold on July 18 in...
Lagos State Governor, Akinwunmi Ambode, has projected that export from Lekki Free Trade Zone is expected to hit over $6 billion (about N2.16 trillion) by 2020....
The Central Bank of Nigeria (CBN) yesterday directed all banks, mobile money operators, super agents to render their daily returns to the regulatory body, even as...
The Minister of Power, Works and Housing, Babatunde Fashola, on Thursday advocated for a landlord-tenant-employer’s relationship to ensure rents are deducted from tenants’ salaries at the...
Nigeria’s inflation rate is expected to drop for the 17th consecutive month in June, indicating that prices of goods and services increased in June at a...
The downstream subsidiary of the Nigerian National Petroleum Corporation (NNPC), NNPC Retail Limited, said it has embarked on nationwide audit of its field operation. The effort...
President Muhammadu Buhari has said he would meet with the officials of the Nigerian National Petroleum Corporation (NNPC) to find a lasting to solution to the...
The Federal Government said it was ready to introduce a new classification policy into the insurance industry. The policy, which would be implemented through the National...
The Federal Government said it has completed plans to build 10 major truck transit parks across the six geo-political regions of the country. The plan to...
The Central Bank of Nigeria (CBN) said the currency swap agreement recently reached with the People’s Bank of China (PBoC) was to diversify the nation’s currency...
The Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler,has said that multiple taxation does not exist in Nigeria. Fowler made this known while addressing...
The French and Nigerian governments have signed a bilateral agreement that would provide about $275 million to develop facilities in Lagos and Kano states. Both presidents,...
The Nigerian National Petroleum Corporation (NNPC) said it has completed plans to raise money from the capital market to fund its new projects. The projects include...
The stock market on Tuesday extended losses as profit taking activity of market bellwethers continued against the backdrop of political uncertainty, causing the local burse to...
Speaker of the House of Representatives, Yakubu Dogara, has urged President Muhammadu Buhari to assent to the constitutional amendment Bill which provides for early submission of...
The Federal Government offered for subscription two savings bonds to Investors for July 2018, the Debt Management Office (DMO) has said. The DMO, which is offering...
Barely two months after the inauguration of the Surveillance, Intelligence and Monitoring (SIM) unit of the the Standards Organisation of Nigeria (SON), the operatives of the...
The Nigeria Extractive Industries Transparency Initiative (NEITI) says that the country has lost about $20 billion dollars from the oil and gas sector over the years....
Ethiopian Airlines, one of Africa’s largest aviation groups, has taken delivery of the largest B737 Max 8 aircraft in the continent into its fleet. This was...
Trading activities on the floor of the Nigerian Stock Exchange (NSE) on Monday recorded bearish performance amid renewed profit taking activity in market bellwethers, dragging the...
About 18 million Nigerians have been estimated to become unemployed in the next four years, analysts at FSDH Research have forecasted. In December 2017, the National...
Vice President Yemi Osinbajo has attributed the nation’s high poverty population to the neglect of the country’s informal sector. The informal sector of the economy implies...
As part of efforts to bring about national food sufficiency, food security and creation of employment, the Ekiti State government has announced plans to partner with...
The Food, Beverage and Tobacco subsector of the manufacturing sector expanded at a faster pace in June 2018, even as the Federation Government increased excise duty...
The Federal Government on Friday said it would review the 500 percent tariff placed on locally produced alcoholic beverages in the country to forestall job losses...
The National Bureau of Statistics (NBS) on Friday faulted the basis of the recent Brookings Report rating Nigeria over India as the new global extreme poverty...
The Minister for Finance, Kemi Adeosun, on Thursday confirmed that the monthly meeting of the Federation Accounts Allocation Meeting (FAAC), which ended in deadlock on Wednesday...
The Asset Management Corporation of Nigeria (AMCON), said that only 350 Nigerians are responsible for more than 80 percent of the N5.4 trillion debt portfolio of...
The World Bank has approved $2.1 billion loan for seven projects to support Nigeria’s investments in key sectors of the economy. A statement by the bank’s...
The Nigerian National Petroleum Corporation (NNPC) has decried the demand by state governors insisting that the corporation must remit additional N40 billion to the Federation Accounts...
The monthly meeting of the Federal Account and Allocation Committee (FAAC) ended in stalemate on Wednesday in Abuja for undisclosed reasons. The meeting, which was chaired...
The lower chamber of the National Assembly has begun an investigation into allegations by electricity consumers in the country over excessive charges being levied by power...
Indications have emerged that the Federal Government of Nigeria (FGN) will incur more debt by paying more than it planned to fund the 2018 Budget deficit,...
The Transmission Company of Nigeria (TCN) said a sum of $1.57 billion (about N565.2 billion) funding has been raised from multilateral donor agencies to expand Nigeria’s...
President Muhammadu Buhari on Tuesday said the rice seedling factory in Calabar would reduce rice importation along Nigeria’s borders, thereby saving the nation’s foreign exchange. Buhari,...
The Manufacturers Association of Nigeria (MAN), has expressed worry over the position of the Nigerian Office for Trade Negotiations (NOTN) on the issues raised after its...
The implementation of data rollover policy by the Nigerian Communication Commission (NCC) takes effect today, even as the commission placed N5 million fine on defaulting operators....
The Nigerian Communications Commission (NCC) on Monday stopped moves by South African mobile giant, MTN Group, to acquire the only surviving Code Division Multiple Access (CDMA)...
The Federal Government plans to inject N500 billion ($1.4 billion) into its low-cost mortgage lender, Federal Mortgage Bank of Nigeria (FMBN), over the next five years...
The Federal Government, States and Local Governments of the federation received a total sum of N608.33 billion as allocations in May, the National Bureau of Statistics...
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) weekend, expressed displeasure over cutting of allocations worth N11.5 billion to critical infrastructure like roads in...
From the presentation of the 2018 Budget to a joint session of the National Assembly to the signing of the budget by President Muhammadu Buhari on...
The National Assembly said it made cuts to 4,700 projects amounting to N347 billion to support the generation of employment for youths by Micro, Small and...
The Nigerian Ports Authority (NPA) on Thursday said the revenue accruing from car importation into the country dropped by 20 percent this year, a fallout of...
Minister for Budget and National Planning, Udoma Udo Udoma on Thursday made a Public presentation of the 2018 budget. Read Also: BUDGET 2018: Nat’l Assembly actions a...
President of the Senate, Dr. Abubakar Bukola Saraki, has assured the Russian Government that Nigeria is conducive for investors especially in the oil, gas, agriculture, mining...
Shareholders of Dangote Cement put on a happy face as they gave approval for the dividend payout of N10.50 per 50k share, representing 90 percent of...