The Nigerian Electricity Regulatory Commission (NERC) on Wednesday suspended the board of directors and other management staff of Ibadan Electricity Distribution Company (IBEDC) over failure of...
President Muhammadu Buhari says the National Assembly added a sum of N14.5 billion to its budget upon passage, even as it cut budgetary provision for some...
About six months into the year, President Muhammadu Buhari on Wednesday signed the 2018 Appropriations Bill into law. Buhari signed the budget as passed by the...
The Minister of Finance, Kemi Adeosun, has announced that the Federal Government released a total of N1.6 trillion (N1,580,270,755,084.44) capital cost to Ministries, Departments and Agencies...
Gas supply to generating stations has increased after the Nigeria National Petroleum Corporation (NNPC) restored a ruptured pipeline, making power generation into national grid to rise...
The Nigerian Stock Exchange (NSE) on Tuesday extended its bearish performance for the third consecutive trading session on the back of losses in market bellwethers to...
The Minister of Finance, Kemi Adeosun, has said all Ministries, Departments and Agencies (MDAs) of the Federal Government and the Federal Inland Revenue Service (FIRS) are...
No fewer than 5, 212 jobs were lost in the manufacturing sector in the second half of 2017, bringing the total for the year to 10,291,...
In a bid to stem the tide of smuggling of foreign rice into Nigeria along the country’s borders, the Federal Government says it will shut down...
There is renewed anxiety in Nigeria’s oil sector as the Niger Delta Activists Forum (NDAF) has threatened attacks on oil facilities in the Niger Delta belonging...
Indications have emerged that there might be a significant reduction in the supply of power to electricity consumers in the country as electricity generated into the...
The Socio-Economic Rights and Accountability Project (SERAP) has sued the Minister of Power, Works and Housing, Mr Babatunde Fashola SAN. The suit filed by the group...
The Association of Bureau De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to approve the disbursements of Renminbi (Chinese Yuan)...
President Muhammadu Buhari will sign the 2018 Appropriation Bill into law on Tuesday, Minister of Information, Lai Mohammed, told Reuters in London on Friday. The Special...
The Central Bank of Nigeria (CBN) in partnership with deposit money banks in the country said it is offering a 10 percent mark-up as an incentive...
Nigeria’s agricultural export earnings rose to over N5 billion in the last one year, indicating 180 percent increase from a year earlier, the Minister of Agriculture...
The Nigerian Stock Exchange (NSE) on Thursday extended its bearish performance for the second trading session on sustained profit taking activities, even as 28 stocks advanced...
The Nigerian Civil Aviation Authority (NCAA) said the domestic and international airline operators in the country sold tickets worth a sum of N505.2 billion in 2017....
Activities at the floor of the Nigeria Stock Exchange (NSE) on Wednesday closed on a negative note amid renewed profit taking in market bellwether after recording...
President Muhammadu Buhari is to sign the 2018 Appropriation Bill recently passed by the National Assembly, into law next week. This was made known on Wednesday...
Nigeria’s Consumer Price Index (CPI) further dropped for the 16th consecutive month in May, moving the index closer to the Central Bank of Nigeria’s (CBN) target,...
No fewer than 22 companies have been delisted by the Nigeria Stock Exchange (NSE) between 2016 and 2017 for non-performance and failure to meet the required...
The Nigeria Electricity Regulatory Commission (NERC) said it has issued power generation and distribution licenses to two firms in Ariaria Market in Aba, Abia state. Ariaria...
The Nigeria Civil Aviation Authority (NCAA) said the December 2018 target, which was projected as the commencement date of operations for the proposed national carrier, was...
The National Bureau of Statistics (NBS) said the average prices for the refilling of a 5kg and 12.5kg cylinder for Liquefied Petroleum Gas (Cooking Gas) increased...
The average price of Premium Motor Spirit, popularly known as petrol, in Nigeria reduced in May 2018, the National Bureau of Statistics (NBS) has said in...
In a bid to stem the tide of rice smuggling along Nigeria’s borders, the Federal Government has delivered 50 Toyota Hilux vehicles to the Nigeria Customs...
The Federal Government on Monday said it has taken advantage of the new Meter Asset Provider (MAP) regulations to give a grant of N37 billion to...
President Muhammadu Buhari’s two-day working visit to the Kingdom of Morocco has begun to yield results as Nigeria signed a regional gas pipeline agreement with Morocco...
The nation’s foreign exchange (forex) reserves have lost over $374 million within three weeks, the latest data from the Central Bank of Nigeria (CBN) obtained by...
In what seems a yearly routine, the 2018 budget process has suffered months of delay at every phase of the process like every other budget recently...
The legal battle between the Innoson Group and Guaranty Trust Bank Plc. (GTB) which dates back to 2013 is gradually taking a new dimension. The group...
President Muhammadu Buhari has approved the nomination of Folashodun Shonubi as Deputy Governor of the Central Bank of Nigeria (CBN) subject to Senate confirmation. The nomination...
The Nigeria Stock Exchange (NSE) on Friday closed the trading session for the week on a negative note after four consecutive bullish sessions, indicating the return...
The Nigeria Customs Service (NCS) said it recorded a total sum of N100.1 billion as monthly revenue collection in May this year, making it the highest...
The Supreme Court on Thursday ordered Guaranty Trust Bank to pay about N14 billion illegal charges allegedly deducted from the account of Innoson Nigeria Limited pending...
The Nigerian Electricity Regulatory Commission (NERC) said it has given “No Objection” approval to another set of nine firms seeking to procure and install meters for...
In furtherance to the recent bilateral currency swap deal signed by the Central Bank of Nigeria (CBN) with the People’s Bank of China (PBoC), the CBN...
The Asset Management Corporation of Nigeria (AMCON) has said it would be selling some of its assets like Arik Air, Aero Contractors, Peugeot Automobile Nigeria (PAN)...
The Federal Executive Council (FEC) has approved two Executive Orders and five tax policy Amendment Bills as it aims at reducing tax burden on Nigerians and...
The Distillers and Blenders Association of Nigeria (DIBAN) has rejected the new excise duty imposed on alcoholic beverages and tobacco products in the country. The Chairman...
The Federal Government says it has recovered about N30 billion from the Voluntary Assets and Income Declaration Scheme (VAIDS). The amount was realised from individuals and...
The total value of goods exports from Nigeria to foreign countries rose in the first quarter of 2018 to N4.69 trillion, causing a strong growth in...
The Nigerian Electricity Regulatory Commission (NERC) on Tuesday said it has commenced the process of reviewing the financial model that would determine the electricity tariff payable...
The Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Tuesday kicked against the move by the House of Representatives to criminalise estimated billing by...
The Federal Government has said Nigeria would increase its gas supply to the West Africa Gas Pipeline Project. This is as the country continued to enjoy...
The International Air Transport Association (IATA) on Tuesday announced that Nigeria has cleared the $600 million trapped funds belonging to foreign airlines operating in the country....
A former Director-General, Mounir Gwarzo and an Executive Commissioner, Corporate Services, Zakwanu Garuba, in the Securities and Exchange Commission (SEC) were on Tuesday arraigned before a...
The Nigerian National Petroleum Corporation (NNPC) has told a Lagos based human rights lawyer, Femi Falana (SAN), that it cannot respond to his request on fuel...
President Muhammadu Buhari said his administration has spent $9 billion on develop power, roads and railways infrastructures in the country in the last 2 years. The...