The Federal Government has deployed troops to protect oil pipelines that criss-cross the oil-rich Niger Delta area from vandals who according to estimates sets the country...
The Islamic Development Bank (IDB), Tuesday, painted a grim picture of the Nigerian economy, disclosing that the country uses about 75% of its revenue to service...
The board of directors of United Bank for Africa (UBA) Plc on Tuesday met and appointed Mr. Kennedy Uzoka as the new group managing director with...
Shareholders of Dangote Cement Plc would receive a total of N136.3 billion as cash dividends for the business year ended December 31, 2015. The board of...
Nigerian equities sustained their upswing yesterday as announcement of dividend of N136.3 billion by Dangote Cement Plc roused the Nigerian stock market to another positive closing....
The Securities and Exchange Commission (SEC) can hardly fulfil its financial obligations as it generates barely 50% of what covers its running cost, the Director General...
Nigerians spend about $2 billion annually on education abroad, Chairman, Senate Committee on Tertiary Education and TETFund, Senator Binta Garba has said. The money, she disclosed,...
Against the backdrop of reservations from the Academic Staff Union of Universities (ASUU), plus other government agencies and parastatals hoping to get exemption from Treasury Single...
Nigerian equities staged a major rally on Monday as the decision by the board of Dangote Cement Plc, Nigeria’s largest quoted company; to distribute dividends to...
Nigeria needs over 50,000MW of power to effectively develop its economy, the Permanent Secretary, Federal Ministry of Petroleum Resources, Dr. Jamila Shu’ara, has said. Shu’ara gave...
Nigerian equities traded last week within the topsy-turvy mix of profit-taking and bargain-hunting trading as concerns over macroeconomic position weighed in on expected increase in the...
The fall in oil prices may have far worse consequences than most Nigerians envisaged, as Indigenous Oil Companies (OICs) that acquired the divested interests of Shell,...
Of the over 97 Standing Committees of the House of Representatives 60 have since submitted their 2016 budget report, the Chairman, House Committee on Appropriation Abdulmunin...
The Nigerian Communications Commission, NCC, has fined MTN Nigeria and Globacom Ltd a total of N34 million for breach of the Mobile Number Portability business rules...
In continuation of President Muhammadu Buhari’s state visit to Qatar, Nigeria has signed a Bilataral Air Services Agreement, BASA, with the State of Qatar on Sunday...
Still battling with the reality of falling oil prices, President Muhammadu Buhari on Sunday in Doha, called on member states of the Organisation of Petroleum Exporting...
Vice President, Prof. Yemi Osinbajo and a former Governor of the Central Bank of Nigeria, Mr. Joseph Sanusi on Saturday expressed divergent views over whether or...
Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, at the weekend, reshuffled some of his directors, in what observers say is in response top the...
In its efforts to turn Nigeria into an industrial giant, the Federal Government has called on the Organised Private Sector to proffer new ideas that would...
In efforts to dispel stories making the rounds that the Muhammadu Buhari-led administration does not have an economic team in place, and that it has no...
The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, branch of the Petroleum Products Pricing Regulatory Agency, PPPRA, Friday, said the Federal Government has...
The bid by Etisalat Nigeria Limited to reverse the acquisition of Visafone’s 800megahertz (MHZ) spectrum by MTN Nigeria has hit a brick wall, as Justice Ibrahim...
Nigerian equities rode on the back of renewed bargain-hunting on Thursday to halt consecutive days of declines as investors sought to take advantage of low prices...
Thanks to the checks and balances being put in place by the current administration, there may be no more room for pilfering of public funds as...
President Muhammadu Buhari Thursday in Mecca welcomed an offer by the Islamic Development Bank (IDB) to organize a financing roundtable in Abuja to mobilize more funds...
In its quest to address inconsistencies and alleged padding discovered by various standing Committees during interface with the Ministers and Heads of Departments and Agencies, the...
PAN Nigeria Limited is the leading manufacturer of automobiles in Nigeria, assembling Peugeot vehicles at its head office located in Kaduna. It also has liaison offices...
In from Ripples Nigeria . . . The management of FBN Holdings Plc, the holding company for First Bank of Nigeria and its former subsidiaries, has...
A massive sell off in the banking sector weighed down the performance of the Nigerian stock market on Wednesday as investors reacted sharply to profit warning...
The controversies trailing the implementation of the Treasury Single Account, TSA, came to a head on Wednesday, as the Senate directed the Central Bank of Nigeria...
In what may appear as a dramatic turn around in the fortune of the naira, the Nigerian currency rallied strongly against the United States dollar on...
The lower legislative chambers on Wednesday asked its committee on Petroleum (Upstream ) and Public Procurement to investigate alleged $260 million illegal contracts by National Petroleum...
Alarm bells appear to be ringing continuously for countries which have oil as the main stay of their economy. Leaders of thought believe that the coming...
In the face of dwindling capacity to meet local and international obligations, the Buhari-led administration is reported to have reached out to China for a $2...
The protracted case between MTN Nigeria and the Nigeria Communication Commission (NCC) may have come to an end as the telecoms company on Wednesday formally announced...
The downtrend that opened the Nigerian stock market this week worsened on Tuesday as investors dumped shares in several highly capitalised banking, manufacturing and oil and...
In from Ripples Nigeria . . . . Like scavengers out to make a kill, forex vendors from neigbouring countries of Benin Republic, Niger, Chad, Sudan,...
Chief Executive Officer of the Nigerian Stock Exchange (NSE) Mr Oscar Onyema will remain at the organisation for another five years as his contract has been...
The Central Bank of Nigeria (CBN) said it had distributed N14.7 trillion total credit to the economy as at June 30th, 2015. Out of this amount,...
The Trade Union Congress (TUC) says the electricity distribution companies (DISCOs) are exploiting Nigerians and profitering by fraud. TUC President, Mr Bobboi Kaigama who led a...
The Shell Petroleum Development Company of Nigeria Limited (SPDC) on Monday declared force majeure on Forcados liftings effective 1500hrs (Nigerian time) February 21, 2016, following the...
Alhaji Aliko Dangote has finally succeeded in his bid to repurchase the majority equity stake in the former Dangote Flour Mills Plc, now rebranded Tiger Branded...
In spite of the fact that a Federal High Court in Lagos, refused an application by the Nigerian Electricity Regulatory Commission, NERC, seeking to stay further...
The fate of the naira no doubt hangs on the balance, what with the unprecedented fall of the local currency, which exchanged for N400 to the...
The current fall in the prices of oil in the international market is expected to persist into year 2017, despite current efforts by President Muhammadu Buhari...
A new twist has been added to the ongoing controversies over the Malabu oil deal scandal, as the immediate past Attorney General of the Federation, Mohammed...
Nigerian equities came under intense selling pressure last week as investors sought to take profit on previous week’s rally. Most Nigerian equities were stunted and there...
President Muhammadu Buhari has reiterated his stand on the idea of officially devaluing the naira and ‘throw it to the dogs’ as it were, for market...
The Central Bank of Nigeria (CBN) is set to investigate over 6000 complaints relating to unauthorised bank charges brought to its notice, following which banks have...
The Central Bank of Nigeria (CBN) at the weekend said it has not stopped the allocation and sale of Foreign Exchange for purposes of paying school...
