The Central Bank of Nigeria (CBN) on Monday reduced the rate at which Bureau De Change (BDC) operators in the country buy dollar from the bank...
After bearish performance was sustained at the Nigeria Stock Exchange (NSE) for 11 consecutive trading sessions, the equities market rebounded on Monday to halt the longest...
President of the Senate, Dr. Abubakar Bukola Saraki, has said that the three new Petroleum Industry Bills (PIB) being considered by the Senate will boost economic...
The Federal Government on Monday offered for subscription two-year and three-year Savings Bonds to investors for June 2018. The Debt Management Office (DMO), which is offering...
A Nigerian firm which deals with manufacturing of cement, Ibeto Cement Company, has announced its acquisition of Century Petroleum Corporation, a United States (U.S.) publicly traded...
The average daily loan requests by banks from the Central Bank of Nigeria (CBN) rose to N216.34 billion amid tight monetary policy by the apex bank,...
The new excise duty for alcoholic beverages and tobacco will take effect from Monday, June 4, 2018, indicating an increase in the prices of the products...
The controversies surrounding the loan allegedly taken by former Captain of the Nigeria Super Eagles and promoter of The Hardley Apartments, Nwankwo Kanu, might take a...
The Nigeria Stock Exchange (NSE) sustained a weak performance throughout May, causing the market to hit its worst monthly decline in over 2 years amid continous...
The Central Bank of Nigeria (CBN) has extended the implementation of transaction limit on Unstructured Supplementary Service Data (USSD) for the financial systems in the country....
The manufacturing sector Purchasing Managers’ Index (PMI) stood at 56.5 index points in the month of May, indicating a sluggish expansion in the sector for the...
The Airline Operators of Nigeria (AON), the umbrella body of airlines in the country, has faulted the Federal Government’s plan to float a ‘National Carrier’ in...
The Central Bank of Nigeria (CBN) said the bank’s resistance to float the Naira in the face of the economic challenges that befell the nation saved...
The Senate on Thursday confirmed the appointments of four Non-Executive Directors for the Board of the Central Bank of Nigeria (CBN). President Muhammadu Buhari had forwarded...
The Innoson Vehicle Manufacturing Company (IVM) has said plans to expand its business operations have suffered a great setback over litigations against the company. It said...
Taxify, one of Nigeria’s leading ride-hailing company, said it is working on expanding the platform’s availability to drivers and riders in Nigeria after raising $175 million...
The stock market closed with a bearish performance for the 9th consecutive trading session on Wednesday amid massive sell-offs in profit taking in stocks. Sell pressures...
President Muhammadu Buhari said the first phase of the Nigerian Economic Recovery Programmes Focus Labs conducted by the Federal Government was expected to attract $22.5 billion...
President Muhammadu Buhari said his administration has successfully cut down rice importation from other countries by 90% in 3 years. Buhari noted that this has helped...
The community leaders of Geregu and Ajaokuta in Kogi State, the host communities of Ajaokuta Steel Company have claimed that the firm cannot commence operations unless...
In a bid to ensure full compliance of the new CBN forex directive, the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, on Monday embarked...
After 125 years of operation, Coca-Cola company resolved to capture new markets of drinkers as it launched its first ever alcholic drink in Japan. The development...
The Federal Government has met with Boeing, an American aircraft manufacturing company, even as it plans to set up a new national carrier for Nigeria. The...
The Association of Bureaux De Change Operators of Nigeria (ABCON) has rejected the new foreign exchange directive by the Central Bank of Nigeria (CBN) which mandates...
Indications have emerged that ongoing trade dispute between aviation unions and Bi-Courtney Aviation Services Limited (BASL), operator of Muritala Muhammed Airport Terminal Two (MMA2), might take...
Finance Minister, Kemi Adeosun, on Sunday said the Federal Government has saved a sum of N125 billion from cost cutting on travel allowances, sitting allowances, souvenirs,...
As part of the measures to ease the stress by Nigerians seeking foreign exchange for their traveling arrangements, the Central Bank of Nigeria (CBN) has issued...
You have heard that $16billion was ‘wasted’ on power projects under the watch of Olusegun Obasanjo as President. That line of argument is not original to...
The presidency has confirmed that the National Assembly has now transmitted the 2018 budget to President Muhammadu Buhari for assent. Ita Enang, Senior Special Assistant to...
The Nigerian Stock Exchange (NSE) All-Share Index (ASI) on Friday dropped to its lowest points in more than four months, amid depreciation in banking and consumer...
The level of non-performing loans (NPLs) in Nigeria’s financial industry rose to a new high as three commercial banks recorded 60 percent of the N700 billion...
In a view to discourage over dependence on a source of revenue and ensure financial viability in Nigerian states, Vice President Yemi Osinbajo has urged state...
There are indications that the short-term bonds of the Federal Government are no longer attractive as its five-year and seven-year tenor bonds in May were poorly...
Worried by the effects of the Federal Government’s proposed upward review of the taxes paid on locally produced alcoholic drinks and tobacco products, a coalition of...
As Nigerians continue to cry out over the non-availability of pre-paid meters, the Nigerian Electricity Regulatory Commission (NERC) says it has given approval to 22 firms...
A downstream subsidiary of the Nigerian National Petroleum Corporation (NNPC), NNPC Retail Limited, has been directed to target 30% market share of petroleum products distribution business...
The Nigerian National Petroleum Corporation (NNPC) and its Joint Venture Partner, Nigeria Agip Oil Company Limited (NAOC), have pledged their commitments to implement the Okpai Phase...
The Nigerian National Petroleum Corporation (NNPC) and the Nigerian Ports Authority (NPA) have expressed readiness to ensure seamless reception of petroleum products into the various ports...
The Federation Accounts Allocation Committee (FAAC) said it has disbursed a total sum of N701.022 billion to Federal Government, states, and Local Government as federal allocation...
The Minister of Budget and National Planning, Senator Udoma Udo Udoma, said the National Assembly was yet to transmit the recently passed 2018 Appropriation Bill to...
Muhammed Sanuli II, the Emir of Kano and a former Governor of the Central Bank of Nigeria (CBN), has called on African nations to embrace regional...
Vice President Yemi Osinbajo has said the President Muhammadu Buhari-led Federal Government has invested about $10 billion in infrastructure development in the last three years. Osinbajo,...
President Muhammadu Buhari said his administration successfully increased Nigeria’s foreign reserve from the $29.6 billion it was in 2015 when he took over office to $47.5...
The Monetary Policy Committee (MPC) of the Central bank of Nigeria (CBN) has again held its main lending rate at 14 percent to further ensure stability...
The Director-General of the Debt Management Office (DMO), Patience Oniha, on Monday, said the federal government must take loans to fund the 2018 budget and capital...
The Lagos State Government has said the state’s average monthly Internally Generated Revenue (IGR) has risen to N34 billion in 2018 from N22 billion recorded in...
The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) may consider lowering its main lending rate for the first time in almost two years, as...
Equities Market on Monday extended bearish performance into a new week as maket indicators of the Nigerian Stock Exchange (NSE) were down by 0.12%. The All-Share...
Nigeria’s real Gross Domestic Product (GDP) grew by 1.95% Year-on-Year (YoY) in the first quarter of 2018, indicating a stronger growth from a year earlier, the...
The Central Bank of Nigeria (CBN) has said the Nigeria-China currency swap deal will not cover the importation of the 41 items already prohibited from the...