For the giant of Africa, Nigeria to continue to function as a nation-state and play its role in the comity of nations, urgent step should be...
Economic growth in the sub-Saharan Africa is likely to slip 1.6 per cent by the end of 2016, its lowest level in two decades. This is...
Dr Okechukwu Enelamah, the Minister of Industry, Trade and Investment, has described as baseless, the allegation by Senator Dino Melaye that he colluded with MTN Limited...
Nigerian equities broke away from their negative tight market situation to record their first net capital gain in three trading session on Thursday as the MSCI...
Non passage of the Petroleum Industry Bill (PIB) has cost Nigeria $250 billion in the last five years, Nigerian Extractive Industries Transparency Initiative (NEITI) said on...
Nigeria is yet to remit the full value of ticket sales owed to foreign airlines, totaling about $250 million, representing 58 percent of the total amount,...
Minister of Information and Culture, Alhaji Lai Mohammed has said that the Muhammadu Buhari led Federal Government is yet to decide on the sale of national...
The International Monetary Fund (IMF) has handed down harsher conditions for Nigeria to meet before being bailed out of its present economic recession. This was disclosed...
Former President Olusegun Obasanjo has said there was nothing wrong for Nigerian government to sell national assets at a time of recession like the present one...
Nigerian equities traded under a tight balance of bargain-hunting and profit-taking on Tuesday at the Nigerian Stock Exchange (NSE) as some investors sought to take profit...
A minister under President Muhammadu Buhari-led Federal Government has been accused of aiding MTN to repatriate $13.9 billion to its home country, South Africa. Senator Dino...
The inability of Nigerian airlines to access the $20bn syndicated loan by the African Export-Import Bank (Afreximbank ) for the industry in Africa has been attributed...
Nigerian equities reopened on Monday with a tinge of profit-taking trend that saw mot equities closing lower, but gains by some large-cap stocks buoyed the overall...
The African Development Bank, AfDB, has said it would advance $1 billion facility to the Federal Government as budget support to fund the 2016 federal budget....
What looks like a policy reversal has taken place in the Lagos State education system as public school administrators have been permitted to bill parents and...
Despite the economic downturn caused largely by fallen prices of oil in the international market, President Muhammadu Buhari says Nigeria will fulfill its obligations to the...
The conflicting statements from the Minister of Finance, Mrs. Kemi Adeosun, and CBN Governor, Godwin Emefiele, on how an end Nigeria’s economic recession has led the...
Mrs Kemi Adeosun, Minister of Finance, has said that recession may take longer than Nigerians would like and she cannot predict when it will be over....
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has vowed it would shut down the country if the Federal Government goes ahead to...
Member-countries of the Organisation of Petroleum Exporting Countries (OPEC) suffered 4 percent loss in price of crude oil at the weekend following heightened disagreement between two major producing countries and arch rivals: Saudi Arabia and Iran. Foreign news cable said the two...
Nigerian equities rode against the generally negative trend that stretched through most major African equities market last week to post net capital gain of N133 billion...
The Federal Government has finally nailed the fate of national assets in the country, as it said on Saturday that proceeds from their sale would be...
Failure of Nigeria to attend the just concluded wind energy technology workshop may deny it joining the league of countries already benefitting from use of the...
Noticeable tension has gripped officials of the ministries, NNPC and its subsidiaries following the move by the Nigeria House of Representatives to commence probe into an...
Oil prices rebound over the week at the International market as hope was rekindled that the planned meeting of the major crude producers will help control...
Senator Shehu Sani from Kaduna State has said those calling for sale of national assets want to kill and bury Nigeria. According to him, it...
State governors have approved the sale of national assets as proposed by the economic management team to steer the nation out of economic recession. The idea...
Losses recorded by high-cap stocks in the industrial goods, banking and breweries sectors on Thursday halted the modest rally at the Nigerian stock market. Aggregate market...
The Debt Management Office (DMO) on Wednesday revealed that of the 36 states in Nigeria, Lagos, Kaduna, Edo had accumulated 50.5 per cent of the total...
Recent calls for the sale of national assets to cushion the effects of the current economic recession in the country have drawn the wrath of the...
Despite government overtures for all stakeholders to allow it concession the six major airports in Nigeria, pensioners of the Federal Airports Authority of Nigeria (FAAN) have...
The Emir of Kano, Muhammadu Sanusi, has blamed various inconsistent policies of governments as the root cause of most of the religious and social crises bedeviling...
Organised Labour has described the call for the sale of national assets as a plan by a few economic cannibals and Buccaneers to hijack “our national...
Wema Bank Plc conclusively closed the transaction for the sale of its 75 per cent majority equity stake in Great Nigeria Insurance (GNI) Plc to relatively...
Nigerian equities sustained a modest rally on Wednesday as improved investors’ appetite for oil and gas stocks spurred the market to a second consecutive positive session....
The Minister of Finance, Mrs. Kemi Adeosun, has disclosed that a total sum of N510.2 billion was approved by the Federation Account Allocation Committee (FAAC) for...
Until government finds a lasting solution to abuse in the foreign exchange market, the more than 35 per cent widening gap between the interbank market (official...
Hopes that Nigeria’s economy may be receiving the right treatment for its multifaceted ills were Wednesday queried by a top Central Bank of Nigeria (CBN) official,...
Brewing giant, Guinness Nigeria Plc recorded a net loss of N2.02 billion in the immediate past year, its first loss over three decades. The audited report...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), which has just concluded its two-day meeting today, voted to retain the benchmark interest...
The real sector, represented by the Manufacturers Association of Nigeria (MAN), has stoutly stood against the current efforts aimed at renewing the ECOWAS/EU Economic Partnership Agreement...
There were strong indications as schools resumed academic activities on Monday that private schools in Nigeria have been hit by the economic rescission. They recorded low...
Former Governor of Ebonyi State, Senator Sam Egwu has said that the current economic recession in the country was caused by the recklessness of past leaders...
Despite the assurance by the CBN Governor, Godwin Emefiele, that Nigeria’s economic woes were getting over, a global rating agency, Standard and Poor (S&P.), at the weekend downgraded the country into what it termed “junk...
Oando Plc has reached definitive agreement to sell 49 per cent equity stake in its gas subsidiary, Oando Gas and Power (OGP) Limited for $115.8 million,...
A renowned economist, Prof. Pat Utomi says that the recession the nation has found itself was caused by bad policies of government, and not the drop...
The liquidity of the Nigerian banking system declined and activities at the fixed income and foreign exchange markets slowed down considerably as the financial system continues...
The Nigerian economy has been hit by dwindling fortunes losing not less than $2.24bn in foreign direct investment (FDI), the worst in its history, according to findings by economists. According to them, between July...
Passengers traveling by road to various cities in the country have been told to brace up for an increase in fares effective September 19, 2016. The...
Nigeria is among the five member-states of ECOWAS yet to tap from the $2.25 billion internationally backed environmental programme: the Green Climate Fund (GCF), according to...
