The Commerce Africa African Reneissance
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 …
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…
NAICOM Warns Against Non-Settlement Of Insurance Claims
Ebuka Daniel The National Insurance Commission on Wednesday warned the management of insurance compa…
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, …
Train Services Grounded As Railway Workers Begin Strike Today
Railway service across the country has been grounded following the industrial action instituted by t…
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 …
MARINE ACCIDENT: INTER AGENCY COLLABORATION KEY TO SOLUTION -NIMASA DG
Oluwasina Phillip Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA…
Four Nigerian Tech Startups Receive N20m For Innovative Solutions
Ololade Omosan-Agie Four Nigerian Tech startups have received N20m from the Nigerian Communications …
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…
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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…
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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 …
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Buhari Sacks AEDC Management After Strike Action
President Muhammadu Buhari has sacked the management of the Abuja Electricity Distribution Com…
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Foreign Affairs Perm Sec Seeks Direct Air Link Between Nigeria, Algeria
The Permanent Secretary, Ministry of Foreign Affairs, Ambassador Gabriel Tanimu Aduda, has advocated…
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NDPHC Awards Power Installation Contract For Owerri Substation
Ebuka Daniel The Niger Delta Power Holding Company (NDPHC) Limited has awarded the contract for imme…
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FIRS Generates N4.9trn Revenue For Govt
Oluwasina Phillip The Federal Inland Revenue Service said it generated the sum of N4.9trn between Ja…
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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…
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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 …
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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…
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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…
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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…
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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…
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Nigeria marks National Day at Expo 2020 Dubai
As today marks Nigeria’s National day at the World Expo – “Expo 2020 Dubai” …
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Buhari transmits Finance Bill to NASS for 2022 budget
President Muhammadu Buhari, has transmitted the Finance Bill 2021 to the National Assembly for consi…
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(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…
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BRIDGING PAYMENTS FOR PMS REMAINS, SAYS NMDPRA
Ebuka Daniel The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) said it w…
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Emirates Airline Lifts 11-Months Flight Suspension On Nigeria
Oluwasina Phillip Emirates Airline has said that it will resume its passenger operations between Dub…
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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…
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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…
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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 …
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ICAN Blames Governance, Organisational Failures On Trust Deficit Responsible
Oluwasina Phillip The Institute of Chartered Accountants of Nigeria has identified trust deficit as …
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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…
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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…
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Export promotion council tackles low export volume
The Nigerian Export Promotion Council has intensified its engagement with farmers, food processors a…
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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…
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Technological Innovations Will Improve Market Efficiency- SEC DG
Ebuka Daniel Technological innovations have been identified as one of the factors that could enhance…
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Mushroom producers seek inclusion in CBN’s ABP
Ololade Omosan-Agie The National Mushroom Growers, Processors and Marketers Association of Nigeria h…
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BUHARI VOWS TO SANCTION CORRUPT PUBLIC SERVANTS
Oluwasina Phillip The Federal Government will sanction those who bring in personnel into the public …
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AfDB President Cautions FG Against Raising Taxes
The African Development Bank President, Mr Akinwumi Adesina on Tuesday said that the low tax to Gros…
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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…
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Yakusak Takes Over From Awolowo As NEPC Boss
Ebuka Daniel The new Executive Director, Nigerian Export Promotion Council, Ezra Yakusak has pledged…
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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…
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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 …
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SEC Warns Companies, Registrars on Selective Dividend Payment
Oluwasina Phillip The Securities and Exchange Commission (SEC) has warned quoted companies and capit…
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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…
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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…
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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…
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Nigeria, Qatar mull partnership on gas development
Ouwasina Phillip The Federal Government and the State of Qatar are considering partnership that will…
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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…
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Spillage: FG Mulls Stiffer Penalties for Oil Firms
The federal government is considering stiffer punishments for companies involved in oil spillage in …
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CBN urges FG to prioritise investment in infrastructure
The Central Bank of Nigeria has urged the Federal Government to prioritise investment in infrastruct…
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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…
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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…
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NAICOM Warns Against Non-Settlement Of Insurance Claims
Ebuka Daniel The National Insurance Commission on Wednesday warned the management of insurance compa…
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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 …
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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 …
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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…
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‘835,161 SMEs have received N56.84bn survival fund’
The Permanent Secretary, Federal Ministry of Industry, Trade and Investment, Dr Evelyn Ngige, said o…
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Fraudsters Planning To Dupe Nigerians With Davido’s N250m Donation —-NCC
Oluwasina Phillip The Nigerian Communications Commission (NCC) on Tuesday warned telecom users/consu…
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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…
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2022 Budget Will Be Passed December 14–Senate President
Senate President Ahmad Lawan, on Tuesday, gave the Senate Committee on Appropriations till Wednesday…
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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…
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FG Targets $1.2bn Exports Revenue For States Through AfCFTA
Oluwasina Phillip The Secretary, National Action Committee on the African Continental Free Trade Are…
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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, …
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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…
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SEC Nigeria Commemorates World Investor Week
Ololade Omosan-Agie The Securities and Exchange Commission, in collaboration with the Financial Lite…
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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…
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FG November bonds oversubscribed by N117.15bn – DMO
Oluwasina Phillip The Federal Government’s bonds for November worth N150bn, which were auctioned on …
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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…
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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…
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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…
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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…
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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…
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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…
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Train Services Grounded As Railway Workers Begin Strike Today
Railway service across the country has been grounded following the industrial action instituted by t…
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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…
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Commodities Exchanges will create Jobs, Facilitate Development- SEC DG
Ololade Omosan-Agie Commodities Exchanges has been described as critical to enabling investment dive…
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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…
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Again, NCC alerts of hacking group targeting Telcos, ISPs
Oluwasina Phillip In keeping with its commitment to continuously keep stakeholders in the country’s …
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FG, States, LGAs Share N671. 910bn Revenue For October
Oluwasina Phillip The Federation Accounts Allocation Committee, has shared a total of N671.91bn Octo…
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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…
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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 …
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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…
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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 …
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FISCAL RESPONSIBILITY COMMISSION VERIFIES N639m PROJECTS IN FEDERAL MEDICAL CENTRE
Ebuka Daniel Fiscal Responsibility Commission has verified N639m worth of projects in Federal Medica…
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GROUP SEEKS SUPPORT FOR FG-UN REEN WALL INITIATIVE
Oluwasina Phillip In an effort to ameliorate the problems of land degradation, desertification, depl…
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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 …
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CBN Disburses N3trn Loans To MSMEs
Oluwasina Phillip The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele has said that he h…
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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…
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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…
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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…
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MARINE ACCIDENT: INTER AGENCY COLLABORATION KEY TO SOLUTION -NIMASA DG
Oluwasina Phillip Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA…
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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…
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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…
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FG has completed 11,000 houses nationwide – Fashola
The Federal Government has completed 11,000 housing units across the country, the Minister of Works …
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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…
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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…
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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…
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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…
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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 …
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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…
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Finance Minister assures NBS of more funding for statistical data
Ebuka Daniel Following complaints of underfunding, the Minister of Finance, Budget and National Plan…
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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…
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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…
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NEPZA solicits NASS intervention on robust appropriation for SEZs development
Ebuka Daniel The Nigeria Export Processing Zones Authority (NEPZA) has solicited the intervention of…
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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…
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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 …
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$450bn refinery investments coming to Nigeria, others – OPEC
The Organisation of Petroleum Exporting Countries on Tuesday said about $450bn worth of new refinery…
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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 (…
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We are Committed to Green Economy – SEC
Ololade Omosan-Agie The Securities and Exchange Commission has stated that it will continue to striv…
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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…
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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 …
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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…
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NEPC Eyes Factoring As Viable Instrument For MSMEs Financing
Ololade Omosan-Agie The Nigerian Export Promotion Council, NEPC, is to entrench Factoring and Forfai…
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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 …
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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…
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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…
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Four Nigerian Tech Startups Receive N20m For Innovative Solutions
Ololade Omosan-Agie Four Nigerian Tech startups have received N20m from the Nigerian Communications …
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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…
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SEC, SON, Collaborate on Commodities Standards
Ebuka Daniel The Securities and Exchange Commission and the Standards Organisation of Nigeria are se…
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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…
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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…
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FG To Stop Funding Of Professional Associations
Ebuka Daniel The Federal Government has constituted two sub-committees to review the Stephen Orasany…
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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…
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Removal of fuel subsidy will save Nigeria N2trn, says economic expert
Oluwasina Phillip A non-governmental organisation and knowledge-based institution, Centre for Social…
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SEC Urges Sustained Green Investments in Capital Market
Ololade Omosan-Agie The Securities and Exchange Commission has reiterated the need to facilitate the…
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Building Collapse: NCRIB Urge Developers To Embrace Insurance
Oluwasina Phillip The Nigerian Council of Registered Insurance Brokers (NCRIB) has condoled victims …
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NCC Lists Plans For Telecoms Industry Growth
Ebuka Daniel As stakeholders in Nigeria commemorate 20 years of telecoms revolution in Nigeria, the …
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Non-Interest Finance Holds Great Potentials – SEC DG
Oluwasina Phillip The Director General of the Securities and Exchange Commission, Lamido Yuguda has …
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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 …
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COP26: AfDB pledges Rehabilitation Of Lake Chad Basin
Ebuka Daniels The President, African Development Bank Group, Dr Akinwumi Adesina, has pledged the Ba…
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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…
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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…
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Yuguda Assures Lagos Free Zone of Regulatory support
Ololade Omosan-Agie The Director General of the Securities and Exchange Commission Mr. Lamido Yuguda…
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Nigeria’s Economy Set To Get Fresh $9bn Investment—NIPC
Oluwasina Phillip Investment announcements which indicate the interest of investors in the country r…
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NNPC Cautions Against Panic Buying
Ebuka Daniel The Nigerian National Petroluem Corporation on Tuesday cautioned Nigerians against enga…
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CBN unveils framework to empower 100 companies
The Central Bank of Nigeria has commenced the 100 for 100 Policy on Production and Productivity with…
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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…
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Stakeholders Seek More Investment Wood, Forest Resources In Nigeria
Ebuka Daniel Stakeholders such as the Design & Dwell Associates, Forestry Research Institute (FR…
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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…
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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…
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Auto Industry Attracted N500bn Investments In Two Years–NADDC DG
Ebuka Daniel The National Automotive Design and Development Council (NADDC) has revealed that privat…
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FIRS Warns Foreign Firms, Airlines Against Tax Evasion
Ololade Omosan-Agie The Federal Inland Revenue Service has threatened to deal with foreign companies…
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FAAC Allocates N739.9bn To Three Tiers Of Govt
Ebuka Daniel The Federation Accounts Allocation Committee (FAAC) has shared a total of N739.965bn Se…
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Social Media Vital For Economic Development—AfDB President
The President of the African Development Bank, Akinwumi Adesina, has said that Nigerians and other n…
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Real Estate used for Money Laundering, IFFs – ICPC Chairman
Oluwasina Phillip The Chairman of the Independent Corrupt Practices and Other Related Offences Commi…
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CBN Flags-off Digital Financial Inclusion for Women, Youth
Ebuka Daniel In its drive to ensure the digital financial inclusion of women and youth across Nigeri…
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PenCom Introduces Non-Interest Fund For Pension Contributors, Issues Operational Framework
Ololade Omosan-Agie The National Pension Commission has introduced a non-interest fund for contribut…
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Financial Reporting Council Set To Sanction Banks, PFAs Over IFRS Violation
Oluwasina Phillip The Financial Reporting Council of Nigeria is undertaking a review of the financia…
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Guaranty Trust Holdings Profit, Income Drop In Income, Profit
Ebuka Daniel Guaranty Trust Holding Company Plc has lost billions after profit and interest income d…
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Hassan-Odukale Displaces Otedola As Largest Single Shareholder Of FBN Holdings
Oluwasina Phillip Exactly four days after billionaire businessman, Femi Otedola, emerged as the high…
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CBN Warns Nigerians Against Fake eNaira Wallet Floated By Fraudsters
Ololade Omosan-Agie The Central Bank of Nigeria has disassociated itself from a social media handle …
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Stanbic IBTC Holdings’ Profit Down By 40% In 9 Months
Oluwasina Phillip Stanbic IBTC Holdings Plc has announced 40 per cent drop in profit in its nine mon…
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Digital Economy in Nigeria has many potentials for investment, Says Buhari
Ebuka Daniel President Muhammadu Buhari on Tuesday in Riyadh, Saudi Arabia, said initiatives to driv…
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Senate seeks Improved Funding for ICPC
Ololade Omosan-Agie The Chairman, Senate Committee on Anti-Corruption and Financial Crimes, Senator …
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FRC Urges NASS To Withhold Budget Of Agencies Yet To Submit Audited Financial Statements
Oluwasina Phillip The Financial Reporting Council has warned government entities that have not filed…
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Without decent jobs, there will be no security—NLC
The Nigeria Labour Congress has described unemployment as a time bomb, adding that if not urgently a…
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IPMAN Fume over members’ fund trapped in DPR, others
Ebuka Daniel The Independent Petroleum Marketers Association of Nigeria, said it had engaged forensi…
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CBN unveils E-Naira Platform, Releases N200m For Implementation
Oluwasina Phillip The Central Bank of Nigeria has integrated 33 Banks into the eNaira platform with …
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E-Naira Will Boost Nigeria’s GDP By $29bn in 10 years, Says Buhari
Oluwasina Phillip President Muhammadu Buhari on Monday said the Central Bank Digital Currency, eNair…
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Nigerians Must Change Attitude To Tax Payment, Says Finance Minister
Ebuka Daniel The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Monday calle…
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Ex- Ghana President Mahama, CBN Governor, Others To Discuss Inclusive Growth At AEC summit
Ololade Omosan-Agie A former President of the Republic of Ghana, John Mahama will be opening the 3rd…
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Buhari Unveils CBN’s eNaira On Monday
Ololade-Omosan-Agie President Muhammadu Buhari will on Monday, October 25 formally unveil the Nigeri…
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IMF Blames Forex Crisis For Drop In Nigeria’s Remittance Flows
Oluwsina Phillip The International Monetary Fund has said that the uncertainty in Nigeria’s foreign …
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NCC Lists Measures To Guard Against Attack Online Banking Apps
Ebuka Daniel The Nigerian Communications Commission on Friday alerted millions of Nigerian telecom c…
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NNPC Puts Number of Nigerians Without Electricity At 77 million
The Nigerian Bulk Electricity Trading Plc has provided statistics on misalignments in the power valu…
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FG Urges States To Enact Laws That Will Compel Landlords To Collect Monthly Rent
Ebuka Daniel The Minister of Works and Housing, Babatunde Fashola, has asked state governments to pu…
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FG, CBN To Hold Talks On Naira Devaluation, Forex Inflow
Ololade Omosan-Agie The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said th…
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NCC Warns Telecoms Consumers Against Flubot Malware
Ololade Omosan-Agie The Nigerian Communications Commission has warned millions of Nigerian telecom c…
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Nigerians Can Use eNaira Without Internet-Enabled Phones— CBN
The Central Bank of Nigeria (CBN) has said Nigerians without Internet-enabled or Android phones will…
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Osinbajo Laments DFI’s Poor Funding For Gas Projects
Oluwasina Phillip Vice President Yemi Osinbajo has expressed concern over development finance instit…
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Maritime Security: Nigeria Records Lowest Level of Piracy in 27 years
Ebuka Daniel The trend of reduction in piracy and armed robbery in Nigerian waters has continued, wi…
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NRC suspends operations over bandits’ attack
Ololade-Omosan-Agie The Nigerians Railway Corporation has withdrawn train services from Abuja to Kad…
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Stock Market Investors Gain N55bn In One Day
Ebuka Daniel Nigerian stock investors have gained over N54.6bn, but the shares of Union Bank of…
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NDIC plans strategies to speed up failed banks’ resolutions
Ololade Omosan-Agie The Nigeria Deposit Insurance Corporation (NDIC) is evolving strategies to ensur…
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CBN Releases Tertiary Institutions Entrepreneurship Guidelines
Oluwasina Phillip The Central Bank of Nigeria on Wednesday released the guidelines for the implement…
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Nigeria Has Capacity To Produce Over 400,000 Vehicles Per Annum – NADDC DG
Oluwasina Phillip The Director-General of the National Automotive Design and Development Council (NA…
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Fidelity Bank To Raise $500m From International Capital Market
Ebuka Daniel Fidelity Bank has said that it is planning to raise $500m from the International Capita…
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NCC Warns Telecoms Subscribers Against Linking NIN To Third Party SIM
Ololade Omosan-Agie The Nigerian Communications Commission (NCC) has warned telecoms consumers to en…
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Despite Producing $18bn Cassava, Nigeria Not An Active Player In Global Market—Minister
Oluwasina Phillip Nigeria produces 45 million metric tonnes of cassava, estimated at about $18bn ann…
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FG To Establish Agro-Processing Zone In Each Senatorial District
The Federal Government through the Federal Ministry of Industry Trade and Investment is set to estab…
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CIBN plans Six Legacy Projects across Nigeria, Says President
Ebuka Daniel The President/Chairman of Council, the Chartered Institute of Bankers of Nigeria (CIBN)…
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Insurance, Pension Operators Urged To Explore growth opportunities
Oluwasina Phillip Operators in the Nigerian insurance and pension sectors have been urged to leverag…
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NGX Group lists 1.96 billion shares on exchange
Oluwasina Phillip Nigerian Exchange Group Plc has listed its entire issued and fully paid 1,964,115,…
-
CAC Warns Against Fraudulent Companies Registration
Ololade Omosan-Agie The Corporate Affairs Commission has blocked many suspected fraudulent applicati…
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NNPC Will Remain Transparent, Accountable to Nigerians—Kyari
Oluwasina Phillip In yet another recognition of his efforts since becoming the GMD/CEO of the NNPC, …
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BOI, Ebonyi Govt, Seal Covid-19 Economic Stimulus Pact For MSMEs
Ebuka Daniel The Bank of Industry and the Ebonyi State Government, have sealed a Memorandum of Under…
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Adebayo Asks UK To Address Challenges Face By Nigerian Businesses
Ololade Omosan-Agie Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo has called on…
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Lifting 100 million Nigerians from poverty ambitious – World Bank economist
The World Bank Lead Economist in the Middle East and North Africa region’s Poverty Reduction and Eco…
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CBN supports Lagos rail project with N60bn fund
Ebuka Daniel The Central Bank of Nigeria has said it is supporting the Blue Rail Line project in Lag…
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Nigeria not generating enough revenue from Stamp Duty, Capital Gains tax – FIRS Boss
Oluwasina Phillip The Executive Chairman of the Federal Inland Revenue Service, Muhammad Nami has de…
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NCC Upbeat on Plans for 5G Deployment
Oluwasina Phillip The Nigerian Communications Commission’s (NCC’s) plan for Fifth Generation (5G) te…
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Why farmers, agro-processors not getting right prices for their produce—NCX
Oluwasina Phillip The Nigerian Commodity Exchange on Wednesday engaged stakeholders in the agricultu…
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SEC, EFCC collaborate on Capital Market Development
Ebuka Daniel In a bid to ensure that financial crimes in the capital market are reduced to the bares…
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Emefiele, Wigwe Get Judicial Award For Corporate Governance In Banking Sector
Ebuka Daniel The Chairman, Body of Bank Chief Executive Officers, Dr Herbert Wigwe, has been awarded…
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Nigeria Launches Eurobond Issuance In United States
Oluwasina Phillip Nigeria today launched its planned Eurobond issue in New York, United States of Am…
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IMF Highlights Risks Of Cryptocurrency Adoption To Global Economy
The International Monetary Fund has said the growing adoption of cryptocurrencies pose risks to the …
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Access Bank acquires 78.15% stake in Botswana’s fifth largest bank
Ololade Omosan-Agie Access Bank Plc has announced the acquisition of 78.15 per cent stake in African…
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FG To Review 774,000 Special Public Works Programme
Ebuka Daniel The Minister of Labour and Employment, Chris Ngige, has said that the ministry is ready…
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Bank Debtors Taking Advantage Of Judicial System To Frustrate Loan Recovery—Emefiele
Oluwasina Phillip The Governor of the Central Bank of Nigeria, Godwin Emefile has said that recalcit…
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Kyari Engages PTD, NARTO, FIRS, Others On Road Network Challenges
Ebuka Daniel The Nigerian National Petroleum Corporation (NNPC) has engaged critical stakeholders so…
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CBN To Fine Banks N2m Per Customer For BVN Infractions
Ololade Omosan-Agie The Central Bank of Nigeria has said that it will sanction banks and customers w…
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ECOWAS urges CAC, others to fight against money laundering
The ECOWAS Intergovernmental Action Group against Money Laundry has called on the Corporate Affairs …
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PTAD enrolls over 38,358 pensioners through verification exercises
Oluwasina Phillip The Pension Transitional Arrangement Directorate said it has removed about 50,000 …
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AfDB To Invest $600m In Digital Enterprises In Nigeria
Ololade Omosan-Agie The African Development Bank said it will support the Federal Government efforts…
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IMF Backs MD On Alleged Manipulation Of Data In Favour Of China
Ebuka Daniel The International Monetary Fund has backed its Managing Director, Kritalina Georgieva, …
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ACAMB Urges FG To Tie Future Loans To Self-Liquidating Projects
Oluwasina Phillip The devaluation of the naira, if implemented as suggested by Vice President Osinba…
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NCC’s regulatory instruments set to facilitate 5G deployment, tackle insecurity – Danbatta
Ololade Omosan-Agie The Executive Vice Chairman (EVC) of the Nigerian Communication Commission (NCC)…
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AfDB President Urges FG TO Tackle Nigeria’s Debt Problem
Ebuka Daniel African Development Bank President, Dr Akinwumi Adesina has named debt service cost and…
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FG deregulates TELA Maize, allows For Open Cultivation In Nigeria
Oluwasina Phillip The government of Nigeria has granted environmental approval for evaluation and op…
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Low-Income Countries Debts Hit $860bn, Says World Bank
Oluwasina Phillip The negative impact of the Coronavirus pandemic has pushed the debt burden of the …
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Osinbajo Advices CBN To Devalue Naira
Ololade Omosan-Agie The Vice President of Nigeria, Yemi Osinbajo, has criticized the Central Bank of…
-
NCX Woos Farmers, Investors Into Commodity Trading System
Ebuka Daniel The Nigeria Commodity Exchange is wooing farmers, traders as well as local and foreign …
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ENJOYNIGERIA EXPO 2021 Draws More Support Toward Positioning MSMEs for Global Markets
Ebuka Daniel President/ Founder of Welcome to Nigeria, Mr. Sago Yusuf, has said Enjoy Nigeria EXPO 2…
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SEC Gives MTN Approval To Raise N89.99bn Series II Bond
Oluwasina Phillip MTN Nigeria Communications Plc says it has obtained the approval of the Securities…
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Digital payment users grow by 35 per cent – CBN
Oluwasina Phillip The total population of Nigerians using digital payment rose by 35 per cent accord…
-
NIMASA, Customs Agree On Modalities On Fast Delivery Of Projects
Ololade Omosan-Agie The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian…
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NNPC Calls on Petroleum Tanker Drivers Not to Embark on Strike
Ebuka Daniel The Nigeria National Petroleum Corporation calls on Petroleum Tanker Drivers to, in the…
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Buhari Receives NNPC Ltd’s Certificate Of Incorporation From CAC
Ebuka Daniel The Corporate Affairs Commission (CAC) says the Nigerian National Petroleum Company Lim…
-
Fidelity Bank to build capacity in non-oil export sector
Ebuka Daniel Fidelity Bank Plc said its flagship industry-focused programme in partnership with the …
-
Tokunbo gas cylinders smuggled into Nigeria, says SON
Ololade Omosan-Agie The Standards Organisation of Nigeria has said used Liquefied Petroleum Gas cyli…
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Stock market gains N33bn as volume jumps 103%
Oluwasina Phillip The Nigerian Exchange Limited gained N33.32bn in market capitalisation as trading …
-
Nigeria’s Debt Service/GDP Ratio Hits 73%
Ololade Omosan-Agie The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said th…
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Buhari Receives Certificate Of Incorporation For NNPC LTD
Ebuka Daniel President Muhammadu Buhari, on Friday received the certificate of incorporation of the …
-
NNPC Eyes More Development Of Gas Based Industries
Ololade Omosan-Agie The Group Managing Director of the Nigerian National Petroleum Corporation, Mele…
-
Akinwumi Puts AfDB Infrastructure Investment At $40bn
Ebuka Daniel The African Development Bank President Dr Akinwumi Adesina has said that a concerted ef…
-
FOR THE RECORDS: President Buhari’s 2022 Budget Speech
2022 BUDGET SPEECH Budget of Economic Growth and Sustainability Delivered By: His Excellency, Presid…
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Ministers Calls Formation Of National Moringa Farmers Association
Oluwasina Phillip Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo has called for …
-
Nigeria, Other African Countries Losing $730m To Tax Avoidance– IMF
Ololade Omosan-Agie The International Monetary Fund said multinational mining companies’ aggre…
-
Google plans N411bn investments in Nigeria, others
Oluwasina Phillip Google has said it will invest $1bn over five years to support digital transformat…
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Banking, stocks drive gains as investors earn N25bn
The Nigerian Exchange Limited equities market gained N25.29bn in capitalisation at the end of tradin…
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We Are Not Disqualifying Nigerians from SIM Acquisition—NCC
Ebuka Daniel The Nigerian Communications Commission on Wednesday dismissed claims that it is disqual…
-
World Bank Raises Nigeria’s Growth Projection To 2.4% In 2021
Oluwasina Phillip The World Bank has raised its 2021 economic growth forecast for Nigeria to 2.4 per…
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AfDB Appoints Amadou As General Consul
Oluwasina Phillip The African Development Bank is pleased to announce the appointment of Dr. Souley …
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Nigeria’s Payment System Got $500m Investments In 5 Years, Says CBN
Oluwasina Phillip Between 2015 and 2020, indigenous firms invested over $500m in Nigeria’s Pay…
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NAICOM Laments Non Insurance Of Public Buildings
Ebuka Daniel The National Insurance Commission on Wednesday expressed worry that most public buildin…
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NDIC Warns Bank Customers Against Unrealistic High Returns By Ponzi Scheme Operators
Oluwasina Phillip The Nigeria Deposit Insurance Corporation has warned bank depositors against falli…
-
Senate Orders Investigation Into E-Call Up System, Extortion At Apapa Ports
Ebuka Daniel The Senate has ordered a probe into the alleged frustration of the E-call up truck syst…
-
Slow Vaccines Rollout May Cost Airlines In Nigeria, Other African Countries $3.4bn
Ololade Omosan-Agie African Airlines have been projected to lose a whopping $1.9bn in 2021 and $1.5b…
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Buhari To Present 2022 Budget Proposal To NASS Thursday
Ololade Omosan-Agie President, Muhammadu Buhari, will present the 2022 Appropriation Bill before the…
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Oil surpasses $81, Nigerian production drops by 130,000 barrels
Ololade Omosan-Agie Oil prices climbed above $81 on Monday as the Organisation of Petroleum Ex…
-
DMO offers October savings bonds for subscription
Ebuka Daniel The Debt Management Office has opened the October savings bonds offer to investors. The…
-
CSCS pledges improved service delivery
Oluwasina PhillipThe Central Securities Clearing System Plc has pledged to continue to improve its s…
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31.7% youths lack access to bank loans for business -NBS
Ebuka Daniel The National Bureau of Statistics says that 31.7 percent of youths in Nigeria lack acce…
-
Airtel Appoints New Chief Commercial Officer
Ololade Omosan-Agie Airtel has appointed Godfrey Efeurhobo, its current Home Broadband Director, as …
-
BOI Disburses N1trn To SMEs, Large Enterprises In 6 Years
Oluwasina Phillip The Bank of Industry (BoI) has revealed that its disbursement to Micro, Small and …
-
FERMA banks on COVID-19 intervention fund to fix roads
Oluwasina Phillip The Federal Roads Maintenance Agency has undertaken several projects with the COVI…
-
Jaiz Bank forecasts N4.68bn net operating income in Q4
Jaiz Bank Plc has projected a net operating income of N4.68bn in the fourth quarter of the year 2021…
-
Access Bank’s $500m Eurobond oversubscribed by 200%
Access Bank Plc announced to investors and the Nigerian Exchange Limited that it successfully priced…
-
We Are Selling Nigeria As Tourist Destination– Lai Mohammed
Ololade Omsan-Agie The Minister of Culture and Tourism, Lai Mohammed, has said that the Muhammadu Bu…
-
FG Pays N9.2bn As Premium To Insurance Companies
Ebuka Daniel The National Council of Registered Insurance Brokers has said that the federal governme…
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CBN To Tackle Impediments To Wheat Production
Ebuka Daniel The Central Bank of Nigeria (CBN) has reiterated its determination to address the exist…
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Globacom, Eutelsat Of France Seal Pact To enhance Deployment Of 500 Wi-Fi Relay Stations
Ololade Omosan-Agie Globacom, the second-largest telecoms operator in Nigeria by subscriber number a…
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Nigeria Exported $27.3bn Worth Of Petroleum Products In 12 Months—OPEC
Oluwasina Phillip The amount spent on the importation of petroleum products into Nigeria in 2020 is …
-
Rise In Crypto-Currencies May Impede Financial Stability – IMF
The International Monetary Fund has said that the global boom of cryptocurrencies poses new problems…
-
Quality Of Business Environment In Nigeria Still Worrisome To Investors—LCCI
Ebuka Daniel The Lagos Chamber of Commerce and Industry has said the growing decline in the non-oil …
-
Reps probe MDAs withholding budget funds
The House of Representatives, on Thursday, resolved to investigate ministries, departments and agenc…
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Buhari replaces Auwalu with Ahmed on NPRA board
The President, Major General Muhammadu Buhari (retd.), has asked the Senate to replace the nominatio…
-
SEC Frets Over Uncertainty In Regulating Fintechs
Ololade Omosan-Agie The Director-General of the Securities and Exchange Commission, Lamido Yuguda ha…
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Nigeria’s Economic Diversification Agenda Achieving Positive Results – Adebayo
Oluwasina Phillip Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo on Thur…
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PIA: CAC Completes Incorporation Of NNPC Ltd
Oluwasina Phillip The Corporate Affairs Commission has completed the Incorporation of Nigerian Natio…
-
Ecobank Names Adesola First Female Chairman
Ebuka Daniel Ecobank Nigeria Ltd has appointed its first female board Chair, Bola Adesola, the bank …
-
How Nigeria Can Attract Forex Through Tourism-Akinboboye
Ololade Omosan-Agie The President of La Campagne Tropical Beach Resort, Wale Akinboboye, has said th…
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IGR: FIRS BOSS CALLS FOR VALUE FOR TAXPAYERS MONEY
Ebuka Daniel Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, has enc…
-
NADDC To Develop National Standards For Auto-Gas Conversion
Oluwasina Phillip The National Automotive Design and Development Council on Wednesday said it has co…
-
NEXIM Launches N36bn Fund To Promote SME Sectors Across States In Nigeria
Ololade Omosan-Agie The Nigerian Export-Import Bank (NEXIM) on Tuesday disclosed that a N36bn Export…
-
NEMA Inaugurates 10-man Technical Working Group on Flood Mitigation, Response
Oluwasina Phillip As part of programmes and activities outlined for flood mitigation and response ac…
-
Mambilla power project construction begins before next year– Senate
The Senate has declared that all the financial and legal hurdles hindering the smooth take-off of th…
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Stock trading volume crashes by 78%, investors lose N51bn
Stock market activities has declined as trading volume and value of shares dropped by 77.99 per cent…
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Lifting 100m Out Of Poverty Achievable, Says Danbatta
Ololade Omosan-Agie The Nigerian Institute of ICT Engineers (NIICTE) has conferred the Man of the Ye…
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‘Enjoy Nigeria Expo’ Will Boost MSMEs Exports—FG
Ebuka Daniel The Inter-Ministerial Planning Committee on ‘EnjoyNigeria Expo’, a private sector drive…
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DMO’s $4bn Eurobond Boost Nigeria’s Reserves To $36.1bn
Ebuka Daniel Nigeria’s reserves have climbed back to the levels it was in January 2021 due to …
-
Fuel Scarcity Looms As Petroleum Tanker Drivers Begin Strike October 8
Oluwasina Phillip The Petroleum Tanker Drivers branch of the Nigerian Union of Petroleum and Natural…
-
Trade Between Nigeria, Russia Hit $600m
Oluwasina Phillip In a quest to strengthen the trade relations between Nigeria and Russia, a Nigeria…
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Create Investment Friendly Environment To Boost IGR, Trade Minister Tells ALGON
Ebuka Daniel The Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, has urged Local Go…
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Twenty-Eight Firms Rise As Stock market gains N10bn
Ololade Omosan-Agie Equity investors on the Nigerian Exchange Limited, formerly Nigerian Stock Excha…
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Pension funds rise by N480bn in seven months
Oluwasina Phillip The total pension fund assets under the Contributory Pension Scheme rose by N480bn…
-
Sadiku Bows Out At NIPC As Trade Minister Hails Exceptional Performance
Ebuka Daniel The Minister of State for Industry, Trade and Investment, Mariam Katagum has desc…
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Job Creation: FG Seeks Stakeholders’ Involvement In Enjoy-Nigeria Expo For MSMEs
Oluwasina Phillip Ambassador Mariam Katagum, Honourable Minister of State for Industry, Trade and In…
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Capital Market Can Help bridge infrastructure gap – SEC
Ebuka Daniel The Securities and Exchange Commission has again affirmed that the capital market has t…
-
Nigeria @ 60: ALGON’s Made-In-Nigeria Exhibition/Trade Fair Begins Monday
Oluwasina Phillip The Association of Local Government Of Nigeria’s made-in-Nigeria exhibition/…
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ICPC arraigns PRODA DG for alleged N23.5 million fraud
Ololade Omosan-Agie The Independent Corrupt Practices and other Related Offences Commission (ICPC) h…
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Access Bank, Zenith, 3 others record 618,797 unresolved complaints
In the first six months of this year, five top banks in Nigeria recorded a total of 618,797 unresolv…
-
Buhari Begs UN For Debt Cancellation
Ebuka Daniel Nigerian President Muhammadu Buhari has asked the United Nations to consider expansion …
-
5G network commences January Next Year, Pantami Tells Nigerians
Ebuka Daniel Nigeria’s Minister of Communication and Digital Economy, Isa Pantami, has sa…
-
Nigeria Must Take Advantage Of Knowledge-Based Economy ― Osinbajo
Nigerian Vice President, Prof. Yemi Osinbajo, has stated the need for Nigeria to focus on developing…
-
Afreximbank to boost business of its new Central Africa Regional Office in Yaoundé
Ebuka Daniel African Export-Import Bank (Afreximbank) today in Yaoundé held a promotional event to s…
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FAAC Allocates N696.96bn August Revenue To FG, States, LGs
Oluwasina Phillip The Federation Accounts Allocation Committee (FAAC) has shared a total of N696.965…
-
NPA probes fire incident at Lagos headquarters
Ololade Omosan-Agie A fire incident suspected to have been triggered by an electrical surge affected…
-
ICRC issues business compliance certificate to NIMASA
Ebuka Daniel The Infrastructure Concession Regulatory Commission has issued a Certificate of Complia…
-
NIRSAL equip 700, 000 farmers with skills on agri-business
Ololade Omosan-Agie The Nigeria Incentive-BasedRisk Sharing System for Agricultural Lending has said…
-
Trade Between Nigeria, China Hits $20bn
Oluwasina Phillip The Chinese Ambassador to Nigeria, Ambassador Cui Jianchun, has said that the trad…
-
DMO Secures $4bn For Nigeria Through Eurobonds
Ebuka Daniel Nigeria has raised $4bn from the Euroband market after meeting with foreign investors, …
-
Banks In Nigeria Properly Capitalized—CBN
Ebuka Daniel The Central Bank of Nigeria has said that there is no doubt about the financial strengt…
-
Deployment Of TaxPro-Max Generated N664bn For FIRS — Nami
Ololade Omosan-Agie The Federal Inland Revenue Service has said that it generated N664bn in a single…
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Why Nigeria needs a digital currency – CBN
Oluwasina Phillip The Central Bank of Nigeria has explained the economic implications and importance…
-
Okonjo-Iweala Meets Buhari In New York, Mobilises Vaccines Manufacturers To Nigeria
The Director-General of the World Trade Organization (WTO), Dr Ngozi Okonjo-Iweala on Monday night m…
-
Finance Minister Explains Why Nigeria Has Not Endorsed OECD’s Tax Solution
Oluwasina Phillip The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has explai…
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Consider Buhari’s Loan Request Within One Week, Senate President Tells Committee
Ololade Omosan-Agie The Senate has begun legislative work on President Buhari’s request for approval…
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PIA: Buhari writes Senate, seeks amendments for board composition
Oluwasina Phillip President Muhammadu Buhari has asked the Senate to amend certain provisions of the…
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Covid 19: 81% Of Firms In Nigeria Suffered Cut In Revenue—NBS
Ebuka Daniel A new report released on Tuesday by the United Nations Development Programme (UNDP) Nig…
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Those Calling For Emefiele’s Resignation Unpatriotic–CBN
Oluwasina Phillip The Spokesman of the Central Bank of Nigeria (CBN), Mr. Osita Nwanisobi has faulte…
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Ethiopian Airlines To Resume Operations In Enugu October 1
Ololade Omosan-Agie Ethiopian Airlines has announced that its flight to Akanu Ibiam International Ai…
-
FG Showcases Developmental Strides Since Nigeria’s Independence
Ebuka Daniel The Secretary to the Government of the Federation, SGF Boss Mustapha has said that desp…
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Lagos dares DPR, insists on permits for tank farms, others
The Lagos State Government has emphasised that it will not tolerate any physical development in the …
-
NNPC Records Crude Oil, Gas Sales of $219.75m in May
Ebuka Daniel The Nigerian National Petroleum Corporation (NNPC) says it recorded a total crude oil a…
-
Sub-Saharan Africa needs $425bn financing by 2030 – Adesina
Oluwasina Phillip The President of the African Development Bank, Dr Akinwumi Adesina, says Africa ne…
-
FG Removes Indian From List Of Countries Banned From Entering Nigeria
Ololade Omosan-Agie Government has lifted the ban placed on flights coming into the country from Ind…
-
Aboki FX Suspends Forex Rate Publication After CBN’s Threat To Shut Website
Ebuka Daniel AbokiFX has announced the suspension of the publication of daily rates on its platform …
-
Buhari Directs Incorporation Of NNPC LTD, Appoints Board
Oluwasina Phillip President Muhammadu Buhari, in his capacity as Minister of Petroleum Resources, ha…
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Aboki FX Uses 28 Bank Accounts To Manipulate Forex Market– Emefiele
Oluwasina Phillip The Central Bank of Nigeria Governor, Godwin Emefiele, has said that the apex bank…
-
Union Bank appoints former Minister of Trade, Aisha Abubakar as Director
Union Bank of Nigeria Plc (‘’Union Bank’’) has announced the appointment of Ms Aisha Abubakar into i…
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Terrorists Using Our Dollars To Import Weapons Into Nigeria—CBN Governor
Ebuka Daniel The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele has said that some peop…
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NADDC TRAINS 180 AUTO TECHNICIANS ON MECHATRONICS REPAIRS
Oluwasina Phillip In continuation of the various training programs embarked upon by the National Aut…
-
Osinbajo commends Access Bank, others on cross border expansion
Ololade Omosan Agie The Vice President, Prof Yemi Osinbajo has commended some Nigerian Banks that ar…
-
NIMASA seeks partnership to combat illegal fishing
Ebuka Daniel The Director General of the Nigerian Maritime Administration and Safety Agency, Dr Bash…
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We will review obsolete financial regulations to reflect best practices-FG
The Federal Government is set to conduct a comprehensive review of obsolete financial regulations th…
-
DPR reopens depots shut by Lagos Govt
Ololade Omosan-Agie The Department of Petroleum Resources has reopened eight petroleum tank farms sh…
-
Nigeria’s debt rose by N2.36tn debt stock in three months
Oluwasina Phillip The Nigeria’s total public debt stock rose from N33.11tn as of March 31, 2021 to N…
-
AfDB Approves $50m Multinational Trade Agreement For Standard Chartered Bank
Ebuka Daniel The Board of Directors of the African Development Bank Group has approved a $50 million…
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States not thinking of ways to increase revenue –RMAFC chair
The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission, Elias Mbam, on Wednesday,…
-
Afreximbank commits $500m To Support Ethiopian Commercial Banks
Ebuka Daniel The African Export-Import Bank (Afreximbank) has committed to provide $500m to support …
-
Rising unemployment can wipe out Nigeria –Ngige
The Minister of Labour and Productivity, Chris Ngige, has said the rising rate of unemployment porte…
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Nigeria’s Inflation Decline To 17.01%—NBS
Ebuka Daniel The National Bureau of Statistics on Wednesday released the Consumer Price Index which …
-
Owners Of Hotels Used For Fraudulent Activities Risk 15 Years Jail Term, EFCC Warns
Oluwasina Phillip The Economic and Financial Crimes Commission has cautioned hotel owners across the…
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FG Won’t Give Attack Dogs Access To Its Records, Budget Minister Tells CSOs
Ebuka Daniel The Minister of State for Budget and National Planning, Clement Agba has stated that th…
-
Buhari seeks National Assembly approval for additional $4bn, €710m external Loans
President Muhammadu Buhari has requested the National Assembly to approve for it $4,054,476,863 and …
-
VAT Judgement: FIRS May Lose N92bn Revenue
Ebuka Daniel If the judgement of the Federal High Court asking states government to collect Value Ad…
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Eight Million Nigerians Benefitting From Cash Transfer Programme—Buhari
Oluwasina Phillip President Muhammadu Buhari Tuesday in Abuja said ongoing efforts to reduce poverty…
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CBN’s N15trn Infrastructure Fund Kicks Off Next Month–Emefiele
Ebuka Daniel The Central Bank of Nigeria on Tuesday said that the N15trn Infrastructure Fund which w…
-
FG Targets $75bn Trading From E-Commerce In 2025
Oluwasina Phillip The Federal Government has said that the trading from e-commerce in the country wi…
-
40MW DADINKOWA POWER PROJECT RECEIVES FG’S ATTENTION SOON–MINISTER
The Minister of Power, His Excellency, Engr. Abubakar D. Aliyu FNSE has said the 40MW Dadinkowa Powe…
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Dangote refinery partners NCDMB on oil sector research, development
Ololade Omosan-Agie Dangote Refinery has announced a partnership with the Nigerian Content Developme…
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AfDB President Conferred With Leadership Person Of The Year Award 2020
oluwasina Phillip The President of the African Development Bank Group, Dr. Akinwumi A. Adesina, has …
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FG Not Hijacking VAT Money, Buhari’s aide knocks Wike
Ololade Omosan-Agie Senior Special Assistant to the President on Public Affairs, Ajuri Ngelale, on M…
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Don’t Fall To Fraudsters For Increasing Revenue Allocation, RMAFC Tells States
Ebuka Daniel The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has called on the Sta…
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[email protected] Award Ceremony Holds Sept 30–Trade Minister
Oluwasina Phillip The Federal Government has fixed a new date for the [email protected] Jubilee Special Awa…
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60% Of Nigerians, Others Lack Access To Internet Connectivity— Mastercard
Ololade Omosan-Agie Mastercard has said an estimated 57 per cent of the population in sub-Saharan Af…
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Circular Directing Nigerians To Convert Domiciliary Account To Naira Not From Us—CBN
Oluwasina Phillip The Central Bank of Nigeria has denied issuing any circular directing Nigerians to…
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Any Bank That Obeys IPOB’s Sit At Home Order Will Be Shut—Obiano
Governor Willie Obiano of Anambra State government has threatened to close down any bank that refuse…
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NGX Group Posts N1.84bn Tax
Ebuka Daniel The assets of the Nigerian Exchange Group Plc, formerly called the Nigerian Stock Excha…
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Multinational Companies Evaded N5.4trn Tax In 10 Years–EFCC
Oluwasina Phillip The Economic and Financial Crimes Commission, has said that about N5.4trn has been…
-
Marketers Want VAT On Imported Cooking Gas Removed
Oluwasina Phillip The Major Oil Marketers Association of Nigeria has said the imposition of Value Ad…
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Report Bank officials Colluding With Criminal Elements To collect Forex, Says EFCC
The Economic and Financial Crimes Commission has cautioned bank officials against providing foreign …
-
NNPC Explains How N287bn Profit Was Achieved
Ololade Omosan-Agie Nigeria’s oil industry giant, the Nigerian National Petroleum Corporation,…
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Joint Tax Board Seeks Review Of Stamp Duty Act
Ebuka Daniel The Joint Tax Board on Thursday said that there is urgent need for the Stamp Duty Act t…
-
Naira Falls To N540 Amidst Dollar Shortage
Ololade Omosan-Agie The naira has traded its worst in years in the unofficial market after the Centr…
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Reducing customs procedures can lift Nigeria, others by $250bn – Osinbajo
Vice President Yemi Osinbajo has said that despite the monumental challenges posed by climate change…
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Lack of manpower hampering MDAs’ audit, says AuGF
The Auditor General for the Federation Aghughu Adolphus, has said that his office lacked sufficient …
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CBN Directs Banks To Break Down Bulk Payments Initiated On Platform
The Central Bank of Nigeria has directed Banks and Payment Service Providers to commence process of …
-
Lagos Assembly Passes VAT, Open Grazing Bills
Ololade Omosan-Agie The Lagos State House of Assembly on Thursday passed the Value Added Tax Bill. T…
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N1.3bn Debt: FCDA Threatens To Shut Glo Offices
Oluwasina Phillip The Federal Capital Development Authority (FCDA), in Nigeria’s capital city Abuja,…
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NNPC Consolidates on Gains, Drives Down Costs Of Sales By 15.1% To N2.2trn
Ebuka Daniel Following up on President Muhammadu Buhari’s recent announcement of thedeclaration of t…
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Businesses May Suffer Double Taxation If States Start Collecting VAT—-FIRS
Oluwasina Phillip The Group Lead, Special Operations Group, Federal Inland Revenue Service, Mathew G…
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Nigerians Paid N2.1bn For Rail, Cargo Travels In Six Months- NBS
Rail service business have improved within the last six months with a total of N2.1bn generated as r…
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Safety Of Nigerians, Not Economy Is Our Priority– Pantami
Ebuka Daniel Isa Pantami, Nigeria’s Minister of Communications and Digital Economy, has said t…
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DPR Hails Kyari For Transforming NNPC
Oluwasina Phillip The Director/Chief Executive Officer of the Department of Petroleum Resources, Sar…
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NLC Begins Review Of Nigeria’s Labour Law
Ololade Omosan-Agie The Nigeria Labour Congress said it has begun the process of reviewing the Niger…
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Dubai Eases Travel Restriction On Nigeria, Others
Ebuka Daniel The UAE Government and Dubai Tourism have eased travel restrictions for travellers from…
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Economic Development: NESG Task States on Investment, Enabling Environment
Lolade Omosan-Agie The Chief Executive Officer, Nigerian Economic Summit Group, Mr. Laoye Jaiyeola h…
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IPMAN enlists PENCOM insurance scheme for 2.5 million members, workers
Oluwasina Phillip The Independent Petroleum Marketers Association of Nigeria (IPMAN) has concluded p…
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AfDB to spend $700m on livestock development projects
The African Development Bank has disclosed plans to spend the sum of $700 million to support livesto…
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Buhari Predicts Greater Future For Insurance Business
President Muhammadu Buhari has said that Nigeria and Africa at large hold a bright future for the in…
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Criminals Now Receive Ransom In Bitcoin, Says EFCC Boss
The Economic and Financial Crimes Commission has alleged that criminals now prefer to receive illega…
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FG moves to Boost Trade Relations With Gulf Countries
Oluwasina Phillip The Ministry of Industry, Trade and Investment has signed a Memorandum of Understa…
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Minister urges stakeholders to work as a team to deliver power to Nigerians
Ebuka Daniel Minister of Power, Mr Abubakar Aliyu says stakeholders in the power sector should work …
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NIMASA Begins Full Enforcement Of Marine Environment Protection Regulations
Ololade Omosan-Agie The Nigerian Maritime Administration and Safety Agency (NIMASA) has announced th…
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AFREXIMBANK Invests In African Telecommunications Firm
Oluwasina Phillip The African Export-Import Bank (Afreximbank) has announced a minority investment b…
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Dangote refinery to increase workforce by 17,000 to 57,000
Ololade Omosan-Agie The President and Chief Executive Officer, Dangote Industries Limited, Aliko Dan…
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Telecos to be sanctioned N200,000 for not verifying NIN – NCC
Oluwasina Phillip The Nigerian Communications Commission has proposed a fine of N200,000 for mobile …
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CBN receives eight million applications, disburses N400bn as Covid-19 loan
Ebuka Daniel The Central Bank of Nigeria has disclosed that it has received over eight million appli…
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NIRSAL Facilitates Over N128bn For Agribusiness
Oluwasina Philip The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending Plc has se…
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NNPC To Float Shares On Capital Market By 2024- Kyari
Ololade Omosan-Agie The Group Managing Director of the Nigerian National Petroleum Corporation, Mele…
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Ministry Inaugurates Technical Committee On Petroleum Act
Ebuka Daniel Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo on Monday inaugurate…
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OPEC+ raises forecast for oil demands next year
The Organisation of the Petroleum Exporting Countries and allies, including Russia, collectively kno…
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NPDC To Begin Exploration Of Two Oil Wells In North East
The Nigerian Petroleum Development Company(NPDC) has issued a request for expressions of interest (E…
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Jaiz Bank Gets $25m MSMEs Financing From Islamic Corporation
Oluwasina Phillip Jaiz Bank Plc has received a $25m shariah-compliant line of financing from Islamic…
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SEC To Reduce Staff Cost, Assures Of Profitability In Two Years
Ebuka Daniel The Securities and Exchange Commission has unveiled plans to reduce its personnel costs…
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Nigeria Attracts $16.6bn Foreign, N255bn Local Investments Into Free Trade Zones
Ololade Omosan-Agie The Oil and Gas Free Trade Zones Authority has attracted the sum of $16.6bn fore…
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Understanding the Purpose and Implementation of Escrow Account
Bolaji Owasanoye and Yu Yongding “Escrow Accounts, managed by Regional Development Banks, should be …
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Mushroom Growers, Processors and Marketers Association Pushes For Fair Share Of Global Market.
Ololade Omosan-Agie The National Mushroom Growers, Processors and Marketers Association Of Nigeria i…
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Naira sinks to 530 against dollar, pound hits N720
The naira plunged to a fresh record low against the dollar, the British pound sterling and euro on T…
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Amaechi inspects proposed site for Bonny Deep Seaport, Construction to commence soon
Ololade Omosan-Agie Minister of Transportation, Rt Hon Chibuike Rotimi Amaechi has inspected the pro…
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FG Sets September 5 Deadline To Submit 2022 Budget Proposals
Oluwasina Phillip The Federal Government has issued a deadline of September 5 to all Ministries, Dep…
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CCB May Get Access To CAC Database To Probe Fraudulent Companies
Ebuka Daniel The Federal Government’s fight against Corruption on Friday received a major boost as t…
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FG to prosecute those that misappropriated NDDC funds
Ebuka Daniel The federal government on Thursday promised to apply the law to remedy the deficiencies…
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Delta, Enugu, Sokoto, Kaduna Spent N14.73bn On Covid-19—BudgiT
Ebuka Daniel Out of the N209.61bn allocated for COVID-19 related spending across four states in the …
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Afreximbank boosts financial performance in first half of 2021
Ololade Omosan-Agie The African Export-Import Bank (Afreximbank) has released its audited financial …
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DISCOS Remit N26.81bn to NBET in June
Oluwasina Phillip The Nigerian Bulk Electricity Trading Plc has revealed that Market Receipts remitt…
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How Price Differentials Is Fueling Petrol Smuggling- NNPC
Oluwasina Phillip The Nigerian National Petroleum Corporation (NNPC) has explained that concerted ef…
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AfDB To Provide $520m For Special Agro-industrial Processing Zones Programme
Ebuka Daniel Nigeria’s federal and state governments have expressed support for an initiative to cre…
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Capacity Building For Govt Officials Will Guarantee Good Governance, Drive Development – Minister
Ebuka Daniel The Minister of State for Budget and National Planning, Clem Agba has said that the jus…
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CBN names Nwanisobi, 7 Others Departmental Directors
Ololade Omosan-Agie The Management of the Central Bank of Nigeria (CBN) has confirmed the appointmen…
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NAICOM Begins Digital Processes For Insurance Companies Registration, Others
Ebuka Daniel The National Insurance Commission has announced that with effect from September 1st, al…
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NEPZA, NIPC To Deliver Three Special Economic Zones Next Year
Oluwasina Phillip The Managing Director of the Nigerian Export Processing Zone Authority, Adesoji Ad…
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WHO To Assist Nigeria, Others To Develop Traditional Medicine For COVID-19
Oluwasina Phillip The World Health Organisation has expressed optimism over emergence of traditional…
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Buhari Fires Agric, Power Ministers
Ebuka Daniel President Muhammadu Buhari has approved a reshuffle in the cabinet formed on August 21,…
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MSME Survival Fund Scheme: FG Disburses Over N56 Billion To 1 million Beneficiaries
Ololade Omosan-Agie The Federal Government says it has so far disbursed the sum of N56,842,780,000.0…
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Without Covid-19 Vaccination, You Can’t Go On Pilgrimage, FG Tells Nigerians
Oluwasina Phillip The National Primary Health Care Development Agency has called on Nigerians to sei…
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NLNG increases domestic cooking gas supply by 100,000MT
The Nigeria LNG Limited has said it does not contribute to the supply shortfall of Liquefied Petrole…
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Naira falls to all-time low of 527 against dollar
Oluwasina Phillip The naira extended its decline on Tuesday, sliding to an all-time low of 527 again…
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150,000 SMEs Got N400bn Loan From DBN–Okpanachi
Ololade Omosan-Agie The Chief Executive Officer of the Development Bank of Nigeria Plc, Tony Okpanac…
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Its Unsafe To Consume Herbal Medicines 14 Days After Production—NAFDAC
Ebuka Daniel Consuming most herbal medicines 14 days after preparation may become disastrous to the …
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Education, Defence, 3 Others Gulped Highest Chunk Of FG Expenditure—BudgIT
Ololade Omsan-Agie BudgIT, a transparency and accountability organization, on Monday disclosed that …
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CBN Directs Bank To Publish Names Of Forex Defaulters
Ebuka Daniel The Central Bank of Nigeria has directed all banks to publish names of customers that a…
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Nigeria’s Economy Getting Stronger, Says Minister
Oluwasina Phillip Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo on Tuesday decl…
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CBN Selects Technical Partner For Digital Currency Project
Ebuka Daniel The Central Bank of Nigeria (CBN) has announced the formal engagement of the globalFint…
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PenCom Begins Online Enrolment Of Retirees September 1
Ololade Omosan-Agie The National Pension Commission has said that the annual pre-retirement verifica…
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Nigeria, Others To Receive Additional 10 Million COVID-19 Vaccines From France
Ebuka Daniel The Africa Union in its fight against the Coronavirus pandemic, will be taking delivery…
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MTN Continues To Lose Grip As Market Shares Fall To 39.01%
Ebuka Daniel MTN Nigeria has continued to lose its grip on the Nigerian telecommunication industry a…
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We’ll Provide Support To Freed Islamiya Students, Parents–UNICEF
Oluwasina Phillip The United Nations Children Fund has disclosed plans to provide mental health, psy…
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NAFDAC Threatens To Arrest Producers Of Illegal Herbal Medicine
Ololade Omosan-Agie The National Agency for Food, Drugs Administration and Control (NAFDAC) has disc…
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Adebayo Assures Investors Of Govt Support
Ololade Omosan-Agie Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo has assured i…
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New IMF allocation’ll boost Nigeria, others’ reserves – AfDB
The President of the African Development Bank, Akinwumi Adesina, has said the International Monetary…
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Electricity Tarrif To Rise By N2 Per Kilowatt From September 1
Oluwasina Phillip The Nigerian Electricity Regulatory Commission (NERC) has directed the 11 Electric…
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Ahmed, Trade Ministry Deputy Director Becomes NIM Fellow
Ebuka Daniel The Deputy Director, Commodities and Export Department in the Ministry of Industry, Tra…
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Why I Put Aside My Varsity Degree To Set Up Akara Business—Ogunmoroti
In this Exclusive Interview with THE COMMERCE AFRICA, Ayobami Ogunmoroti spoke on his life str…
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NAICOM vows to replicate insurance success in Lagos across states, FCT
Ebuka Daniel The National Insurance Commission (NAICOM) has vowed to take the success story recorded…
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FG Recovers N49.7bn From Debtors, Says Finance Minister
Ebuka Daniel The Minister of Finance, Budget and Planning, Zainab Ahmed has disclosed that the Feder…
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ICPC to tackle Corruption in Electricity Sector, says Chairman
Oluwasina Phillip The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has…
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FG To Fine Overloaded Trucks On Federal Highway N10m– Fashola
Ololade Omosan-Agie The Federal Government has said that trucks that ply on its roads with loads wei…
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Stakeholders Seek Council For Promotion Of Shea Industry
Ebuka Daniel The National Shea Products Association of Nigeria (NASPAN) which is the umbrella body o…
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BUHARI ANNOUNCES N287bn PROFIT AFTER TAX BY THE NNPC
Oluwasina Phillip In fulfillment of an earlier pledge by the Federal Government to publicly announce…
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Buhari Appoints Harry To Replace Kale As Statistician General
Ololade Omosan-Agie President Buhari has approved the appointment of Dr. Simon Harry as Statistician…
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Debt Servicing Gulps N2.02trn Of Govt’s Revenue
Oluwasina Phillip The Federal government spent the sum of N2.02tn on debt servicing in six months Th…
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FG Yet To Approve Spectrum Auction For 5G Deployment
Ebuka Daniel The Federal Government is yet to approve the Spectrum Auction For Fifth Generation (5G)…
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FG Raises TraderMoni Loan Portfolio by 400%
Ebuka Daniel The federal government has jacked up the loan portfolio of TraderMoni to N50,000 repres…
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Nigeria’s Economy Grew By 5.01% In Second Quarter–NBS
Ololade Omosan-Agie The National Bureau of Statistics on Thursday released the Gross Domestic Produc…
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Disco laments, electricity theft, rising debt
Oluwasina Phillip Ibadan Electricity Distribution Company Plc has said it is owed over N8.5bn by mi…
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Why Its Difficult To Stop Petrol Smuggling—NNPC
Ebuka Daniel The Nigerian National Petroleum Corporation has confirmed the claim by the Nigeria Cust…
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Unemployment: Young Nigerians Have Lost Hope In White Collar Jobs- NBS
Ololade Omosan-Agie As frustrations of unemployment intensifies, the National Bureau of Statistics h…
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CAC to deploy financial account filing system for Companies Registration Portal
Ololade Omosan-Agie The Collaboration between the European Union (EU), British Council, Agents for C…
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Concession to leave $1bn loan for FAAN –Aviation workers
The Federal Airport Authority of Nigeria would be put at a disadvantage of bearing a $1bn repayment …
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NNPC GMD Kyari Clarifies 2022-2024 Revenue Framework
Oluwasina Phillip The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC),…
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Tax Evasion: Tribunal Orders DSTV To Pay 50% Tax Backlog Before Hearing Appeal
Ebuka Daniel A Tax Appeal Tribunal (TAT) sitting in Lagos on Tuesday ordered Multichoice Nigeria Lim…
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AfDB provides $7.3m for youth jobs and skills
Oluwasina Phillip An African Development Bank technical review committee has approved eight project …
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Forex: Nigerians Can Only Access Travel Allowance Of $20,000 Yearly
Ololade Omosan-Agie Nigerians travelling abroad will only have access to a maximum forex of $4,…
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We Will Revive, Grow Nigeria’s Shea Industry—FG
Ebuka Daniel The Federal Government on Tuesday gave assurances that it will revive and grow the shea…
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FG Spends Over N400bn Yearly On National Social Investment Programmes
Oluwasina Phillip Vice President, Professor Yemi Osinbajo, on Tuesday, assured Nigerians of the pres…
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FDC predicts 2.6% GDP growth for Nigeria in Q2
Financial Derivatives Company Limited has said the Nigerian economy is expected to grow by 2.6 per c…
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NBS Boss Seeks Better Funding For Statistical Output
Ololade Omosan-Agie The Statistician General of the National Bureau of Statistics, Yemi Kale on Tues…
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Nigeria entitled to $3.35bn in new IMF rights allocation
Ebuka Daniel The Managing Director of the International Monetary Fund, Ms Kristalina Georgieva, has …
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Oil price jumps to $68 after days of losses
Oluwasina Phillip The international oil benchmark, Brent crude, jumped on Tuesday, snapping a seven-…
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Reps, Customs lock horns over N1.3tn revenue projection
The House of Representatives’ Committee on Finance has dismissed a revenue of N1.3tn projected by th…
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Administration Of AstraZeneca Vaccines Begins On Wednesday–FG
Ololade Omosan-Agie The federal government has disclosed plans to begin the administration of AstraZ…
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PIA Boost Development For Oil Producing Communities–Kyari
Oluwasina Phillip The Group Managing Director of the Nigerian National Petroleum Corporation, Mele K…
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Fintechs can transform capital market, says NGX
Oluwasina Phillip The Chief Executive Officer of the Nigerian Exchange Limited, Mr Temi Popoola, has…
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Lagos pays N2bn as insurance premium for workers
The Lagos State Government on Monday said over N2 billion had been paid as insurance premium for its…
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NEPZA To Re-activate Banki Border Free Zone In Borno
Ololade Omosan-Agie The Nigeria Export Processing Zones Authority, NEPZA, is to reactivate Banki Bor…
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NARTO, Dangote refinery to partner on product distribution
Ebuka Daniel Dangote Refinery has said that it will be partnering with the Nigerian Association of R…
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Rivers Judgment: ‘Continue To Pay Your VAT To FIRS’
Ebuka Daniel’ The Federal Inland Revenue Service(FIRS) has told taxpayers in the country to continue…
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FG moves to deploy 5G network as its national policy is 95% done
The Federal Government has revealed that it will soon deploy the 5th generation network (5G) in Nige…
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PIA: Petrol Price To Remain Unchanged Until Negotiation With Labour Is Concluded—PPPRA
Ebuka Daniel The Petroleum Products Pricing Regulatory Agency on Sunday said that despite the assent…
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FAAC Allocates N760.7bn To FG, States,LGs
Ololade Omosan-Agie The Federation Accounts Allocation Committee (FAAC) has shared a total of N760.7…
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NIRSAL MFBs Warns Entrepreneurial Institutions Against Charging Extra Cost For Loan Application
Oluwasina Phillip NIRSAL Microfinance Bank Plc on Sunday said it has disbursed the sum of N101bn to …
-
Covid-19:CMSCC donates 2000 protective suits to Lagos
Ebuka Daniel The Capital Market Support Committee for COVID-19 (CMSCC) has donated 2000 protective s…
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Oil price tumbles to $65, lowest in three month
Ebuka Daniel The international oil benchmark, Brent crude, sank on Thursday to its lowest level sinc…
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UNICEF Ranks Nigeria Second High Risk Country For Climate Crisis
Ololade Omosan-Agie The United Nation Children’s Fund has stated that young people living in N…
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Kyari Orders NNPC Greenfield Refinery Order To Cut Losses
Ebuka Daniel The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mall…
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PIA Will Attract Capital, Strengthen Cost Recovery In Oil & Gas Industry, Kyari Says
Oluwasina Phillip Four days after President Muhammadu Buhari signed the Petroluem Industry Bill into…
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IATA Fumes Over $143.8m Blocked Airline Funds In Nigeria
Ololade Omosan-Agie The International Air Transport Association (IATA) has said that the Nigerian go…
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CAC Begins Two New Forms Of Business Registration Next Month
Ebuka Daniel The Corporate Affairs Commission (CAC) has said that two new forms of business registra…
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FG Inaugurates Soil Science Governing Council To Boost Food Production
Ebuka Daniel The federal government has inaugurated the reconstituted Governing Council of the…
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SEC Harps on Resilient Capital Market
Ebuka Daniel The Securities and Exchange Commission has expressed the need for the capital market to…
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Minister Suggests Broadening Of Financial System For Sustainable Economic Growth
Ololade Omosan-Agie Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo said on Thurs…
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N70bn Debt: AMCON Warns Jimoh Ibrahim Against Laying Claims To Seized Properties
Oluwasina Phillip The Asset Management Corporation of Nigeria on Thursday said it was still on charg…
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AfDB To Strengthen Ghana’s Domestic Revenue Mobilization Project With $7.4m
Ebuka Daniel The African Development Bank Group and the Ministry of Finance in Ghana have launched a…
-
NIMASA to create wealth for Nigeria through sea wreckage recycling
Ololade Omosan-Agie The Nigerian Maritime Administration and Safety Agency has said all is set for t…
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FEC approves N21bn for education, other projects
Ebuka Daniel The Federal Executive Council on Wednesday approved N21,107,212,510, for various projec…
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MDAs failed to account for N4.97tn in 2019, AGF tells Senate
Oluwasina Phillip The Auditor-General of the Federation, Adolphus Aghughu, has said ministries, depa…
-
SEC Seeks Collaboration on Dispute Resolution in Capital Market
Ebuka Daniel The Securities and Exchange Commission has expressed its readiness to collaborate with …
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Over $50bn Investments Lost To Non-Passage Of PIB – Buhari
Oluwasina Phillip President Muhammadu Buhari on Wednesday said that Nigeria lost a whopping sum of $…
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NEPZA Backs Partnership To Develop University Of Abuja
Ololade Omosan-Agie The Nigeria Export Processing Zones Authority (NEPZA) has expressed its readines…
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CBN Releases Framework To Combat Cyber Crimes
Ololade Omosan-Agie The Central Bank of Nigeria has commenced move to strengthen cyber resilience of…
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ICPC docks University of Calabar Don over N20.6m Fraud
Ololade Omosan-Agie The Independent Corrupt Practices and Other Related Offences Commission (ICPC) h…
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Buhari Appoints Steering Committee For Petroleem Industry Act Implementation
Oluwasina Phillip President Muhammadu Buhari on Wednesday appointed a steering committee to oversee …
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NNPC, CMEC, GE Sign Contract for 50MW Maiduguri Emergency Power Project
Ebuka Daniel A significant step towards redeeming the pledge by the Nigerian National Petroleum Corp…
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AfDB debars Sargittarius Nigeria Limited for 18 months for fraudulent practices
Ololade Omosan-Agie The African Development Bank Group, on 17 August 2021, announces the 18-month de…
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CBN, Police To Prosecute Abusers of Naira
Ebuka Daniel The Central Bank of Nigeria has warned that abusers of naira notes will be prosecuted b…
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NNPC Commits to Supporting NLNG
Oluwasina Phillip The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC)…
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We Are Not Paying N163.3bn Litigation, Other Claims Now— Dangote
Ololade Omosan-Agie Nigeria’s biggest cement manufacturer, Dangote Cement Plc is not consideri…
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Govt Will Reduce Shock Of Fuel Subsidy Removal On Nigerians
Oluwasina Phillip The Group Group Managing Director of the Nigerian National Petroleum Corporation, …
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FG To Unbundle NNPC Within 6 Months Of President’ Assent Of PIB—Kyari
Ebuka Daniel The Group Managing Director of the Nigerian National Petroleum Corporation has disclose…
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Stock Market Capitalization Sheds N8.8bn As Sell-Off Pressure Rocks Zenith, Fidelity
Ololade Omosan-Agie Sell-off pressure on the Nigeria Exchange Group has erased N8.8bn from market ca…
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Concession: Kano Businessmen To Bid For Aminu Kano Airport
Oluwasina Phillip The Deputy President, Kano Chamber of Commerce, Industry, Mines and Agriculture (K…
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Why Nigeria’s Transition To Digital Economy Is Slow—NCC
Ololade Omosan-Agie The Nigerian Communications Commissions has said that it is faced with seven cri…
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Buhari Signs Petroleum Industry Bill Into Law
Ebuka Daniel President Muhammadu Buhari has signed the Petroleum Industry Bill into law. The Preside…
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I don’t want to be President of Nigeria– Sanusi
Oluwasina Phillip Former Emir of Kano and immediate past Governor of the Central Bank …
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FG, States Must Collaborate To Tackle Unemployment—Osinbajo
Oluwasina Phillip The Vice-President, Federal Republic of Nigeria, Professor Yemi Osinbajo, has call…
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Nigeria’s Unclaimed Dividend Hits N170bn – SEC DG
Ebuka Daniel The Securities and Exchange Commission on Friday said the total unclaimed dividends in …
-
UNICEF Condemns Death Of Three Children In Borno
Ololade Omosan-Agie The United Children’s Fund has condemned the death of three children in Bo…
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Over N500bn Invested By Private Firms In Nigeria’s Automotive Industry
Oluwasina Phillip As a result of the Nigeria Automotive Design and Development Council unrelenting e…
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Nigeria’s Economy On Right Track
Oluwasina Phillip The Central Bank of Nigeria on Friday expressed optimism that with its recent poli…
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Contract For Rehabilitation Of National Theatre To Be Awarded Next Month
Ololade Omosan-Agie The Bankers’ Committee has announced that contracts for the rehabilitation…
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NIRSAL To Partner Firm To Attract Investments Into Potato Value Chain
Oluwasina Phillip The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending has decla…
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FG Begins Implementation Of National Vehicle Registry Policy
Ebuka Daniel The Federal Government on Thursday said that the implementation of the National Vehicle…
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FG Won’t Pay Striking Doctors, Minister Insists
Oluwasina Phillip The Minister of Health, Osagie Ehanire has insisted that the government will not p…
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Nigerians Presenting Fake Documents To Assess Forex–Bankers’ Committee
Ololade Omosan-Agie The Bankers’ Committee has said that Nigerians have begun to defraud the new for…
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SEC Warns Nigerians Against Ponzi Schemes
Ebuka Daniel The Securities and Exchange Commission on Friday warned Nigerians against investing in …
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SEC to Collaborate with RIMAN to Deepen Capital Market
Ebuka Daniel The Securities and Exchange Commission has expressed its readiness to collaborate with …
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Net-zero emissions: Nigeria needs $400bn investments, says FG
Ebuka Daniel The Minister of State for Power, Mr Goddy Jedy-Agba, has said investments of over $400b…
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Increase extractive sectors’ investments, Buhari charges NEITI board
Ebuka Daniel President, Muhammadu Buhari has urged the newly inaugurated board of the Nigeria Extrac…
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Nissan boss tasks Nigeria, others on auto industry
Oluwasina Phillip Managing Director, Nissan’s Africa regional business unit, Mike Whitfield, has urg…
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Naira tumbles to 515 as dollar scarcity persists
Ololade Omosan-Agie The naira pared some of its recent gains against the dollar at the parallel mark…
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Customs Probe Accident That Killed Eight Officers, Smugglers In Katsina
Oluwasina Phillip The Comptroller-General of Customs Col. Hameed Ibrahim Ali (Rtd) has ordered an in…
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Nigeria Generates N472bn as Company Income Tax in Q2 2021
Oluwasina Phillip The National Bureau of Statistics (NBS) has said N472.07 billion was generated as …
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DMO Lists N150bn FG Bonds For Subscription
Ololade Omosan-Agie The Debt Management Office (DMO), has announced the auctioning of three tranches…
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SEC Gets AfDB’s Grant For Risk-Based Supervision Framework
Ebuka Daniel The Securities & Exchange Commission(SEC) says it has received a grant from the Afr…
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NSCDC to handover Corruption Cases to ICPC – CG Audi
Oluwasina Phillip The Commandant-General of Nigeria Security and Civil Defence Corps (NSCDC), Dr. Ah…
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CBN Pegs Capital Requirements For Credit Guarantee Companies At N10bn
Ololade Omosan-Agie The Central Bank of Nigeria has said that Credit Guarantee Companies will not ma…
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FG REAFFIRMS SUPPORT FOR PEOPLE LIVING WITH DISABILITIES.
Oluwasina Phillip The Minister of State for Industry, Trade and Investment, Amb. Mariam Yalwaji Kata…
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Afreximbank partners YALDA to enhance youth involvement in AfCFTA implementation
Ebuka Daniel African Export-Import Bank (Afreximbank) has announced funding and technical support to…
-
Nigerians Will Soon Feel Impact Of COVID-19 MSMEs Intervention Fund—Stakeholders
Ebuka Daniel Economic stakeholders have called on government at all levels to show more commitment t…
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FG Wants Stiffer Sanctions For Quack Engineers
Ebuka Daniel The Federal Government has called for stiffer sanctions against unprofessional and unet…
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UNICEF Laments Poor Child Registration Rate In Nigeria
Ololade Omosan-Agie The United Nations Children Fund, has decried the poor rate of birth registratio…
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After Weeks Of Delay, Green Africa Begins First Flight Thursday
Ebuka Daniel Green Africa Airways Limited has obtained its Air Operator’s Certificate and is set to …
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NiMet to acquire N1bn equipment for marine sector forecast
Ololade Omosan-Agie The Nigerian Meteorological Agency has announced that it would be deploying N1bn…
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FG Targeting 50 Billion-barrel Oil Reserves – DPR
Oluwasina Phillip The target of the Federal Government is to increase Nigeria’s oil reserves from 36…
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Nigeria Generates N1tn In Six Months From VAT
Ebuka Daniel Nigeria has generated Value Added Tax of N1tn between January to June according to a da…
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NEPZA To revive Koko Port FTZ
Ebuka Daniel The Nigeria Export Processing Zones Authority has disclosed that discussions were ongoi…
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Shell Nigeria Empowers Niger Delta Entrepreneurs With N48m Grant
Ololade Omosan-Agie Shell Nigeria announced on Sunday that 117 young entrepreneurs from the Niger De…
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Debt servicing consuming Nigeria’s revenues, says LCCI
Oluwasina Phillip The Lagos Chamber of Commerce and Industry has advised the Federal and State Gover…
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ICPC recovered N120m for Adamawa – Governor Fintiri
Ebuka Daniel Adamawa State Governor, Rt. Hon. Ahmadu Umaru Fintiri, has disclosed that the Independe…
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Lagos-Kano Train Services Resume August 13
The Regional District Manager, Northern District of the Nigerian Railway Corporation, Ismail Adebiyi…
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NNPC Records ₦43.57bn Trading Surplus In April
Ebuka Daniel The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦…
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SERAP Urges Buhari To Probe N881bn MDAs Spending Without Appropriation
Ebuka Daniel Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu …
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Farmers Urge CBN To Extend Loan Repayment Period
Oluwasina Phillip Farmers have called on the Federal Government to prevail on the Central Bank of Ni…
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Okonjo-Iweala Threatens Legal Action Against Those Using Her Name To Pursue Vested Interests
Ololade Omosan-Agie The Director-General of the World Trade Organization, Dr Ngozi Okonjo-Iweala has…
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Nigeria’s Foreign Reserves Gains $109.7m
Oluwasina Phillip Nigeria’s foreign reserves swelled by $109.7m in the first three days of Aug…
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Strike: Doctors Slam FG Over Poor Equipment At Hospitals
Oliwasina Phillip The National Association of Resident Doctors has slammed the federal government fo…
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We Will Change Poor Perception About NSITF- Akabogu
Ololade Omosan-Agie The Managing Director and Chief Executive Officer of the Nigeria Social Insuranc…
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FG Dissatisfied With Lack Of Funding For Water Projects By States
Ololade Omosan Agie The Federal government has announced that it will no longer provide complete fun…
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Experts Urge FG to Address Infrastructural Challenges in FTZs
Ebuka DanielIndustry experts and stakeholder have urged the federal government to address the challe…
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SON Takes Fight Against Substandard Products To States, Arrests 10
Oluwasina Phillip The Standards Organization of Nigeria, SON, has signed a Memorandum of Understandi…
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Covid-19 Fears Crashes Brent Oil Price To $71
Ebuka Daniel Oil prices fell for a third day early on yesterday as concerns about demand amid surgin…
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FEC Approves $1.484b For Warri, Kaduna Refineries Repairs
Oluwasina Phillip The rehabilitation of the Warri and Kaduna refineries, acquisition of 20 per cent …
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HOW CAPITAL MARKET-FRIENDLY IS EMEFIELE’S HETERODOX MONETARY POLICY?
UCHE UWALAKE Godwin Ifeanyi Emefiele will easily go down in history as the nation’s Central Bank Gov…
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African Union Rollout 400 Million Vaccine To Tackle Covid-19
Oluwasina Phillip President Cyril Ramaphosa, of the Republic of South Africa and African Union…
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FG Appoints Transaction Advisers For N2.3trn Eurobond
Ololade Omosan-Agie The Federal Government has appointed Transaction Advisers for its Eurobond issua…
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Nigeria Records Highest Daily Covid-19 Infection In 6 Months
Oluwasina Phillip The number of confirmed cases of COVID-19 infection has continued to rise on a dai…
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JAIZ Bank Grows Half Year Profit To N1.9bn
Oluwasina Phillip The Management of Jaiz Bank Plc has released its financial results to the Nigerian…
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Again, Emirates Removes Nigeria From Travel List
Ololade Omosan-Agie Emirates Airline has reversed its decision by excluding Nigeria from eligible co…
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CAC Warns Against Forging Documents For Company Registration
Ebuka Daniel The Registrar General/Chief Executive Officer of the Corporate Affairs Commission, Alha…
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FG Plans Blueprint To Reposition Free Trade Zones
Oluwasina Phillip The Federal Government has called on stakeholders in the private sector to invest …
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FCT, NADDC COLLABORATE ON RENEWABLE ENERGY POWERED TRANSPORTATION FOR ABUJA
Oluwasina Phillip With major cities across the world adopting clean air policies, the FCT Minister, …
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Participation of Nigerians In Oil Sector Has Risen To 43%–FG
Ebuka Daniel The Minister of State, Petroleum Resources, Mr Timipre Sylva, has revealed that in the …
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FG to unveil NIPOST unbundling policies
The Minister of Communications and Digital Economy, Dr. Isa Pantami, said the Federal Government wou…
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Strike: FG Opens Negotiations With Resident Doctors
Oluwasina Phillip The Federal Government through the Ministry of Health, has began engagements with …
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Stock investors reap N30bn as 18 firms gain
Ololade Omosan-Agie Equities listed on the Nigerian Exchange Limited gained N30.03bn at the end of t…
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Stop leaking official documents on social media, FG warns civil servants
The Federal Government has again raised the alarm over what it described as incessant unauthorised d…
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NNPC Develops Fresh Guidelines To Tackle Divestments In JV Assets
Oluwasina Phillip Barely 48 hours hours after Shell launched divestment of its 30 per cent stake in …
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IMF Approves Historic $650bn To Tackle Covid-19 Impact On Nigeria, Others
Ebuka Daniel The Board of Governors of the International Monetary Fund on Monday approved a general …
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AGUSTO ASSIGNS STABLE RATING OUTLOOK FOR DBN
Oluwasina Phillip The foremost credit rating agency, Agusto & Co. (“Agusto”) assigns an “Aaa” ra…
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Forex: CBN Assures Customers of Banks’ Compliance
Ebuka Daniel The Central Bank of Nigeria has assured members of the banking public that it will moni…
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NAFDAC fumes over US, EU rejection of Nigerian food
Oluwasina Phillip The Director-General of the National Agency for Food and Drug Administration and C…
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AfDB affirms commitment to “closing the gap” in financing for women
Ololade Omosan-Agie The African Development Bank has reiterated its commitment to “closing the finan…
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SEC Inaugurates Securities Issuers Forum
Ololade Omosan-Agie The Securities and Exchange Commission (SEC) in collaboration with the Nigeria E…
-
NNPC Records Petroleum Product Sale of ₦234.63bn in March
Oluwasina Phillip The Nigerian National Petroleum Corporation (NNPC) has announced that its downstre…
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Private jets: 30 of 65 verified airplanes to pay customs duties
The Nigeria Customs Service (NCS) says 30 out of 65 private airplanes verified so far are liable to …
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IMF’s Borrowing To Low-income African Countries to Hit $48bn
Ebuka Daniel The International Monetary Fund (IMF) has projected that its financial assistance to lo…
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Despite Losing 7.6 Million Subscribers, MTN Grows Revenue By 24.1% To N790.3bn
Oluwasina Phillip MTN Nigeria has declared revenue of N790.3 billion, representing an increase of 24…
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Corruption, Impediment Economic Development Of Nigeria, Says ICPC Chairman
Ololade Omosan-Agie Corruption has been described as a great impediment to the socio-economic growth…
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Dangote Sugar To Pay N18.2bn Dividend To Shareholders
Oluwasina Phillip Dangote Sugar Plc, a subsidiary of Dangote Industries has declared revenue of N131…
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SON seeks partnership with states to empower MSMEs
Ebuka Daniel The Standards Organisation of Nigeria has announced plans to partner with states govern…
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Minister urges MSMEs to explore AfCFTA opportunities
Ololade Omosan-Agie The Minister of Industry, Trade and Investment, Mr. Adeniyi Adebayo has called f…
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FCMB earns N94.2bn revenue as profit rise by 9.4%
Oluwasina Phillip In its unaudited interim earnings report for the first half of 2021, the FCMB Grou…
-
FG reduces price of gas for power to $2.18
Ololade Omosan-Agie The Federal Government said on Thursday that it had agreed to reduce the price o…
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Nigeria needs $2.3tn to address infrastructure deficit, says FG
Ebuka Daniel The Federal Government has said that the country need $2.3tn to address for its nationa…
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FG To Deepen ICT Services In Trade, Revenue Collection
Ebuka Daniel Webb Fontaine Nigeria Limited on Thursday handed over an Information Communication and …
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We ‘Ve Awarded 896 Contracts For Over 13,000 Kilometers of Roads—FG
Oluwasina Phillip The Minister of Works and Housing, Mr Babatunde Fashola on Thursday said that the …
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NNPC Will Deliver AKK Gas Pipeline Project On Schedule–Kyari
Ebuka Daniel The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mall…
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DMBs assure customers of sufficient forex
Ololade Omosan-Agie Bank executives have assured that Nigerian deposit money banks have the capacity…
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CBN Directs Banks To Create Mobile App For Forex Movement
Ololade Omosan-Agie The Central Bank of Nigeria has directed Deposit Monetary Banks in the country t…
-
Again, 535 Tests Positive For COVID-19 In Nigeria
Oluwasina Phillip The number of confirmed cases of coronavirus infection has continued to rise on da…
-
CBN To Refund All Capital Deposits, Licencing Fees To Bureaux De Change
Ololade Omosan-Agie The Central Bank of Nigeria has said that it will begin immediate refund of all …
-
Over 60 Million Nigerians Have Enrolled On NIN Database- NIMC
Ebuka Daniel The National Identity Management Commission has said over 60 million National Identity …
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FG seeks private sector’s support in strengthening Nigeria’s trade agreements
Ebuka Daniel The Federal Government has commenced moves to address the challenges associated with ta…
-
Osinbajo blames poor storage facilities for post harvest losses
Ebuka Daniel Vice President Yemi Osinbajo has expressed sadness over the rising cases of post-harves…
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CBN Bans Sale Of Forex To BDC Operators
Ololade Omosan-Agie The Central Bank of Nigeria on Tuesday said it will no longer sell foreign excha…
-
PenCom To Commence Online Pre-Verification Of Retirees In August
Ebuka Daniel The National Pension Commission has said it will commence online pre-retirement verific…
-
Nigeria Records 54% Capital Investment Decline In Second Quarter—NBS
Oluwasina Phillip The Federal Government in the second quarter of 2021 recorded a 54.06 percent decl…
-
Nigeria Records Highest Covid-19 Infection In 4 Months With 404 Cases
Ololade Omosan-Agie The Nigeria Centre for Disease Control has reported 404 new confirmed cases of C…
-
Okonjo-Iweala Gets Letter Of Credence For Nigeria’s Ambassador To WTO
Ebuka Daniel The Director General of the World Trade Organization, Dr Ngozi Okonjo-Iweala has receiv…
-
Minister Calls For More Sensitization Of MSMEs On AfCFTA
Oluwasina Phillip As the country brace up for the implementation of the Africa Continental Free Trad…
-
Farmers get 300,000 hybrid cocoa seedlings to boost agric output
Ebuka Daniel The Federal Government says it has so far distributed 300,000 hybrid cocoa seedlings to…
-
Oil, gas firms lead as stock market gains N94bn
Ololade Omosan-Agie Oil and gas firms led the upturn in the stock market on Monday as investors gain…
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Pension Fund Hits N12.66trn, Says PenCom
The National Pension Commision (PenCom), on Monday disclosed that pension fund assets had risen to N…
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FG COMMITED TO STIMULATE ECONOMY THROUGH GENDER FOCUSED INITIATIVES -Katagum
Oluwasina Phillip The Minister of State for Industry, Trade and Investment, Amb. Mariam Yalwaji Kata…
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Why CBN limited sugar importation to Dangote, BUA, Flour Mills – Adedeji, Executive Secretary, NSDC
The Executive Secretary of the National Sugar Development Council Mr Zacch Adedeji in this interview…
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NAICOM Approves New Board For NICON Insurance, Nigeria Reinsurance
Ololade Omosan-Agie The National Insurance Commission (NAICOM) has approved the new board and manage…
-
Buhari Signs N982.7bn Supplementary Budget Into Law
Ololade Omosan-Agie President Muhammadu Buhari has signed the 2021 Supplementary Appropriation Bill …
-
FG extends NIN-SIM linkage to Oct, 59.8 million enrolled
Oluwasina Phillip The Federal Government has extended the deadline for NIN-SIM data verification to …
-
Nigeria’s POS Transactions Rises To N3trn In Six Months- NIBSS
Ebuka Daniel Point of Sale transaction in Nigeria recorded N3.01trn in value during the first six mo…
-
Don’t Bribe Me With Cheques, Build Projects, Buhari Tells Contractors
Oluwasina Phillip President Muhammadu Buhari has asked contractors not to offer him cheques which sh…
-
China Donates 470,000 Covid-19 Vaccines To Nigeria
Ololade Omosan-Agie The Federal Government has received 470,000 doses of COVID-19 vaccine donated by…
-
COVID-19: Nigeria Records 966 Cases In One Week
Oluwasina Phillip Nigeria, in the last one week, that ended 18 July 2021, recorded 966 cases of COVI…
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CBN Says No Bank In Nigeria Insolvent
Ebuka Daniel The Central Bank of Nigeria has described as false and unfounded, the stories circulati…
-
Court Restrains Union From Strike Action, Picketing FIRS Offices
Ebuka Daniel The National Industrial Court, Abuja Judicial Division has stopped the National Nigeria…
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Economic Output Drops In May Amid Low Purchasing Power – CBN
The Purchasing Managers Index revealed that the Nigerian economy contracted in May, according to dat…
-
NASS Backs CAC Reforms Initiatives
Ebuka Daniel The National Assembly have applauded the reform initiatives of the Corporate Affairs Co…
-
African Development Bank approves $20m loan to support Covid-19 recovery
The Board of Directors of the African Development Bank Group has approved a $20 million flexible loa…
-
AfDB Seals $118m Agro-Industrial Agreement With Ethiopia
Ebuka Daniel The African Development Bank Group and the Government of Ethiopia have signed two separ…
-
Fitch affirms Triple A-rating of the African Development Bank. Outlook stable
Oluwasina Phillip Global credit rating agency Fitch Ratings has affirmed the African Development Ban…
-
EFCC receives petition to probe over N92b scam in FG agencies
Oluwasina Phillip The Economic and Financial Crimes Commission, (EFCC) has received a petition detai…
-
Kenyan insurance market generates $2.1bn gross written premium
Kenyan insurers and reinsurers faced challenging economic factors in 2020 which made the year a diff…
-
Ecobank waives money transfer charges for Nigerians abroad
Ebuka Daniel Ecobank Nigeria has said it is joining the rest of the country to celebrate Nigerians i…
-
Fitch, GCR Upgrade Afreximbank’s Outlook
African Export-Import Bank (Afreximbank) has received a set of strong credit rating affirmations and…
-
Why Russian Technicians Have Not Audited Ajaokuta Steel Since 2020–FG
Oluwasina Phillip Nigeria’s Minister of Mines and Steel Development, Olamilekan Adegbite, has …
-
China Unveils 600kph Train
China has unveiled a maglev train capable of a top speed of 600kph. The maximum speed would make the…
-
Civil service pensioners, others get pension raise payments
Ololade Omosan-Agie The Pension Transitional Arrangement Directorate on Tuesday announced that it ha…
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OPEC agreement: Nigeria to raise oil production
Ebuka Daniel Nigeria is to ramp up crude oil production following the agreement reached by members a…
-
Port Harcourt refinery to deliver refined products September 2022 – NNPC
Ebuka Daniel The $1.5bn rehabilitation of the Port Harcourt Refining Company has commenced in full a…
-
Gas Transmission Problems Drops Power Generation Below 4,000MW
Oluwasina Phillip Power generation in Nigeria dropped below the 4,000 megawatts mark on Tuesday amid…
-
Harsh Economy Taking Toll On Nigerians, TUC Tells FG
Ebuka Daniel The Trade Union Congress of Nigeria has cautioned the Federal Government against the na…
-
Petrol Price May Rise To N1,000 Per Litre—DPR
Ololade Omosan-Agie The Department of Petroleum Resources says the pump price of petrol in Nigeria m…
-
Oil price drops to $72.39 as OPEC increases production
Brent, the crude against which Nigeria’s oil is priced, dropped in price on Monday morning following…
-
FAAN Bans Protocol Officers, Orderlies Of VIPs From Airports To Check Covid-19
Ebuka Daniel As part of preparation for the Eid-el-Kabir, the Federal Airports Authority of Nigeria …
-
AMCON Recovers Over N1.48trn From Recalcitrant Bank Debtors
Ebuka Daniel The Managing Director/Chief Executive Officer of the Asset Management Corporation of Ni…
-
NBS, Others, Seek Special Trust Fund for Statistical Development
Ololade Omosan Agie The National Consultative Committee on Statistics has called for the setting up …
-
Oando Withdraws All Pending Lawsuit Against SEC
Ebuka Daniel Oando Plc has entered into a settlement with the Securities and Exchange Commission&nbs…
-
Airtel’s Operating License Yet To Be Renewed- NCC
Oluwasina Phillip The Nigerian Communications Commision, has denied renewing Airtel’s licence …
-
Lagos Laments Weak Adherence To Protocols As Four Dies Of COVID-19
Oluwasina Phillip Lagos State has recorded four deaths as COVID-19 cases continue to increase in the…
-
MARITIME SECURITY:: PIRACY DECLINES IN GULF OF GUINEA – REPORT
Oluwasina Phillip The International Maritime Bureau (IMB) has given credence to Nigeria’s efforts in…
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Inflation Drops Third Consecutive Months To 17.75% In June
Oluwasina Phillip The consumer price index, which measures inflation increased by 17.75 per cent (ye…
-
Odu’a Investment Company Declares N5.2bn Profit, Pays N364m Dividend
Ebuka Daniel The Odu’a Investment Company Limited has declared a profit after tax of N5.203bn …
-
HIV Patients At Higher Risk Of Surviving COVID-19—WHO
Ololade Omosan-Agie A new Report by the World Health Organization has confirmed that people living w…
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COVID-19: NAFDAC Approves Use Of Moderna, AstraZeneca Vaccines In Nigeria
Oluwasina Phillip The National Agency for Food and Drug Administration and Control, NAFDAC, has give…
-
WTO: Nigeria Seeks Exemption Of Small Scale Fishers From Subsidies Discipline
Ololade Omosan-Agie The Federal Government on Thursday called for the exemption of small scale and a…
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PIB: Senate Ignores Public Outcry, Approves 3% Allocation To Host Communities
Ololade Omosan-Agie Despite demands by lawmakers from the South as well as other stakeholders for a …
-
FIRS Boss Charges Tax Bodies Of ECOWAS, Others, On Tax Evasion
Ebuka Daniel The Executive Chairman of the Federal Inland Revenue Service, Mr Muhammad Nami, has cal…
-
AfCFTA Can Raise Africa’s Spending To $6.7tn – Adebayo
Oluwasina Phillip The Minister of Industry, Trade and Investment, Niyi Adebayo on Thursday stated th…
-
Capital Market Key Catalyst For Development – Ahmed
Ebuka Daniel Nigerian capital market has been described as a key catalyst for the development of the…
-
PACAC, Anti-Corruption Agencies Task African Leaders on Synergy Against Corruption
Ololade Omosan-Agie The Chairman of the Presidential Advisory Committee Against Corruption (PACAC) P…
-
Nami Tasks FIRS Workers, Business Community On Tax Compliance
Oluwasina Phillip Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami, has urge…
-
NIMASA: Deep Blue Project Driven by Competent Manpower
Ebuka Daniel The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA)…
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Over $26.3bn Lost To Maritime Crimes Annually, Says Buhari
Oluwasina Phillip President Muhammadu Buhari has said that Nigeria loses $26.3 billion annually to m…
-
AfDB kicks off Desert-to-Power Energy Program with $6m
Ebuka Daniel The Board of Directors of the African Development Bank Group has approved a $6 million …
-
Govt to increase transparency with Citizens’ Accountability Reports
Ololade Omosan-Agie The Federal government of Nigeria has partnered with the Open Government Partner…
-
N15tn infrastructure company begins operation this quarter
Ebuka Daniel The N15tn Infrastructure Corporation of Nigeria will begin operations in the third quar…
-
Nigerian firm introduces app to facilitate shipping
Oluwasina Phillip Red Star Express Plc has introduced a mobile application, called ‘Click&Ship’,…
-
FG Unveils Solar-Powered Electric Vehicle Charging Station
The Federal Government has commissioned the first solar-powered electric vehicle charging station at…
-
TUC Faults Fuel Importation Provision In PIB
Ololade Omosan-Agie The Trade Union Congress of Nigeria has faulted the new provision for fuel impor…
-
AfDB to drive private sector investments in Nigeria’s economy
Oluwasina Phillip The African Development Bank on Tuesday said it would work with like-minded develo…
-
40 Million Doses Of Covid-19 Vaccine To Arrive In September—FG
Ebuka Daniel The Federal Government has disclosed plans to begin the second phase of the covid-19 va…
-
SEC Nigeria Proposes N10m Registration Fees For Issuing Houses, Others
Ololade Omosan-Agie The Securities and Exchange Commission (SEC) has proposed N10 million registrati…
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Zenith, MTN lead losses as stock market sheds N71bn
The Nigerian stock market dropped by N71bn on Monday as the companies on the premium board suffered …
-
SEPLAT Will Keep Investing In Nigeria Even Without PIB
Ebuka Daniel SEPLAT Petroleum Development Company has said that it will not stop investing in the Ni…
-
Sex Scandal: Nuru Exits FCMB As Board Confirms Yemisi Edun as CEO
Oluwasina Phillip The Board of Directors of First City Monument Bank Limited has announced the end o…
-
International Flight Tickets To Rise By 9.5% As Agencies Adopt New Exchange Rate
Ebuka Daniel Ticket prices will soon rise for international travels after travel agencies were encou…
-
Vulnerable borrowers got 37.72% of bank loans –CBN
Oluwasina Phillip Vulnerable borrowers benefitting from the Central Bank of Nigeria’s COVID-19 forbe…
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Nigeria won’t need loans if foreign countries return Abacha loot, others –ICPC
Ololade Omosan-Agie The Independent Corrupt Practices and other related offences Commission says Nig…
-
Commonwealth University Confirms Issuance Of Certificates To Nigeria’s WTO Ambassador, Abdulhamid
Ebuka Daniel The Commonwealth University has confirmed that it actually issued an Honorary Doctorate…
-
Naira crashes further, exchanges for N504 per Dollar at parallel market
The naira exchanged to the dollar at N504 at the parallel market on Friday, according to the Bureau …
-
CBN Restricts Payment Service Banks From Insurance Business, Granting Loans
Ebuka Daniel Payment Service Banks in Nigeria will have no business with Insurance underwriting, the…
-
FCTA To Provide Free Potable Water For Cholera Affected Communities
Ololade Omosan-Agie The Federal Capital Territory Administration has disclosed plans to provide free…
-
We’ve grain reserve deficit of 3.4 MMT – FG
Oluwasina Phillip The grain intervention deficit of the Federal Ministry of Agriculture and Rural De…
-
FG to unveil Nigerian developed barite soon – Minister
Ebuka Daniel The Minister of Mines and Steel Development, Olamilekan Adegbite, has said that the min…
-
IMF Welcomes Executive Board’s Backing for a New $650bn SDR Allocation
Oluwasina Phillip Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IM…
-
Profit-taking Halts Three-day Gains on NGX
Ololade Omosan-Agie The bears returned to the market yesterday to halt the gain recorded from Monday…
-
FG Presents Concept Note on Establishment of Aviation Varsity
Ebuka Daniel The federal government has presented a concept note of the proposed Aviation and Aerosp…
-
DPR to Unveil Strategy for Strengthening Oil, Gas Sector
Ololade Omosan-Agie The Department of Petroleum Resources (DPR) will in the coming weeks, unveil a c…
-
Nigeria has no housing deficit, says Fashola
Oluwasina Phillip The Minister of Works and Housing, Babatunde Fashola, on Thursday said that there …
-
UNICEF To Provide Nigeria, Others With 220 Million Doses Of COVID-19 Vaccine
Ololade Omosan Agie The United Children Fund, UNICEF has signed an agreement with Janssen Pharmaceut…
-
AfDB to support creation of agricultural value chains in Côte d’Ivoire – President Adesina
Oluwasina Phillip The African Development Bank will support Côte d’Ivoire in creating agricult…
-
FG Seeks Women Participation In Implementation Of Agric Policies
Ebuka Daniel The Federal Ministry of Agriculture and Rural Development has commenced move to promote…
-
FG Directs Airlines To Refund 100% Airfares To Passengers After Two-Hour Delay
Ololade Omosan-Agie The Minister of Aviation, Hadi Sirika, has said that Nigerian airline operators …
-
Customs Generates N1trn In Six Months
Oluwasina Phillip The Nigerian Custom Service on Thursday disclosed that it generated the sum of N1t…
-
Freeze Multi-Choice Account Over N1.8trn Tax Debt, FIRS Tells Banks
Ebuka Daniel The Federal Inland Revenue Service has appointed some commercial banks as agents to rec…
-
Buhari Appoints New Nigeria’s Ambassador to WTO
Ebuka Daniel The President, Major General Muhammadu Buhari (retd.) has approved the appointment of D…
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FEDERAL TREASURY ACADEMY SOON TO AWARD FG-APPROVED CERTIFICATES – AGF IDRIS
Ebuka Daniel The Federal Treasury Academy (FTA) is soon to award government approved, widely accepta…
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AfDB Appoints Barrow As Head Of Nigeria Country Office
The African Development Bank Group is pleased to announce the appointment of Mr. Lamin BARROW as Dir…
-
Green Climate Fund approves $170.9m in co-financing for AfDB’s LEAF program
Ololade Omosan-Agie The Board of the Green Climate Fund(link is external) (GCF) has approved $170.9 …
-
FIRS Makes Historic Tax Haul, Rakes In N650 Billion In June
Oluwasina Phillip The Federal Inland Revenue Service has raked in over N650 billion in June 2021, th…
-
Appointment announcement acting Auditor General Mr. Mouhamed BA
The African Development Bank Group is pleased to announce the appointment of Mr. Mouhamed BA as Acti…
-
Senate Approves Buhari’s N895.8bn Supplementary Budget
Oluwasina Phillip The Senate has approved the N895bn ($2.176bn) supplementary budget bill sent to it…
-
Court Declares Kemi Adeosun Eligible To Be Minister Without NYSC Certificate
Ebuka Daniel In Historic Ruling, Court vindicates Former Finance Minister, Adeosun, says she was ine…
-
Biden seeks to lift limits on farmer deals with meat processors, tractor makers
President Joe Biden wants to give U.S. farmers more power in negotiating the sale of livestock to bi…
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AfDB, Korea to channel $600m into Solar energy investments
Oluwasina Phillip The African Development Bank, the Korean Ministry of Economy and Finance and the E…
-
Subsidy On Petrol Draining Nigeria’s Economy—Minister
Ebuka Daniel The Minister of State for Budget and National Planning, Clem Agba on Tuesday, reiterate…
-
Nigeria to partner with Mozambique on Gas Development
Ololade Omosan-Agie There are indications that Nigeria will soon partner with Mozambique to tap into…
-
Buhari Will Give Speedy Consideration To PIB, Osinbajo Assures
Oluwasina Phillip Vice President Yemi Osinbajo has said that the Petroleum Industry Bill when sent t…
-
FG Plans 70,000 Jobs With Katsina Special Economic Zone
Ebuka Daniel The Federal Government has said that the Integrated Textile and Garment pack which will…
-
NAADI WILL ADDRESS CHALLENGES FACING AGRI-COMMODITY VALUE CHAIN IN THE COUNTRY- FG
Oluwasina Phillip The Federal Government has said that the Nigeria Agri-business and Agro -Industry …
-
Oil nears three-year high after OPEC fireworks
Oil prices were heading towards three-year highs on Tuesday, towing petrocurrencies and bond yields …
-
Egypt notified that Ethiopia has resumed filling of giant dam
Egypt’s irrigation minister said on Monday he had received official notice from Ethiopia that …
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Fight against substandard goods gets boost as SON commissions’ world-class lab in Ekiti
Oluwasina Phillip Standards Organisation of Nigeria (SON) gets a nod from the Federal Government ove…
-
NEPZA Seeks partnerships with NSC to boost non-oil earnings
Ololade Omosan-Agie The Nigeria Export Processing Zones Authority (NEPZA) says it is ready to open m…
-
Trade Minister Slumps, Rushed To Tafawa Balewa University Teaching Hospital, Bauchi
Ebuka Daniel The Minister of State for Industry, Trade and Investment, Amb. Mariam Katagum, has slum…
-
We Need Strong Institutions To Fight Corruption, IFFs – ICPC Boss
Oluwasina Phillip Nigeria requires strong institutions and systems to fight corruption and Illicit F…
-
NIRSAL Guarantees N1.15bn Loan To Boost Cocoa Production
Ebuka Daniel The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) said …
-
SEC issues New Financial Market Framework For Securities Depository
Oluwasina Phillip The Securities and Exchange Commission has issued an Interoperability/Financial …
-
NIMASA Introduces New Certificates of Ship Registration
Ebuka Daniel The Nigerian Maritime Administration and Safety Agency (NIMASA) has commenced the issua…
-
We Won’t Shutdown Greek economy again because of COVID-19, PM says
Greece’s economy would not close again because of the coronavirus pandemic if it was just to p…
-
HIV generic drug for babies distributed in Africa, says UNITAID
Aid agencies have distributed a strawberry-flavoured tablet for children living with HIV in six Afri…
-
China urges nations to build Immunity against coronavirus
China’s Foreign Minister Wang Yi urged the international community on Saturday to build a R…
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FG To Raise 2022 Budget Spending By N393bn To N13.98trn
Olololade Omosan-Agie The Federal Government is to spend the sum of N13.98trn in the 2022 fiscal yea…
-
Transcorp Holds Talk With FG On Nuclear Plant
Ebuka Daniel Transcorp Energy Limited is in talks with the Federal Government to establish Nigeria’s…
-
FG Plans N4.8trn Fresh Borrowing For 2022 Budget
Oluwasina Phillip The Federal Government is planning is planning to borrow the sum of N4.89trn to fi…
-
FG To Spend N900bn On Fuel Subsidy Next Year
Ebuka Daniel The Federal Government on Thursday said that a whopping sum of N900bn will be spent nex…
-
We ‘ve Learnt Our Lessons From Covid-19 Pandemic—Health Minister
Oluwasina Phillip As nations run short of COVID-19 vaccine supply, the Federal government has assure…
-
FG Inaugurates Committee To Tackle Trade Bottlenecks
Ebuka Daniel The Minister of Industry, Trade and Investment, Niyi Adebayo on Thursday tasked the mem…
-
US stock market gains $6tn as Facebook, Apple climb
Some of the world’s largest technology companies led the United States of America’s stock market to …
-
NNPC saves $1bn on petrol imports, says Kyari
Ololade Omosan-Agie The Group Managing Director, Nigerian National Petroleum Corporation, Mele Kyari…
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Covid 19: FG Insists No Entry For Travellers From Indian, South Africa, 2 Others
Oluwasina Phillip The Federal Government has reiterated its travel ban on non-Nigerian passport hold…
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FG Seeks Pharmacists Support In Development Of Covid-19 Vaccines
Ebuka Daniel The Federal Government is seeking the collaboration of the Pharmaceutical Society of Ni…
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Mixed Reactions Trail Rumsfeld’s death
Donald Rumsfeld, the former U.S. defense secretary who was the main architect of the Iraq war,…
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World Bank, IMF, WHO, WTO heads call for urgent action on global vaccine access
Ololade Omosan-Agie The heads of the World Bank Group, International Monetary Fund, World Health Org…
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Democrats Support for Biden drops as U.S. looks past pandemic
U.S. President Joe Biden has seen an erosion in support since April, mainly from fellow Democrats, a…
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NAWE tasks FG on empowerment of women entrepreneurs
Ebuka Daniel The newly inaugurated President of The Nigerian Association of Women Entrepreneurs, Chi…
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Again FG Extends Deadline For SIM-NIN Linkage By 26 Days
Ebuka Daniel The deadline for the linkage of Subscriber Identity Module with the National Identity N…
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Cowrywise Gets SEC Approval To Operate As Portfolio Manager
Ololade Omosan-Agie Nigeria’s fintech business, Cowrywise has secured the approval of the Secu…
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Workers Mobilise For Mass Protest In Nasarawa State
Oluwasina Phillip The organised labour, comprising Nigeria Labour Congress and Trade Union Congress,…
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FG Plans New Guidelines For Contract Agreement– Osinbajo
Ebuka Daniel Nigeria’s Vice President, Prof. Yemi Osinbajo, has hinted on the development of new gui…
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Ghana Commissions First Toyota Plant In West Africa
Olololade Omosan-Agie President Nana Akufo-Addo has commissioned a Toyota assembly plant in Ghana. T…
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Senate passes N329.963bn 2021 FCT budget
Ololade Omosan-Agie The Senate on Tuesday approved N329,963,491,523bn as statutory budget for the Fe…
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Why NNPC Is Investing In Dangote Refinery—Kyari
Ebuka Daniel The Group Managing Director of the Nigerian National Petroleum Corporation, Mr. Mele Ky…
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FG Fumes At Dubai’s Travel Policy
Ebuka Daniel The Federal Government has said that flights resumption to the United Arab Emirates are…
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Again FG Extends Deadline For SIM-NIN Linkage By 26 Days
Ololade Omosan-Agie The deadline for the linkage of Subscriber Identity Module with the National Ide…
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Cowrywise Gets SEC Approval To Operate As Portfolio Manager
Ebuka Daniel Nigeria’s fintech business, Cowrywise has secured the approval of the Securities …
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How Nigeria Can Boost Food Production— AATF
Oluwasina Phillip The African Agricultural Technology Foundation (AATF), has stressed on the need fo…
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EFCC Arraigns Lagos Businessman For Defrauding GTB N125m
Oluwasina Phillip Andrew Warri has been arraigned by the Lagos Zonal Office of the Economic and Fina…
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RMAFC kickstarts review of new revenue allocation formular
Victoria Onu, Abuja The Revenue Mobilization Allocation and Fiscal Commission has concluded arrangem…
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FG Warns Govt Official Against Poor Contract Agreement
Ololade Omosan-Agie The Vice President of Nigeria, Prof. Yemi Osinbajo has said that any government …
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CBN to release 50,000 MT of Maize to Farmers
Oluwasina Phillip The Central Bank of Nigeria has approved the release of 50,000 metric tonnes of ma…
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NIRSAL MD Wins Award For Agric Innovation
Ebuka Daniel United Kingdom based Chief Executive Officer ranking magazine, has named Aliyu Abdulham…
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Nigeria risks losing $34bn in annual export earnings – Report
Ololade Omosan-Agie A new study by Standard Chartered has said Nigeria risks losing $34.3bn in annua…
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IFFs: Osinbajo, Desta, Sadiku for ICPC’s Negotiators Capacity Building
Ebuka Daniel Nigeria’s Vice President, Prof. Yemi Osinbajo, SAN, and Prof. Melaku Desta, a Professor…
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No gas leak in our Lagos facility, says Rainoil
Oluwasina Phillip Rainoil Limited has assured the public of safety around the Ijegun-Egba community …
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Currency in circulation drops to N2.79tn, says CBN
Ebuka Daniel The currency in circulation dropped slightly from N2.79tn as of the end of April to N2.…
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USTDA, InfraCredit to develop infrastructure in Nigeria
The United States Trade and Development Agency has signed a Memorandum of Understanding to partner w…
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AfDB Plans 10,000MW Solar Power For Africa
Oluwasina Phillip The President of the African Development Bank Group, Dr Akinwumi Adesina, said the…
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Inflation, Forex Scarcity Impacting Negatively On Businesses—LCCI
Ebuka Daniel Inflationary pressures and foreign exchange scarcity has significantly impacted the ope…
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Nigeria Can Generate N600bn From Excise Duty On Tobacco, Alcohol, Says World Bank
Oluwasina Phillip The World Bank has said that Nigeria can grow its revenue significantly and genera…
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States Debt Dropped To N4.12trn, Says NBS
Ololade Omosan-Agie The total states and Federal Capital Territory’s debt profile fell slightly to N…
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NPHCDA Says No Death Recorded In Nigeria From COVID-19 Vaccine
Ololade Omosan-Agie The Executive Director, National Primary Health Care Development Agency, Faisal …
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Agric Minister Raises Alarm On Influx Of Fake Pesticide In Nigeria
Ebuka Daniel The Minister of Agriculture and Rural Development, Muhammad Sabo Nanono has raised the …
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COVID-19: FG Shifts Deadline For Second Dose Vaccination To July
Oluwasina Phillip The Federal government has announced an extension of the deadline for second dose …
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Farmers urge FG to provide infrastructure for mushroom producers
Ebuka Daniel The National Mushroom Growers, Processors and Marketers Association of Nigeria has call…
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Railway Passenger Traffic Drops By 222,595—NBS
Ebuka Daniel Nigerian railways recorded a decline of 222,595 passengers in the first quarter of 2021…
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Nigeria To Generate Jobs, Create Wealth Through EnjoyNigeria Expo 2021 – FMITI
Oluwasina Phillip The Federal Government has expressed optimism that the forthcoming EnjoyNigeria Ex…
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Jaiz Bank To Pay N883.9m Dividend To Shareholders
Ebuka Daniel The Shareholders of Jaiz Bank Plc have approved a total dividend of N883.9m representin…
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Digital Platforms Will Aid Financial Inclusion – SEC
Oluwasina Phillip The Securities and Exchange Commission has stated that it recognizes the importanc…
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UNESCO and WHO urge countries to make every school a health-promoting school
Oluwasina Phillip Geneva, Switzerland – UNESCO and the World Health Organization today launche…
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Nigerian Banks Becoming Vulnerable To High Credit Risk— Moody’s
Ololade Omosan-Agie Moody’s has released credit ratings for the Nigerian banking sector with b…
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AMCON Takes Over Assets Of Abadat Ventures Over N600m Debt
Ebuka Daniel Sequel to the order of Honourable Justice I. E Ekwo of the Federal High Court, Abuja, t…
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Prioritize Assets Recovery At Regional, Global Levels, Owasanoye Counsels African Govts
Oluwasina Phillip The Chairman of Independent Corrupt Practices and Other Related Offences Commissio…
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AfDB President Urges African Heads Of States To Tackle Insecurity
Ebuka Daniel The high rate of insecurity within the African continent, if left unchecked, could thre…
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NAFDAC Plans Strict Regulation For Chemical Production.
Ebuka Daniel The National Agency for Food and Drug Administration and Control (NAFDAC) has showed re…
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NLC Set To Resume Strike Action In Kaduna State
Oluwasina Phillip President of the Nigerian Labour Congress, Ayuba Wabba has hinted on plans to resu…
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Farmers Seek More Funding Support For Mushroom Production
Ebuka Daniel The Nigerian mushroom sub-sector can contribute N1.8trn to the country’s revenue base i…
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Nigeria Earned N79.96bn From Solid Minerals In 12 Months– NEITI
Ebuka Daniel The Federal Government earned the sum of N79.96bn from the solid minerals sector in 201…
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Emirates Airline Resumes Flight From Nigeria Five Months After Ban
Ololade Omosan-Agie Emirates Airline will resume flights from Nigeria to Dubai as the United Arab Em…
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Senate Describes Lekki Free Zone Quadrant, Eko Atlantic As National Assets
Ebuka Daniel The Senate Committee on Trade, Industry and Investment has described Dangote, Lekki, Al…
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Trade Minister Demands More Role For Women In Public Procurement Contract
Ebuka Daniel The Minister of State for Industry, Trade and Investment, Mariam Katagum on Saturday sa…
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Nig @ 60 Expo: We ‘Ve Put In Place Policies To Grow Businesses
Oluwasina Phillip The Minister of Information and Culture, Alhaji Lai Mohammed has said the present …
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NATIONAL WINNERS EMERGE AT 8th ARSO ESSAY COMPETITION
Oluwasina Phillip National winners have emerged in the 2021 edition of the African Organisation for …
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Politicians Sponsoring Illegal Mining In Zamfara- State Govt
Ololade Omosan-Agie The Zamfara State Government has accused unpatriotic elites and politicians from…
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Dubai Expo: We Are Targeting $23bn For Nigerian Businesses—FG
Oluwasina Phillip The participation of Nigerian businesses at the forthcoming Dubai Expo could fetch…
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Dangote’s Urea Fertilizer Plant to Generate $400m Export
Dangote Urea Fertilizer Plant has the capacity to meet local and foreign demands for fertilizer…
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Indonesian Health Workers Contract COVID-19
More than 350 doctors and medical workers have caught COVID-19 in Indonesia despite being vaccinated…
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AfDB Approves €83m Loan For Egypt’s Electricity Sector
Ebuka Daniel The Board of Directors of the African Development Bank have approved an €83m loan to fi…
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Labour Strike: Nasarawa Govt Says ‘No Work, No Pay’
Ololade Omosan-Agie The Nasarawa State government, following the organise labour strike in the state…
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EFCC Nabs Three For Alleged Currency Counterfeiting
Ebuka Daniel The Economic and Financial Crimes Commission (EFCC) on Wednesday, announced the arrest …
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Push For Amendment Of Your Act, NASS Tells NEPZA
Oluwasina Phillip The Senate Committee on Trade, Industry and Investment has urged the Nigeria Expor…
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MTN Says Insecurity May Disrupt Telecommunications Services In Nigeria
Ebuka Daniel MTN Nigeria has said in a recent report that its service in Nigeria may be disrupted du…
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Patronise Made In Nigeria Products, FG Tells Nigerians
Ololade Omosan-Agie The Federal Government has called on Nigerians to always patronize made in Niger…
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World Bank Says Inflation Pushed 7 Million Nigerians Into Poverty
Ololade Omosan-Agie The World Bank has countered claims made by President Muhammadu Buhari that he h…
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Gambia seeks CBN’s support on exchange rate stability
Ebuka Daniel The Central Bank of Gambia has reached out to the Governor of the Central Bank of Niger…
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Army General Petitions AGF Over Alleged Persecution By EFCC Operatives
Ebuka Daniel The Director of Finance and Administration in the Office of the National Security Advis…
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AfDB launches $463.9m Kangaroo Social Bond
OLuwasina Phillip The African Development Bank launched a A$600 million (US$463.9 million) 5.5-year …
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Buhari directs timely delivery of NLNG Train 7 project
Ebuka Onu President Muhammadu Buhari has charged stakeholders in the Bonny Nigeria Liquefied Natural…
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Naira Tumbles Further As Forex Scarcity Bites Harder
Ololade Omosan-Agie The naira has continued to tumble against the dollar, pounds and Euro at the par…
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AfDB Appoints Dunford As Vice President
Ebuka Daniel The African Development Bank Group has announced the appointment of Dr. Beth Dunford as…
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Nigeria loses over N100bn annually to tax related fraud—Experts
Ebuka Daniel Nigeria loses not less than N100b every year in tax related fraud, experts at a confere…
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Non Passage Of PIB Costs Nigeria $210bn Investments —-Report
Ebuka Daniel Nigeria has lost $210bn investments to the delay in the passage of the Petroleum Indust…
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Internet Subscribers Declined By 9 Million
Oluwasina Phillip Internet users in Nigeria declined by nine million subscribers to 144 million in t…
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Donate Blood Voluntarily, WHO Tells Youths
Ololade Omosan-Agie The World Health Organisation on Monday said that youths of all climes must embr…
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G7 chides China on rights, demands COVID origins investigation
Group of Seven leaders on Sunday scolded China over human rights in its Xinjiang region, called for …
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Tax defaulters to pay 50% of disputed amount into court account before hearing—FIRS
Ebuka Daniel Tax defaulters who plan to institute legal cases against the Federal Inland Revenue Ser…
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ICPC Seeks Standardised Template For ACAs
Oluwasina Phillip The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has…
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AstraZeneca shots should be halted for over-60s – EMA official
Countries should avoid giving the AstraZeneca coronavirus vaccine to people over 60 in addition to y…
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G7 reaches consensus on China dumping, human rights abuses -U.S. official
G7 leaders have reached consensus on the need for a shared approach to China selling exports at unfa…
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Putin says Russia would accept conditional handover of cyber criminals to U.S.
President Vladimir Putin has said Russia would be ready to hand over cyber criminals to the United S…
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Congo president says Kinshasa hospitals ‘overwhelmed’ by coronavirus
Hospitals in Democratic Republic of Congo’s capital Kinshasa are “overwhelmed” by …
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Four Factors Behind the Metals Price Rally
As economies reopen in various parts of the world, the price of some commodities has soared, includi…
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WTO boss sees way for deal to speed COVID vaccines for poor nations
The head of the World Trade Organization said there was a pathway for a global deal to get more COVI…
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NCC To Introduce Higher Charges For International Voice Calls
Oluwasina Phillip The Nigerian Communications Commission will adjust the International Termination R…
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FIRS Does Not Grant Tax Waivers To Investors, Says Nami
Ebuka Daniel The Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami, has discl…
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ITF To Begin Mass Production Of Nigerian Made Mobile Phones
Oluwasina Phillip The Director-General of the Industrial Training Fund, Joseph Ari, on Friday said t…
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NNPC , NCDMB and Zed Energy to establish a Petroleum Products Terminal in Brass, Bayelsa State
Ebuka Daniel The Nigerian National Petroleum Corporation (NNPC), the Nigerian Content Developm…
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CBN to Introduce Digital Currency Before December
Oluwasina Phillip The Central Bank of Nigeria on Thursday announced its plans to launch its Digital …
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We Are Updating Nigeria’s Trade Policy—FG
Ebuka Daniel The Federal Government said it is updating Nigeria’s trade policy to reflect the curren…
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Why We Are Building Railway To Niger–Buhari
President Muhammadu Buhari on Thursday explained that he has approved rail lines linking Nigeria to …
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FG Unveils Programmes For Nigeria @ 60 Celebration
Ololade Omosan-Agie The Federal Government has rolled out series of programmes that would be used to…
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Why We Cant Remove Fuel Subsidy Now—Buhari
Oluwasina Phillip President Muhammadu Buhari has said that it is difficult to remove fuel subsidy wi…
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We Can’t Attract Investors If You Don’t Behave Yourselves, Buhari Tells Youths
Ebuka Daniel No foreign investor will come into Nigeria if the youths continue to cause crisis in th…
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Nigeria Public Debt Hits N33trn–DMO
Ebuka Daniel The Debt Management Office has released Nigeria’s Public Debt Stock as at March 31, 202…
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FG targets 3,000 jobs with airports approved as special economic zones
Oluwasina Phillip The federal government has said that it is targeting the creation of 30,000 direct…
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DBN Commits To Environmental Sustainability
Ebuka Daniel The Development Bank of Nigeria (DBN) has reiterated its commitment to sustainability w…
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We Will Assist Nigeria Unlock Economic Potentials Of Mushroom Farming—–Awunor
We Will Assist Nigeria Unlock Economic Potentials Of Mushroom Farming—–Awunor In this in…
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Farmers Stop Supply Of Onions To South, Demand N4.2bn Compensation
Ebuka Daniel The Association of Onions Producers, Processors and Marketers of Nigeria has threatened…
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Finally, NIS Re-opens Passport Application, Payment Portal
Ololade Omosan-Agie The Nigeria Immigration Service has re-opened its passport application portal fo…
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Risk Based Supervision For Insurance Sector Begins In August—NAICOM
Ebuka Daniel The National Insurance Commission has announced that Risk Based Supervision policy will…
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Naira Crashes To N502 After CBN Devaluation
Ebuka Daniel The Naira has crashed at the parallel market to N502 per dollar after the Central Bank …
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Set Up Mechanism To Sanction Members, ICAN Told
Oluwasina Phillip The Institute of Chartered Accountants of Nigeria (ICAN), has been asked to s…
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NESG Faults Twitter Ban
Ololade Omosan-Agie The Nigerian Economic Summit Group has said that the ban on US based microbloggi…
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Afreximbank Supports ARSO in the Harmonisation of African Automotive Standards
Oluwasina Phillip The African Export-Import Bank (Afreximbank) is supporting the African Organisati…
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Afreximbank To Set Up African Medical Centre Of Excellence In Abuja
Oluwasina Phillip African Export-Import Bank (Afreximbank) has announced the commencement of its Afr…
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AfDB Group supports risk-based supervision for capital markets
The African Development Bank Group and the Securities and Exchange Commission (SEC) of Ghana today l…
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Green Africa Set For Operation As Third Aircraft Arrives
Ololade Omosan-Agie Nigeria’s newest airline, Green Africa, has received its third aircraft ah…
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Banks to consider sustainable banking practice before granting loans—Emefiele
Ebuka Daniel The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, has warned that henceforth …
-
Publish Assets of Public Servants, ICPC Tasks CCB
Ololade Omosan-Agie The Independent Corrupt Practices and Other Related Offences Commission (ICPC) h…
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Nigeria Needs N16.4trn Investments For Implementation Of Gas Plan— NNPC
Oluwasina Phillip The Nigerian National Petroleum Corporation has said that the Nigerian oil and gas…
-
Minister Calls For Establishment Of More Arbitration Institutions
Ololade Omosan-Agie Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo has called fo…
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FG Assures UK Businesses Of Support
The Federal Government has assured United Kingdom companies operating in Nigeria of its support in e…
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FG To Provide 20,000 Jobs Annually For Graduates
Ebuka Daniel Vice President Yemi Osinbajo has unveiled plans by the federal government to launch a j…
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FG Approves N14.8bn Insurance Cover For Workers
Ololade Omosan-Agie The Federal Executive Council presided over by the President, Muhammadu Buhari h…
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Nigeria Needs N16.4trn Investments For Implementation Of Gas Plan— NNPC
Oluwasina Phillip The Nigerian National Petroleum Corporation has said that the Nigerian oil and gas…
-
Why FG Is Concessioning Lagos, Abuja, Three Other Airports― Sirika
Ebuka Daniel Nigeria’s Minister of Aviation, Hadi Sirika, has for the umpteenth time explained why t…
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ITFC Partners with UNIDO to support Egypt’s cotton sector
The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank…
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FG Extends Issuance Of New Passport To June 8
Ololade Omosan-Agie The federal government has dashed the hope of many Nigerians who had eagerly awa…
-
FG Receives 75 Bids For Road Concession
Oluwasina Phillip A total of 75 firms have submitted bids to serve as concessionaires for 12 federal…
-
Finally, Ketron Investment Acquires Shoprite
Ololade Omosan-Agie Shoprite has sold its N30bn worth Nigerian business to Ketron Investment. The ne…
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Oil Price Hits $70 Per Barrel As Barkindo Warns OPEC Members Against Complacency
Ebuka Daniel With oil pricing rising above $70 per barrel band, OPEC Secretary-General, Dr Sanusi Ba…
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FG Rehabilitates Grazing Reserves
Ololade Omosan-Agie The Federal Government has said it has begun the rehabilitation of grazing reser…
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Senate Considers Buhari’s N2.34trn loan request
Oluwasina Phillip The Senate on Tuesday considered President Muhammadu Buhari’s request for another …
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OECD raises growth forecasts on vaccine rollouts, U.S. stimulus
The global economic outlook is improving as vaccine rollouts allow businesses to resume operations a…
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African Development Bank extends $84 million in financing to boost electricity access
The Board of Directors of the African Development Bank Group has approved $84.22 million in lo…
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Stock Market Opens Week Bullish As Investors Gained N95bn
Oluwasina Phillip Equities trading at the Nigerian Exchange Limited (NGX), on Monday, was bullish as…
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Over 56 million Nigerians Registered For NIN—NIMC
Ololade Omosan-Agie The National Identity Management Commission has said that 56 million Nigerians h…
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FG generated N1.53trn from taxes, others in Q1—-RMAFC
Oluwasina Phillip Between January and March this year, the revenue generating agencies in the countr…
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Afrexim, NEXIM Bank support Nigeria’s waterways with $750,000
Ebuka Daniel The African Export-Import Bank (Afreximbank) and Nigeria Export-Import Bank (NEXIM) hav…
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NANTS Demands Compensation For Traders Affected By Fire In Lagos, Enugu Markets
Ololade Omosan-Agie The National Association of Nigerian Traders on Sunday urged the Federal and Sta…
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AMCON charges Asset Managers on speedy recovery of N5trn debt
Oluwasina Phillip The Asset Management Corporation of Nigeria has directed it’s Asset Manageme…
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SEC To Grow Solid Minerals Through Commodities Exchange Market
Ebuka Daniel The Securities and Exchange Commission is seeking to collaborate with the Ministry of M…
-
Revocation Of Addax Oil License Won’t Affect Nigeria-China Relations—FG
Ololade Omosan-Agie The Federal Government has said that the revocation of some Oil Mining Licenses …
-
Candidates Vying For UNIDO DG Position Meet Member States
Ebuka Daniel A forum of candidates for the post of Director General of the United Nations Industrial…
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Poor Synergy Among Govt Agencies Responsible For Corruption At Ports–Shippers Council
Oluwasina Phillip The Nigerian Shippers’ Council has attributed the high corrupt practices at the po…
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Farmers Fault FG’s Agric Policies
Oluwasina Phillip The All Farmers Association of Nigeria has accused the leadership of the Federal M…
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Dollar Set To Hit N500 At Parallel Market After CBN Devaluation
Ololade Omosan-Agie The naira is close to exchanging at N500 per dollar after the Central Bank of Ni…
-
NNPC Post N39.85bn Trading Surplus in February
Ebuka Daniel The Nigerian National Petroleum Corporation (NNPC) has announced a N39.85bn trading sur…
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Finance Minister, ICPC Boss, AGF Appear Before Reps’ Committee on Recovered Loots
Finance Minister, ICPC Boss, AGF Appear Before Reps’ Committee on Recovered Loots The Ad-Hoc C…
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Over N333bn Released To Finance Projects In South–South Region—Emefiele
Ebuka Daniel The Central Bank of Nigeria has so far disbursed the sum of N333.19bn to various projec…
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Afreximbank Records Strong Growth in Q1, Records $87.3m Income
Ololade Omosan-Agie African Export-Import Bank (Afreximbank) today, in Cairo, released its unaudited…
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PTAD begins consequential pension increment payment
The Pension Transitional Arrangement Directorate on Wednesday said it has commenced the payment of t…
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Electricity Customers Paying 78% Tariffs –NERC
Oluwasina Phillip The Nigerian Electricity Regulatory Commission said on Wednesday that power users …
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AfDB approves new water policy
The Board of Directors of the African Development Bank Group has approved a new policy on water, pri…
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Telcos consume $2.6bn forex annually –NCC
The Nigerian Communications Commission has said that the annual outflow of foreign exchange for the …
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NNPC, Bonga Sign Agreement To Unlock Two Billion Barrels Of Oil In OML 118
Ebuka Daniel The Nigerian National Petroluem Corporation and Bonga PSC have signed watershed agreeme…
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We Will Give You Agric Loans If You Drop Your Weapons, CBN Tells Bandits
Oluwashina Phillip The Central Bank of Nigeria Governor, Godwin Emefiele, has asked bandits in the f…
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Stock Market Capitalization Drops To N19.9trn
Ebuka Daniel The Nigerian stock market closed on a negative note for the seventh consecutive trading…
-
Govt, firms, Individuals Borrow N23.53tn From Banks
Ebuka Daniel Banks’ credit to the economy rose to N23.53tn as of the end of March, latest figures fr…
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FG Evaluates Nigerian-Made Helicopter
Oluwashina Phillip The Federal Ministry of Aviation on Tuesday commenced assessment of a made-in-Nig…
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SEC may sack workers over revenue shortfall
Ololade Omosan-Agie The Securities and Exchange Commission has said it is considering reducing its w…
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CBN Retains MPR At 11.5%, As Emefiele Says Nigeria’s Economy Still Fragile
Oluwasina Phillip The Central Bank of Nigeria on Tuesday warned that the economy is still in a fragi…
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Dollar Now N410 As CBN Implements Another Devaluation
Ebuka Daniel The Central Bank of Nigeria has officially devalued the naira to N410 per dollar bowing…
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AfDB Has Invested $96m In Higher Education Science And Technology Project– Adesina
Ebuka Daniel The President of African Development Bank, Dr. Akinwumi Adesina says the Bank has…
-
Keyamo Appeals To Participants Of Public Works Programme Over Delayed Payment
Oluwasina Phillip The Federal Government has disclosed plans to commence payment of the second phase…
-
LCCI Faults GDP Growth For Manufacturing, Agric Sectors
Ebuka Daniel The Lagos Chamber of Commerce and Industry has faulted the report published by the Nati…
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How Nigerian Investors Can Hedge Against Currency Fluctuations
Oloade Omosan-Agie Nigerian investors are losing a lot to the devaluation of the naira, but they mus…
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FG Reviews Industrial Revolution Plan To Reflect Economic Realities
Oluwasina Phillip Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo on Monday discl…
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FG moves to recover N17bn mineral export unpaid royalties
Ebuka Daniel The Federal Government has expressed willingness to recover over N17bn unpaid royalties…
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FAAC Allocates N616.88bn To Three Tiers Of Govt
Ebuka Daniel The Federation Accounts Allocation Committee has shared a total of N616.88bn to the thr…
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NCC Asks Nigerians To Submit Phone IMEIs In Three Months
Nigerians will be required to submit their International Mobile Equipment Identity beginning from Ju…
-
Aviation Minister Warns Nigerians Against Abusing Leaders
Ololade Omosan-Agie The Minister of Aviation, Hadi Sarika, has said that raining curses on political…
-
FG Unveils New Regulations For Local Content
Oluwasina Phillip The Federal Government on Friday rolled new sets of approved ministerial regulatio…
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FG Ignores Governors’ Forum On Fuel Price, Says No Increase In June
Ebuka Daniel The Minister of State for Petroleum Resources, Timipre Sylva has said that the federal …
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NNPC Spokesman, Obateru, Bags NIPR Fellowship Award
The Group General Manager, Group Public Affairs Division of the Nigerian National Petroleum Corporat…
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NAICOM, Transport Ministry To Provide Insurance For Road Transport Owners
Ebuka Daniel The National Insurance Commission, (NAICOM) and the Federal Ministry of Transportation …
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Foreign countries should return looted funds with interest – ICPC Chairman
Oluwasina Phillip The Chairman of the Independent Corrupt Practices and Other Related Offences Commi…
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Why We Are Borrowing For Infrastructure Project– Lagos Govt
Ololade Omosan-Agie The Lagos State Government has said that most of its ongoing projects are funded…
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No Power Supply, No Meeting, El-Rufai Replies FG
Ebuka Daniel The Governor of Kaduna State, Nasir El-Rufai, has said that no official of his administ…
-
ITF Equips 11,100 Youths With Skills Acquisition
Oluwasina Phillip The Federal Government has identified unemployment and poverty as triggers respons…
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BUA Expand University Of Maiduguri’s Entrepreneurship Centre
Ebuka Daniel BUA Group has released a N1bn grant to fund the University of Maiduguri Entrepreneurshi…
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Afreximbank Begins Construction of Africa Quality Assurance Centre in Nigeria
Oluwasina Phillip The African Export-Import Bank (Afreximbank) has announced the commencement of con…
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Kaduna Protest: FG To Meet El-Rufai, NLC Tomorrow
Ebuka Daniel The Federal Government has weighed in on the current disagreement between the Kaduna St…
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Mushroom Growers Association Appoints Iletogun Media Consultant
Ebuka Daniel The Chairman of Toastmasters Communications Ltd, Mr Babajide Iletogun has been appointe…
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NEPZA Boss Calm Staff’s Agitations Over Plot To Undermine Authority’s Status
Ololade Omosan-Agie NEPZA boss rises to calm Staff’s brewing agitations over alleged attempt to unde…
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Buhari Not Asking For Fresh $6.18bn Loan—DMO
Ebuka Daniel The Debt Management Office has said that the request by President Muhammadu Buhari for …
-
AfDB Signs Grant Agreement For $31m To Tackle Malnutrition
Oluwasina Phillip The African Development Bank and the Government of Ethiopia have signed an agreeme…
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CBN Disbursement Of Fund Not Skewed To Favour North—Emefiele
Ebuka Daniel The Governor of the Central Bank of Nigeria Mr Godwin Emefiele on Tuesday defended the …
-
Illicit Financial Flows Affecting Revenue Mobilisation–FG
Oluwasina Phillip The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Tuesda…
-
Afreximbank Completes $1.3bn Bond Issuance Transaction
Oluwasina Phillip The African Export-Import Bank (Afreximbank) has successfully closed a $1.3bn…
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We Will Improve Welfare Of Nigerians Through Private Sector Support- FG
Ebuka Daniel President Muhammadu Buhari has said that he is willing to cooperate with the private se…
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NAICOM Activates IFRS Machinery Insurance Contracts
The National Insurance Commission (NAICOM) has activated its machinery as part of efforts towards th…
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Banks, Telecoms, Get 14 Days Ultimatum To Stop GSM Boosters
Ololade Omosan-Agie The Nigerian Communications Commission has said that the sale and usage of mobi…
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2021 Budget: Buhari Seeks Senate’s Approval For $6bn Loan
Ololade Omosan-Agie President Muhammadu Buhari on Tuesday forwarded a request to the Senate requesti…
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El-Rufai Hired Thugs To Disrupt Workers Protests—NLC President
Ebuka Daniel The President of the Nigeria Labour Congress, Ayuba Wabba on Tuesday accused the Kaduna…
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Association Of African Development Finance Institutions Tasks Countries On Economic Recovery
Oluwasina Phillip The Association of African Development Finance Institutions on Monday task African…
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AfDB, EBRD Partner To Unlock Investment In Africa
Ololade Omosan-Agie The African Development Bank Group and the European Bank for Reconstruction and …
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NLC’s Agitations Can’t Stop Us From Sacking Workers–El-Rufai
Ololode Omosan-Agie The Governor of Kaduna State, Nasir El-Rufai has said that the conditions that c…
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We Have Delivered Our Gas Supply Promise At Egbin Power Plant—-Kyari
Oluwasina Phillip The Group Managing Director of the Nigerian National Petroleum Corporation, Mele K…
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Inflation Rate Drops To 18.12% After 19 Consecutive Months Of Increase
Ebuka Daniel Nigeria’s inflation has unexpectedly dropped to 18.12 per cent twenty consecutive month…
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Only 1,648, Not 7,770 Workers Were Sacked— Kaduna Government
Ebuka Daniel The Kaduna State Government has debunked claims by the Nigerian Labour Congress that it…
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NLC Shutdown Kaduna State Over Sacking Of 4,000 Workers
Ololade Omosan-Agie The Nigerian Labour Congress has insisted that there is no going back on its cam…
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Nigeria’s Forex Reserves Drops To Lowest Level At $34.57bn
Oluwasina Phillip Nigeria’s external reserves have plunged to its lowest level since Apri…
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FIRS laments non remittance of tax by MDAs
Ebuka Daniel The Executive Chairman of the Federal Inland Revenue Service, Muhammed Nami, has expres…
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AfDB urges enablers to apply for funding to support women entrepreneurs
Babajide Iletogun This Month, the African Development Bank Group is launching a call for proposals f…
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NIMET Warns Of Three Days Of Thunderstorms Across Nigeria
Ololade Omosan-Agie The Nigerian Meteorological Agency (NiMet) has predicted thunderstorms and cloud…
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TCN Restores Power To 330KV Transmission Stations
Ebuka Daniel The Transmission Company of Nigeria (TCN) said it has restored power to the 330 Kilo Vo…
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New UNIDO DG To Emerge In July As Three Candidates Nominated For Position
Oluwasina Phillip The governments of the State of Bolivia, Ethiopia and Germany have nominated candi…
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African Covid-19 Testing Declines as Variants Spread
The African Union’s health agency urged countries on the continent to increase testing for the coron…
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Standard Bank Gears Up for Africa’s Post-Covid Economic Recovery
Africa’s biggest lender sees opportunity in both its core South African market and the rest of the c…
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TCN Probes Cause Of National Grid Collapse
Ololade Omosan-Agie The Transmission Company of Nigeria has assured that efforts are ongoing to rest…
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Nigeria Earned N392.77bn From Company Income Tax In Q1
Oluwasina Phillip Nigerian Companies have added N392.77bn into the coffers of the Federal Government…
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Finance, Justice Ministers, AU Commissioner, Others To Attend Nigeria’s International Conference on IFFs, Asset Recovery
Ebuka Daniel Finance, Justice Ministers, AU Commissioner, HEDA Headline Nigeria’s International Conf…
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Akwa Ibom Gets N5bn From BUA For Healthcare Development
Ololade Omosan-Agie The Abdul Samad Rabiu Africa Initiative, the brainchild of BUA Cement Chairman, …
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Nigerians in diaspora’s get Ecobank, NIDCOM support on economic development
Ebuka Daniel Ecobank Nigeria Limited has partnered with Nigerians in the Diaspora Commission to enha…
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Nigeria exceeds OPEC production quota For April
Oluwasina Phillip Nigeria exceeded the April production quota set for it by the Organisation of Petr…
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AfDB completes clearance of Sudan’s $413m arrears
Following approval of the proposal by the Boards of Directors of the African Development Bank Group …
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Remittance Flows Into Nigeria, Other Countries Hit $540bn—World Bank
Oluwasina Phillip Despite COVID-19, remittance flows remained resilient in 2020, registering a small…
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Again, Darkness Looms As National Grid Collapses
Ebuka Daniel Most Nigerians may celebrate the Eid el-Fitr holidays in total darkness as the Kaduna E…
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UK Seeks Tariff Exemption On Solar Equipment
Babajide Iletogun The United Kingdom has called on the Federal government to consider the issuance o…
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FG to conclude [email protected] celebration with special awards in September — Official
The Federal Government says it is set to wrap up the [email protected] celebration with a National Special …
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NSIA Grows Income To N160bn
Oluwasina Phillip Nigeria Sovereign Investment Authority (NSIA), the agency saddled with the mandate…
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GCR ASSIGNS TRIPLE “AAA” LONG TERM RATING TO DBN
Ebuka Daniel Global Credit Ratings (GCR), one of the leading rating agencies in Africa, has assigned…
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FCCPC to investigate controversial deaths at Lagos Hospitals
Ebuka Daniel The Federal Competition and Consumer Protection Commission has begun probe into circums…
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FG Delegation To Visit Ghana Over Nigerian Traders Conflict
Ebuka Daniel President Muhammadu Buhari has directed that a Ministerial delegation be sent to Ghana …
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SEC Issues Update on CMOs Registration
Ololode Ololade-Omosan The Securities and Exchange Commission (SEC) has issued an update on registra…
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Uber Increases Passengers Fare By 13%
Oluwasina Phillip Nigerians may pay more on transportation, as drivers under the Uber platform begin…
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FG Probes Contracts Awarded By Suspended NPA MD
Ebuka Daniel The Federal Government has inaugurated a panel to probe contracts and alleged non-remit…
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Foreign Stocks: SEC to Register, Monitor Brokers to Ensure Transparency
Ololade Omosan-Agie The Securities and Exchange Commission is to register and actively monitor broke…
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Customs Confiscates Items With Duty Paid Value Of N1.76bn
Oluwasina Phillip The Comptroller of the Apapa Command of the Nigeria Customs Service, Mallanta Yusu…
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FG revives 700-hectare land in Ogun for farm estate
Ebuka Daniel The Federal Government announced on Friday that it had commenced the reactivation of it…
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Only 2.9 million vehicles registered by insurance firms –NIA
Ololade Omosan-Agie Out of the estimated 13 million vehicles in Nigeria, only about 2.9 millio…
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Nigeria’s VAT rises to N496bn in First Quarter—NBS
Oluwasina Phillip Nigeria’s Value Added Tax data for the first quarter of 2021 rose to N496.39bn as …
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We Remitted N159bn Into Govt Coffers Under My Watch, Says Embattled NPA MD
Ebuka Daniel Between 2017 and 2020, the Nigeria Ports Authority under the leadership of the suspende…
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We Can’t Fail Nigerians On PH Refinery Rehabilitation:– NNPC
Oluwasina Phillip The Nigerian National Petroleum Corporation has kicked off construction work for t…
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No Need For Investors To Panic Over First Bank Crisis—-Chapel Hills
Ololade Omosan-Agie Chapel Hills Denham is dismissing unnecessary panic that will further weaken inv…
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Insurance Firms Paid N4bn Compensation To 2,000 Businesses Affected By EndSARS Protest
Ebuka Daniel Insurance companies in the country have paid N4bn as compensation to over 2,000 busines…
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FG To Mobilise More Support For Nigerian Entrepreneurs – Minister –
Babajide Iletogun . The Minister of State for Industry, Trade and Investment, Amb. Mariam Yalwaji Ka…
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NIN Will Assist Us Tackle Insecurity—-Buhari
Ololade Omosan-Agie President Muhammadu Buhari on Thursday said promoting National Identification Nu…
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Emefiele Woos Youths To Embrace Agriculture
Oluwasina Phillip The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has urged youths …
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Minister Task FRCN On Enforcement Of Accounting Standards
Babajide Iletogun The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo has tasked …
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FG Boosts Women’s Participation In Energy Sector With $20m
Ebuka Daniel The Federal Government has provided $20m to support active participation of women in th…
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FG Targets Four Million Households For Free Distribution Of Pre-paid Meters
Ololade Omosan-Agie The Federal Government has announced its readiness to commence the second phase …
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Tax Evasion: FIRS Plans Direct Deductions From Defaulters Bank Accounts, Other Assets
Babajide Iletogun The Federal Inland Revenue Service on Wednesday said it would begin direct deduct…
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FG Will Deploy 5G Technology Soon—-NCC
Oluwasina Phillip The Federal Government on Wednesday said it is going ahead with arrangements for d…
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FEC Approves Power Contracts Worth N6bn
Oluwasina Phillip The Federal Executive Council has approved contracts worth over N6 billion for six…
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Nigeria, Nine Others, Ravaged By Acute Food Crisis–Report
Ololade Omosan-Agie Nigeria, Democratic Republic of Congo, Ethiopia, five other countries have toppe…
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I Feel Sad When Foreign Investors Snub Nigeria For Ghana- Tony Elumelu
Ebuka Daniel The Chairman of Heirs Holdings and United Bank for Africa has said that it is heart bre…
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DMO Opens Subscription For FG Savings Bond
Ebuka Daniel The Debt Management Office (DMO) has announced the opening of two Federal Government (F…
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All Our Intervention Funds Are Achieving Desired Results—CBN
Oluwasina Phillip The Central Bank of Nigeria, CBN, has urged the people of the South-East to embrac…
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CITN Seeks Accountability In Tax Administration
Ebuka Daniel The Chartered Institute of Taxation of Nigeria, Ikeja and District Society, has urged g…
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Okonjo-Iweala Breaks Another Record At WTO, Names Two Women Deputy DG
Babajide Iletogun The Director-General of the World Trade Organization (WTO), Dr Ngozi Oko…
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74 Govt Agencies Duplicated 316 Projects In 2021 Budget—-Report
Ebuka Daniel From the 19,036 capital projects contained in the 2021 budget, about 316 of them worth …
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Divorce: Bill Gates May Drop To 17th Richest Man
Microsoft founder, Bill Gates, may drop from number 4 to number 17 on billionaires index after split…
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FG Extends NIN-SIM Verification Deadline
Oluwasina Phillip The Federal Government has extended the National Identification Number and Subscri…
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FG To Merge Agencies, Others To Cut Cost
Ololade Omosan-Agie President Muhammadu Buhari has directed the salaries committee to review payroll…
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AEDC To Spend N100bn On Electricity Facilities Upgrade
Ebuka Daniel The Nigerian Electricity Regulatory Commission has approved a N100bn investment f…
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Capital Market Investors Gained N420bn In 30 Days–Report
Ololade Omosan-Agie Investors in the Nigerian stock market gained N420bn in April as listed companie…
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Review export proceeds repatriation policy, LCCI tells CBN
Oluwasina Phillip The Lagos Chamber of Commerce and Industry said it has become imperative for the C…
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NCAA lifts Azman Air suspension after six weeks
Ebuka Daniel The Nigerian Civil Aviation Authority has lifted the suspension it placed on Azman Air …
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We Acted In The Best Interest Of First Bank Customers—Sacked Chairman, Awosika
Ebuka Daniel Former Chairman, Board of Directors of First Bank of Nigeria Limited, Ibukun Awosika, h…
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First Bank Complies With CBN Directive On New Board
Ebuka Daniel First Bank of Nigeria Limited has said that its Chief Executive Officer, Dr Adesola Ade…
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NLC Blames Mass Sacking For Insecurity In Kaduna State
Ololode Omosan-Agie The leadership of the Nigerian Labour Congress (NLC) has alleged that the mass l…
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ICPC: Building Investigators’ Capacity To Tackle Illicit Financial Flows
Ebuka Daniel Currently, it is easy for money to flow across borders and this connectivity between in…
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NBS, Ngige, Clash Over Accuracy Of Unemployment Figures
Oluwasina Phillip The National Bureau of Statistics has faulted claims by the Minister of Labour and…
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NNPC To Boost Remittance To FAAC
Ololade Omosan-Agie The Nigerian National Petroleum Corporation (NNPC), on Friday clarified that the…
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AfDB, IFAD, To Tackle Rising Hunger In Africa
Ebuka Daniel The African Development Bank and the International Fund for Agricultural Development (I…
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CBN Sacks First Bank Directors, Reinstates Adeduntan As MD
Ebuka Daniel The Central Bank of Nigeria on Thursday in a bid to ensure the sanctity of the financia…
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NEPZA To Migrate SMEs To Economic Zones
The Managing Director of Nigerian Export Processing Zones, Prof. Adesoji Adesugba, has canvassed for…
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We Transmitted 5,801.6MW To Discos—TCN
Babajide Iletogun The Transmission Company of Nigeria, on Wednesday, said it evacuated the country’s…
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Nigeria, US, Iran, Three Others Account For 65% Global Gas Flaring – World Bank
The World Bank on Wednesday said Nigeria and six other countries were responsible for two-thirds of …
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FG Grants Dangote Cement ₦22.32bn Tax Credit
Ebuka Daniel The Federal Inland Revenue Service has issued Dangote Cement Plc, tax credit certificat…
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FG Approves National Poverty Reduction Strategy
Ololade Omosan-Agie The Federal Executive Council has approved the National Poverty Reduction with G…
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Capital Market Investors lose Over N270bn In 24 Hours
Oluwasina Phillip Investors in the Nigerian stock market lost N274bn on Wednesday as 23 firms saw th…
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DMO To Domesticate Debt Management Guidelines In States
Babajide Iletogun The Debt management Office has initiated a process that will lead to the domestica…
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AMCON To Seize Non-Collaterized Assets
Ebuka Daniel The Senate has empowered the Asset Management Corporation of Nigeria to seize customers…
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AfDB, IFAD, Others To Brainstorm On Food Security In Africa
Ebuka Daniel The African Development Bank and the International Fund for Agricultural Development, i…
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Nigeria’s Flutterwave Makes Times First Ever List For 100 Most Influential Companies
Ebuka Daniel Nigerian fintech startup Flutterwave has made the Times Magazine 2021 100 most influent…
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FG Seeks Multi-Stakeholder Support To Boost Health Security
Oluwasina Phillip A multi-stakeholder solution to tackle funding challenges of the health sector is …
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Defaulters: ICPC Drags 2,000 Firms Into Tax Net—Owasanoye
Ololode Omosan-Agie The Independent Corrupt Practices and Other Related Offences Commission has drag…
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Master Plan Initiatives Yielding Results – SEC
Babajide Iletogun The Securities and Exchange Commission has stated that the implementation of the 1…
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$120m Investment in Transcorp Hotels Will Boost Profitability
Oluwasina Phillip The Chairman, Transnational Corporation of Nigeria (Transcorp) Plc, Mr. Tony Elume…
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No Increase In Petrol Price Until Discussions With Labour Is Over—NNPC
Oluwasina Phillip The price of petrol is not going to be adjusted despite the fluctuations in global…
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319,755 Nigerians benefitted from FG’s payroll support programme – Presidency
THE Presidency says 319,755 Nigerians have benefitted from the Economic Sustainability Plan’s Surviv…
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Ban On Emirates Airline To Be Lifted In 48 Hours
Ololode Omosan-Agie The Federal Government will announce the date for the resumption of Emirates Air…
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Climate-Resilient Infrastructure Offers $170bn Investment Potential For Nigeria, Others—Adesina
Ebuka Daniel The President of the African Development Bank, Dr Akinwumi Adesina has said that climat…
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Electricity Tariff Hike Looms As NERC Set For Another Review
Ebuka Daniel There are indications that Nigerians may be expected to pay more for electricity as the…
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Oil Marketers Demand Equitable Petroleum Products Pricing
Ololade Omosan-Agie Oil Marketers have decried the low profit margin in the downstream oil sector, s…
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Nigeria Has Reviewed Bilateral Agreements With UK To Tackle Insecurity—Defence Minister
Babajide Iletogun The Federal Government has reviewed the existing bilateral agreements between the …
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CBN Gives Approval To Ten New Money Transfer Operators
Ebuka Daniel The Central Bank of Nigeria has approved ten new International Money Transfer Operators…
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Banking Sector Recorded N356trn Electronic Transaction In Q4—NBS
Oluwasina Phillip The Covid-19 pandemic has reshaped payment patterns in the Nigerian banking system…
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Senate Commends ICPC On 2020 Budget Performance
Ebuka Daniel The Senate Committee Chairman on Anti-Corruption and Financial Crimes, Senator Suleiman…
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FAAC Allocates N681.3bn To FG, States, LGs In March
Ebuka Daniel The Federation Accounts Allocation Committee has shared a total of N681.33bn as March 2…
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SEC Tasks Investors on e-Dividend
Oluwasina Phillip The Securities and Exchange Commission has again urged investors in the capital …
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77% Of Nigerians On Contributory Pension Scheme Are Below 40 Years—–PenCom
Ebuka Daniel The total number of workers with pension accounts under the Contributory Pension Scheme…
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Transcorp Hotel Records N201.97m Loss
Ololode Omosan-Agie Nigeria’s hospitality industry in the first quarter has yet to recover fro…
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Nigeria Can Earn $4.5bn From Mushroom Exports—Mushroom Growers Association
Ebuka Daniel The Mushroom Growers, Processors and Marketers Association of Nigeria on Friday said it…
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Why Hyundai, KIA Chose Ghana Over Nigeria For Car Assembly Plant- Alpha African Advisory
Ebuka Daniel Africa is currently seeing investment inflow from the biggest companies across the glob…
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Lagos Plans Policy To Reduce Risks In Agric Sector
Ebuka Daniel The Governor of Lagos State, Babajide Sanwo-Olu has launched a 5-year agriculture and f…
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FG GrantsN20bn Tax Waiver To NLNG For Construction Of Bonny Bridge
Babajide Iletogun The Federal government has granted Nigeria Liquefied Natural Gas Company ₦20bn tax…
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Nigerian Businesses Lose $29bn Annually To Epileptic Power Supply – World Bank
Ololade Omosan-Agie The poor power supply currently bedeviling the country is causing Nigerian busin…
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AfCFTA: CBN Opens Naira Settlement Discussions With AFREXIM Bank
Ebuka Daniel The Central Bank of Nigeria has said that it is in talks with the African Export-Import…
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FG Restates Commitment To Development Of MSMEs Sector
Ebuka Daniel The Minister of State for Industry, Trade and Investment, Amb. Mariam Yalwa…
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FG To Bridge Gender Gap In Agric Sector
Oluwasina Phillip The Federal Government has inaugurated the National Gender Steering Committee for …
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Backward Integration Programme In Sugar Sector Will Create Jobs For Nigerians—-Adedeji
Ebuka Daniel The Executive Secretary of the National Sugar Development Council, Mr. Zacch Adedeji ha…
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NNPC Increase Daily PMS Truck-Out To Tackle Fuel Scarcity
Oluwasina Phillip The Nigerian National Petroleum Corporation in a bid to tackle the fuel queues in …
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SMEDAN Seeks To Protect Intellectual Property For MSMEs
Ebuka Daniel The Director General/ Chief Executive Officer of Small and Medium Enterprises Developme…
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Banks Credits Rises To N1.6tn in January
Ololade Omosan-Agie The value of consumer credit in the Nigerian economy fell by four per cent to N1…
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Unity Bank Grows Assets To N492.02bn
Babajide Iletogun Unity Bank Plc said it grew its assets base by 67.9 per cent to N492.02bn as of th…
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Repatriate Forex Proceeds, CBN Directs Exporters
Ebuka Daniel The Central Bank Governor, Godwin Emefiele, has urged exporters to repatriate export pr…
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Senate Mutes Policy Review To Boost Local Investments In Cement
Oluwasina Phillip The Senate on Tuesday called on the Federal Government to introduce liberal polici…
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Insecurity: Finance Minister warns againts social-economic disaster
Ebuka Daniel The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Tuesday sai…
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Scarcity: NNPC Says Fuel Queues Will Disappear Soon
Oluwasina Philip The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Ky…
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FG To Drive Job-Intensive Growth Of Economy – Adebayo
Babajide Iletogun Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo on Tuesday disc…
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DPR Set To Remove Bottlenecks On Gas Supply Networks
Babajide Iletogun The Department of Petroleum Resources has rallied major stakeholders, including th…
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FG To Disburse N75bn Youth Fund In Phases—Minister
Oluwasina Phillip The Ministry of Youth and Sports Development has said the disbursement of the Nige…
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FG Raked N2.15tn From MDAs Operating Surplus In 11 Years—FRC
Ebuka Daniel The Fiscal Responsibility Commission said it caused Ministries, Departments and Agencie…
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No Increase In Price Of Petrol In May-NNPC
Oluwasina Phillip The Nigerian National Petroleum Corporation has announced that there would be no i…
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OAGF To Assist NEITI Track Oil Revenue
Ololade Omosan-Agie The Office of the Accountant General of the Federation is to support the Nigeria…
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FIRS Threatens To Sanction Five Firms For Tax Returns Default
Babajide Iletogun The Federal Government in a bid to shore up tax revenues may have begun a clampdow…
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Access Bank Set To Acquire Botswana’s Fifth Largest Bank
Ebuka Daniel Access Bank Plc is in talks to seal a deal with former Barclays Plc Chief Executive Off…
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MSMEs To Be Recognised By Turnover, Not Asset Base—SMEDAN
Ebuka Daniel The Director General and Chief Executive, Small and Medium Enterprises Development Agen…
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Stock Market Remain Bearish As Downward Trend Continues
Oluwasina Phillip The nation’s stock market remained bearish last week leading to a decline of 0.15 …
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Credit Bureau Drives Awareness On open banking
Oluwasina Phillip CRC Credit Bureau has created awareness on the relevance of open banking.The Manag…
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Dangote’s Investments In Sugar Production Hits $700m
Babajide Iletogun The management of Dangote Sugar Refinery Plc has said it is committing over $700m …
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Economy Attracted $5.47bn Forex Inflow In One Month—CBN
Ebuka Daniel The Central Bank of Nigeria has put the aggregate foreign exchange inflow into the econ…
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Lagos Free Zone To Get Fresh Investments From France
Ololade Omosan-Agie French Foreign Trade Advisors have expressed readiness to invest massively in th…
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PHOTO NEWS: GOV. SULE, ADEBAYO, ADEDEJI TOUR DANGOTE SUGAR REFINERY
L – R: Nasarawa State Governor, Abdullahi Sule; Chairman, Dangote Group, Alhaji Aliko Dangote;…
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DPR Corrects NEITI, Says Nigeria Has Accurate Record Of Crude Production
Oluwasina Phillip The Department of Petroleum Resources on Friday debunked claims that the exact vol…
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Tackle Power Sector Woes To Make Nigeria’s Economy Competitive, IMF Tells FG
Ebuka OnubaThe International Monetary Fund has said it is important for Nigeria to solve its power p…
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FG Records 200% Increase In Warri-Itakpe Railway Passenger traffic
Ololade Omosan-Agie The Federal Government has announced that it had recorded over 200 per cent inc…
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States IGR Dropped By N20bn To N1.3trn In 2020
Babajide Iletogun The revenue generated by the 36 states of the federation and the FCT amounted to N…
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FAO, AU Unveil Framework to Boost Intra-African Trade
Ebuka Daniel The Food and Agriculture Organisation of the United Nations and the African Union…
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DPR Set To Resolve 43 Oil, Gas Disputes
Ebuka Daniel The Department of Petroleum Resources has said over 43 cases in the Nigerian oil and ga…
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CBN Orders States To Repay N1.5trn Loans Owed FG
Oluwasina Phillip The Central Bank of Nigeria has said that states must repay all loan facility of a…
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It’s Very Difficult To Ascertain How Much Oil Nigeria Is Producing–NEITI
Ebuka Daniel The exact volume of crude oil produced in Nigeria, especially at the deep offshore fiel…
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FG Lifts Ban On Sale Of SIMs
Ebuka Daniel The Federal Government has approved the lifting of its four months long ban on the sale…
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CBN To Restrict Forex For Sugar, Wheat Importaion
Oluwasina Phillip The Central Bank of Nigeria has unveiled plans to include sugar and wheat on the l…
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Nigerians Can Compete Globally With High Speed Internet— Osinbajo
Ololade Omosan-Agie Nigeria’s Vice President, Yemi Osinbajo, has said that improved access to …
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Food prices soar as Nigeria’s inflation rises to 18.17%
Ebuka Daniel Food prices have again pushed Nigeria’s inflation to 18.17 per cent which is one …
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Multiple Taxation, Poor Power Supply Affecting Manufacturing Output—-MAN
Ebuka Daniel The Manufacturers Association of Nigeria, Edo/Delta chapter, has lamented the multiple …
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Coordination Of Monetary, Fiscal Policies Needed To Stop Forex Crisis—-LCCI
Oluwasina Philip The difficulties faced by many investors in Nigeria in accessing foreign exchange f…
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Jaiz Deploys New Code To Enhance Flexible Payment
Ebuka Daniel Jaiz Bank Plc, a non-interest bank, said it has embraced and deployed the newly introdu…
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AMCON Seeks Powers To Recover N5.4trn Debts Through Special Tribunal
Ololade Omosan-Agie The Asset Management Corporation of Nigeria has approached the National As…
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FG To Auction N150bn Bonds This Month—DMO
Babajide Iletogun Federal Government would offer N150bn bonds for subscription in April, the Debt Ma…
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French President Invites BUA Amidst Rift With Dangote
Oluwasina Philip French President, Emmanuel Macron, has invited the Chairman of BUA Group, Abdulsalm…
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Rising Demand Pushes Crude Oil High To $66
Ebuka Daniel The international oil benchmark, Brent crude, rose by five per cent on Wednesday, afte…
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We Didn’t Print N60bn To Augment FAAC Allocation, FG Replies Obaseki
Babajide Iletogun The Federal Government on Wedesday countered an allegation made by the Governor of…
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Nigerians Spent N106.5trn In 2020
Ebuka Daniel Nigerian households spent N106.5trn on consumption expenditure in 2020 amidst Covid-19 …
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Shoprite To Sell Nigerian Business To Persianas Group
Oluwasina Phillip One of Nigeria’s biggest retail store, Shoprite is planning to sell its Nige…
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ITF, Nigerian Air Force Seal Pact To Enhance Productivity
Ololade Omosan-Agie The Industrial Training Fund has signed a tripartite Memorandum of Understanding…
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AfDB President Advocates Policies To Make Nigerian Youth Globally Competitive
Ebuka Daniel The President of the African Development Bank, Dr Akinwumi Adesina has called on the Fe…
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CAC To Bar Non-Remitting Entities from Public Contracts
Oluwasina Phillip The outgoing Chairman, Corporate Affairs Commission (CAC) Governing Board, and Nig…
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NNPC Records 37% Decline In Pipeline Vandalism In January
Ebuka Daniel The Nigeria National Petroleum Corporation has announced a 37.21 per cent decrease in c…
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Rolls-Royce Grosses Highest Sales In 2021
British luxury carmaker, Rolls-Royce, has delivered the highest-ever first quarter sales resul…
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We ‘ve disbursed over N100bn as digital loans—Sterling Bank
Oluwasina Phillip Sterling Bank said it has disbursed over N100bn digital loans and about N5bn digit…
-
NESG Appoints Eight Board Members
Ololade Omosan-Agie Nigerian Economic Summit Group has announced the appointment of eight new member…
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CBN Supports Manufacturing Sector With N803bn
Ebuka Daniel As at the end of February this year, the Central Bank of Nigeria has disbursed about N8…
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Oil Price Rises For Fifth Consecutive Month
Babajide Iletogun The average global crude oil prices have continued to rise for the fifth consecuti…
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Italian Trade Agency, NEPC To Assist Nigerian Entrepreneurs Boost Access To EU Markets
Ololade Omosan-Agie As part of its commitment to boost trade relationships with Nigeria, the Italian…
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Refineries With Expired Licenses Can Apply For Revalidation–DPR
Ebuka Daniel The Department of Petroleum Resources has announced that refineries with invalid licenc…
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We Raised N115bn Bond To Remain Competitive In Cement Business- BUA
Ebuka Daniel BUA Cement has said that among the reasons for raising N115bn Series 1 corporate bond i…
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Adebayo Seeks Establishment Of Nigeria-France Business Council
Oluwasina Phillip The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo on Tuesday …
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SunTrust Bank Provides Cars To 100 Female Drivers For Ride-Hailing Service
Olololade Omosan-Agie SunTrust Bank has gifted 100 Nigerian female drivers Hyundai Sonata vehi…
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BUA Group Lafiagi Sugar Refinery To Be Completed Next Year
Babajide Iletogun The BUA Group yesterday set first quarter of next year target for the completion o…
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New ITF Maitama Multi-billion Naira Building Will Have Positive Impact On Nigeria’s Economy – Adebayo.
Ololade Omosan-Agie The New Multi-billion Naira Building of the Industrial Training Fund projected t…
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Bank of Industry Records N35.5bn Profit In 2020
Oluwasina Phillip The Bank of Industry Group concluded the 2020 financial year with a 78.8 per cent …
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DPR Revokes Licenses Of BUA Petrol-Chemical Refinery, 31 Others
Ebuka Daniel The Department of Petroluem Resources has revoked the licensee of 32 project refineries…
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CBN Still Supporting Businesses, Households With Covid-19 Loan
Ebuka Daniel The Central Bank of Nigeria has said that it is still supporting businesses and househo…
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FAAN sets rule for drivers, passengers at airports
The Federal Airports Authority of Nigeria has said that drivers are prohibited from picking up passe…
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FG Boost MDAs Capacity On Social Protection Programmes
Oluwasina Phillip Federal Government has reiterated its resolve to prioritize social protection acro…
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Farmers Awaiting Commencement Of Our Fertiliser Plant—Dangote
Ebuka Daniel Farmers in Ogun State are eagerly awaiting the commencement of operations of the Dangot…
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PenCom gets ISO certification
Oluwasina Phillip The National Pension Commission has been given the ISO certification which is an i…
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First Capital Market Committee Meeting Of 2021 To Hold On Thursday—SEC
Babajide Iletogun The Securities and Exchange Commission has announced that the first Capital Market…
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