The Commerce Africa

Flooding: FCTA Demolishes 30 Buildings at Trademore Estate

To mitigate flooding, the Federal Capital Territory Administration (FCTA) Thursday removed over 30 h…
Only a leader with a touch of madness can fix Nigeria, says Obasanjo

Former President Olusegun Obasanjo, on Thursday, said Nigeria required a leader driven by passion an…
Lagos govt facilitates N1bn from Polaris Bank for artisans

The Lagos State Employment Trust Fund, in collaboration with Polaris Bank, has unveiled a N1 billion…
I ‘ve Been Tested And Trusted To Take Over From Buhari—Amaechi

The former Minister of Transportation, Rotimi Amaechi, on Thursday, said he had been tested, trusted…
Cancel planned crusade in South-East, IPOB warns Kumuyi

The Indigenous People of Biafra has advised the General Overseer of the Deeper Life Bible Church, Pa…
$200bn investments needed to access clean cooking gas by 2030-Sylva

With the global energy transition chants reaching a crescendo, the Minister of State, Petroleum Reso…
Soludo presents 2022 revised budget to Anambra Assembly

Anambra State Governor Prof Chukwuma Soludo on Thursday presented the revised edition of the state’s…
Buhari embarks on condolence visit to new UAE President

President Muhammadu Buhari on Thursday, would be embarking on a condolence visit to the new Presiden…
WHO approves China’s COVID-19 vaccine

The World Health Organisation on Thursday authorised the use of Chinese manufacturer’s CanSinoBIO’s …
Sanwo-Olu, Others Seek Increase in Investment to Bridge Nigeria’s $11trn Infrastructure Gap

For Nigeria to close the infrastructure gap in the critical sectors of the economy, about $11 trilli…
Benue police arraign 20 suspected cultists

Twenty suspected cult members arrested by the Benue State Police Command have been charged to court.…
FCT minister suspends inauguration of council chairmen, councillors

The Minister of the Federal Capital Territory, Muhammad Bello, has suspended the planned inauguratio…
ASUU Strike: NANS threatens shut down of all international airports

he National Association Of Nigerian Students alongside the National Association of University Studen…
APC fixes new dates for presidential primary, others

he All Progressives Congress has fixed a new date for its presidential and all other primaries. This…
Finance Minister Suspends Accountant General Over N80bn Fraud, Postpone FAAC

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has suspended the Accountan…
WACMAC Conference to Focus on Effective Regulation–SEC

The West Africa Securities Regulators Association (WASRA) will hold its biennial West Afr…
Tension as shop owners, Okada riders clash in Abuja

There is tension in the Dei Dei area of the Federal Capital Territory over the death of a yet-to-be-…
College Of Insurance Supervisors To Develop Risk Based Supervision Framework For West African Countries

\ The Chairman of West African Insurance Supervisors Association, Mr Sunday Thomas, has highlighted …
Buhari to determine returning ministers’ fate, says Lai Mohammed

There is uncertainty over the status of some members of the President’s cabinet who shelved their po…
Sanwo-Olu bans Okada in Apapa, Ikeja, Lagos Island, three others

The Lagos State Governor, Babajide Sanwo-Olu, has banned the operations of commercial motorcycles po…
ABCON Calls for Creation of BDCs’ Autonomous FX Trading Window

The President, of the Association of Bureaux De Change Operators of Nigeria (ABCON) Mr. Am…
Protest, gunshots rock Rivers APC secretariat over screening

Gunshots amid protests on Wednesday morning rocked the All Progressives Congress secretariat along W…
BREAKING: Court dismisses Nnamdi Kanu’s bail plea

A Federal High Court, Abuja, on Wednesday, refused to admit the leader of the proscribed Indigenous …
FG fails to allocate over 1,300mw, blackout looms

Over 1000megawatts of electricity are currently not allocated to power distribution companies (DisCo…
NDLEA arrests wanted drug baroness, seals mansion, drug bunks in Delta

The National Drug Law Enforcement Agency(NDLEA) has won a major breakthrough in the war against illi…
Airtel To Finance Service Bank Deployment From $755m Profit

Airtel Africa will spend part of the $755m profit reported for the 2022 fiscal year to fund the Paym…
No Twitter deal without clarity on spam accounts–Eleon Musk

Billionaire Elon Musk said Tuesday that his purchase of Twitter would not go ahead unless he was giv…
Police confirm four dead in Kano gas explosion

The Kano State Commissioner of Police, Sama’ila Dikko, has clarified that gas and not a bomb explode…
Gunmen plans to attack nine local govts in Anambra

Gunmen have written letters to nine local government areas in Anambra State to be attacked soon. The…
Group urges NASS, MDAs, others to partner FG in protecting FDI

The Nigeria Economic Zones Association (NEZA), an umbrella body of Free Trade Zones operators and en…
Adesina: Why I won’t contest for Nigeria’s presidency

The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has turned down the reque…
Police commission promotes ex-EFCC boss Magu to AIG

The suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, has bee…
EFCC Arrests Ahmed, Accountant General Of The Federation For Alleged N80bn Scam

Operatives of the Economic and Financial Crimes Commission, (EFCC) on Monday, arrested serving Accou…
Petroleum minister Sylva withdraws from presidential race

Minister of State for Petroleum, Chief Timipre Sylva, has withdrawn from the presidential race in th…
Why I’m withdrawing from senatorial race -Women affairs minister

Nigeria’s Minister of Women Affairs, Pauline Tallen, has explained why she rescinded her ambition to…
Electoral Act: Supreme Court hears Buhari, Malami’s suit Thursday -Report

A suit by President Muhammadu Buhari, and the Attorney General of the Federation and Minister of Jus…
Blasphemy: I’ve read Qur’an, no where justifies killings -Tunde Bakare

The Serving Overseer of the Citadel Global Community Church, Pastor Tunde Bakare, has condemned the …
Fuel scarcity: Airline operators announce flight disruption, cancellation

The Airline Operators of Nigeria have announced plans to disrupt scheduled flight operations over th…
NGX Joins African Exchanges to Facilitate Cross-border Trading Platform

The Nigerian Exchange Limited (NGX) joined other African Exchanges in facilitating cross-border trad…
Nigeria’s Inflation Rises To 16.82% In April

Nigeria’s inflation has worsened to 16.82 per cent in April, up from the 15.92 per cent recorded in …
Nigeria, 13 Other Countries Compete In Trade Promotion Award

The Nigerian Export Promotion Council (NEPC) has been nominated alongside 13 other Trade Promotion O…
Nigeria’s Banking sector still strong, resilient, says CBN

The Nigerian banking sector remained resilient in February, according to a report released by t…
SERAP sues Buhari over N1.48tn spent for refineries’ maintenance

Socio-Economic Rights and Accountability Project has filed a lawsuit against the President Muhammadu…
Nnamdi Kanu sad over killing of innocent citizens -Soludo

Governor of Anambra State, Chukwuma Soludo, has visited the detained leader of the Indigenous People…
NDLEA seizes 203,879 Tramadol Tabs in 4 States

Operatives of the National Drug Law Enforcement Agency have foiled fresh bids by drug cartels to exp…
NEPC To Pay 285 Firms N375bn Export Expansion Grant Debt

The Federal Executive Council chaired by President Muhammadu Buhari has approved the payment of N375…
Beware, Hackers Can Steal Your Car Through Remote Control, NCC Warns

Hackers have now found a means to compromise the security of vehicles by unlocking and starting thei…
CAMA Transitioning Will Position NNPC To Boost Profitability—Kyari

The Group Managing Director of the Nigerian National Petroleum Company Ltd, Mr. Mele Kyari has said …
DBN Guarantees 11,000 Loans Worth N91bn Through Impact Credit Guarantee

The Managing Director of Development Bank of Nigeria, Tony Okpanachi, has said that the bank has all…
Ngige bows to pressure, pulls out of presidential race

The minister of Labour and Employment, Chris Ngige, has pulled out of the 2023 presidential race to …
UAE President Dies, Govt Declares 40 Days Mourning

UAE’s long-ailing President and ruler of Abu Dhabi Sheikh Khalifa bin Zayed Al Nahyan passed a…
Police Arrest Suspects Linked To Gruesome Killing Of Corps Member

Three suspects alleged to have been involved in the gruesome killing of 26-year-old Stephenie Terung…
Afreximbank appoints new Chief Executive Officer and Chief Investment Officer for FEDA

African Export-Import Bank (Afreximbank) has announced the appointment of Ms. Marlene Ngoyi as the …
Inflation May Hit 16.84% In May, Says CBN

Nigerians are in for a very difficult time following a forecast by the Central Bank of Nig…
Air Force seeks more time to end insecurity in Nigeria

The Nigerian Air Force has vowed to end insecurity in the country, urging Nigerians to be patient wi…
Deal to buy Twitter on hold, says Elon Musk

Elon Musk said on Friday he was putting a temporary halt on his much-anticipated deal to buy Twitter…
Buhari to replace Amaechi, Malami, Akpabio, others soon

President Muhammadu Buhari will replace the 10 members of his cabinet who have resigned from their p…
Jonathan charges African leaders on rule of law, rebuilding of public trust

Former President Dr. Goodluck Jonathan has urged African leaders to prioritise the rule of law, rebu…
Presidential Bid: I’m having fun, says Emefiele after meeting Buhari

The Central Bank Governor, Mr Godwin Emefiele, said his fate is still being decided as regards the c…
We may relocate sensitive materials from CBN, says INEC

he Independent National Electoral Commission on Thursday said it would employ both the manual and el…
Fuel Scarcity:NMDPRA Pays Over N58bn Bridging Cost Claims To Oil Marketers

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said it has paid over …
Jonathan not yet our member, says Bayelsa APC chairman

The Bayelsa State chairman of the All Progressives Congress, Dennis Otiotio, has said that the forme…
Buhari Begs ASUU To Call Off Strike

President Muhammadu Buhari on Thursday appealed to the Academic Staff Union of Universities to consi…
BoI MD Seeks More Funding For Agric, Infrastructure Development

The Chairman of the Association of Nigerian Development Finance Institution, Mr Olukayode Pitan has …
FEC approves procurement of 52 operational vehicles for Civil Defence

The Federal Executive Council (FEC) at its weekly meeting Wednesday approved for the Nigeria Securit…
BREAKING: Akpabio Resigns As Niger Delta Affairs Minister To Pursue Presidential Ambition

Niger Delta Affairs Minister Senator Godswill Akpabio has resigned in line with President Muhammadu …
NJC Moves To Check Conflicting Orders, Judgments, Issues New Policy

The National Judicial Council has issued policy directions on political and election-related cases t…
We Cant Extend Deadline Of Primaries, Says INEC

The Independent National Electoral Commission would continue to reject requests by political parties…
Abducted Kaduna Catholic priest dies in kidnappers’ den

Reverend Father Joseph Akete of the St. John Catholic Church, Kudenda in Chikun Local Government Are…
Ex-President Jonathan appointed to board of European Council on Africa and Middle East

Former President Dr. Goodluck Ebele Jonathan has been appointed to the international advisory board …
Electoral Act: Appeal Court sets aside judgment voiding Section 84(12)

The Abuja Division of the Court of Appeal on Wednesday set aside the judgment of Justice Evelyn Anya…
Nigeria, 10 ECOWAS countries in debt distress – Report

A new report by the Nigerian Economic Summit Group and the Open Society Initiative for West Africa h…
ASUP declares two-week strike

The Academic Staff Union of Polytechnics has said it will commence a two-week strike from May 16, 20…
Concession Of Calabar, Kano FTZs Remains FG’s Economic Solution To Industrialization— NEPZA

The Managing Director of the Nigeria Export Processing Zones Authority, Prof. Adesoji Adesugba, has …
Tinubu to personally submit presidential form, says aide

Former Lagos State governor, Bola Tinubu, will personally submit his presidential nomination and exp…
Buhari orders Ngige, Sylva, other ministers with political ambitions to resign

President Muhammadu Buhari (retd.), has ordered all members of his cabinet and appointees vying for …
We Are Not Conducting Any Recruitment–CAC

The Corporate Affairs Commission (CAC), has advised members of the public to disregard a fake recrui…
NADDC floats N200bn vehicle loan scheme – Jelani

The National Automotive Design and Development Council (NADDC) has initiated a N200 billion vehicle …
Senate amends Electoral Act to accommodate ‘Statutory Delegates’ at party congresses, primaries

The Senate, on Tuesday, amended the Electoral Act, 2022, to allow ‘statutory delegates’ – all those …
Nigerian Breweries Shareholders Approve N12.92bn Dividends Payout

Shareholders of Nigerian Breweries Plc, have unanimously approved the dividend payout of a total sum…
Aviation fuel: NNPC, airlines agree on three-month supply at N480/litre

The House of Representatives on Monday held a stakeholders meeting to resolve the crisis trailing th…
SSANU, NASU to present new payment platform to FG today

The Joint Action Committee of the Non Academic Staff Union of educational and associated institution…
Prepare for worst fuel scarcity, petrol marketers alert Nigerians

The Independent Petroleum Marketers Association of Nigeria has asked Nigerians to prepare for the wo…
2023: We’re open to receiving Jonathan – Bayelsa APC

The Chairman, Bayelsa State chapter of All Progressives Congress, Dr Dennis Otiotio, says former Pre…
FIRS Calls For Increased Collaboration Within African Countries To Effectively Tax Digital Businesses

The Federal Inland Revenue Service (FIRS) has stated that there is need for improved collaboration a…
AMCON Takes Over Assets Of Aeroland Travels Limited Over N1.8bn Debt

Sequel to the order of Honourable Justice D.E. Osiagor of the Federal High Court, Lagos Di…
Senate President Lawan picks APC presidential nomination form

Ahead of Tuesday’s deadline for the sale of nomination and expression of interest forms, there has b…
SEC Mulls Full Digital Capital Market

In a bid to fully digitalise operations of the Nigerian capital market, the Securities and Exchange …
Why My 30-Year-Old-Son Doesn’t Own Personal Car—Peter Obi

Former Anambra State governor and 2023 presidential aspirant, Peter Obi, has revealed that his 30-ye…
Sri Lanka PM resigns after violent protest

Sri Lankan Prime Minister Mahinda Rajapaksa resigned Monday after dozens of people were hospitalised…
Tunde Bakare officially declares for presidency, rolls out agenda

The Serving Overseer of the Citadel Global Community Church, Pastor Tunde Bakare, has officially dec…
JETA1: Airlines suspend flights shutdown, Reps to meet domestic operators

The Airline Operators of Nigeria, the umbrella body for domestic airlines, has cancelled its decisio…
ASUU extends strike by 12 weeks

The Academic Staff Union of Universities has rolled over its ongoing strike for another 12 weeks. A …
Presidential ticket: Court rejects Emefiele’s request to restrain INEC, AGF

A Federal High Court in Abuja has declined the request of the Governor of the Central Bank of Nigeri…
Buhari leaves Abuja to Abidjan for UN COP-15 Conference on Diversification

President Muhammadu Buhari is leading an eight-man Nigerian delegation to Abidjan, Cote d’Ivoire, to…
Insecurity: Sustain Offensive against Criminals in N’west Zone, Buhari Directs Military

President Muhammadu Buhari has directed the security agencies to sustain the current offensives agai…
Biden’s Wife Visit War-Torn Ukraine, Seeks End Of War

US First Lady Jill Biden made an unannounced visit to Ukraine on Sunday, her spokesman sai…
Aare Baasofin: We’ll go ahead with Gbajabiamila’s installation, says Oyomesi

The installation of the Speaker of the House of Representatives, Femi Gbajabiamila, as the Aare Baas…
NDLEA ARRESTS TWO PREGNANT WOMEN, BARBER FOR DRUG TRAFFICKING AT LAGOS AIRPORT

The National Drug Law Enforcement Agency, has apprehended two expectant mothers and one barber, over…
Osinbajo: New Nigeria Impossible without National Reawakening

The Vice President, Prof. Yemi Osinbajo yesterday noted that there should be an aggressive reawakeni…
Ninth National Assembly stands out in area of leguslation – Lawan

The President of the Senate, Ahmad Lawan has advanced reason to justify why the current National Ass…
No approval for new electricity tariff –NERC

The Chairman, Nigerian Electricity Regulatory Commission, Mr Sanusi Garba, has said the agency has n…
INEC chairman denies plan to contest presidency

Chairman of the Independent National Electoral Commission, Prof Yakubu Mahmood, has denied reports t…
2023: FG bars civil servants from partaking in primaries

The Federal Government has reiterated the prohibition on civil servants to partake in primary electi…
CBN Gov Emefiele picks N100m APC presidential form

Governor of the Central Bank of Nigeria, Godwin Emefiele, has picked the All Progressives Congress N…
Biden appoints first black White House press secretary

White House Press Secretary Jen Psaki (R) is hugged by current Principal Deputy Press Secretary Kari…
Allow court decide Nnamdi Kanu’s matter, Buhari replies South-East leaders

The President, Major General Muhammadu Buhari (retd.), has told South-East leaders that the court wi…
Osinbajo arrives in Anambra, meets APC stakeholders

Vice President Yemi Osinbajo has arrived in Anambra State for a meeting with the All Progressives Co…
Protesters storm APC secretariat, warn against Jonathan’s imposition

Protesters under the aegis of the Youth Wing of the All Progressives Congress on Thursday stormed th…
Binance commits $500m for Elon Musk’s Twitter takeover

The world’s largest cryptocurrency exchange, Binance, has committed $500m in financing to help Elon …
2023: BAKARE BUYS N100 Million APC PRESIDENTIAL NOMINATION FORM

The Serving Overseer of the Citadel Global Community Church, Nigeria, Tunde Bakare, has joined the l…
31 stocks drive investors’ gain by N262.8bn

Investors gained N262.8bn on Wednesday at the end of trading on the floor of the Nigerian Exchange L…
Elumelu wants $26trn private sector funds channeled into Africa’s infrastructure, entrepreneurship

Mr. Tony Elumelu, Africa’s top entrepreneur and philanthropist, has in sunny Los Angeles, United Sta…
AfCFTA: Local Content Drive Key to Deepening Sustainable Growth in Africa, Says Wabote

The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Mr. Simbi …
Customs orders probe into man’s death in accident involving patrol vehicle

The Katsina Area Command of the Nigeria Customs Service has begun an investigation into circumstance…
President Muhammadu Buhari arrives Enugu enroute Ebonyi State on a 2-Day Working visit

President Muhammadu Buhari on Thursday arrived Akanu Ibiam International Airport Enugu entoute Ebony…
Soludo declares emergency on infrastructure, insecurity in Anambra

The Anambra State Governor, Prof. Chukwuma Soludo, on Wednesday, declared a state of emergency on in…
Fayemi failed in Ekiti, not qualified for president – PDP

The Peoples Democratic Party in Ekiti State has described Governor Kayode Fayemi’s presidential decl…
Nigerians To Enjoy 5G From August 24 As NCC Issues Final Letter To MTN, Mafab

Nigerians will begins to enjoy the 5th Generation network by August as the Nigerian Communications C…
2023: Ayade asks appointees to resign, set to reshuffle cabinet

The Governor of Cross River State, Professor Ben Ayade, has directed his appointees seeking elective…
Power firms owe banks N861.14bn amid worsening electricity crisis

The debt owed to Nigerian banks by operators in the power sector rose by 12.83 per cent in one year …
EFCC probes AGF’s aides over ‘sale’ of presidential pardon

Attorney General of the Federation and Minister of Justice, Abubakar Malami Some aides to the Attorn…
2023: Why I want to be Nigeria’s president —Fayemi

Governor of Ekiti State, Kayode Fayemi, on Wednesday, formally declared his presidential ambition on…
I Will Move Nigeria From A Consuming To Producing Nation, Says Peter Obi

Former Governor of Anambra State and presidential hopeful, Peter Obi, has said Nigeria must transit …
World Press Day: Ortom, others commend journalists for promoting democracy

The Benue State Governor, Samuel Ortom, has, on Tuesday, commended the courage and resilience of Nig…
Overdue debt repayment weak in most states, DMO warns

The Director-General, Debt Management Office, Ms Patience Oniha, has said that many state government…
SIM-NIN Linkage Frustrating Terrorists Access to Telcos Services in North East – NCC

The Nigerian Communications Commission (NCC), has said that the ongoing implementation of the Nation…
2023 Election: Its Unfair Not To Zone Presidency To The South–Clark

The leader of the Pan Niger Delta Forum, Edwin Clark, has insisted that the next Nigerian president …
IGP upgrades police criminal database, orders special training for personnel

The Inspector-General of Police, IGP Usman Alkali Baba, has upgraded the Nigeria Police Crime and In…
Abba Kyari: NDLEA uncovers tramadol worth N22b imported by drug baron

The National Drug Law Enforcement Agency has said it uncovered how a suspected billionaire drug baro…
JUST IN: Fayemi joins APC presidential race, unfolds agenda Wednesday

Ekiti State Governor and Chairman, Nigeria Governors’ Forum, Kayode Fayemi will formally declare his…
Stock market extends weekly gain by N636bn

Investors gained N636bn at the end of trading on the floor of the Nigerian Exchange Limited last wee…
61% of Pension Fund invested in bonds, T-bills – Report

Total assets under the Contributory Pension Scheme rose by N460bn in three months to N13.88tn in Mar…
Nigeria’s inflation to hit 16.1% in 2022, says IMF

The International Monetary Fund has projected that Nigeria’s Consumer Price Index will hit 16.1 per …
Ebute Metta: Frequent building collapse embarassing, says Buhari

President Muhammadu Buhari on Monday, commiserated with families of those who died, sustained injuri…
BREAKING: FIFA fines Nigeria N63.9m over Abuja stadium violence

World football body, FIFA, on Monday fined Nigeria CHF150,000 (N63.9m) following violence that occur…
Osinbajo gets high presidential survey rating, Tinubu’s group disagrees

A nationwide survey carried out by the Intellectual Forum on Politics and Governance, has shown that…
EID-EL-FITR: IGP ORDERS ADEQUATE SECURITY, FELICITATES WITH MUSLIM FAITHFULS

The Inspector-General of Police, Usman Alkali Baba, on Sunday, ordered the deployment of Police inte…
In Sallah Message, Buhari Assures Military Of Adequate Funding To Fight Insecurity

President Muhammadu Buhari has appraised the security situation in the country, saying the battle ag…
Insecurity: Over 30 workers killed by Bandits in Kaduna, says NLC chairman

The Chairman of the Nigeria Labour Congress, Kaduna State Council, Ayuba Magaji, said, on Sunday, th…
Stop rehabilitating terrorists, CAN urges Buhari, felicitates Muslims

The Christian Association of Nigeria has asked the Federal Government to revisit the issue of rehabi…
PenCom Confirms N5bn Recapitalisation Of All PFAs In Nigeria

The National Pension Commission on Friday announced that as at 27 April 2022, all Pension Fund Admin…
May Day: NLC Seeks Security, Good Governance,

The Nigeria Labour Congress (NLC) has called for peace, stability, security and good governance as w…
LCCI Seeks NCC’s Partnership On Digital Infrastructure

The Lagos Chamber of Commerce and Industry (LCCI) is seeking the partnership of the Nigerian Communi…
OPEC Signs Deal to Fund Feasibility Study of $25bn Nigeria-Morocco Gas Pipeline

The Organisation of Petroleum Exporting Countries (OPEC) Fund has announced that it will contribute …
FG to establish 119 ranches in Benue, Taraba others

A total of 119 ranches are to be created under the National Livestock Transformation Plan in various…
EFCC declares 59 wanted over N435bn, $397m, €9.9m frauds

No fewer than 59 suspects are on the Wanted List of the Economic and Financial Crimes Commission for…
Police intercept 10 bags of drugs worth millions

The Lagos State Police Command has intercepted 10 bags of illicit drugs suspected to be Indian Hemp.…
ASUU strike: Presidential primaries can’t hold in Abuja, NANS declares

The National Association of Nigerian Students on Sunday declared that no political party will hold a…
Nigeria can earn over $800trn from gas reserves – FG

THE Federal Government said the value of Nigeria’s proven gas reserves of about 206.53 trillion cubi…
NEPC eyes West African market to drive Nigeria’s export earning

The Nigerian Export Promotion Council is targeting Ivory Coast to expand the country’s non-oil expor…
44,000 farmers benefit from CBN intervention scheme in Anambra

The Central Bank of Nigeria has disclosed that no fewer than 43,000 persons in Anambra State have so…
Airtel Receives Full Payment Service Bank Licence

Airtel Africa has become Nigeria’s second telecommunication company to receive final approval …
Zenith Bank Grows Profit To N67.99bn

Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2022, wit…
FG Targets Over $2bn Revenue From Compliance Certificates For Port Projects

In its statutory bid to regulate the advancement of infrastructural development of Nigeria through P…
Imo explosion: FG urges clampdown on illegal oil refineries

The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq…
Nigeria being repositioned as PPP knowledge base in Africa – ICRC

The Infrastructure Concession Regulatory Commission (ICRC) says that it is working very assiduously …
NAICOM To Construct Building For Insurance Department In Uni-Uyo

National Insurance Commission (NAICOM) has agreed to fund the construction of a building in the Univ…
Govt’ll boost local manufacturers’ access to equipment – Minister

The Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, has said that the government wi…
FG trains 177 youths in smartphone repairs with N5.9bn

The Federal Government, on Thursday, confirmed committing the sum of N5.9 billion on training, tooli…
Airfares record 28% increase in one year – NBS

AIR transportation fares rose by 28.26 per cent in one year, according to a new report by the Nation…
Telcos plan early deployment of 5G, target H2 2022

Nigerians may begin to enjoy 5G services soon as MTN Nigeria plans an early launch of the technology…
PENGASSAN moves to stop casualisation in oil industry

The Petroleum and Natural Gas Senior Staff Association of Nigeria says it will ensure that issues of…
Insecurity threatening Nigeria’s nationhood, says Gbajabiamila

The Speaker of the House of Representatives, Femi Gbajabiamila, has stated that the current security…
Buhari swears in four permanent secretaries approve postings

President Muhammadu Buhari has sworn-in four Permanent Secretaries. He swore them in before the comm…
AfDB Raises $540m for Nigeria’s Agro-industrial Processing Zones, Says Adesina

President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has disclosed that the bank w…
Sokoto Senator Danbaba defects from PDP to APC

Deputy Minority Whip of the Senate, Ibrahim Danbaba, has defected from the opposition Peoples Democr…
BREAKING: Sokoto State Deputy Gov, SSG, CoS, 11 commissioners Resign

The Sokoto State Governor Alhaji Aminu Tambuwal on Wednesday accepted the resignation of his Deputy,…
Confusion as thief carts away $75,000 at APC headquarters

There was a bit of confusion at the National Secretariat of the All Progressives Congress on Wednesd…
Terrorism Act: Senate prohibits ransom payment to kidnappers

The Senate has passed a bill seeking to amend the Terrorism (Prevention) Act, 2013, which will prohi…
FAAC SHARES N725.571 BILLION MARCH 2022 REVENUE TO FG, STATES AND LGCs

The Federation Account Allocation Committee (FAAC) has shared a total sum of N725.571 billion …
Alleged Assault, Misconduct: CCT Boss Fails in Bid to Stop Senate Probe

Justice Inyang Ekwo of the Federal High Court, Abuja, yesterday refused to stop the Senate from inve…
N100m form: APC raising funds to prosecute court cases, others –Okorocha

A former Governor of Imo State, Senator Rochas Okorocha, has said the All Progressives Congress jack…
Elon Musk: US Progressive Twitter accounts lose followers, conservatives gain

Key figures on the American left, Barack Obama among them, have shed thousands of followers since El…
Zenith Bank clinches Global Finance’s best bank award

Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Magazine’s Best Banks …
Nigeria, UK Affirm Commitment To Strengthen Bilateral Trade Relations

Nigeria and the United Kingdom have affirmed their commitment to removing barriers to bilateral trad…
N69.4bn Debt: Court Of Appeal Orders Stay Of Contempt Proceedings Initiated By Jimoh Ibrahim Against AMCON

The Court of Appeal sitting in Abuja in Appeal No. CA/ABJ/CV/269/2022 in the case between the Asset …
Adesina Meets Buhari, Reveals AfDB’s Plans $1.5bn Africa Emergency Food Plan

The President of the African Development Bank, Dr Akiwumi Adesina, has revealed that the bank has de…
NEPC’s N50bn Export Development Fund to facilitate growth of businesses- Osibanjo

The Vice President, Prof. Yemi Osibanjo has disclosed that the N50 billion Export Development Fund u…
Two Million MSMEs Collapsed In Four Years – SMEDAN

The number of micro, small and medium enterprises across the country dropped by about two million be…
Over $10bn food production at risk in Nigeria, others –AfDB

e African Development Bank Group President, Dr Akinwumi Adesina, says a fertiliser crisis triggered …
FG shortlists bidders for 12 highways in Lagos, Kano, others

The Federal Government has announced that it had identified preferred/reserved bidders for 12 federa…
Economic recovery: World Bank earmarks $170bn lifeline for Nigeria, others

The President of the World Bank Group, David Malpass, has said the bank is working on a crisis respo…
Nigeria, Others Cant Access N100bn UN climate fund – NiMet

The Nigerian Meteorological Agency has decried the inability of Nigeria and other African countries …
Twitter: Musk promises free speech after $44bn purchase

Elon Musk has agreed a deal to buy Twitter for about $44bn. This was confirmed on Monday after Twitt…
FG to take 35 million people out of poverty by 2025

The Minister of State, Finance, Budget and National Planning, Clem Agba, on Monday, said the Federal…
BREAKING: Elon Musk buys Twitter for $44bn

Twitter on Monday confirmed it is selling the platform to billionaire entrepreneur Elon Musk in a de…
2023: It’ll amount to injustice if I refuse to serve Nigeria –Osinbajo

The Vice President, Prof. Yemi Osinbajo on Monday visited the Ondo State Governor, Rotimi Akeredolu,…
Nigeria to commence production of local bitumen

The Minister of Mines and Steel Development Olamilekan Adegbite has said that the cost of road cons…
BoI, UNIDO Partners to Boost Industrial Energy Efficiency

The Bank of Industry (BOI) and the United Nations Industrial Development Organisation (UNIDO) have p…
MTN Nigeria Signs Historical N127bn Series 1 & 2 CP Issuance

MTN Nigeria Communications Plc, yesterday made history with the signing of a whooping N127 …
NGF Blames Economic Woes On Worsening Insecurity, Currency Depreciation

There is no denying the fact that Nigeria’s worsening security situation and currency depreciation a…
AfDB predicts energy, food price hikes in Nigeria, others

The President, of the African Development Bank Group, Dr Akinwumi Adesina, has said that the costs o…
FAAN to introduce ‘park and pay’ at Abuja airport

The Federal Airports Authority of Nigeria is getting set to introduce the park and pay scheme at the…
Discos reject 2,495.3MW in one week – Report

A total of 2,495.3 megawatts of electricity was not utilised nor distributed by power distribution c…
NCC, Stakeholders Brainstorm on Blockchain’s Benefits to Economy

The Nigerian Communications Commission (NCC), stakeholders in the academia, the public sector and en…
Government borrowing sustainable, says DMO boss

Contrary to the anguish being expressed in some quarters over the country’s rising debt stocks, the …
Buhari Orders Security Agencies to Intensify Clampdown on Illegal Refineries

President Muhammadu Buhari Sunday directed the nation’s armed forces, security and intelligence agen…
Nigeria’s crude oil production rigs drop by 37.5%, says OPEC

The number of functional crude oil production rigs in Nigeria decreased by 37.5 per cent to jus…
Limited funding hinders anti-corruption fight at ports, says ICPC

The Independent Corrupt Practices and Other Related Offences Commission has blamed limited funding f…
SEC Solicits NESG’s Support on Economic Development

Oluwasina Phillip The Securities and Exchange Commission has restated the vital role the capital mar…
Nigeria, Others To Experience High food prices till 2023–IMF

The International Monetary Fund says the impact of the war in Ukraine is likely to sustain pressure …
AfDB earmarks €10m equity investment to drive technologies in the wake of Covid-19

The Board of Directors of the African Development Bank has approved an equity investment of €9.8 mil…
Stock Market Sustains Positive Momentum for Third Consecutive Session, Adds N46bn

The stock market of the Nigerian Exchange Limited (NGX) sustained its positive momentum for the thir…
Biden announces new $800m military aid for Ukraine

US President Joe Biden announced Thursday a new package of $800 million in military aid for Ukraine,…
Prioritise skill acquisition, not certificates, FG tells Nigerians

The Minister of Communications and Digital Economy, Prof Isa Pantami, has said Nigeria is challenged…
Stop fuel subsidy payment, CIBN tells FG

THE President of the Chartered Institute of Bankers of Nigeria, Dr Bayo Olugbemi, has advised the Fe…
Dangote Refinery’ll reduce import bill by 40% – Emefiele

The Governor of the Central Bank of Nigeria, Godwin Emefiele, says Dangote Refinery will reduce Nige…
Oil price rises to $107 as OPEC projects steady demand growth

Brent, the global benchmark for crude oil, rose marginally in price on Thursday, as the Organisation…
Reps summon Sylva, Kyari, others over allege cover-up on refineries

The House of Representatives’ Ad Hoc Committee on the State of Refineries in Nigeria has summoned th…
Jonathan may Contest for President, Says Political Process Ongoing

Former President Goodluck Jonathan on Friday reacted to calls that he should contest for President, …
Domestic, int’l passengers rise by 44%, hit 15.23million

Nigerian Airports witnessed increased patronage between January and December 2021, as the number of …
JAIZ BANK POSTS N4.37BN PROFIT IN 2021

Jaiz Bank Plc, the Premier Non-Interest Bank in Nigeria has released its audited financial results f…
CBN Probe Fire Incident At Makurdi Branch

The Central Bank of Nigeria has ordered a probe into the cause of the fire incident at its Makurdi b…
Insecurity: 2023 elections must hold, INEC insists

The Independent National Electoral Commission on Thursday said that no amount of security challenges…
FG To Implement Blockchain Technology In Nigeria

The Director-General of the Bureau of Public Service Reform, Dr Dasuki Arabi, has said that the Fede…
SIM-NIN: Telecom consumers set to sue FG, demand policy suspension

Telecommunications subscribers under the aegis of the National Association of Telecoms Subscribers h…
Insecurity: Buhari meets with ministers, service chiefs

President Muhammadu Buhari is currently presiding over a meeting with some ministers and heads of se…
2023: Group to buy N100m presidential nomination form for Tinubu

A support group, Asiwaju Project Beyond 2023, has expressed its readiness to purchase the presidenti…
External reserves return to growth path, gain $243.83m

Nigeria’s external reserves rose by $243.83m in 19 days, according to figures obtained from the Cent…
FG Laments Attacks on Public Infrastructure, Urges Nigerians to Protect Power Assets

he federal government has urged Nigerians to rise and consciously protect Nigeria’s public infrastru…
FG plans to woo foreign-registered startups

THE Federal Government has said it is creating an enabling environment for new businesses especially…
IMF Raises Nigeria’s Economic Growth Forecast From 2.7% To 3.4%

The International Monetary Fund has raised Nigeria’s economic growth projection in the 2022 fi…
Group partners Bankers’ Committee on financial literacy

Junior Achievement Nigeria has entered into a partnership with the Central Bank of Nigeria Bankers’ …
Why we can’t regulate prices of goods—FCCPC Boss

The Federal Competition and Consumer Protection Commission has said that it has no power to regulate…
FG Seals pact to Host 2022 Global Tourism Conference

Michael Uche The federal government has signed an agreement to host the first Global Conference on C…
BoI Group records N62.28bn profit

Oluwasina Phillip The Bank of Industry Group has reported a profit before tax of N62.28 billion for …
Power generation crashes by 903MW, national grid crisis persists

The latest figures on Nigeria’s power grid performance released on Tuesday showed that the quantum o…
CBN Debits 10 Banks N7.02trn Over CRR Violation

The Central Bank of Nigeria (CBN) in 2021 debited 10 banks a whooping N7.02 trillion over failure to…
FCTA Seals Ministry of Works, FCC, Others over N10bn Debt

The Federal Capital Territory Administration (FCTA) has sealed the Federal Ministry of Works and the…
Afreximbank Grows Assets To $22bn In 2021

Ololade Omosan-Agie The African Export-Import Bank has released the consolidated financial statement…
High domestic not good for Nigeria’s economic stability, says IMF

The International Monetary Fund has warned that increasing levels of domestic government borrowing f…
Four States Yet To Pay Minimum Wage

Oluwasina Phillip Almost four years after the National Minimum Wage Act was signed into law, the Nig…
Vandalism, others push oil firms’ bank borrowing to N5.68tn

The combined bank borrowing of oil firms operating in the downstream and upstream subsectors of the …
Nigeria to Benefit as IMF Approves $45bn for Low,

The International Monetary Fund (IMF) has approved a $45billion trust fund to help low and vulnerabl…
Late Statistician General, Harry For Burial April 22

The late Statistician-General of the Federation, Simon Harry will be laid to rest on April 22, the f…
Nigeria, other SSA countries may have 463.6 million poor people

The World Bank has projected that the number of poor people in Nigeria and other Sub-Saharan African…
NNPC to deliver $2.6bn gas pipeline Q1 2023

The Nigerian National Petroleum Company Limited and its contractor handling the bulk of the $2.6bn A…
Over 63,000 aggrieved contributors dump PFAs, transfer N226.98bn

No fewer than 63,728 workers under the Contributory Pension Scheme that were displeased with th…
Buhari reconstitutes Board of Federal Mortgage Bank

The President, Major General Muhammadu Buhari (retd.), has approved the reconstitution of the Board …
What Govt Must Do To Increase Voluntary Tax Compliance—Expert

A financial expert, Dr. Philip Akiode has highlighted some of the steps that the government must tak…
Lagos-Ibadan, Itakpe-Warri Rail E-Ticketing Concession To generate N140bn For Govt—ICRC

The Infrastructure Concession Regulatory Commission has issued two Full Business Case certificates (…
National Assembly approves N4tn for petrol subsidy

The National Assembly has passed amendments to the 2022 Appropriation Act which raised the subsidy o…
Cashew nuts, others’ exports hit N56bn in Q1 –Customs

The TinCan Island Command of the Nigeria Customs Service has said the total tonnage of goods exporte…
Airlines, agents to begin sale of tickets in dollar

Some of the foreign airlines flying into Nigeria will on April 19 begin the sale of their tickets in…
Emirates to increase Lagos, Abuja flights

Emirates Airlines has concluded plans for additional flights to its existing Lagos daily services, e…
FRC, others move to boost market regulatory environment

The Financial Reporting Council of Nigeria has said it is important for governance practitioners to …
Port Harcourt refinery to produce 60,000 barrels/day early 2023 – FG

THE Minister of State for Petroleum Resources, Chief Timipre Sylva, said the April 2023 completion d…
Manufacturing Sector Will Suffer Shock Of High Diesel Price, LCCI warns FG

The Lagos Chamber of Commerce and Industry has warned the Federal Government that staying within the…
Simon Harry, statistician-general, dies seven months after appointment

Simon Harry, the statistician-general of the federation, is dead He died on Wednesday morning in Abu…
World Bank, FG begin installation of solar system in Abia

The World Bank in collaboration with the Federal Government through the Niger Delta Power Holding Co…
Easter: FG declares Friday, Monday public holidays

The Federal Government has declared Friday, April 15 and Monday, April 18, 2022, as public holidays …
30 tertiary institutions jostle for CBN’s TIES loan

Thirty shortlisted higher institutions drawn from the six geo-political zones have begun the second …
NCDMB Pledges Support for LPG Production

The Nigerian Content Development and Monitoring Board (NCDMB), has pledged to continue to support th…
NEITI Wants FG to Deepen Reforms in Solid Minerals Sector

Government should continue to deepen the ongoing reforms in the mining sector and oversee the full i…
Imported vehicles: Customs slam 15% levy, clearing agents plan strike

Clearing agents operating in the nation’s maritime sector may withdraw their services following the …
EU Ambassadors in Nigeria Seek to Strengthen Partnership in Energy Sector

European Union (EU) Ambassadors in Nigeria on Monday paid a courtesy call on the Management of the N…
FG Recovers N53.2bn From Debtors, Says Finance Minister

The Federal Government has recovered over N53.2bn from debtors currently owing its Ministries, Depar…
MTN gets final approval to operate payment service bank

The Central Bank of Nigeria has granted Momo Payment Service Bank Limited final approval t…
AfDB Appoints Rot-Münstermann As Evaluator-General

Ololade Omosan-Agie Mrs. Rot-Münstermann, a Dutch citizen has been appointed the Acting Evaluator Ge…
WHY I AM RUNNING FOR PRESIDENT–OSINBAJO

Oluwasina Phillip Nigeria’s Vice President , Yemi Osinbajo, has finally declared his intention to ru…
Buhari Hails Business Magnate, Aliko Dangote, at 65

President Muhammadu Buhari has felicitated the Chairman and Chief Executive Officer of Dangote Group…
FG begins dry season wheat harvest, targets 1,000MT

The Federal Government has commenced the harvesting of wheat from its first dry season wheat farm in…
SEC Committed to Technology Driven Market- Yuguda

The Securities and Exchange Commission has restated its commitment to ensuring that technology plays…
CBN, others partner to close infrastructure deficit, raise $37bn

The Governor, Central Bank of Nigeria, Godwin Emefiele, has said the Infrastructure Corporation of N…
We Have No Hand In Death Of Female Guest At Our Hotel—Agete Luxury Hotel Management

Ololade Omosan-Agie The management of Agete Luxury Hotel has said that it was untrue that it has a h…
CBN Visits Agro-Allied Resources Plantation in Edo State

The Central Bank of Nigeria (CBN), led by its governor, Godwin Emefiele, paid a courtesy visit to th…
FCMB records N22.7bn profit

FCMB Group Plc said its profit before tax rose to N22.7bn as of the end of 2021 financial period, fr…
UBA gives N2.3trn loans to customers

The Chairman, United Bank for Africa, Tony Elumulu, on Thursday said UBA was able to drive down its …
Nigeria, others at high risk of debt distress, IMF warns

Nigeria and 72 other countries are at high risk of debt distress or already in debt distress, accord…
Currency in circulation falls by N42.43bn in two months

Currency in circulation fell by N42.43bn between January and March, figures obtained from the Centra…
Why dollar scarcity persists in Africa, by IMF

The International Monetary Fund (IMF) has explained why dollar scarcity persists in emerging economi…
No plan to reduce duty on imported vehicles – Customs

The Nigeria Customs Service has said that there are no plans for duty reduction on imported vehicles…
Buhari Writes House, Seeks Revision of 2022 MTEF

President Muhamadu Buhari has written to the House of Representatives, requesting the revision of th…
Air passengers grow by 34% in Nigeria, others — IATA

The International Air Transport Association says air travel in Nigeria and other African countries g…
CBN fines three banks N800m over crypto transactions

The Central Bank of Nigeria has imposed an N800m fine on three Deposit Money Banks in the country fo…
RMAFC Presents New Revenue Formula To Buhari, Slashes FG’s Allocation

The Revenue Mobilisation, Allocation and Fiscal Commission, RMAFC, on Thursday proposed a 3.33% redu…
SEC Working On Sectoral Strategy To Tackle Cybersecurity Risks On Capital Market—Yuguda

Ololade Omosan-Agie The Securities and Exchange Commission is currently working along with other age…
Adebayo Inaugurates Inter-Ministerial Committee On Effective Management Of Trade Matters

Oluwasina Phillip The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo on Thursday…
NAPIMS Gets ISO 22301 Certification, Emerges First Public Institution to Achieve Feat

The National Petroleum Investment Management Services (NAPIMS), a subsidiary of the Nigerian Nationa…
Customs promote 3,466 officers

THE Nigeria Customs Service Board has approved the promotion of 3,466 General Duty and Support Staff…
Afreximbank Unveils $4bn Facility For African Countries

The Board of Directors of African Export-Import Bank has approved the launch of the Ukraine Crisis A…
Covid: FG Lifts 12 Midnight to 4am Nationwide Curfew

The federal government has lifted the nationwide curfew from 12 midnight to 4 a.m. imposed in 2019 t…
Total assets of 882 microfinance banks rises from N856bn to N1.35tn

The total assets of Nigeria’s microfinance banks increased to N1.35tn by the end of September 2021, …
African Countries To Benefit From Fresh AfreximBank’s $207m Covid-19 Facility

The African Export-Import Bank on Friday in Cairo announced the finalization of a $207m fa…
Nigerians living in hardship, businesses suffering, says Elumelu

The Chairman, United Bank for Africa (UBA), Tony Elumelu, has blamed the poor electricity supply, hi…
FG Reviewing Trade Policy With Ukraine

The Minister of the Federal Ministry of Industry, Trade and Investment, Mr. Adeniyi Adebayo, has urg…
FG, LCCI highlight importance of mining sector investment

THE Lagos Chamber of Commerce and Industry and the Federal Ministry of Mines and Steel Development h…
AfDB secures $15.6bn for Lagos-Abidjan highway corridor

The President of the African Development Bank, Dr Akinwumi Adesina, announces that the bank has secu…
We Are Addressing Challenges Of Domestic Revenue Mobilization—Finance Minister

Ololade Omosan-Agie Recognising that Nigeria is contending with increasing fiscal and domestic reven…
Emefiele Pushes For More Women In Top Management Positions

Michael Uche The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, said the Bank has issued ge…
NUPENG cries out as cooking gas price rises again

The Liquefied Petroleum Gas Retailers Branch of the Nigeria Union of Petroleum and Natural Gas worke…
How Nigeria Can Reduce Rising Food Prices –LCCI

THE Lagos Chamber of Commerce has blamed Nigeria’s poor infrastructure for the country’s inability t…
Many scanners at Nigeria’s obsolete, says Customs CG

The Comptroller-General of the Nigeria Customs Service, Hammed Ali, has said most of the scanners av…
Suspend N10 Per Liter Tax On Non-Alcoholic Beverages, CPPE Urges Buhari

The Centre for the Promotion of Private Enterprise has said that the N10 per liter excise duty impos…
DEEP BLUE PROJECT: HOUSE COMMITTEE ON NAVY COMMENDS NIMASA’S TRANSPARENCY

Oluwasina Phillip The Chairman House Committee on the Nigerian Navy Honorable Yusuf Gagdi has comm…
AfDB unveil $1bn plan to reduce Africa’s dependency on Russian wheat

The African Development Bank has announced a $1 billion plan to boost wheat production in Africa to …
Transport ministry opposes 12% revenue allocation to maritime varsity

The Federal Ministry of Transportation has opposed the proposal by the House of Representatives to a…
NCC To Protect Consumer From Exploitation By Network Operators

The Nigerian Communications Commission has set up a Telecom Consumer Assistance, Resolution and Enqu…
NCDMB’s Investment in Base Oil Plant to Materialise in 2022

The Nigerian Content Development and Monitoring Board (NCDMB) investment in Bunorr Integrated Energy…
Crude oil production drops as Nigeria misses OPEC quota again

The latest data from OPEC indicated that Nigeria missed its oil production target again in February,…
FG to channel $2.2bn Eurobond for fuel subsidy funding– Finance Minister

The Federal Government is planning to tap €2bn ($2.2bn) by this month or next of the money it raised…
Reps grill Amaechi, BPE officials over $214m Deep Blue contract

HE Bureau of Public Procurement has told the House of Representatives’ Committee on Navy that it doe…
NCC Calls on Stakeholders to Protect Consumers from Financial Losses

The Nigerian Communications Commission (NCC) has called on stakeholders in the digital finance secto…
Buhari Renews Pitan’s Appointment As BoI MD

Ololade Omosan-Agie President Muhammadu Buhari has approved the renewal of the appointment of Mr Olu…
Higher oil prices’ll increase subsidy cost, Fitch tells Nigeria

Fitch Ratings has affirmed Nigeria’s long-term foreign-currency issuer default rating at ‘B’ with a …
China Remains Nigeria’s Major Partner As Nigeria Merchandise Trade Hits N11.7trn

The National Bureau of Statistics on Tuesday put Nigeria’s total trade in the fourth quarter of 2021…
CBN Introduces Cash Centres To Reduce Currency Management Cost

The Central bank of Nigeria has introduced a cash collection centre to enable it reduce cost and imp…
Fuel crisis, others push inflation rate to 15.7% in February –NBS

Michael Uche The Consumer Price Index rose to 15.7 per cent in February from 15.6 per cent in Januar…
Akeredolu urges Muslims, Non-Muslims to patronise Jaiz Bank

Oluwasina Phillip The Ondo State Governor, Rotimi Akeredolu, SAN, has commissioned Jaiz Bank Branch …
FG addressing Nigerians’ shelter need through housing estate – Buhari

President Mohammadu Buhari on Monday, said his administration was addressing the challenge of inadeq…
FCCPC begins investigation of activities of Illegal Online Banks

The federal government through the Federal Competition and Consumer Protection Commission has ordere…
Lekki seaport’ll contribute $360bn to Nigeria’s GDP – FG

The Lekki Deep Seaport in Lagos Free Trade Zone is going add about $360bn to Nigeria’s Gross Domesti…
Nigeria Earns N624.45bn From Solid Minerals

The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that over 2,119 compa…
Silverbird, names AfDB’s Adesina 2021 ‘Extraordinary Personality of the Year’

Oluwasina Phillip African Development Bank Group President Dr. Akinwumi A. Adesina, has received the…
SEC Seals Oxford International Group, two others for alleged Illegal Activities

Ololade Omosan-Agie The Securities and Exchange Commission (SEC), has sealed the premises of Oxford …
Russia-Ukraine war: Prices of products will soon rise, LCCI warns Nigerians

The Lagos Chamber of Commerce and Industry has warned Nigerians to brace for an imminent increase in…
Over four million Nigerians lack food security—IMF

The International Monetary Fund estimates that the number of Nigerians lacking food security in…
Free Trade Zones: FG Increases License Validity Period To Five Years

Oluwasina Phillip The federal government has directed that the validity period of licenses for opera…
Fuel Subsidy Huge Burden For Govt—Finance Minister

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has described the current f…
Russia-Ukraine War: Dangote Advises FG To Ban Maize Export Over Imminent Scarcity

Afirca’s richest man Aliko Dangote has advised the Federal Government to temporarily ban…
JAIZ BANK BRANCH NETWORK HITS 44

Jaiz Bank Plc, the premier non-interest bank in Nigeria has opened a new branch in Abuja at the Nati…
Women Receive N62bn Business Support Loan From DBN

The Development Bank of Nigeria has disbursed over N98bn to female entrepreneurs in Nigeria as at Fe…
FCCPC To Protect Consumers Against Exploitation By Artisans

The Federal Competition and Consumer Protection Commission has promised to protect consumers against…
ITF, NECA Produced 12,603 Highly Skilled Technicians

The partnership between the Industrial Training Fund and the Nigerian Employers Consultative Associa…
Why Nigeria Has Not Met OPEC Oil Production Quota–FG

The Federal Government said its inability to meet the oil production quota allocated to Nigeria by t…
IMF Okays $1.4bn emergency financing for warn-torn Ukraine

The Managjng Director of International Monetary Fund (IMF), Kristalina Georgieva, has&n…
NAICOM to Sanction Firms for Failure to Comply with Digital Regulatory Model

The National Insurance Commission (NAICOM), has said that it would sanction any insurance firm …
Gender Equality Key to Sustainable Future – SEC DG

The year 2022 has been described as pivotal for achieving gender equality in the context of climate …
TCN blames low generation for nationwide incessant outages

THE Transmission Company of Nigeria says the current load shedding being experienced nationwide is a…
LCCI canvasses gender reforms in governance

The Lagos Chamber of Commerce and Industry has called for critical policy and social reforms that pu…
Oil Price To Soar As US, UK, Others Ban Import From Russia

The United States and the United Kingdom have banned the importation of oil and gas from Russia. The…
FIRS Offers Concession To Taxpayers With Outstanding Foreign Currency Tax Liabilities

Oluwasina Phillip Taxpayers who have outstanding foreign currency tax liabilities can now take advan…
55 oil companies owe FG N1.32tn -NEITI report

The Nigeria Extractive Industries Transparency Initiative has released the 2020 oil and gas industry…
Customs suspends implementation of VIN policy for 30 days

After nearly two weeks of protests, the Nigeria Customs Service (NCS) has officially announced …
Badagry expressway ll be 80% completion Feb 2023 – FG

The Director of Federal Highways in South West, Mr Adedamola Kuti, says the N15bn provided through t…
NEPC seeks youth participation in global market

The Nigerian Export Promotion Council has charged youths to tap into the numerous opportunities in t…
NNPC releases 381.8 million litres of fuel, queues lessen

The scarcity of Premium Motor Spirit, popularly called petrol, has refused to abate despite claims b…
Nigeria Air: FG asks private sector partners to submit proposals

The federal government says it has officially opened a bid for proposal on the national carrier. The…
PenCom Lists Edo, 3 Others as Only States Complying with Contributory Pension

Edo workers have commended the state governor, Mr. Godwin Obaseki for prioritizing the welfare of ci…
BOI Fosters Export-oriented Women Led Businesses with $10m

In a bid to promote export businesses led by women, the Bank of Industry (BOI) has invested $10 mill…
CBN pledges support for Lekki FTZ

The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, says Infrastructure Company Limited will …
UBA’s profit rose to N153bn in 2021 – Report

Ololade Omosan-Agie United Bank for Africa Plc said it recorded N153bn profit for the 2021 financial…
Ukraine-Russia war: Nigeria, others may face commodity supply disruptions, says IMF

Oluwasina Phillip The International Monetary Fund says countries that have very close economic links…
Oil refining’s GDP contribution drops by 47.94% in one year—NBS

The oil refining sub-sector’s contribution to the nation’s Gross Domestic Product recorded a de…
Emefiele: Agricultural Sector Saving Grace to Nigeria

Micheal Uche The Governor, Central Bank of Nigeria (CBN) has expressed satisfaction with the level i…
NCDMB, others to meet 10% local LPG demand

The Nigerian Content Development and Monitoring Board says it has secured approval to work with sele…
Nigeria Records 195 Million Telephone Subscribers In 2021–NCC

Nigeria’s phone subscribers hit 195.4 million in December 2021, according to the Nigerian Comm…
FG Blames Poor Power Supply On Low Water Supply

The Minister of Power, Abubakar Aliyu, has said that the poor state of power supply being experience…
Filling Stations Hoarding Petrol Risk Paying Huge Penalty —-NMDPRA

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said that fuel sta…
NNPC Records 353% Increase in Trading Surplus

Oluwasina Phillip The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a trading…
Minister Assures Beer Producers Of Govt Support

Ololade Omosan-Agie The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo has expre…
Dangote Cement, Lafarge Post N1.67trn Revenue

Ololade Omosan-Agie Two big players in the Nigerian cement industry, Dangote Cement Plc and Lafarge …
FCCPC Orders Reversal Of Airfare Increase

Oluwasina Phillip The Federal Competition and Consumer Protection Commission has faulted the recent …
2022 Revised Budget To Be Passed Next Week-Senate

The Senate has passed the 2022 Appropriation Act (Amendment) Bill for second reading. The President …
We have enough fund to repay distressed banks’ depositors – NDIC

The Nigeria Deposit Insurance Corporation on Thursday in Kaduna said it had enough funds to pay depo…
Nigeria accounts for 35% of $4bn startups funding in 2021′- Osinbajo

African technology startups raised over $4 billion funding for 564 startups in 2021 with Nigeria acc…
SEC Moves To Enhance Integrity Of Capital Market Instruments, Demands ‘No Objection’ Letter From Regulatory Agencies

Uche Micheal The Securities and Exchange Commission has stated that Issuers would henceforth be requ…
Lekki Deep Sea Port at 81 percent completion – ICRC

The Infrastructure Concession Regulatory Commission (ICRC) wishes to state that the Lekki Deep Sea P…
PTAD: Robust Pension Arrangement is Solution to Corrupt Practices in Civil Service

The Pension Transitional Arrangement Directorate (PTAD), has said that robust pension arrangement is…
CBN e-valuation: Clearing agents insist on strike despite Customs intervention

EFFORTS by the management of the Nigeria Customs Service, to get striking clearing agents back to wo…
NNPC vows to increase production as Brent crosses $105/barrel

BRENT, the crude against which Nigeria’s oil is priced, crossed the $105/barrel price as it rose to …
Senate approves committee’s report on NIPOST Bill

The Senate has approved the conference committee report on the Nigeria Postal Services Act (Repeal a…
Net Zero Target Uncertain With 40% Used Vehicles Dumped in Nigeria, Others

Nigeria’s chances of a net zero target remain hobbled, with over 40 per cent of all used vehicles di…
FG Reinforces Bilateral Ties with Israel

Nigeria has reinforced and solidified bilateral ties with Israel in Science, Technology and Innovati…
FG laments poor implementation of donor-financed projects

The Federal Government on Tuesday said it will scale up the level of implementation for donor-financ…
NNPC to focus on gas development as more IOCs exit Nigeria

The Nigerian National Petroleum Company Limited has insisted that it would continue to develop Niger…
Zenith Bank’s profit rise by 10%, hit N280bn

Michael Uche Zenith Bank Plc says its gross earnings rose by 10 per cent to N765.6bn as of the end o…
Buhari commends BUA Group for bridging cement deficit gap

Ololade Omosan-Agie President Muhammadu Buhari has applauded the BUA Group for its strides in narrow…
NLC Begins Protest In Abuja, Demands Autonomy For Local Govt, Judiciary

The Nigerian Labour Congress on Monday staged a peaceful protest in Abuja with a demand from the Nat…
FCCPC Partners NCAA to Curb High Airfare

The Federal Competition and Consumers Protection Commission (FCCPC) has partnered the Nigerian Civil…
Firm restates commitment to tackling housing deficit

Oluwasina Phillip A real estate firm, Octo5 Holdings, has again reaffirmed its commitment to making …
FG urges mining companies to abide by community devt agreements

The Federal Government has urged mining companies to be more responsible and abide by community deve…
Buhari inaugurates first internet-enabled CBN branch

President Muhammadu Buhari has inaugurated the first Central Bank of Nigeria (CBN) internet-enabled …
Banks Expose Clients with Suspicious Dollar Transactions

In line with the resolve of the Central Bank of Nigeria (CBN) to halt a regime of arbitrage in the f…
Unremitted Pension: PenCom To Take Legal Action Against 29 Defaulting Firms

The National Pension Commission has said it recovered N2.55bn pensions deducted by employers fr…
Establish gold plants in Nigeria, FG urges investors

The Minister of Mines and Steel Development, Olamilekan Adegbite, has urged investors to establ…
MTN, Mafab Pay N234.5bn To FG For 5G Licences– NCC

Oluwasina Phillip MTN Communication Nigeria PLC and Mafab Mafab Communications Limited have paid $56…
Airfare hikes appear as coordinated action by airlines, FG insists

The Federal Government on Thursday insisted that the sudden and over 60 per cent hike in airfares by…
FAAC SHARES N574.668 BILLION JANUARY REVENUE TO FG, STATES AND LGCs

The Federation Accounts Allocation Committee (FAAC) has shared a total of N574.668 billion January 2…
PenOp Advocates Informal Sector Inclusion In Micro Pension Scheme

The Chief Executive Officer of the Pension Operators Association of Nigeria, Mr. Oguche Agudah has c…
Extend Micro Pension Plan to Informal Sector,” says Association

The need to strengthen the post-retirement financial capability of all working Nigerians across all …
Rising Oil Prices Worry FG, Says Nigeria Not Gaining from Soaring Rates

The federal government yesterday expressed concern over the rising international prices of crude oil…
SON calls for protection of local industries

The Director General, Standards Organisation of Nigeria (SON), Mallam Farouk Salim, has harped …
DBN loans N439bn to 180 businesses

The Development Bank of Nigeria ( DBN) has advanced more than N439 billion credit facilit…
World Bank sanctions Nigerian firm, MD over alleged corrupt practices

The World Bank has sanctioned AIM Consultants Limited, a Nigerian consultancy company, and its Manag…
FG increases school feeding cost to N100/child, spends N1bn daily

The Federal Government has increased the cost of feeding a primary school pupil from N70 to N100 and…
SystemSpecs Names Ernest Ndukwe As New Chairman

Ololade Omosan-Agie SystemSpecs has named former MTN Executive Vice Chairman of Nigerian Communicati…
DISTRESSED VESSEL MOVED OFF FEDERAL OCEAN TERMINAL ONNE

A Nigerian flagged Motor Vessel, MV VIGEO ADEBOLA which was reported to be distressed midstream Fede…
Reps grill oil firms over dirty fuel imports

The House of Representatives’ Committee on Petroleum Resources (Downstream), on Tuesday, grilled two…
How We Unlock Infrastructure Funding Through Sukuk Bond–Finance Minister

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has said that since it…
Annual Loss Of N160Bn To Fake Motor Insurance Worrisome- NCRIB

The President of the Nigerian Council of Registered Insurance Brokers, NCRIB, Mr. Rotimi …
Exclusion Of Police From CPS Bad For Pension Industry—Pencom

Oluwasina Phillip The National Pension Commission (PenCom) has said that the Contributory Pension Sc…
No need for aggressive oil production by OPEC, say Nigeria, Iraq

There is no need for the Organisation of Petroleum Exporting Countries to be more aggressive in its …
FG gets blueprint to boost revenue from cocoa

The Minister of Agriculture and Rural Development, Mahmood Abubakar, on Tuesday, announced that the …
Finance Minister Says Savings Will Grow economy

Chibuzor Harrison Mobilization of domestic savings for capital formation and investment has been ide…
PHOTOS: Strengthening Industrial Property Rights Enforcement In Nigeria

From Left: Head, National Central Bureau(NCB),Abuja and Vice-President, Interpol(Africa) AIG Dr Garb…
Buhari Set to Inaugurate NDPHC’s Lafia Substation

President Muhammadu Buhari will on Thursday inaugurate the recently energised Lafia 2X150 MVA and 2X…
5G network rollout in Nigeria’ll require huge infrastructure –NCC

The Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission, P…
Nigeria, Ghana Urged to Explore AFCFTA Opportunities

The President, Lagos Chamber of Commerce and Industry (LCCI), Dr. Michael Olawale-Cole, has stated t…
Security Critical for National Development, Says Accountant General

The Accountant General of the Federation (AGF), Mr. Ahmed Idris, has insisted that national security…
Stock market capitalisation falls to N25.41tn

The market capitalisation of equities listed on the Nigerian Exchange Limited fell by 0.12 per cent …
FG admits inspection failure caused dirty fuel import

The scarcity of Premium Motor Spirit, popularly called petrol, which has lingered for about two week…
ITF, NCDMB commence 100 youths training on 8 vocational skills

Chibuzor Harrison The Industrial Training Fund (ITF) in collaboration with the Nigerian Content Deve…
NIMASA RENEWS MoU WITH WORLD MARITIME UNIVERSITY•

Ololade Omosan-Agie The Nigerian Maritime Administration and Safety Agency (NIMASA), has …
Afreximbank to advance Zanzibar’s development agenda

Oluwasina Phillip African Export-Import Bank (Afreximbank) and the Revolutionary Government of Zanzi…
FG Seeks Investors to Improve Power, Says Minister

Ololade Omosan-Agie The Minister of Power, Mr. Abubakar Aliyu, has said the federal government is wi…
Currency in circulation hits N3.33tn on cash transactions

The currency in circulation rose by N418bn to N3.33tn as of December 31, 2021, from N2.91tn a year e…
Ethiopia begins power generation at Nile mega-dam

Ethiopia began generating electricity from its mega-dam on the Blue Nile on Sunday, a milestone in t…
Niger Delta deserves massive development – Osinbajo

Oluwasina Phillip Vice-President Yemi Osinbajo (SAN) says the people Niger Delta deserve considerabl…
FG To Earn N5bn From Concession Of Fishery Coastal Terminal, Says ICRC

Chubuzor Harrison The Infrastructure Concession Regulatory Commission (ICRC) said that plans have be…
Former NIPC Boss, Sadiku appointed into Flour Mills Board

A former executive secretary and chief executive officer of Nigerian Investment Promotion Commission…
Dangote Refinery can accelerate Nigeria’s economic recovery, says IMF

The International Monetary Fund (IMF) has noted that the non-oil sector of the Nigerian economy coul…
Investors oversubscribe Nigeria’s February 2022 FGN bond by N407.7bn

Ololade Omosan-Agie Nigeria’s FGN bond issuance for the month of February 2022 by the Debt Managemen…
Malami canvasses diversification of economy to boost non-oil sector growth

The Minister of Justice and Attorney General of the Federation, Mr. Abubakar Malami has advocated th…
We Will Leverage Finance Act, 2021 To Achieve Adequate Funding For Budget – FIRS

Oluwasina Phillip The Federal Inland Revenue Service (FIRS) has stated that it would use the instrum…
MTN, Mafab to launch 5G soon as FG hands over spectrum to NCC

The National Frequency Management Council, an agency of the Federal Government, has handed over the …
CBN enlightens Delta residents on eNaira usage

The Central Bank of Nigeria, on Friday, enlightened and encouraged Nigerians to embrace the use of e…
Pension Fund Assets Hit N13.42tn

Pension assets under the Contributory Pension Scheme rose by N1.11tn in 2021, latest figures obtaine…
FG, EU Seek Legal Framework For Products From Nigeria

The federal government in collaboration with the European Union is intensifying campaign for a frame…
Over One Million Youths Empowered Through Social Intervention Programme—FG

The federal government on Thursday said it has empowered over one million youths through various ini…
SEC Restates Commitment To Proper Regulation

Joshua Atuegwu The Securities and Exchange Commission has again stated that it is committed to sound…
AFREXIMBANK Seals 250m Euro Deal With German Agency

Joshua Atuegwu African Export-Import Bank (Afreximbank) is delighted to announce the signing of a lo…
Bank loans to private sector rise by N5.1tn, hit N36.7tn – CBN report

Between January and December 2021, the Nigerian banking sector’s credit to the private sector rose b…
Nigeria’s GDP expands further by 3.98% in Q4 2021

Nigeria’s Gross Domestic Product (GDP) grew by 3.98% year-on-year in real terms in the fourth quarte…
FG Endorses 10 Million Tree Planting Campaign By AFNALPA

Oluwasina Phillip The Federal Ministry of Environment has endorsed the campaign to plant 10 million …
AFREXIMBANK Opens Registration For 2022 Certificate Of Trade Finance Programm

Ololade Omosan-Agie African Export-Import Bank (Afreximbank), in collaboration with the FCI, Quarter…
Scarcity: NNPC To Deliver 2.3 Billion Liters Of PMS To Nigerians

Oluwasina Phillip The Nigerian National Petroleum Company Ltd has begun a 24 hour distribution of pe…
Bank of Industry Launches $700m Eurobond

The Bank of Industry (BOI), assisted by Rand Merchant Bank (RMB) has issued a EUR700m Eurobond by wa…
World Bank economist warns countries against excessive borrowing

elays in dealing with the growing debt burden in poor countries seems unlikely to be resolved by the…
FG Says Most Airlines Yet To Upgrade Planes For Bad Weather

The incessant flight delays and cancellations by domestic airlines are due to the failure of the car…
FG Not Transparent With Spending Of $3.4bn Covid-19 Loan—IMF

The International Monetary Fund (IMF) has accused the federal government of not being transparent an…
SEC Engaging Other Agencies to Curb Ponzi Schemes- Yuguda

Uchenna Ebuka The Securities and Exchange Commission has disclosed that it is engaging the National …
Reps raises customs revenue target by N965bn

The House of Representatives Committee on Customs and Excise has approved a budget with estimates to…
Buhari sends N2.55trn supplementary budget to National Assembly to fund fuel subsidy, others

President Muhammadu Buhari has transmitted the 2022 Appropriation Act (Amendment) Bill to the Nation…
Insurance Firms Paid N238.05bn Claims In 2021–NAICOM

Ololade Omosan-Agie The insurance industry paid the sum of N238.05bn as insurance premium in the 202…
Nigeria’s Inflation Rate Drops To 15.60% In January

Oluwasina Phillip The National Bureau of Statistics has said that the Consumer Price Index, which me…
TCN Takes Delivery Of 15 Power Transformers

Oluwasina Phillip As part of measures to increase power supply in the country, Transmission Company …
Insurance Sector’s Total Premium Hits N508bn in 2021

Chairman of the Nigeria Insurers Association (NIA), the umbrella body of insurance underwriters in t…
NUPENG set for strike over alleged diversion of N621bn road fund

The Nigeria Union of Petroleum and Natural Gas workers has declared its support for the imminent ind…
Jigawa gets N13.5bn from World Bank’s $750m loan

The Commissioner for Finance in Jigawa State, Ibrahim Umar, has said the state got a N13.5bn grant f…
Sahara Group to invest $1bn in LPG infrastructure

Sahara Group has said it is targeting additional $1bn investment in LPG infrastructure. The company …
PHOTOS: WTO DG, Nigeria’s Health Minister, Others Meet On Technical Support To Nigeria

Nigeria’s Ambassador to World Trade Organisation, Dr Adamu Abdulhamid; Nigeria’s Minister of Health,…
Inflation may rise further amid naira depreciation –Report

Analysts at Financial Derivatives Company Limited have said Nigeria’s inflation rate will rise …
FG To Get N100bn From CACOVID For Fight Against Insecurity

Ololade Omosan-Agie The Coalition Against COVID-19 is to provide the sum of N100bn to the Federal Go…
Nigeria Can Repay Its N35.5trn Debt, FG Tells IMF

Oluwasina Phillip The Debt Management Office has faulted the position of the International Monetary …
UK economy rebounds with fastest growth since WW2

The UK economy rebounded last year with growth of 7.5% despite falling back in December due to Omicr…
CBN To Stop Sale Of Forex To Banks By December

The Central Bank of Nigeria will from December this year stop the sale of foreign exchange to Deposi…
Naira slides again, exchanges for 417.51/dollar

The naira continued its downward trend as the dollar was sold for N417.51 at the official market on …
Lagos Will Explore NGX To Fund Infrastructure Projects—Sanwo-Olu

The Governor of Lagos State, Babajide Sanwo-Olu yesterday said the State will explore capital raisin…
Non Collection Of Cocoa Premium Costing Nigeria N60bn – Farmers

The Federal Government had been losing about N60bn annually because of its refusal to collect Living…
World Bank, AfDB electrification project financing for Nigeria hit $550m

The Federal Government has put the financing for the Nigeria Electrification Project obtained from t…
CBN Extends 5% Interest Rate Concession On Intervention Fund By One Year

The Central Bank of Nigeria has extended the five per cent interest rate on all of its intervention …
FG has failed to fix 21 highways, NUPENG claims

The Petroleum Tanker Drivers branch of the Nigeria Union of Petroleum and Natural Gas workers on Wed…
AfCFTA Secretariat, Afreximbank Sign Agreement For Management Of Fund

The African Continental Free Trade Area (AfCFTA) Secretariat and African Export-Import Bank (Afrexim…
NNPC Takes Delivery Of 300 Million Litres Of Petrol

The Nigerian National Petroleum Company Limited has imported and taken delivery of 300 million litre…
FCCPC Investigates Impact Of Methanol Blended Petrol On Nigerians

The Federal Competition and Consumer Protection Commission is currently investigating the impact of …
NIPC Eyes More Investments Through National Development Plan

Ololade Omosan-Agie The Federal Government in a bid to attract more investors into the country is co…
Igbobi College Honours Awolowo With Service To The Nation Award

Oluwasina Phillip For his contributions to the development of the Nigerian economy, the Board of Tru…
SEC Harps on Professionalism in the Capital Market

Ololade Omosan-Agie The Securities and Exchange Commission has again restated the need for capital m…
Nissan set to assemble Navara pickup in Nigeria June

Stallion NMN Limited says it is planning to begin assembling of the new Nissan Navara pickup in Nige…
Insurers pay N11bn claims on EndSARS

The Nigerian Insurers Association has said insurance companies have paid N11bn claims on losses suff…
NNPC Records $224.29m Proceeds from Export of Crude Oil, Gas in August

Ebuka Uchenna The Nigerian National Petroleum Company (NNPC) Limited posted a total of $224.29millio…
Banque Misr invests $80.5m in Afreximbank, becomes largest non-sovereign shareholder

Banque Misr has announced an investment of $201.1m in African Export-Import Bank (Afreximbank), of w…
IFC Targets $10bn Investments in Africa Annually

The International Finance Corporation (IFC) plans to ramp up its new investments in Africa to $10 bi…
IMF Seeks Increase in Nigeria’s VAT rate

The International Monetary Fund has called on the Federal Government to further increase the Value A…
Customs Redeploys PRO, 36 Other Comptrollers To Boost Trade

Oluwasina Phillip The Comptroller General of Customs Col. Hameed Ibrahim Ali (Rtd.) has approved the…
Incentives will help keep exporting companies afloat – NEPC Boss

Kelvin Fakoya The Executive Director/CEO of Nigerian Export Promotion Council (NEPC) Dr. Ezra Yakusa…
Orbit Exploration To Take Over Ogboyega Coal Mines

Ololade Omosan-Agie The National Council on Privatisation has granted approval to Orbit Exploration …
JAIZ Bank Posts N4.21bn Profit

Oluwasina Phillip Jaiz Bank Plc, the Premier Non-Interest Bank in Nigeria has released its unaudited…
Afreximbank’s invests in Mauritania’s poultry, dairy production form

Ebuka Uchenna The African Export-Import Bank (Afreximbank) has announced an investment by the Fund f…
High Crude Prices Have Negative Implication For Nigeria’s Economy—FG

Oluwasina Phillip The federal government has stated that it would not be excited about the rising pr…
Nigeria, others need $484bn for economic recovery – AfDB president

The President, African Development Bank, Dr Akinwumi Adesina, says Africa needs $484bn over the next…
LCCI supports efforts to boost investment in free zone

The Lagos Chamber of Commerce and Industry has pledged its support to drive investments into Lagos F…
SEC Unveils Strategies To Encourage Young Nigerians To Invest In Capital Market

Ebuka Uchenna The securities and Exchange Commission has reaffirmed that it is committed to making t…
NIPC Unveils 2022 Strategic Plan To Woo More FDIs To Nigeria – Offor

Ololade Omosan-Agie The Nigerian Investment Promotion Commission, NIPC has unveiled its Foreign Dire…
NAICOM Releases Guidelines for Insurance Web Aggregators

The National Insurance Commission (NAICOM) has released what it tagged, “Insurance Web Aggregators O…
FG Committed to Lifting Poor, Vulnerable Nigerians out of Poverty Level, Says Buhari

President Muhammadu Buhari has given an assurance that his administration is committed to lifting th…
Buhari Raises Federal Workers’ Duty Tour Allowance By 100%

The Federal Government has approved a 100 per cent increase in the Duty Tour Allowance of workers in…
Apapa port, others need upgrade for smooth product distribution – Upstream Commission

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has said the Apapa Jetty and so…
Nigeria Needs $10bn Annually To Achieve 2060 Zero Emissions Target—Psinbajo

Nigeria needs to spend at least $10bn annually in the power and energy sectors within the next 40 ye…
Egbin power plant suspends operations after fire incident

Oluwasina Phillip The Management of Egbin Power Plc has said it has suspended operations at its plan…
Afreximbank invests in gas to promote LNG distribution in West Africa

Oluwasina Phillip Fund for Export Development in Africa (FEDA), a development impact-oriented subsid…
Covid-19: Africa must work together to promote vaccine production – Buhari

Ebuka George President Muhammadu Buhari has said that for Africa to effectively tackle climate chang…
NESG seeks gradual subsidy removal

The Nigerian Economic Summit Group has urged the government to adopt a gradual phase-out of the subs…
MDAs Get Proceeds Of N250bn Sukuk Bond

Oluwasina Phillip Three Ministries, Departments and Agencies have received proceeds of the N250bn Su…
Onitsha River Port concession to generate N50bn – ICRC

Ololade Omosan-Agie The Infrastructure Concession Regulatory Commission (ICRC) has said that the Oni…
Senate pledges support for NNPC’s frontier exploration

Oluwasina Phillip The Senate Committee on Petroleum Resources (Upstream) has said it will look into …
Air Peace, Emirates to resume flights to UAE on Saturday

Nigeria and United Arab Emirates, UAE, have agreed to remove travel restrictions between the two co…
AfDB President, Adesina Awarded Honourary Doctoral Degree At Federal University of Technology Minna

Oluwasina Phillip The Federal University of Technology Minna has awarded the President of the Africa…
Reps investigate alleged lopsided recruitments in NSITF, threaten sanction

The House of Representatives has resolved to investigate the alleged lopsidedness in the ongoing rec…
CBN Governor commissions 400 metric tons rice plant in Kano

The Governor of the Central Bank of Nigeria, Godwin Emefiele has joined the Managing Director of Fid…
Heirs Holding loses 50,000 barrels to oil thieves daily, says Elumelu

The Chairman of Heirs Holdings, Tony Elumelu, has lamented that his company, Heirs Oil and Gas, lose…
Fuel Price In Germany Hits All Time High

The cost of petrol and diesel in Germany has reached an all-time high, the ADAC motoring association…
Work To Resume On Road Projects, FG Assures

The Ministry of Works and Housing has revealed that the long-awaited 2021 and 2022 SUKUK funds will …
Senate President Decries Nigeria’s Rising Debt

The Federal Government admitted on Tuesday that the country’s economy is in crisis, with a debt serv…
Air Peace apologises to passengers over flight delays

Ololade Omosan-Agie Air Peace has apologised to passengers over recent flight delays, saying that it…
Nigeria must invest in research, innovation for fast energy transition, says Onu

Minister of Science and Technology, Dr. Ogbonnaya Onu has called for a robust investment in research…
Currency in circulation hits N3.33trn in December

Oluwasina Phillip Currency in circulation in Nigeria rose by N1.15 trillion in 2021 to N3.33 trillio…
MTN’s first public offer oversubscribed 139%

126,720 retail investors submitted valid applications and received full allotment as MTN Nigeria Com…
FG to boost electricity supply of 40 million people

The Phase One of the Presidential Power Initiative will boost the reliability of electricity supply …
FG probes 17 firms over breach of customers’ private data, hikes fines

The National Information Technology Development Agency engaged in 17 data breach investigations and …
NCAC DG Advocates More Empowerment Programmes For Women

Jessica George The Director-General, National Council for Arts and Culture, Otunba Segun Runsewe has…
CBN disburses N23.2bn to 28 firms

Oluwasina Phillip Twenty-eight local firms have received a loan of N23.2 billion under the 100 for 1…
NASS Canvasses Stronger Capital Market Regulations

Ebuka Daniel The need to further strengthen the regulatory framework in the capital market in a…
NNPC: We spent N100bn on refineries’ rehabilitation in 2021

The Nigerian National Petroleum Company (NNPC) Limited spent N100 billion on the rehabilitation of t…
Corporate earnings boost NGX market cap by N137bn

Oluwasina Phillip Bullish sentiments continued to dictate proceedings on the domestic bourse as the …
Farmers secure N2.5bn bank loan to boost Cocoa, plantain production

The Cocoa and Plantain Farmers Association of Nigeria says it has secured a loan of N2.5bn for its m…
Investors From Poland Scared Of Nigerian Companies — Polish Envoy

Oluwasina Phillip Polish Ambassador to Nigeria, Joanna Tarnawska has expressed interest in identifyi…
NCAA plans major review of airlines’ operating licence fee

Aviation industry regulator-the Nigerian Civil Aviation Authority-is considering a major review …
NIMASA N50bn Floating Dockyard to Begin Operations in March

The Nigerian Maritime Administration and Safety Agency (NIMASA), said it has perfected the arrangeme…
FG’s January bonds oversubscribed by N175bn –DMO

Oluwasina Phillip The Federal Government’s bonds for January worth N150bn, which were auctioned on J…
We are promoting farming to boost food security–LASG

The Lagos State Government, through the Ministry of Agriculture and the Lagos State Agricultur…
We Are Driving Gas Revolution Agenda Vigorously—Sylva

Ololade Omosan-Agie The Federal Ministry of Petroleum Resources has delivered on all the mandates gi…
Bank of Industry, World Bank to partner on $158m fund for MSMEs

The World Bank has partnered with the Bank of Industry to provide a $158m lifeline to 650,000 Micro,…
How Nigeria Can Leverage CAPAR For Recovery Of Looted Fund

Oluwasina Phillip For many years, Nigeria and other African countries have witnessed the consignment…
Stock Market Drop N280bn

The stock market of the Nigerian Exchange Limited (NGX) yesterday dropped by N280billion on investor…
FG Targets N1.5bn from Legal Metrology Services in 2022

Oluwasina Phillip The Minister of Industry, Trade and Investment, Mr. Niyi Adebayo has said that the…
We Will support serious investors – Buhari

Ebuka Daniel President Muhammadu Buhari has said his regime remains prepared to support “serious inv…
21 federal roads under construction in Kano – Fashola

The Federal Government is undertaking 21 road projects in addition to housing projects that have rea…
Passengers Stranded at Airport as Bad Weather Disrupts Flights

Hundreds of passengers were on Thursday stranded for long hours at the Nnamdi Azikiwe International …
Infrastructure: Buhari has achieved more than any govt, says Fashola

The Minister of Works and Housing, Babatunde Fashola, has alleged that the regime of the President, …
FG Targets N1.2trn From Revenue Assurance Solution Project

Oluwasina Phillip Following the review and issuance of compliance certificate of the Full Business C…
Abia, Imo farm estates ready for inauguration –FG

The Federal Government on Thursday announced that two farm estates located in Abia and Imo states ha…
AfDB President Condoles With Widow Of Shonekan

Ololade Omosan-Agie The President of the African Development Bank Group, Dr Akinwumi Adesina and his…
UAE Lifts Flight Restrictions On Nigeria, 11 Other African Countries

Olowasina Phillip Barring any last-minute change in plans, the United Arab Emirates (UAE) authoritie…
Stop Panic Buying, NNPC Tells Nigerians

The Nigerian National Petroleum Company Limited has assured Nigerians that it has abundant stock of …
2021 Performance: “We Achieved Over 100% Of Our Target” – FIRS

Ebuka Daniel Despite the global economic challenges occasioned by the Coronavirus pandemic, as well …
FEC Approves N64.687bn Contracts For 16 Road Projects In FCT

The Federal Executive Council (FEC) Wednesday approved contracts worth N64,686,536,230, for 16 road …
Senate probes NCDMB over $10bn gas project

The Senate Committee on Local Content, on Wednesday, grilled the management of Nigerian Content Deve…
Customs To Facilitate Trade With Deployment Of 135 Scanners At Ports

The Nigeria Customs Service has unveiled plans to deploy 135 scanners across all the ports and land …
Cooperatives critical to FG’s intervention programmes – Osinbajo

The Vice-President, Prof. Yemi Osinbajo, has said cooperatives play a strategic role in implementing…
Stock Market Rebounds After Days Of Losses

The stock market of the Nigerian Exchange Limited (NGX) gained N6 billion, even as Monetary Policy C…
NBET pays N42bn to GenCos for grid-distributed power

Oluwasina Phillip The Nigerian Bulk Electricity Trading (NBET), said it paid over N42,486,673,723…
FG to apply Twitter operational conditions to Facebook, WhatsApp, others

The Federal Government says it is set to amend its relevant statutes and code to enforce the operati…
Marginal fields: FG unveils outlines conditions to awardees, IOCs Thursday

The Federal Government will on Thursday outline its policy position for the marginal field bid round…
Buhari launches 5G policy, directs security agencies to adopt technology

President Muhammadu Buhari has directed all security institutions to immediately leverage 5G technol…
CBN Retains Lending Rate At 11.5% To Stimulate Growth

The Central Bank of Nigeria has held its benchmark lending rate at 11.5 per cent due to fears of the…
Forbes Named Dangote Africa’s Richest Man For 11th Consecutive Time

Ebuka Daniel The wealth of the Chairman and Chief Executive Officer of Dangote Group, Aliko Dangote,…
FG Plans 18 Months Fuel Subsidy Removal Implementation Period

Ololade Omosan-Agie The Federal Government is planning to amend the Petroleum Industry Act to adjust…
Why Naira Keeps Losing Value Against Other Currencies–NESG

Ololade Omosan-Agie The Nigerian Economic Summit Group has said that Nigerians and investors have lo…
NLC Suspends Planned Nationwide Protest Against Subsidy Removal

Oluwasina Phillip The Nigeria Labour Congress on Tuesday suspended its planned nationwide protest ov…
FG suspends planned petrol subsidy removal

The Federal Government, through the Minister of Finance, Budget and National Planning, Zainab Ahmed,…
NLC May Embark On Strike If Govt Increases Price Of Petrol

The Nigeria Labour Congress has threatened to embark on industrial action if the government goes ahe…
Sacked NSITF Management Left N30bn Debt –FG

Oluwasina Phillip The sacked management of the Nigerian Social Insurance Trust Fund depleted the sav…
Bank Of Industry Empowers Four Million MSMEs In Five Years

Oluwasina Phillip The Bank of Industry has financed over four million Micro, Small and Medium Enterp…
Dangote oil refinery to begin processing 540,000bpd in Q3

Dangote Industries Limited has said its oil refinery will start processing crude in the third quarte…
TUC mobilizes against fuel subsidy removal ahead nationwide protest

Ololade Omosan-Agie The Trade Union Congress (TUC) has directed its members to begin mobilisation fo…
FG’s January Bonds Over-subscribed By N175bn –DMO

Oluwasina Phillip The Federal Government’s bonds for January worth N150bn, which were auctioned on J…
Over 165 Nigerians Benefit From FG’s Shoemaking, Leather Production Programme

The Federal Government, through the Nigerian Institute of Leather and Science Technology, has t…
Nigeria lost N74.51bn oil revenue in December, says OPEC

A new monthly report of the Organization of the Petroleum Exporting Countries has shown a plung…
How Nigeria Can Boost Share Of Global Trade—WTO Envoy

Oluwashina Phillip For Nigeria to boost the level of trade with other countries, the federal governm…
FAAC Allocates N699.8bn To Three Tiers Of Govt

Oluwasina Phillip The Federation Accounts Allocation Committee has shared a total of N699.82bn Decem…
WEF: Osinbajo advocates debt relief for Nigeria, others

Vice President Yemi Osinbajo has urged multilateral organizations to consider the huge obligati…
IMF set to launch $50bn lifeline for Nigeria, others

The International Monetary Fund has said it is set to launch a $50bn trust fund for low-income and v…
NASS to Further Empower SEC to Sanction Unregistered Schemes, Others

Ebuka Uche In a bid to combat the menace of Ponzi schemes and ensure that the apex regulator of the …
Many Nigerians ll Die Of Hardship If Fuel Subsidy Is Removed—NLC

Ololade Omosan-Agie Many Nigerians will die of hardship if the Federal Government decides to remove …
FG supported 500,000 Nigerians with digital skills, says Pantanmi

The Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim Pantami has said that …
Nigeria’s daily oil production falls below 1.2 million barrels

Crude oil production in Nigeria fell below 1.2 million barrels per day in December 2021 from 1.28 mi…
FG to establish 18 modular refineries in oil-producing states

The Federal Government on Wednesday said it was working to establish three modular refineries in eac…
ICRC Moves To Revive 6 Dry Ports

Ololade Omosan-Agie In a bid to get the six Inland Container Depots located in each of the six geo-p…
2022: Our Target Is To Achieve 100% Automation Of Tax Administration Processes–FIRS

Oluwasina Phillip The Federal Inland Revenue Service (FIRS) has stated that it will achieve 100% aut…
SEC Commends NGX, CSCS, others on Market Development

Oluwasina Phillip The securities and Exchange Commission has commended the Nigerian Exchange Limited…
NDIC Warns Against Ponzi Schemes

The Nigeria Deposit Insurance Corporation (NDIC ) has paid cumulative sum of ₦8.268bn to 443,946&nbs…
Stock Market Up N138bn on Price Appreciation in BUA Foods, Dangote

The Nigerian Exchange (NGX) Al-Share Index (ASI) yesterday rebounded by N138billion amid renewed pri…
Over $9.5bn wasted on moribund refineries—TUC

Oluwasina Phillip The Trade Union Congress (TUC) has lampooned the Federal Government for flaunting …
No capital vote for NIPOST in 28 years, says Postmaster-General

The Postmaster-General of the Federation, Dr. Ismail Adewusi, has blamed the lack of capital vote in…
We Should Not Transfer Burden Of Petrol Subsidy On Nigerians – Lawan

The Senate President, Ahmad Lawan, says the President, Major General Muhammadu Buhari (retd.), has n…
Crude hits seven-year high on recovery hope

Crude oil hit a more than seven-year high Tuesday on optimism the global recovery will ramp up deman…
FAAN, ICRC to upgrade security at Lagos airport

Oluwasina Phillip The Infrastructure Concession Regulatory Commission and the Federal Airports Autho…
FG to launch second satellite before December —Pantami

Ebuka Daniel The Federal Government plans to launch a second satellite to boost the country’s satell…
Senate passes bill to put aviation college under TETFUND

The Senate, on Tuesday, passed the Nigerian College of Aviation Technology (Amendment) Bill, 2022. T…
FG Empowers 4.8 Million Farmers Through Anchor Borrowers’ Programme

Ololade Omosan-Agie President Muhammadu Buhari has said that his administration has supported over 4…
2023 Election May Force CBN To Devalue Naira —- Rewane

The Chief Executive Officer of Financial Derivatives Company, Mr. Bismarck Rewane, is projecting tha…
Nigeria Produces 9 Million MT Of Rice In 2021–Emefiele

The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, on Tuesday said that with Nigeria produc…
FG plans health insurance for pensioners, sets up panel

The Federal Government has set up a committee to look into the provision of health insurance for ret…
FG distributes 80 laptops to female farmers, empowers widows

The Federal Government has distributed 80 laptops to female farmers trained in Information and Commu…
COVID-19: FCTA bars unvaccinated civil servants, visitors from offices

Ololade Omosan-Agie The Federal Capital Territory Administration, on Monday, began enforcement of no…
Inflation Rises To 15.63% In December, Says NBS

Oluwasina Phillip The Christmas and New Year celebrations may have pushed the country’s inflat…
PENCOM HOLDS RETREAT ON REVIEW OF THE PENSION REFORM ACT 2014

The National Pension Commission (PenCom) organized a retreat on the review of the Pension Reform Act…
FG To Lift 35 Million Nigerians Out Of Poverty By 2025

The Federal Government is planning to set up a Social Investment Fund of N5.4trn to enable it lift 3…
FG Generates N900m Through Weights And Measures

Ebuka Daniel The Director, Weights and Measures Department, Federal Ministry of Industry, Trade, and…
PIA Provides Enormous Business Opportunities for NNPC Ltd, Says Kyari

Ebuka Daniel As the Federal Government commenced full implementation of the Petroleum Industry Act …
Manufacturers lament as cost of shipping jumps to 33.5%

The Manufacturers Association of Nigeria has raised concerns as the cost of shipping rose further to…
Inclusive energy transition’ll boost prosperity in Africa, says Onu

Ololade Omosan-Agie The Minister of Science, Technology, and Innovation, Dr. Ogbonnaya Onu, has said…
NEPZA seeks partnership to reposition precious stones industry

Oluwasina Phillip The Nigeria Export Processing Zones Authority has said it is on the verge of convi…
Firm To Empower Nigerians Through Planting Of 25 Million Economic Trees

Green Sahara Farms has unveiled plans to lift about 84,000 people out of poverty across the country …
ICPC Secures Interim Forfeiture of N110.4m Traced To Primary School Teacher, Accomplice

A Federal High Court in Abuja, has ordered the interim forfeiture of N110.4m traced to the bank acco…
Equities gain N981b in six days

Investors in Nigerian equities have earned more than N981 billion in net capital gains in the past s…
FirstBank to Lead Discussions on Economic Recovery

Ololade Omosan-Agie First Bank of Nigeria Limited is set hold its Nigerian Economic Outlook Webinar …
Customs Confiscates N7.8bn Rice, Other Contraband, Arrests 116 Smugglers

The Federal Operations Unit (FOU), Zone A of the Nigeria Customs Service (NCS) seized 82,171 bags of…
Stanbic IBTC Holdings to establish fintech subsidiary

Stanbic IBTC Holdings Plc announced on Tuesday that it had commenced the process of seeking regulato…
World Bank gets approval for N500m climate change project

The Kano State Executive Council has approved N500m as counterpart funding for the implementation of…
SON Moves to Standardise Nigeria’ Oil and Gas Sector

Ebuka Daniel The Standards Organisation of Nigeria (SON) has announced plans to standardise the nati…
Stock Market Performance Drops By N20bn

Ololade Omosan-Agie The stock market of the Nigerian Exchange Limited (NGX) halted its previous five…
First Bank appoints three new executive directors

FBN Holdings Plc has notified the Nigerian Exchange Limited and the investing public of the appointm…
LCCI express worry over rising debt

Oluwasina Phillip The Lagos Chamber of Commerce and Industry has advised the Federal Government to…
Subsidy: NLC directs affiliates, CSOs to mobilise for protests

The Nigeria Labour Congress has directed its members, affiliate unions, and civil society partners t…
Nigeria’s external reserve loses $24 million in first week of 2022

Nigeria’s external reserve dipped $24.3 million in the first week of the year to close at $40.49 bil…
Afreximbank, Bank of Egypt commit to drive investments, enhance trade

Ebuka Daniel African Export-Import Bank (Afreximbank) and the National Bank of Egypt (NBE) have sign…
NPA should refund N40.13b, $921.64m to Fed Govt, says AGF

The Auditor-General for the Federation has indicted the Nigeria Port Authority (NPA) for failure to …
Discos’ indebtedness hits N326bn in nine months, says FG

The shortfall in remittances by power distributors to the Nigerian Bulk Electricity Trading Company …
Devalue Currency, Increase Interest Rate, IMF Tells Nigeria, Others

The Central Bank of Nigeria is currently being faced with renewed pressures from the International M…
MDAs Created 2.1m New Jobs In 2021—FG

Ololade Omosan-Agie Federal ministers and heads of agencies have reported the creation of 2.1 millio…
FCMB, Ogun State to provide Affordable Loans for Home Ownership

Ololade Omosan-Agie Residents of Ogun State who desire to own homes now have an opportunity to do so…
Nigeria Must Return to Agriculture for Economic Sustainability, FG Insists

President Muhammadu Buhari has said Nigerians must return to agriculture in order to become a self-s…
Lagos unveils mass housing scheme for residents

Ebuka Daniel The Lagos State Development and Property Corporation says it has unveiled 480 units of …
Senate probes N14.7bn PHCN privatisation fund

Oluwasina Phillip The Senate Committee on Public Accounts has begun investigation of N14.7bn proceed…
Take claims settlement seriously, NAICOM urges insurance firms

The Commissioner for Insurance, Mr Sunday Thomas, has urged insurance companies to take claims settl…
Capital importation drops by N1.68tn – CBN

Foreign investors appear to have boycotted the Nigerian market as capital importation has dropped by…
NPA Releases Criteria For Renewal, Issuance Of New Barge Licenses

Ololade Omosan-Agie The Nigerian Ports Authority will not renew or issue new barge operations licens…
SEC to Launch Revised Master Plan

Ebuka Daniel The Securities and Exchange Commission is to organize a capital market conference to la…
NLC Describes Tax On Carbonated Drinks As Insensitive, Predatory

The Nigeria Labour Congress has rejected the imposition of excise duties (indirect tax) on locally-p…
Nigeria Playing Leading Role In Paris Agreement Implementation—FG

The federal government weekend said Nigeria’s 2050 Long-Term Low Emission Vision document is a demon…
Oil price nears $83 as fears over Omicron ease

Global oil prices continued to gain ground above $80 per barrel on Friday, helped by a growing conse…
Pension: 1,209 deceased workers’ relatives get N6.28bn

Oluwasina Phillip The relatives of 1,209 deceased workers were paid N6.18bn under the Contributory P…
Foreigners sold Nigerian stocks worth N209bn in 11 months

Foreign investors pulled out a total of N209.76bn from the Nigerian stock market from January to Nov…
FG releases N31.97bn for retirees’ accrued pension rights

Ebuka Daniel The Federal Government has released another N31.97bn for the payment of accrued pension…
Air traffic engineers threaten strike over controllers pay

Air traffic engineers under the aegis of the National Association of Air Traffic Engineers have issu…
FG spent $1.68bn on food imports in nine months – CBN

The Federal Government spent $1.68bn on food importation from January to September last year. The Ce…
Enforce ban on foreign drinks, LCCI tells FG

The Lagos Chamber of Commerce and Industry has urged the Federal Government to protect domestic manu…
Nigeria, Taiwan To Review Agreement On Promotion, Protection Of investments

Oluwasina Phillip The Ministry of Foreign Affairs of the Republic of China (Taiwan) and the Nigeria …
Discos’ revenue targets based on electricity consumption – ANED

Revenue targets by power distribution companies are set based on the electricity consumption of cons…
It’s Disappointing That Only 2.5% Of Arable Land In Nigeria Is Cultivated—Buhari

Oluwasina Phillip President Muhammadu Buhari has expressed disappointment that only 2.5 per cent of …
Buhari Says Nigeria Will Accept More Loans From China

President Muhammadu Buhari has said that Nigeria is willing to take more loans from China to build i…
Shareholders Approve Re-Constitution Of NCX Board

Ebuka Daniel Shareholders have approved the re-constitution of the Board and Executive Management of…
Customs Seized 5,096 Items With Duty Paid Value Of N13.79bn

Oluwasina Phillip The Nigeria Customs Service on Thursday said it generated the sum of N2.24trn for …
Airtel Trades At Over N1,000 Per Share After Hitting Record High

Ololade Omosan-Agie The share price of Airtel Africa has crossed the N1,000 mark at the close of tra…
Buhari Describes Power Sector Privatization As ‘Political Favour’

President Muhammadu Buhari on Wednesday faulted the privatization of the power sector that was done …
Lagos-Ibadan Rail Project ‘ll Raise Our Wage Bill By N567.4m To N9.7bn—-NRC

Ebuka Daniel The Managing Director of the Nigerian Railway Corporation, Mr Fidet Okhiria, on Tuesday…
Abuja Chamber Tasks Govt on Insecurity, High Taxes

The President, Abuja Chamber of Commerce and Industry (ACCI), Dr. Al-Mujtaba Abubakar has tasked the…
Ararume Removed as NNPC Chair, Replaced by Okadigbo

Ololade Omosan-Agie President Muhammadu Buhari has approved the appointment of a nine-man Board for …
FG Generates N1.1trn Revenue From MDAs In 11 Months

The Federal Government on Wednesday said it generated over N1.1trn through Independent Revenue from …
FG Predicts Double Digit Inflation For 2022

The Minister of Finance, Budget and National planning, Zainab Ahmed, has revealed that Nigeria’…
Buhari Appoints Salami New Economic Adviser

Oluwasina Phillip President Muhammadu Buhari has approved the appointment of Doyin Salami …
Discos Remit Only N265.03bn of N519.77bn Invoices to NBET in Six Months

Electricity Distribution Companies (Discos) only managed to remit N265.03 billion of the expected N5…
SEC Reminds Fund Managers on Payment of Regulatory fees

Ebuka Daniel The Securities and Exchange Commission has reminded all fund managers that payment of t…
N50bn export facility boosts women-led businesses

Small and Medium Enterprises and women-led businesses are benefitting from the impact of the N50bn E…
NIMASA To Digitise Manifests For All Vessels

Ololade Omosan-Agie The Nigerian Maritime Administration and Safety Agency has started the digitalis…
Onne Port Raked N188.64bn in 2021, say Customs

Oluwasina Phillip The Area ll Command of the Nigeria Customs Service in Onne Port has said it collec…
Seplat Sacks Ex-CEO From Board

The crisis rocking Seplat Energy Plc deepened on Thursday as the energy giant has sacked Mr Austin A…
BUA, Vitafoam Lose Secretary, Director In One Month

Another tragedy has rocked two players in the consumer and industrial goods sector as BUA Cement Plc…
Yuletide: FG Declares Free Train Services For Nigerians

OluwasinaPhillip The federal government on Friday, announced that there will free train services fro…
Reverse power sector privatisation, electricity workers tell FG

The National Union of Electricity Employees, on Tuesday, called on the Federal Government to reverse…
Foreign investors withdraw N173.32bn from stock market

Foreign investors pulled out a total of N173.32bn from the Nigerian stock market from January to Oct…
Qatar Airways resumes flight to Abuja

Qatar Airways has commenced a direct flight to Abuja, the Nigerian capital, effective December 1, 20…
We Are Not Conducting Survey, Not Recruiting, NNPC Warns

The Nigerian National Petroleum Company Limited (NNPC), has said it is not behind a competition tren…
DMO Issues Fresh N250bn Sukuk To Finance Road Projects

Oluwasina Phillip The Debt Management Office has flagged off the issuance of the Federal Government’…
Lagos issues N137bn bond for Lekki road projects, healthcare, others

The Lagos State Government has said all statutory instruments that will facilitate the raising of N1…
Minister Inaugurates Committee On Implementation Of Joint Agreement With Ghana

Oluwasina Phillip The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo has inaugur…
FG implementing reforms to attract more investments – DMO

The Debt Management Office has said the Federal Government is implementing several reforms to attrac…
NIMASA reduces stevedoring rates for oil firm, others

The Nigerian Maritime Administration and Safety Agency has renewed its revised Offshore Cargo Handli…
NCC Sets New Mobile International Termination Rate for Voice Services –

Ololade Omosan-Agie The Nigerian Communications Commission (NCC) has determined the new Internationa…
I Left NEPC Better Than I Met It—Awolowo

Mr Olusegun Awolowo was appointed as the Executive Director/Chief Executive Officer of the Nigeria E…
(SPECIAL REPORT) How NEPC’s Zero Oil Plan Under Awolowo Accelerated Economic Diversification For Nigeria

Ebuka Daniel Since the establishment of the Nigerian Export Promotion Council 45 years ago, as the c…
Shareholders Approve Access Bank’s Planned Holdco Structure

Shareholders of Access Bank Plc yesterday approved a Holding company structure (Holdco) for the bank…
Real Owners Of Nigeria’s Oil, Gas Assets Will Be Released Next Month—-FG

Begining from January next year, the Federal Government will make public the real owners of oil, gas…
World Bank Begins $800m Cash Transfer To Nigerians

Ololade Omosan-Agie The World Bank is about to begin an $800m Conditional Cash Transfer programme in…
AfDB Approves $170m For Investment In Nigeria’s Digital Start-Ups

The Board of Directors of the African Development Bank has approved a loan of $170m to finance a dig…
BUHARI COMMENDS SEGUN AWOLOWO ON TENURE AS NEPC EXECUTIVE DIRECTOR

Ololade Omosan-Agie President Muhammadu Buhari has given plaudits to the immediate past Executive Di…
We’ll toll Nigerian roads to repay infrastructure debts – Emefiele

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said most of the roads constructed…
NIMASA partners agric ministry to end illegal fishing

The Nigerian Maritime Administration and Safety Agency has said it is seeking the partnership of the…
5G: No Connection Between Tinubu And Mafab Communications, Says NCC

Oluwasina Phillip The Nigerian Communications Commission on Thursday denied knowledge of any connect…
NEPZA Opposes Customs Service Bill

The Nigeria Export Processing Zones Authority has opposed some sections of the proposed Custom Servi…
Inflation Rate Drops To 15.40% In November- NBS

Oluwasina Phillip The Consumer Price Index which measures inflation, continued its downward trend in…
PTAD Finally Pays N17bn Liabilities To Defunct FG Pensioners

Succour finally came the way of pensioners of five defunct agencies of the Federal Government as the…
NNPC Assures Nigerians Of Adequate Supply Of Petrol During Festive Period

Ololade Omosan-Agie The Nigerian National Petroleum Company Ltd on Tuesday assured Nigerians that it…
FG To Send Lists Of Banks Holding TSA Funds To EFCC

The Federal Government is currently compiling the lists of Deposit Money Banks that are yet to remit…
You Have No Business With Revenue Collection, Finance Minister Tells RMAFC

Oluwasina Phillip The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has restat…
Nigeria’s Debt Burden Hits N38trn–DMO

Ebuka Daniel Nigeria is experiencing a worsening debt level as the country’s indebtedness rose…
Reps pass Finance Bill for second reading

The House of Representatives has passed the Finance Bill 2021 for second hearing. In what looked lik…
African Development Bank Provides $210m Loan For Nigeria’s Special Processing Zones

Ololade Omosan-Agie A $210m loan approved by the African Development Bank’s Board of Directors on Mo…
FG may impose new taxes, tariffs soon says Finance Minister

The Federal Government has indicated the possibility of introducing new taxes, tariffs and levies as…
Abuja fuel queues worsen, supply crisis lingers

Oil marketers has attributed the widespread queues for Premium Motor Spirit, popularly called petrol…
Access Bank, IFC empower 100 African female entrepreneurs

Access Bank Plc and the International Finance Corporation have empowered 100 female entrepreneurs ac…
NNPC to halt rising cooking gas price, increases supply

Hopes of Nigerians for a reduction in the high prices of domestic cooking gas has been rekindled fol…
Over 881,081 Nigerians, Businesses Got N503bn Covid-19 Loans—NIRSAL MFB

Oluwasina Phillip Over 881,081 Nigerians and businesses have secured loans valued at over N503.27bn …
FCCPC Awards Young Consumers As FGC Keffi Wins Big At National Consumer Contest.

Oluywasina Phillip The Federal Government College, Keffi, Nasarawa State, has emerged the overall wi…
NEPC To Tackle Informal Trade Through Domestic Export Warehouses

The Nigerian Export Promotion Council has revealed plans to tackle the high rate of informal trade i…
5G spectrum licence auction kicks off at $199.37m

The Nigerian Communications Commission has begun the auction for the two slots of 3.5 GHz Spectrum a…
FINANCE BILL 2021: “Our Tax System Must Work For Every Nigerian” — FIRS Chairman

Ebuka Danil The 2021 Finance Bill must be tailored towards enabling an efficient tax system that wor…
Nigeria imports N143bn solid minerals in nine months

Nigeria imported solid minerals worth N143.1bn from January to September this year, according t…
Travel bans threaten jobs, economic recovery, says LCCI

The Lagos Chamber of Commerce and Industry has said the travel bans imposed on Nigeria are threateni…
63.97 million telephone lines disconnected amid SIM–NIN linkage

A total of 63.97 million lines were disconnected in one year amid the National Identity Number-Subsc…
FG Reduces Emirates Flights to Once Weekly

In a move signalling reciprocity of action, Nigeria’s government, yesterday reduced Emirates flight …
10,000 Bauchi farmers to N5.7bn for dry season farming—CBN

The Central Bank of Nigeria has set aside over N5.7bn to give as loan to 10,000 farmers to encourage…
Afreximbank, firm sign $2bn deal for Nigeria’s floating LNG

UTM Offshore, a Nigerian marine and services group, and the African Export-Import Bank have signed a…
NCC To Intensify Broadband Penetration To 774 Local Govts

The Nigerian Communications Commission has admitted that digital divide has remained a setback for r…
Omicron: Saudi Arabia Suspends Flight From Nigeria

Saudi Arabia has suspended flights from Nigeria due to the COVID19 Omicron strain. The ban follows t…
Nigeria To become Net Exporter Of Petroleum Products By 2023—NNPC

The Group Managing Director of the Nigerian National Petroluem Company Ltd, Mr. Mele Kyari has said …
Kyari Advocates More Oil & Gas Investments To Tackle Global Energy

Ololade Omosan-Agie The Group Managing Director of the Nigerian National Petroleum Company Ltd, Mr M…
Bank Of Industry Supports Nigeria’s Health Sector With N100bn

Oluwasina Phillip Within the last five years covering 2016 to 2021, a whopping amount of N100bn has …
NEPC gets top position in ethics and integrity

Ebuka Daniel The Nigerian Export Promotion Council (NEPC) has been ranked third on the list of ethic…
DBN Becomes First DFI in Nigeria to Attain SSCI Level 5 RATING

Ololade Omosan-Agie Nigeria’s foremost Development Finance Institution, Development Bank of Nigeria …
Buhari Sacks AEDC Management After Strike Action

President Muhammadu Buhari has sacked the management of the Abuja Electricity Distribution Com…
Foreign Affairs Perm Sec Seeks Direct Air Link Between Nigeria, Algeria

The Permanent Secretary, Ministry of Foreign Affairs, Ambassador Gabriel Tanimu Aduda, has advocated…
NDPHC Awards Power Installation Contract For Owerri Substation

Ebuka Daniel The Niger Delta Power Holding Company (NDPHC) Limited has awarded the contract for imme…
FIRS Generates N4.9trn Revenue For Govt

Oluwasina Phillip The Federal Inland Revenue Service said it generated the sum of N4.9trn between Ja…
ICPC Investigates N950m Covid-19 Fund Utilization By UniPort Teaching Hospital, Others

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has commenced an inve…
NEPC blames zero export from North-East on insurgency

Nigerian Export Promotion Council says it is witnessing a surge in the registration of exporters in …
Investors lose N598bn as large-cap stocks decline

The Nigerian stock market declined by N598bn at the end of last week as some large-cap stocks record…
Bankers’ Committee outlines $100m for National Arts Theatre rehabilitation

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said the project aimed at revampin…
60th Anniversary: OAU Honours Owasanoye, Dipeolu, Adesina, 57 Others

Ebuka Daniel The Obafemi Awolowo University (OAU), Ile Ife has honoured the Chairman of the Independ…
Nigeria’s imports rise to N8.2tn in Q3 – NBS

The National Bureau of Statistics on Monday disclosed that total foreign trade in Nigeria rose to N1…
Nigeria marks National Day at Expo 2020 Dubai

As today marks Nigeria’s National day at the World Expo – “Expo 2020 Dubai” …
Buhari transmits Finance Bill to NASS for 2022 budget

President Muhammadu Buhari, has transmitted the Finance Bill 2021 to the National Assembly for consi…
(PHOTOS) Nigeria’s Ambassador To WTO Discusses Trade With Saudi Arabia, Gambia Envoys

Ambassador of Nigeria to the WTO in Geneva, Switzerland, H. E. (Dr) Adamu Mohd Abdulhami…
BRIDGING PAYMENTS FOR PMS REMAINS, SAYS NMDPRA

Ebuka Daniel The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said it w…
Emirates Airline Lifts 11-Months Flight Suspension On Nigeria

Oluwasina Phillip Emirates Airline has said that it will resume its passenger operations between Dub…
Make Foreign Exchange Policies Friendly To Investors, Osinbajo Tells CBN

Oluwasina Phillip Nigerian Vice President Yemi Osinbajo who has been a critic of the Central Bank of…
MTN Shares Dropped By N19 On After Commencement Of Public Offer

Ololade Omosan-Agie MTN Nigeria Plc’s shares dropped to N171 as the company opened a portal fo…
No going back on January 1, deadline for IFRS 17 – NAICOM

The Commissioner, National Insurance Commission, Mr Sunday Thomas, has said there is not going back …
ICAN Blames Governance, Organisational Failures On Trust Deficit Responsible

Oluwasina Phillip The Institute of Chartered Accountants of Nigeria has identified trust deficit as …
N97bn shares’ sale not to exit Nigeria, says MTN

MTN Nigeria Communications Plc is set to raise at least N97.18bn from its public offer to retail inv…
Retirees collect N890bn from govts, private sector

The total number of retirees under the Contributory Pension Scheme has risen by 27 per cent in two y…
Export promotion council tackles low export volume

The Nigerian Export Promotion Council has intensified its engagement with farmers, food processors a…
CBN automates non-commercial exports form for dealers

The Central Bank of Nigeria said that it had automated the Non-Commercial Exports form for stakehold…
Technological Innovations Will Improve Market Efficiency- SEC DG

Ebuka Daniel Technological innovations have been identified as one of the factors that could enhance…
Mushroom producers seek inclusion in CBN’s ABP

Ololade Omosan-Agie The National Mushroom Growers, Processors and Marketers Association of Nigeria h…
BUHARI VOWS TO SANCTION CORRUPT PUBLIC SERVANTS

Oluwasina Phillip The Federal Government will sanction those who bring in personnel into the public …
AfDB President Cautions FG Against Raising Taxes

The African Development Bank President, Mr Akinwumi Adesina on Tuesday said that the low tax to Gros…
Why Nigeria Did Not Sign OECD Minimum Corporate Tax Agreement — FIRS

Ebuka Daniel The Federal Inland Revenue Service has explained why Nigeria did not sign the Orga…
Yakusak Takes Over From Awolowo As NEPC Boss

Ebuka Daniel The new Executive Director, Nigerian Export Promotion Council, Ezra Yakusak has pledged…
Agricultural Sector Highest Contributor To Nigeria’s GDP—FG

Ololade Omosan-Agie The Federal Government on Monday said that despite the insecurity in the economy…
AMCON A ‘Special Animal’ Created By Government To Deal With A Special Problem – Dimgba

Justice Nnamdi Dimgba of the Federal High Court Awka Division at the weekend rose in strong defense …
SEC Warns Companies, Registrars on Selective Dividend Payment

Oluwasina Phillip The Securities and Exchange Commission (SEC) has warned quoted companies and capit…
IATF: Nigeria, Others Secure $42.1bn Trade, Investment Deals

Ebuka Daniel The second Intra-African Trade Fair (IATF 2021) generated a record setting $42.1bn in t…
Take Advantage of Master Plan Initiatives- Ahmed Urges Investors

Ebuka Daniel Investors in the capital market have been urged to take advantage of initiatives introd…
NDDC plans massive rice production in Niger Delta States

Ololade Omosan-Agie The Niger Delta Development Commission has said the region would soon become the…
Nigeria, Qatar mull partnership on gas development

Ouwasina Phillip The Federal Government and the State of Qatar are considering partnership that will…
SEC to crackdown on Ponzi schemes, illegal fund managers

The Securities and Exchange Commission has vowed to continue to crack down on Ponzi schemes and ille…
Spillage: FG Mulls Stiffer Penalties for Oil Firms

The federal government is considering stiffer punishments for companies involved in oil spillage in …
CBN urges FG to prioritise investment in infrastructure

The Central Bank of Nigeria has urged the Federal Government to prioritise investment in infrastruct…
Stock trading volume drops, market cap stalls at N22.58tn

The market capitalisation of stocks listed on the Nigerian Exchange Limited remained unchanged at th…
FG Fixes April 2022 Take Off Date For Air Nigeria

Three years after it was unveiled, the Federal Government on Wednesday said Air Nigeria, the propose…
NAICOM Warns Against Non-Settlement Of Insurance Claims

Ebuka Daniel The National Insurance Commission on Wednesday warned the management of insurance compa…
Sylva Visits Oil-Ravaged Nembe Community After Spill

The Minister of State for Petroleum Resources, Timipre Sylva, has said that the oil spillage at the …
Why We Are Working Hard To Keep First Bank Afloat–Emefiele

Oluwasina Phillip The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that First …
AfCFTA: FG, States Seek Strategic Partnership To Drive Export Growth

Oluwasina Phillip The Minister of Industry, Trade and Investment, Niyi Adebayo, has said the African…
‘835,161 SMEs have received N56.84bn survival fund’

The Permanent Secretary, Federal Ministry of Industry, Trade and Investment, Dr Evelyn Ngige, said o…
Fraudsters Planning To Dupe Nigerians With Davido’s N250m Donation —-NCC

Oluwasina Phillip The Nigerian Communications Commission (NCC) on Tuesday warned telecom users/consu…
FG ‘ll Replace Fuel Subsidy With N5,000 Monthly Grant To 40 Million Nigerians—Finance Minister

Ebuka Daniel The Federal Government is planning to replace fuel subsidy with a N2.4trn annual transp…
2022 Budget Will Be Passed December 14–Senate President

Senate President Ahmad Lawan, on Tuesday, gave the Senate Committee on Appropriations till Wednesday…
Leadway Didn’t Violate Our Law By Investing In First Bank—PenCom

Oluwasina Phillip The National Pension Commission has said that Leadway Pensure Limited has not brea…
FG Targets $1.2bn Exports Revenue For States Through AfCFTA

Oluwasina Phillip The Secretary, National Action Committee on the African Continental Free Trade Are…
NIGERIAN AUTO COMPANIES SET TO EXPORT VEHICLES TO AFRICA – DG NADDC

Ololade Omosan-Agie The Director-General of the National Automotive Design and Development Council, …
FG Seeks Russia’s Assistance To resuscitate Moribund Ajaokuta Steel Company

The President of the Nigerian Russian Business Council, Adetokunbo Kayode on Monday said that Nigeri…
SEC Nigeria Commemorates World Investor Week

Ololade Omosan-Agie The Securities and Exchange Commission, in collaboration with the Financial Lite…
AfDB to Spend $110m on Roads, Sanitation, Others in Kano

African Development Bank (AfDB) is set to spend the sum of $110million on rural roads, transport inf…
FG November bonds oversubscribed by N117.15bn – DMO

Oluwasina Phillip The Federal Government’s bonds for November worth N150bn, which were auctioned on …
PTAD Pays N695m To 418 Pensioners In Three Months

The Pension Transitional Arrangement Directorate has said it paid a total of N694.9m to 418 pensione…
Kuru Submits List Of Top 1,000 AMCON Debtors To National Assembly

Oluwasina Phillip In another deft strategy to intensify its debt recovery drive in the country, the…
AfDB approves $150m for agriculture purposes in AfricaLifestyle Nigeria

Ololade Omosan-Agie The African Development Bank Group has approved a $150m facility for the ETC Gro…
We Are Retiring 152 Top Management Staff With Fat Salaries—SEC

The Senate has expressed shock when told by the Securities and Exchange Commission, SEC, that it spe…
Afreximbank signs MOU with African Risk Capacity Group on risk financing

Ebuka Daniel The African Export-Import Bank (Afreximbank) and African Risk Capacity (ARC) Group sign…
Stock market loses N49bn as 24 firms decline

The equities market of the Nigerian Exchange Limited declined by N49.21bn at the end of trading on W…
Train Services Grounded As Railway Workers Begin Strike Today

Railway service across the country has been grounded following the industrial action instituted by t…
Nigeria’s Economy Contracts To 4.03% In Q3, Says NBS

Ololade Omosan-Agie The Nigerian economy contracted during the third quarter of this year from a Gro…
Commodities Exchanges will create Jobs, Facilitate Development- SEC DG

Ololade Omosan-Agie Commodities Exchanges has been described as critical to enabling investment dive…
Obasanjo Advocates for Made-In-Africa Brand to Instill Pride in African products

Ebuka Daniel The third day of the Intra-African Trade Fair 2021 (IATF2021) ended with a clarion call…
Again, NCC alerts of hacking group targeting Telcos, ISPs

Oluwasina Phillip In keeping with its commitment to continuously keep stakeholders in the country’s …
FG, States, LGAs Share N671. 910bn Revenue For October

Oluwasina Phillip The Federation Accounts Allocation Committee, has shared a total of N671.91bn Octo…
Orjiako to step down as Chairman of Seplat Energy in May

Ebuka Daniel Seplat Energy Plc announces the decision of its Chairman, Dr. A.B.C. Orjiako to step do…
Ibom Air Purchases Ten New A220 Aircraft, Set For International Flight

Ibom Air has ordered ten all-new A220 aircraft with Airbus, at the ongoing Dubai Air show. The Akwa …
Afreximbank signs US$1.04 Billion deal with NNPC at IATF2021

Oluwasina Phillip African Export-Import Bank (Afreximbank) has signed a $US1.04 billion facility wit…
More action needed to solve Nigeria’s employment crisis – Minister

The Minister for Labour and Employment, Dr Chris Ngige, has said more action is needed to solve the …
FISCAL RESPONSIBILITY COMMISSION VERIFIES N639m PROJECTS IN FEDERAL MEDICAL CENTRE

Ebuka Daniel Fiscal Responsibility Commission has verified N639m worth of projects in Federal Medica…
GROUP SEEKS SUPPORT FOR FG-UN REEN WALL INITIATIVE

Oluwasina Phillip In an effort to ameliorate the problems of land degradation, desertification, depl…
Large-cap stocks drag market down as investors lose N11.83bn

Ololade Omosan-Agie The Nigerian equities market started the week on a negative note as declines in …
CBN Disburses N3trn Loans To MSMEs

Oluwasina Phillip The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele has said that he h…
FG pegs application fee for 5,000 houses at N10,000

The application fee required for each of the 5,000 houses built in 34 states of the federation by th…
Poverty rate in most North-East states is 70% – World Bank

The World Bank has put poverty rate in most states of the North-East at 70 per cent, adding that the…
African Heads of State Converge in Durban for Intra-African Trade Fair 2021 Opening Ceremony

Ebuka Daniel The Intra-African Trade Fair (IATF2021) kicked off with spectacular fanfare on 15th Nov…
MARINE ACCIDENT: INTER AGENCY COLLABORATION KEY TO SOLUTION -NIMASA DG

Oluwasina Phillip Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA…
iPRODUCE AFRICA FUNDED BY THE ISD TO BOOST EXPORT CAPABILITIES OF AGRI-ENTREPRENEURS

iProduce Africa, an agribusiness hub sponsored by the Islamic Development Bank, is striving to boost…
Nigerian banks lend private sector N4.1tn in one year –Report

The Nigerian banking sector’s credit to the private sector rose by N4.1tn or 13.8 per cent between S…
FG has completed 11,000 houses nationwide – Fashola

The Federal Government has completed 11,000 housing units across the country, the Minister of Works …
Nigeria’s Inflation Rate Drops Seventh Consecutive Months To 15.99%, Says NBS

Ebuka Daniel The National Bureau of Statistics has said that Nigeria’s inflation rate declined…
12 million face hunger in Lagos, Kaduna, 19 others – UN

The October 2021 food security and nutrition analysis, known as the Cadre Harmonise, conducted in 20…
Lack Of Interest In Agric Exposing Nigerians To Unemployment—FG

The Federal Government has said that the lack of interest in agriculture is responsible for the risi…
FIRS Chairman Elected 15th President Of Commonwealth Tax Administrators Forum

Ebuka Daniel The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, a r…
FG Raises Price of Pre-Paid Meter From N44,896.17 To N58,661.69.

The Federal Government has raised the price of both single-phase and three-phase electricity meters …
How Dangote, MTN, Others Raised N683bn From Bond Market

Bonds issued on the Nigerian Exchange Ltd have risen to N683.2bn as Nigerian companies embrace the f…
Finance Minister assures NBS of more funding for statistical data

Ebuka Daniel Following complaints of underfunding, the Minister of Finance, Budget and National Plan…
Attainment Of SGDs By 2030 Not Possible Without Technical, Vocational Education—FG

The Minister of Education, Adamu Adamu on Thursday said that the attainment of Sustainable Developme…
Why We Are Struggling So Hard With Infrastructure – Buhari

Ololade Omosan-Agie President Muhammadu Buhari has said that Nigerians would be able to look after t…
NEPZA solicits NASS intervention on robust appropriation for SEZs development

Ebuka Daniel The Nigeria Export Processing Zones Authority (NEPZA) has solicited the intervention of…
N800bn Needed To Complete Ongoing Projects In Abuja—FCT Minister

Oluwasina Phillip The Minister of the Federal Capital Territory, Mohammed Bello has said that a tota…
Telcos drive stock market higher, investors gain N252.41bn

MTN Nigeria Communications Plc and Airtel Africa Plc led the top five stocks by value at the end of …
$450bn refinery investments coming to Nigeria, others – OPEC

The Organisation of Petroleum Exporting Countries on Tuesday said about $450bn worth of new refinery…
Nigeria To Borrow More As Senate Approves Buhari’s $16bn, €1bn Loan Requests

Oluwasina Phillip The Senate on Wednesday approved President Muhammadu Buhari’s External Borrowing (…
We are Committed to Green Economy – SEC

Ololade Omosan-Agie The Securities and Exchange Commission has stated that it will continue to striv…
I Have No Hand In Plot To Redeploy Perm Sec, Says Trade Minister

Oluwasina Phillip The Minister of Industry Trade and Investment, Richard Adebayo has distanced himse…
Civil Servants Ground Business Activities At Trade Ministry, Demand Redeployment Of Perm Sec

Ebuka Daniel Business activities were on Wednesday paralysed at the Ministry of Industry, Trade and …
FG, States Earned N849.1bn IGR In First Half Of 2021—NBS

Oluwasina Phillip Within the first half of this year, the 36 states and the Federal Capital Territor…
NEPC Eyes Factoring As Viable Instrument For MSMEs Financing

Ololade Omosan-Agie The Nigerian Export Promotion Council, NEPC, is to entrench Factoring and Forfai…
Ghana and the African Development Bank Group sign MOU to host 2022 Annual Meetings next May

Oluwasina Phillip Ghana is set to host the African Development Bank Group’s next Annual Meetings in …
FG Agrees To Cut Share Of Revenue Allocation Formular To 50.65%

Ebuka Daniel The Federal Government appears to have finally bowed to pressure to reduce its share of…
First Bank Unveils Fully Automated Self Service Branch

First Bank of Nigeria Limited, has announced the launch of its fully automated branch, called the Fi…
Four Nigerian Tech Startups Receive N20m For Innovative Solutions

Ololade Omosan-Agie Four Nigerian Tech startups have received N20m from the Nigerian Communications …
SEC, SON Seek Global Acceptance Of Nigeria’s Commodities

Ebuka Daniel The Securities and Exchange Commission has stated the need to reduce the level of sub-s…
SEC, SON, Collaborate on Commodities Standards

Ebuka Daniel The Securities and Exchange Commission and the Standards Organisation of Nigeria are se…
National Assembly tackles Amaechi over Nigeria-Niger Republic rail line, others

The Senate and House of Representatives Joint Committees on Land and Marine Transport on Thursday pr…
MTN, Airtel Secure CBN’s Approval To Operate Payment Service Bank

Ebuka Daniel The Central Bank of Nigeria has awarded MTN Nigeria PLC and Airtel Africa PLC the licen…
FG To Stop Funding Of Professional Associations

Ebuka Daniel The Federal Government has constituted two sub-committees to review the Stephen Orasany…
FG orders 10,000 tractors, others from Brazil to boost agric

Oluwasina Phillip The Federal Government is planning to buy 10,000 tractors from Brazil to boost agr…
Removal of fuel subsidy will save Nigeria N2trn, says economic expert

Oluwasina Phillip A non-governmental organisation and knowledge-based institution, Centre for Social…
SEC Urges Sustained Green Investments in Capital Market

Ololade Omosan-Agie The Securities and Exchange Commission has reiterated the need to facilitate the…
Building Collapse: NCRIB Urge Developers To Embrace Insurance

Oluwasina Phillip The Nigerian Council of Registered Insurance Brokers (NCRIB) has condoled victims …
NCC Lists Plans For Telecoms Industry Growth

Ebuka Daniel As stakeholders in Nigeria commemorate 20 years of telecoms revolution in Nigeria, the …
Non-Interest Finance Holds Great Potentials – SEC DG

Oluwasina Phillip The Director General of the Securities and Exchange Commission, Lamido Yuguda has …
DBN Seals Pact With NCIS, Others To Finance Climate-Resilient Projects

Ebuka Daniel The Development Bank of Nigeria, Financial Centre for Sustainability Lagos and Nigeria …
COP26: AfDB pledges Rehabilitation Of Lake Chad Basin

Ebuka Daniels The President, African Development Bank Group, Dr Akinwumi Adesina, has pledged the Ba…
Stock market loses N32.26bn as investors take profits

The equities market of Nigerian Exchange Limited slid by N32.26bn at the end of trading on Monday as…
Nigeria needs $1.5trn in 10 years to bridge infrastructural gap —Buhari

President Muhammadu Buhari has said Nigeria needs a cumulative amount of $1.5 trillion over a ten-ye…
Yuguda Assures Lagos Free Zone of Regulatory support

Ololade Omosan-Agie The Director General of the Securities and Exchange Commission Mr. Lamido Yuguda…
Nigeria’s Economy Set To Get Fresh $9bn Investment—NIPC

Oluwasina Phillip Investment announcements which indicate the interest of investors in the country r…
NNPC Cautions Against Panic Buying

Ebuka Daniel The Nigerian National Petroluem Corporation on Tuesday cautioned Nigerians against enga…
CBN unveils framework to empower 100 companies

The Central Bank of Nigeria has commenced the 100 for 100 Policy on Production and Productivity with…
SEC to Intensify Monitoring and Surveillance of CMOs

Oluwasina Phillip In a bid to curb poor market conduct, the Securities and Exchange Commission has r…
Stakeholders Seek More Investment Wood, Forest Resources In Nigeria

Ebuka Daniel Stakeholders such as the Design & Dwell Associates, Forestry Research Institute (FR…
FG Sets December 31 Deadline For NIM/SIM Linkage, Enrol 66 Million NIN

Ololade Omosan-Agie the Federal Government has extended the deadline for linking the National Identi…
NOTICE OF PAYMENT OF N80,000 TO SURVIVAL FUND BENEFICIARIES A SCAM, NOT FROM US – FG

Oluwasina Phillip The attention of the Steering Committee of the MSMEs Survival Fund and the Guarant…
Auto Industry Attracted N500bn Investments In Two Years–NADDC DG

Ebuka Daniel The National Automotive Design and Development Council (NADDC) has revealed that privat…

\ The Chairman of West African Insurance Supervisors Association, Mr Sunday Thomas, has highlighted …

Hackers have now found a means to compromise the security of vehicles by unlocking and starting thei…

The Federal Executive Council (FEC) at its weekly meeting Wednesday approved for the Nigeria Securit…

The Lagos Chamber of Commerce and Industry (LCCI) is seeking the partnership of the Nigerian Communi…

Airtel Africa has become Nigeria’s second telecommunication company to receive final approval …

The Infrastructure Concession Regulatory Commission (ICRC) says that it is working very assiduously …

National Insurance Commission (NAICOM) has agreed to fund the construction of a building in the Univ…

The Federal Government, on Thursday, confirmed committing the sum of N5.9 billion on training, tooli…

Nigerians may begin to enjoy 5G services soon as MTN Nigeria plans an early launch of the technology…

Key figures on the American left, Barack Obama among them, have shed thousands of followers since El…