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...
The federal government Wednesday confirmed the approval of the transfer of $650 million (about N198.9 billion) to the Nigerian Sovereign Investment Authority (NSIA) as seed funding...
The Asset Management Corporation of Nigeria (AMCON) Friday took possession of the asset of Sea Petroleum & Gas Limited and its affiliated companies. The company is...
A recent data by the National Bureau of Statistics (NBS) has shown that the Value Added Tax (VAT) generated by the Federal Government through the Nigerian...
Fitch Ratings, a global credit rating agency, affirmed Nigeria’s long-term foreign-currency issuer default rating at ‘B+’ with a negative outlook, even as the 2019 general elections...
The Federal Government has launched an online portal for willing investors with a view to joining the first 100 economies in the Ease of Doing Business....
It has been revealed that several revenue generating agencies in Nigeria shortchanged the government of N526 billion and $21 billion between 2010 to 2015. This was...
A recent data by the National Bureau of Statistics (NBS) has shown that the Federal Capital Territory (FCT), Abuja is the most expensive city for bus...
The Nigerian National Petroleum Corporation (NNPC) has recommended the splitting of petroleum licences into two components for prospecting and production phases under the draft Petroleum Industry...
The Indian High Commissioner to Nigeria, Shri Reddy, said his country has made available the sum of about $174.96 million to boost power supply in Nigeria....
Worried by the inability of the Nigerian National Petroleum Corporation (NNPC) to generate and remit accurate revenue to the Federation Account, governors on Wednesday met behind...
The National Assembly on Wednesday passed the 2018 Appropriations Bill after more than six months it was presented by President Muhammadu Buhari. Buhari presented a N8.612...
The total value of Currency-in-Circulation in Nigeria rose by N289 billion to N1.957 trillion at the end of April, the latest Money and Credit Statistics of...
The Nigerian Insurance Association (NIA) has said the increase in fraud claims in the insurance industry is affecting the survival of the business. Director General of...
The Speaker of the House of Representatives, Hon. Yakubu Dogara, has assured Nigerians that the 8th Senate, particularly the House of Representatives, would ensure the passage...
The Nigerian Senate on Tuesday passed into law the repeal and re-enactment of the Companies and Allied Matters Act (CAMA), which, according to the Senate, “is...
The recent proposal by former vice-president Alhaji Abubakar Atiku to privatize oil and gas sector, especially the country’s refineries, has been described as “callous and anti-people”....
The National Assembly has raised the figures of the 2018 Appropriation Bill from N8.612 trillion earlier presented by President Muhammadu Buhari to N9.120 trillion. The breakdown...
The Nigerian Customs Service, Zone B, says it generated over N9billion between January and April 2018. Mr Udo Emmanuel, An assistant Comptroller General, and the zonal...
The 2018 budget report by the Joint Senate and House of Representatives’ Committee on Appropriation would be laid today, Ripples Nigeria has learnt. According to a...
As unemployment rate in Nigeria continues to soar to new highs, the Federal Government’s Economic Management Team (EMT), on Monday, met at the Presidential Villa in...
The Minister for Communications, Mr. Adebayo Shittu, on Monday, said some Indian businessmen have shown Interest to invest $4 billion into Nigeria’s manufacturing sector. Mr. Shittu...
Nigeria’s inflation rate further dropped for the 15th consecutive month in April, creating a positive outlook for interest rate cut to drive growth. This is contained...
It is estimated that the African continent loses about $148 billion every year due to corruption and money laundering. Commonwealth Secretary-General, Patricia Scotland, gave the estimate...
A new banking product to enable Small and Medium scale Enterprises (SMEs) save on cost and optimize their business/revenues has been introduced by Stanbic IBTC Bank,...
The World Bank Group has expressed its satisfaction with the performance and growth recorded in the Nigerian economy since it emerged from recession. The bank made...
Trading activities on the floor of the Nigeria Stock Exchange (NSE) on Monday ended on a negative note to erase previous gains, as investors’ sentiment weakened....