The latest report of the National Bureau of Statistics, NBS, has shown that Lagos State is the highest in the list of states with external debts...
The presidency has fully acknowledged that the Nigerian economy is in shambles, but is also optimistic that it can be fixed. The Presidency however warned that...
The Federal Government has intervened in the plight of workers of Aero Contractors who were sent home by the airline on indefinite leave. Minister of State...
The African development Bank (AfDB) is to spend $12 billion in budget support for infrastructure projects on energy in some African countries, including Nigeria in the...
The Peoples Democratic Party (PDP), has refused to be cowed on its position that President Muhammadu Buhari is incompetent and cannot pull Nigeria out of the...
Nigerian equities sustained the third consecutive uptrend on Thursday as increased investors’ appetite pushed the market to its best performance in more than two months. ...
Governor of Jigawa state, Abubakar Badaru has absolved former President Olusegun Obasanjo of any blame over the economic recession that has hit Nigeria. He however declared...
About twenty four hours after a major airline company in Nigeria, Aero Contractors suspended its operations, another one has followed suit. The Nigerian Civil Aviation Authority...
The only means of early revival of the present economic crisis is for Nigeria to deliberately devote the two special banks: Bank of Industry, (BoI) and...
The governor of Abia state, Dr Okezie Ikpeazu has appealed to British companies and investors to come and invest in his state. He spoke when he...
Nigerian equities continued on the upswing on Wednesday as investors appeared to ignore negative national economic data to continue their bargain-hunting. The twin benchmark indices at...
The Minister of Finance, Kemi Adeosun, has voiced what may be the official position of the Federal Government over the current economic crisis the nation is...
The Central Bank of Nigeria, CBN, has lifted the ban placed on banks suspended from dealing in foreign exchange. The lift of the ban was announced...
With effect from tomorrow (Thursday) all staff of Aero Contractors will precede on compulsory leave as the airline has announced a suspension of its scheduled operational...
Nigeria’s annual inflation rate has maintained its upward rise hitting 17.1 per cent from 16.5 per cent recorded in June, without any sign of improvement in...
There seems to be a growing rift between Nigeria and the other 14 members of the Economic Community of West African States (ECOWAS). The bone of...
The international oil market witnessed a slight price increase of 1.3 per cent Monday at the news that the militant group Niger Delta Avengers (NDA) announced...
Nigerians hoping to build houses in the near future and those in the construction industry have to now reconsider their plans in terms of cost. This...
Nigerian equities regained the uptrend on Tuesday, riding on the back of gains by large-cap stocks to reverse the losses that started the week. Key...
There seems no end to the confusion trailing the alleged sum of N40.081 billion owed the various government agencies by airline operators in Nigeria. The debate,...
Activities at the Nigerian stock market were slowed down considerably on Monday as initial technical hitch delayed trading at the Nigerian Stock Exchange (NSE). Turnover at...
The Nigerian economy seems still in the low as its Central Bank Economic Report for the Second Quarter 2016 indicates a budget deficit of well over...
Yet again, Nigeria was missing from major programmes by member-countries of the oil cartel, the Organization of Petroleum Exporting Countries (OPEC). This may be attributable...
Even as the nation grapples with scarce foreign currency, especially the dollar, it still spends $6 billon and $5 billion, on importation of wheat and flour...
President Muhammadu Buhari has said his administration targets putting Nigeria in the top 100 countries in the world in the ease of doing business ranking...
Nigerian equities lost N68 billion amidst a global selloff in equities that saw most emerging markets and key advanced economies with comparatively higher losses. In a...
There are fears that 25 per cent of licensed telecommunication firms in Nigeria may soon shut down, due to the proposed introduction of communications service tax. A private-member Bill, titled ‘Communication Service Tax...
Uneasy calm gripped officials of the Nigeria Civil Aviation Authority (NCAA), at the weekend, over the resurrection of an alleged diversion of about $100 million Bilateral...
Two conditions that can save Nigeria from experiencing collapse of factories and having dried goods on the shelves are for the Federal Government to reduce interest...
After an improved earning from the Federation Account in June, the July allocation to the three tiers of government for July dropped from N559.032 to N443.663....
The reality of the economic crisis in the country have become more glaring, as about 3000 jobs have reportedly been lost in the maritime sector in...
The non-performing loans (NPLs) in Nigerian banks rose from 68 per cent in 2015, to 78 per cent in May 2016. According to the Central Bank...
Nigeria’s snacks industry has attracted the interest of a private equity firm founded by Sir Bob Geldof in a boost for Africa’s biggest economy, reports FT....
The suspension of nine commercial banks from participating in Nigerian foreign exchange market has resulted in investors selling off their shares in panic at reduced values...
The Federal Executive Council, FEC, has pegged $42.5 benchmark for oil for the 2017 budget as it approves a two year Medium Term Expenditure Framework, MTEF....
Equities regained the uptrend on Wednesday as highly capitalised stocks broke a tight market to return the overall market position to the upside with a gain...
The Central Bank of Nigeria (CBN) has readmitted United Bank for Africa (UBA) Plc into the foreign exchange (forex) market after the commercial bank hurriedly remitted...
President Muhammadu Buhari has approved the appointed of Dr. Ezekiel Oseni as the acting Managing Director of the National Economic Reconstruction Fund, NERFUND. Oseni’s appointment was...
A major private equity investment firm, in the Standard Chartered Bank, Standard Chartered African Fund (SCAF), has begun shedding load following the economic down turn in...
A sharp decline in the share price of Dangote Cement Plc, Nigeria’s most capitalised quoted company, overshadowed the market situation at the Nigerian stock market, changing...
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC), is planning to set up a special treasury to hold unclaimed dividends that have remained unclaimed...
Workers under the aegis of the National Union of Air Transport Employees, NUATE, have threatened to shut down major airports in the country if the Federal...
The Central Bank of Nigeria (CBN) has brought down the hammer on nine banks for flouting extant financial regulations. The apex bank has banned them from taking...
Nigerian equities continued on the upswing with a gain of N56 billion on Monday, sustaining a rally that had seen quoted equities gaining N138 billion last...
The reported request of President Muhammadu Buhari for emergency powers over the economy has received the backing of the Organised Private Sector (OPS). The backing came...
The Central Bank of Nigeria, CBN, Monday, continued to tinker with its Foreign Exchange, forex, policy, as it ordered banks in the country to sell 60%...
Nigeria is on the verge of losing about $25.5 million of its direct foreign investment (DFI) as soon as the ongoing amendment of the Nigeria Liquefied...
For the third consecutive weekends, Nigeria’s overnight interbank lending rate has maintained a steady rise, hitting above two-digit percentage rise. The rate in the months of...
The Muhammadu Buhari administration is obviously disturbed by the nation’s dwindling economy, and the criticisms it has attracted. The president, in efforts to tackle the situation...
Wema Bank Plc has sold its majority equity stake of 75 per cent in the 56 years old Great Nigeria Insurance (GNI) Plc to Insurance Resourcery and Consultancy...
