The Commerce Africa

Cooperatives critical to FG’s intervention programmes – Osinbajo

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Ebuka Daniel The Securities and Exchange Commission has stated the need to reduce the level of sub-s…
SEC, SON, Collaborate on Commodities Standards

Ebuka Daniel The Securities and Exchange Commission and the Standards Organisation of Nigeria are se…
National Assembly tackles Amaechi over Nigeria-Niger Republic rail line, others

The Senate and House of Representatives Joint Committees on Land and Marine Transport on Thursday pr…
MTN, Airtel Secure CBN’s Approval To Operate Payment Service Bank

Ebuka Daniel The Central Bank of Nigeria has awarded MTN Nigeria PLC and Airtel Africa PLC the licen…
FG To Stop Funding Of Professional Associations

Ebuka Daniel The Federal Government has constituted two sub-committees to review the Stephen Orasany…
FG orders 10,000 tractors, others from Brazil to boost agric

Oluwasina Phillip The Federal Government is planning to buy 10,000 tractors from Brazil to boost agr…
Removal of fuel subsidy will save Nigeria N2trn, says economic expert

Oluwasina Phillip A non-governmental organisation and knowledge-based institution, Centre for Social…
SEC Urges Sustained Green Investments in Capital Market

Ololade Omosan-Agie The Securities and Exchange Commission has reiterated the need to facilitate the…
Building Collapse: NCRIB Urge Developers To Embrace Insurance

Oluwasina Phillip The Nigerian Council of Registered Insurance Brokers (NCRIB) has condoled victims …
NCC Lists Plans For Telecoms Industry Growth

Ebuka Daniel As stakeholders in Nigeria commemorate 20 years of telecoms revolution in Nigeria, the …
Non-Interest Finance Holds Great Potentials – SEC DG

Oluwasina Phillip The Director General of the Securities and Exchange Commission, Lamido Yuguda has …
DBN Seals Pact With NCIS, Others To Finance Climate-Resilient Projects

Ebuka Daniel The Development Bank of Nigeria, Financial Centre for Sustainability Lagos and Nigeria …
COP26: AfDB pledges Rehabilitation Of Lake Chad Basin

Ebuka Daniels The President, African Development Bank Group, Dr Akinwumi Adesina, has pledged the Ba…
Stock market loses N32.26bn as investors take profits

The equities market of Nigerian Exchange Limited slid by N32.26bn at the end of trading on Monday as…
Nigeria needs $1.5trn in 10 years to bridge infrastructural gap —Buhari

President Muhammadu Buhari has said Nigeria needs a cumulative amount of $1.5 trillion over a ten-ye…
Yuguda Assures Lagos Free Zone of Regulatory support

Ololade Omosan-Agie The Director General of the Securities and Exchange Commission Mr. Lamido Yuguda…
Nigeria’s Economy Set To Get Fresh $9bn Investment—NIPC

Oluwasina Phillip Investment announcements which indicate the interest of investors in the country r…
NNPC Cautions Against Panic Buying

Ebuka Daniel The Nigerian National Petroluem Corporation on Tuesday cautioned Nigerians against enga…
CBN unveils framework to empower 100 companies

The Central Bank of Nigeria has commenced the 100 for 100 Policy on Production and Productivity with…
SEC to Intensify Monitoring and Surveillance of CMOs

Oluwasina Phillip In a bid to curb poor market conduct, the Securities and Exchange Commission has r…
Stakeholders Seek More Investment Wood, Forest Resources In Nigeria

Ebuka Daniel Stakeholders such as the Design & Dwell Associates, Forestry Research Institute (FR…
FG Sets December 31 Deadline For NIM/SIM Linkage, Enrol 66 Million NIN

Ololade Omosan-Agie the Federal Government has extended the deadline for linking the National Identi…
NOTICE OF PAYMENT OF N80,000 TO SURVIVAL FUND BENEFICIARIES A SCAM, NOT FROM US – FG

Oluwasina Phillip The attention of the Steering Committee of the MSMEs Survival Fund and the Guarant…
Auto Industry Attracted N500bn Investments In Two Years–NADDC DG

Ebuka Daniel The National Automotive Design and Development Council (NADDC) has revealed that privat…
FIRS Warns Foreign Firms, Airlines Against Tax Evasion

Ololade Omosan-Agie The Federal Inland Revenue Service has threatened to deal with foreign companies…
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…
Social Media Vital For Economic Development—AfDB President

The President of the African Development Bank, Akinwumi Adesina, has said that Nigerians and other n…
Real Estate used for Money Laundering, IFFs – ICPC Chairman

Oluwasina Phillip The Chairman of the Independent Corrupt Practices and Other Related Offences Commi…
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…
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…
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…
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…
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…
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 …
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…
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…
Senate seeks Improved Funding for ICPC

Ololade Omosan-Agie The Chairman, Senate Committee on Anti-Corruption and Financial Crimes, Senator …
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…
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…
IPMAN Fume over members’ fund trapped in DPR, others

Ebuka Daniel The Independent Petroleum Marketers Association of Nigeria, said it had engaged forensi…
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 …
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…
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…
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…
Buhari Unveils CBN’s eNaira On Monday

Ololade-Omosan-Agie President Muhammadu Buhari will on Monday, October 25 formally unveil the Nigeri…
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 …
NCC Lists Measures To Guard Against Attack Online Banking Apps

Ebuka Daniel The Nigerian Communications Commission on Friday alerted millions of Nigerian telecom c…
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…
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…
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…
NCC Warns Telecoms Consumers Against Flubot Malware

Ololade Omosan-Agie The Nigerian Communications Commission has warned millions of Nigerian telecom c…
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…
Osinbajo Laments DFI’s Poor Funding For Gas Projects

Oluwasina Phillip Vice President Yemi Osinbajo has expressed concern over development finance instit…
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…
NRC suspends operations over bandits’ attack

Ololade-Omosan-Agie The Nigerians Railway Corporation has withdrawn train services from Abuja to Kad…
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…
NDIC plans strategies to speed up failed banks’ resolutions

Ololade Omosan-Agie The Nigeria Deposit Insurance Corporation (NDIC) is evolving strategies to ensur…
CBN Releases Tertiary Institutions Entrepreneurship Guidelines

Oluwasina Phillip The Central Bank of Nigeria on Wednesday released the guidelines for the implement…
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…
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…
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…
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…
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…
CIBN plans Six Legacy Projects across Nigeria, Says President

Ebuka Daniel The President/Chairman of Council, the Chartered Institute of Bankers of Nigeria (CIBN)…
Insurance, Pension Operators Urged To Explore growth opportunities

Oluwasina Phillip Operators in the Nigerian insurance and pension sectors have been urged to leverag…
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…
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, …
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…
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…
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…
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…
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…
NCC Upbeat on Plans for 5G Deployment

Oluwasina Phillip The Nigerian Communications Commission’s (NCC’s) plan for Fifth Generation (5G) te…
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…
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…
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…
Nigeria Launches Eurobond Issuance In United States

Oluwasina Phillip Nigeria today launched its planned Eurobond issue in New York, United States of Am…
IMF Highlights Risks Of Cryptocurrency Adoption To Global Economy

The International Monetary Fund has said the growing adoption of cryptocurrencies pose risks to the …
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…
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…
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…
Kyari Engages PTD, NARTO, FIRS, Others On Road Network Challenges

Ebuka Daniel The Nigerian National Petroleum Corporation (NNPC) has engaged critical stakeholders so…
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…
ECOWAS urges CAC, others to fight against money laundering

The ECOWAS Intergovernmental Action Group against Money Laundry has called on the Corporate Affairs …
PTAD enrolls over 38,358 pensioners through verification exercises

Oluwasina Phillip The Pension Transitional Arrangement Directorate said it has removed about 50,000 …
AfDB To Invest $600m In Digital Enterprises In Nigeria

Ololade Omosan-Agie The African Development Bank said it will support the Federal Government efforts…
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, …
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…
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)…
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…
FG deregulates TELA Maize, allows For Open Cultivation In Nigeria

Oluwasina Phillip The government of Nigeria has granted environmental approval for evaluation and op…
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 …
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 …
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…
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…
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…
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…
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…
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…
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…
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…
Banking, stocks drive gains as investors earn N25bn

The Nigerian Exchange Limited equities market gained N25.29bn in capitalisation at the end of tradin…
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…
AfDB Appoints Amadou As General Consul

Oluwasina Phillip The African Development Bank is pleased to announce the appointment of Dr. Souley …
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…
NAICOM Laments Non Insurance Of Public Buildings

Ebuka Daniel The National Insurance Commission on Wednesday expressed worry that most public buildin…
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…
Buhari To Present 2022 Budget Proposal To NASS Thursday

Ololade Omosan-Agie President, Muhammadu Buhari, will present the 2022 Appropriation Bill before the…
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…
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…
CBN To Tackle Impediments To Wheat Production

Ebuka Daniel The Central Bank of Nigeria (CBN) has reiterated its determination to address the exist…
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…
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…
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…
Nigeria’s Economic Diversification Agenda Achieving Positive Results – Adebayo

Oluwasina Phillip Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo on Thur…
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…
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…
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…
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…
‘Enjoy Nigeria Expo’ Will Boost MSMEs Exports—FG

Ebuka Daniel The Inter-Ministerial Planning Committee on ‘EnjoyNigeria Expo’, a private sector drive…
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…
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…
Twenty-Eight Firms Rise As Stock market gains N10bn

Ololade Omosan-Agie Equity investors on the Nigerian Exchange Limited, formerly Nigerian Stock Excha…
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…
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…
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/…
ICPC arraigns PRODA DG for alleged N23.5 million fraud

Ololade Omosan-Agie The Independent Corrupt Practices and other Related Offences Commission (ICPC) h…
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…
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…
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…
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…
PIA: Buhari writes Senate, seeks amendments for board composition

Oluwasina Phillip President Muhammadu Buhari has asked the Senate to amend certain provisions of the…
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…
Those Calling For Emefiele’s Resignation Unpatriotic–CBN

Oluwasina Phillip The Spokesman of the Central Bank of Nigeria (CBN), Mr. Osita Nwanisobi has faulte…
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…
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…
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…
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…
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…
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…
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…
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…
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…
Eight Million Nigerians Benefitting From Cash Transfer Programme—Buhari

Oluwasina Phillip President Muhammadu Buhari Tuesday in Abuja said ongoing efforts to reduce poverty…
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…
Dangote refinery partners NCDMB on oil sector research, development

Ololade Omosan-Agie Dangote Refinery has announced a partnership with the Nigerian Content Developme…
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 …
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…
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…
[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…
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…
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…
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…
NGX Group Posts N1.84bn Tax

Ebuka Daniel The assets of the Nigerian Exchange Group Plc, formerly called the Nigerian Stock Excha…
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…
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,…
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…
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…
Lack of manpower hampering MDAs’ audit, says AuGF

The Auditor General for the Federation Aghughu Adolphus, has said that his office lacked sufficient …
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…
N1.3bn Debt: FCDA Threatens To Shut Glo Offices

Oluwasina Phillip The Federal Capital Development Authority (FCDA), in Nigeria’s capital city Abuja,…
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…
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…
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…
Safety Of Nigerians, Not Economy Is Our Priority– Pantami

Ebuka Daniel Isa Pantami, Nigeria’s Minister of Communications and Digital Economy, has said t…
DPR Hails Kyari For Transforming NNPC

Oluwasina Phillip The Director/Chief Executive Officer of the Department of Petroleum Resources, Sar…
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…
Dubai Eases Travel Restriction On Nigeria, Others

Ebuka Daniel The UAE Government and Dubai Tourism have eased travel restrictions for travellers from…
Economic Development: NESG Task States on Investment, Enabling Environment

Lolade Omosan-Agie The Chief Executive Officer, Nigerian Economic Summit Group, Mr. Laoye Jaiyeola h…
IPMAN enlists PENCOM insurance scheme for 2.5 million members, workers

Oluwasina Phillip The Independent Petroleum Marketers Association of Nigeria (IPMAN) has concluded p…
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…
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…
Criminals Now Receive Ransom In Bitcoin, Says EFCC Boss

The Economic and Financial Crimes Commission has alleged that criminals now prefer to receive illega…
FG moves to Boost Trade Relations With Gulf Countries

Oluwasina Phillip The Ministry of Industry, Trade and Investment has signed a Memorandum of Understa…
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 …
NIMASA Begins Full Enforcement Of Marine Environment Protection Regulations

Ololade Omosan-Agie The Nigerian Maritime Administration and Safety Agency (NIMASA) has announced th…
AFREXIMBANK Invests In African Telecommunications Firm

Oluwasina Phillip The African Export-Import Bank (Afreximbank) has announced a minority investment b…
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…
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 …
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…
NIRSAL Facilitates Over N128bn For Agribusiness

Oluwasina Philip The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending Plc has se…
NNPC To Float Shares On Capital Market By 2024- Kyari

Ololade Omosan-Agie The Group Managing Director of the Nigerian National Petroleum Corporation, Mele…
Ministry Inaugurates Technical Committee On Petroleum Act

Ebuka Daniel Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo on Monday inaugurate…
OPEC+ raises forecast for oil demands next year

The Organisation of the Petroleum Exporting Countries and allies, including Russia, collectively kno…
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…
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…
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…
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…
Understanding the Purpose and Implementation of Escrow Account

Bolaji Owasanoye and Yu Yongding “Escrow Accounts, managed by Regional Development Banks, should be …
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…
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…
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…
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…
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…
FG to prosecute those that misappropriated NDDC funds

Ebuka Daniel The federal government on Thursday promised to apply the law to remedy the deficiencies…
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 …
Afreximbank boosts financial performance in first half of 2021

Ololade Omosan-Agie The African Export-Import Bank (Afreximbank) has released its audited financial …
DISCOS Remit N26.81bn to NBET in June

Oluwasina Phillip The Nigerian Bulk Electricity Trading Plc has revealed that Market Receipts remitt…
How Price Differentials Is Fueling Petrol Smuggling- NNPC

Oluwasina Phillip The Nigerian National Petroleum Corporation (NNPC) has explained that concerted ef…
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…
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…
CBN names Nwanisobi, 7 Others Departmental Directors

Ololade Omosan-Agie The Management of the Central Bank of Nigeria (CBN) has confirmed the appointmen…
NAICOM Begins Digital Processes For Insurance Companies Registration, Others

Ebuka Daniel The National Insurance Commission has announced that with effect from September 1st, al…
NEPZA, NIPC To Deliver Three Special Economic Zones Next Year

Oluwasina Phillip The Managing Director of the Nigerian Export Processing Zone Authority, Adesoji Ad…
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…
Buhari Fires Agric, Power Ministers

Ebuka Daniel President Muhammadu Buhari has approved a reshuffle in the cabinet formed on August 21,…
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…
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…
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…
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…
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…
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 …
Education, Defence, 3 Others Gulped Highest Chunk Of FG Expenditure—BudgIT

Ololade Omsan-Agie BudgIT, a transparency and accountability organization, on Monday disclosed that …
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…
Nigeria’s Economy Getting Stronger, Says Minister

Oluwasina Phillip Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo on Tuesday decl…
CBN Selects Technical Partner For Digital Currency Project

Ebuka Daniel The Central Bank of Nigeria (CBN) has announced the formal engagement of the globalFint…
PenCom Begins Online Enrolment Of Retirees September 1

Ololade Omosan-Agie The National Pension Commission has said that the annual pre-retirement verifica…
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…
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…
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…
NAFDAC Threatens To Arrest Producers Of Illegal Herbal Medicine

Ololade Omosan-Agie The National Agency for Food, Drugs Administration and Control (NAFDAC) has disc…
Adebayo Assures Investors Of Govt Support

Ololade Omosan-Agie Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo has assured i…
New IMF allocation’ll boost Nigeria, others’ reserves – AfDB

The President of the African Development Bank, Akinwumi Adesina, has said the International Monetary…
Electricity Tarrif To Rise By N2 Per Kilowatt From September 1

Oluwasina Phillip The Nigerian Electricity Regulatory Commission (NERC) has directed the 11 Electric…
Ahmed, Trade Ministry Deputy Director Becomes NIM Fellow

Ebuka Daniel The Deputy Director, Commodities and Export Department in the Ministry of Industry, Tra…
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…
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…
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…
ICPC to tackle Corruption in Electricity Sector, says Chairman

Oluwasina Phillip The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has…
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…
Stakeholders Seek Council For Promotion Of Shea Industry

Ebuka Daniel The National Shea Products Association of Nigeria (NASPAN) which is the umbrella body o…
BUHARI ANNOUNCES N287bn PROFIT AFTER TAX BY THE NNPC

Oluwasina Phillip In fulfillment of an earlier pledge by the Federal Government to publicly announce…
Buhari Appoints Harry To Replace Kale As Statistician General

Ololade Omosan-Agie President Buhari has approved the appointment of Dr. Simon Harry as Statistician…
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…
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)…
FG Raises TraderMoni Loan Portfolio by 400%

Ebuka Daniel The federal government has jacked up the loan portfolio of TraderMoni to N50,000 repres…
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…
Disco laments, electricity theft, rising debt

Oluwasina Phillip Ibadan Electricity Distribution Company Plc has said it is owed over N8.5bn by mi…
Why Its Difficult To Stop Petrol Smuggling—NNPC

Ebuka Daniel The Nigerian National Petroleum Corporation has confirmed the claim by the Nigeria Cust…
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…
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…
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 …
NNPC GMD Kyari Clarifies 2022-2024 Revenue Framework

Oluwasina Phillip The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC),…
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…
AfDB provides $7.3m for youth jobs and skills

Oluwasina Phillip An African Development Bank technical review committee has approved eight project …
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,…
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…
FG Spends Over N400bn Yearly On National Social Investment Programmes

Oluwasina Phillip Vice President, Professor Yemi Osinbajo, on Tuesday, assured Nigerians of the pres…
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…
NBS Boss Seeks Better Funding For Statistical Output

Ololade Omosan-Agie The Statistician General of the National Bureau of Statistics, Yemi Kale on Tues…
Nigeria entitled to $3.35bn in new IMF rights allocation

Ebuka Daniel The Managing Director of the International Monetary Fund, Ms Kristalina Georgieva, has …
Oil price jumps to $68 after days of losses

Oluwasina Phillip The international oil benchmark, Brent crude, jumped on Tuesday, snapping a seven-…
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…
Administration Of AstraZeneca Vaccines Begins On Wednesday–FG

Ololade Omosan-Agie The federal government has disclosed plans to begin the administration of AstraZ…
PIA Boost Development For Oil Producing Communities–Kyari

Oluwasina Phillip The Group Managing Director of the Nigerian National Petroleum Corporation, Mele K…
Fintechs can transform capital market, says NGX

Oluwasina Phillip The Chief Executive Officer of the Nigerian Exchange Limited, Mr Temi Popoola, has…
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…
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…
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…
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…
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…
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…
FAAC Allocates N760.7bn To FG, States,LGs

Ololade Omosan-Agie The Federation Accounts Allocation Committee (FAAC) has shared a total of N760.7…
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…
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…
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…
Kyari Orders NNPC Greenfield Refinery Order To Cut Losses

Ebuka Daniel The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mall…
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…
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…
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…
FG Inaugurates Soil Science Governing Council To Boost Food Production

Ebuka Daniel The federal government has inaugurated the reconstituted Governing Council of the…
SEC Harps on Resilient Capital Market

Ebuka Daniel The Securities and Exchange Commission has expressed the need for the capital market to…
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…
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…
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…
FEC approves N21bn for education, other projects

Ebuka Daniel The Federal Executive Council on Wednesday approved N21,107,212,510, for various projec…
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 …
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 $…
NEPZA Backs Partnership To Develop University Of Abuja

Ololade Omosan-Agie The Nigeria Export Processing Zones Authority (NEPZA) has expressed its readines…
CBN Releases Framework To Combat Cyber Crimes

Ololade Omosan-Agie The Central Bank of Nigeria has commenced move to strengthen cyber resilience of…
ICPC docks University of Calabar Don over N20.6m Fraud

Ololade Omosan-Agie The Independent Corrupt Practices and Other Related Offences Commission (ICPC) h…
Buhari Appoints Steering Committee For Petroleem Industry Act Implementation

Oluwasina Phillip President Muhammadu Buhari on Wednesday appointed a steering committee to oversee …
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…
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…
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…
NNPC Commits to Supporting NLNG

Oluwasina Phillip The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC)…
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…
Govt Will Reduce Shock Of Fuel Subsidy Removal On Nigerians

Oluwasina Phillip The Group Group Managing Director of the Nigerian National Petroleum Corporation, …
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…
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…
Concession: Kano Businessmen To Bid For Aminu Kano Airport

Oluwasina Phillip The Deputy President, Kano Chamber of Commerce, Industry, Mines and Agriculture (K…
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…
Buhari Signs Petroleum Industry Bill Into Law

Ebuka Daniel President Muhammadu Buhari has signed the Petroleum Industry Bill into law. The Preside…
I don’t want to be President of Nigeria– Sanusi

Oluwasina Phillip Former Emir of Kano and immediate past Governor of the Central Bank …
FG, States Must Collaborate To Tackle Unemployment—Osinbajo

Oluwasina Phillip The Vice-President, Federal Republic of Nigeria, Professor Yemi Osinbajo, has call…
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…
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…
Nigeria’s Economy On Right Track

Oluwasina Phillip The Central Bank of Nigeria on Friday expressed optimism that with its recent poli…
Contract For Rehabilitation Of National Theatre To Be Awarded Next Month

Ololade Omosan-Agie The Bankers’ Committee has announced that contracts for the rehabilitation…
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…
FG Begins Implementation Of National Vehicle Registry Policy

Ebuka Daniel The Federal Government on Thursday said that the implementation of the National Vehicle…
FG Won’t Pay Striking Doctors, Minister Insists

Oluwasina Phillip The Minister of Health, Osagie Ehanire has insisted that the government will not p…
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…
SEC Warns Nigerians Against Ponzi Schemes

Ebuka Daniel The Securities and Exchange Commission on Friday warned Nigerians against investing in …
SEC to Collaborate with RIMAN to Deepen Capital Market

Ebuka Daniel The Securities and Exchange Commission has expressed its readiness to collaborate with …
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…
Cholera Killing More Nigerians Than COVID-19–NCDC Boss Oluwasina Phillip The Director-General …
Increase extractive sectors’ investments, Buhari charges NEITI board

Ebuka Daniel President, Muhammadu Buhari has urged the newly inaugurated board of the Nigeria Extrac…
Nissan boss tasks Nigeria, others on auto industry

Oluwasina Phillip Managing Director, Nissan’s Africa regional business unit, Mike Whitfield, has urg…
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…
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…
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 …
DMO Lists N150bn FG Bonds For Subscription

Ololade Omosan-Agie The Debt Management Office (DMO), has announced the auctioning of three tranches…
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…
NSCDC to handover Corruption Cases to ICPC – CG Audi

Oluwasina Phillip The Commandant-General of Nigeria Security and Civil Defence Corps (NSCDC), Dr. Ah…
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…
FG REAFFIRMS SUPPORT FOR PEOPLE LIVING WITH DISABILITIES.

Oluwasina Phillip The Minister of State for Industry, Trade and Investment, Amb. Mariam Yalwaji Kata…
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…
FG Wants Stiffer Sanctions For Quack Engineers

Ebuka Daniel The Federal Government has called for stiffer sanctions against unprofessional and unet…
UNICEF Laments Poor Child Registration Rate In Nigeria

Ololade Omosan-Agie The United Nations Children Fund, has decried the poor rate of birth registratio…
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 …
NiMet to acquire N1bn equipment for marine sector forecast

Ololade Omosan-Agie The Nigerian Meteorological Agency has announced that it would be deploying N1bn…
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…
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…
NEPZA To revive Koko Port FTZ

Ebuka Daniel The Nigeria Export Processing Zones Authority has disclosed that discussions were ongoi…
SEC To Review Capital Market Performance Thursday Ebuka Daniel The Securities and Exchange Commissio…
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…
Debt servicing consuming Nigeria’s revenues, says LCCI

Oluwasina Phillip The Lagos Chamber of Commerce and Industry has advised the Federal and State Gover…
ICPC recovered N120m for Adamawa – Governor Fintiri

Ebuka Daniel Adamawa State Governor, Rt. Hon. Ahmadu Umaru Fintiri, has disclosed that the Independe…
Lagos-Kano Train Services Resume August 13

The Regional District Manager, Northern District of the Nigerian Railway Corporation, Ismail Adebiyi…
NNPC Records ₦43.57bn Trading Surplus In April

Ebuka Daniel The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦…
SERAP Urges Buhari To Probe N881bn MDAs Spending Without Appropriation

Ebuka Daniel Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu …
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…
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…
Nigeria’s Foreign Reserves Gains $109.7m

Oluwasina Phillip Nigeria’s foreign reserves swelled by $109.7m in the first three days of Aug…
Strike: Doctors Slam FG Over Poor Equipment At Hospitals

Oliwasina Phillip The National Association of Resident Doctors has slammed the federal government fo…
We Will Change Poor Perception About NSITF- Akabogu

Ololade Omosan-Agie The Managing Director and Chief Executive Officer of the Nigeria Social Insuranc…
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…
Experts Urge FG to Address Infrastructural Challenges in FTZs

Ebuka DanielIndustry experts and stakeholder have urged the federal government to address the challe…
SON Takes Fight Against Substandard Products To States, Arrests 10

Oluwasina Phillip The Standards Organization of Nigeria, SON, has signed a Memorandum of Understandi…
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…
FEC Approves $1.484b For Warri, Kaduna Refineries Repairs

Oluwasina Phillip The rehabilitation of the Warri and Kaduna refineries, acquisition of 20 per cent …
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…
African Union Rollout 400 Million Vaccine To Tackle Covid-19

Oluwasina Phillip President Cyril Ramaphosa, of the Republic of South Africa and African Union…
FG Appoints Transaction Advisers For N2.3trn Eurobond

Ololade Omosan-Agie The Federal Government has appointed Transaction Advisers for its Eurobond issua…
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…
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…
Again, Emirates Removes Nigeria From Travel List

Ololade Omosan-Agie Emirates Airline has reversed its decision by excluding Nigeria from eligible co…
CAC Warns Against Forging Documents For Company Registration

Ebuka Daniel The Registrar General/Chief Executive Officer of the Corporate Affairs Commission, Alha…
FG Plans Blueprint To Reposition Free Trade Zones

Oluwasina Phillip The Federal Government has called on stakeholders in the private sector to invest …
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, …
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 …
FG to unveil NIPOST unbundling policies

The Minister of Communications and Digital Economy, Dr. Isa Pantami, said the Federal Government wou…
Strike: FG Opens Negotiations With Resident Doctors

Oluwasina Phillip The Federal Government through the Ministry of Health, has began engagements with …
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…
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…
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 …
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 …
AGUSTO ASSIGNS STABLE RATING OUTLOOK FOR DBN

Oluwasina Phillip The foremost credit rating agency, Agusto & Co. (“Agusto”) assigns an “Aaa” ra…
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…
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…
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…
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…
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 …
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…
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…
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…
Dangote Sugar To Pay N18.2bn Dividend To Shareholders

Oluwasina Phillip Dangote Sugar Plc, a subsidiary of Dangote Industries has declared revenue of N131…
SON seeks partnership with states to empower MSMEs

Ebuka Daniel The Standards Organisation of Nigeria has announced plans to partner with states govern…
Minister urges MSMEs to explore AfCFTA opportunities

Ololade Omosan-Agie The Minister of Industry, Trade and Investment, Mr. Adeniyi Adebayo has called f…
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…
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…
FG To Deepen ICT Services In Trade, Revenue Collection

Ebuka Daniel Webb Fontaine Nigeria Limited on Thursday handed over an Information Communication and …
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 …
NNPC Will Deliver AKK Gas Pipeline Project On Schedule–Kyari

Ebuka Daniel The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mall…
DMBs assure customers of sufficient forex

Ololade Omosan-Agie Bank executives have assured that Nigerian deposit money banks have the capacity…
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 …
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…
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…
Pension Fund Hits N12.66trn, Says PenCom

The National Pension Commision (PenCom), on Monday disclosed that pension fund assets had risen to N…
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…
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…
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…
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…
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…
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…
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…
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…
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)…
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…
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…
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…
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…
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…
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 …
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…
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…
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…
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…
Mixed Reactions Trail Rumsfeld’s death

Donald Rumsfeld, the former U.S. defense secretary who was the main architect of the Iraq war,…
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…
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…
NAWE tasks FG on empowerment of women entrepreneurs

Ebuka Daniel The newly inaugurated President of The Nigerian Association of Women Entrepreneurs, Chi…
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…
Cowrywise Gets SEC Approval To Operate As Portfolio Manager

Ololade Omosan-Agie Nigeria’s fintech business, Cowrywise has secured the approval of the Secu…
Workers Mobilise For Mass Protest In Nasarawa State

Oluwasina Phillip The organised labour, comprising Nigeria Labour Congress and Trade Union Congress,…
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…
Ghana Commissions First Toyota Plant In West Africa

Olololade Omosan-Agie President Nana Akufo-Addo has commissioned a Toyota assembly plant in Ghana. T…
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…
Why NNPC Is Investing In Dangote Refinery—Kyari

Ebuka Daniel The Group Managing Director of the Nigerian National Petroleum Corporation, Mr. Mele Ky…
FG Fumes At Dubai’s Travel Policy

Ebuka Daniel The Federal Government has said that flights resumption to the United Arab Emirates are…
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…
Cowrywise Gets SEC Approval To Operate As Portfolio Manager

Ebuka Daniel Nigeria’s fintech business, Cowrywise has secured the approval of the Securities …
How Nigeria Can Boost Food Production— AATF

Oluwasina Phillip The African Agricultural Technology Foundation (AATF), has stressed on the need fo…
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…
RMAFC kickstarts review of new revenue allocation formular

Victoria Onu, Abuja The Revenue Mobilization Allocation and Fiscal Commission has concluded arrangem…
FG Warns Govt Official Against Poor Contract Agreement

Ololade Omosan-Agie The Vice President of Nigeria, Prof. Yemi Osinbajo has said that any government …
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…
NIRSAL MD Wins Award For Agric Innovation

Ebuka Daniel United Kingdom based Chief Executive Officer ranking magazine, has named Aliyu Abdulham…
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…
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…
No gas leak in our Lagos facility, says Rainoil

Oluwasina Phillip Rainoil Limited has assured the public of safety around the Ijegun-Egba community …
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.…
USTDA, InfraCredit to develop infrastructure in Nigeria

The United States Trade and Development Agency has signed a Memorandum of Understanding to partner w…
AfDB Plans 10,000MW Solar Power For Africa

Oluwasina Phillip The President of the African Development Bank Group, Dr Akinwumi Adesina, said the…
Inflation, Forex Scarcity Impacting Negatively On Businesses—LCCI

Ebuka Daniel Inflationary pressures and foreign exchange scarcity has significantly impacted the ope…
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…
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…
NPHCDA Says No Death Recorded In Nigeria From COVID-19 Vaccine

Ololade Omosan-Agie The Executive Director, National Primary Health Care Development Agency, Faisal …
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 …
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 …
Farmers urge FG to provide infrastructure for mushroom producers

Ebuka Daniel The National Mushroom Growers, Processors and Marketers Association of Nigeria has call…
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…
Nigeria To Generate Jobs, Create Wealth Through EnjoyNigeria Expo 2021 – FMITI

Oluwasina Phillip The Federal Government has expressed optimism that the forthcoming EnjoyNigeria Ex…
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…
Digital Platforms Will Aid Financial Inclusion – SEC

Oluwasina Phillip The Securities and Exchange Commission has stated that it recognizes the importanc…
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…
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…
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…
Prioritize Assets Recovery At Regional, Global Levels, Owasanoye Counsels African Govts

Oluwasina Phillip The Chairman of Independent Corrupt Practices and Other Related Offences Commissio…
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…
NAFDAC Plans Strict Regulation For Chemical Production.

Ebuka Daniel The National Agency for Food and Drug Administration and Control (NAFDAC) has showed re…
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…
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…
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…
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…
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…
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…
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 …
NATIONAL WINNERS EMERGE AT 8th ARSO ESSAY COMPETITION

Oluwasina Phillip National winners have emerged in the 2021 edition of the African Organisation for …
Politicians Sponsoring Illegal Mining In Zamfara- State Govt

Ololade Omosan-Agie The Zamfara State Government has accused unpatriotic elites and politicians from…
Dubai Expo: We Are Targeting $23bn For Nigerian Businesses—FG

Oluwasina Phillip The participation of Nigerian businesses at the forthcoming Dubai Expo could fetch…
Dangote’s Urea Fertilizer Plant to Generate $400m Export

Dangote Urea Fertilizer Plant has the capacity to meet local and foreign demands for fertilizer…
Indonesian Health Workers Contract COVID-19

More than 350 doctors and medical workers have caught COVID-19 in Indonesia despite being vaccinated…
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…
Labour Strike: Nasarawa Govt Says ‘No Work, No Pay’

Ololade Omosan-Agie The Nasarawa State government, following the organise labour strike in the state…
EFCC Nabs Three For Alleged Currency Counterfeiting

Ebuka Daniel The Economic and Financial Crimes Commission (EFCC) on Wednesday, announced the arrest …
Push For Amendment Of Your Act, NASS Tells NEPZA

Oluwasina Phillip The Senate Committee on Trade, Industry and Investment has urged the Nigeria Expor…
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…
Patronise Made In Nigeria Products, FG Tells Nigerians

Ololade Omosan-Agie The Federal Government has called on Nigerians to always patronize made in Niger…
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…
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…
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…
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 …
Buhari directs timely delivery of NLNG Train 7 project

Ebuka Onu President Muhammadu Buhari has charged stakeholders in the Bonny Nigeria Liquefied Natural…
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…
AfDB Appoints Dunford As Vice President

Ebuka Daniel The African Development Bank Group has announced the appointment of Dr. Beth Dunford as…
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…
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…
Internet Subscribers Declined By 9 Million

Oluwasina Phillip Internet users in Nigeria declined by nine million subscribers to 144 million in t…
Donate Blood Voluntarily, WHO Tells Youths

Ololade Omosan-Agie The World Health Organisation on Monday said that youths of all climes must embr…
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 …
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…
ICPC Seeks Standardised Template For ACAs

Oluwasina Phillip The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has…
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…
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…
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…
Congo president says Kinshasa hospitals ‘overwhelmed’ by coronavirus

Hospitals in Democratic Republic of Congo’s capital Kinshasa are “overwhelmed” by …
Four Factors Behind the Metals Price Rally

As economies reopen in various parts of the world, the price of some commodities has soared, includi…
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…
NCC To Introduce Higher Charges For International Voice Calls

Oluwasina Phillip The Nigerian Communications Commission will adjust the International Termination R…
FIRS Does Not Grant Tax Waivers To Investors, Says Nami

Ebuka Daniel The Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami, has discl…
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…
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…
CBN to Introduce Digital Currency Before December

Oluwasina Phillip The Central Bank of Nigeria on Thursday announced its plans to launch its Digital …
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…
Why We Are Building Railway To Niger–Buhari

President Muhammadu Buhari on Thursday explained that he has approved rail lines linking Nigeria to …
FG Unveils Programmes For Nigeria @ 60 Celebration

Ololade Omosan-Agie The Federal Government has rolled out series of programmes that would be used to…
Why We Cant Remove Fuel Subsidy Now—Buhari

Oluwasina Phillip President Muhammadu Buhari has said that it is difficult to remove fuel subsidy wi…
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…
Nigeria Public Debt Hits N33trn–DMO

Ebuka Daniel The Debt Management Office has released Nigeria’s Public Debt Stock as at March 31, 202…
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…
DBN Commits To Environmental Sustainability

Ebuka Daniel The Development Bank of Nigeria (DBN) has reiterated its commitment to sustainability w…
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…
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…
Finally, NIS Re-opens Passport Application, Payment Portal

Ololade Omosan-Agie The Nigeria Immigration Service has re-opened its passport application portal fo…
Risk Based Supervision For Insurance Sector Begins In August—NAICOM

Ebuka Daniel The National Insurance Commission has announced that Risk Based Supervision policy will…
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 …
Set Up Mechanism To Sanction Members, ICAN Told

Oluwasina Phillip The Institute of Chartered Accountants of Nigeria (ICAN), has been asked to s…
NESG Faults Twitter Ban

Ololade Omosan-Agie The Nigerian Economic Summit Group has said that the ban on US based microbloggi…
Afreximbank Supports ARSO in the Harmonisation of African Automotive Standards

Oluwasina Phillip The African Export-Import Bank (Afreximbank) is supporting the African Organisati…
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…
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…
Green Africa Set For Operation As Third Aircraft Arrives

Ololade Omosan-Agie Nigeria’s newest airline, Green Africa, has received its third aircraft ah…
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…
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…
FG Assures UK Businesses Of Support

The Federal Government has assured United Kingdom companies operating in Nigeria of its support in e…
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…
FG Approves N14.8bn Insurance Cover For Workers

Ololade Omosan-Agie The Federal Executive Council presided over by the President, Muhammadu Buhari h…
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…
ITFC Partners with UNIDO to support Egypt’s cotton sector

The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank…
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…
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…
FG Rehabilitates Grazing Reserves

Ololade Omosan-Agie The Federal Government has said it has begun the rehabilitation of grazing reser…
Senate Considers Buhari’s N2.34trn loan request

Oluwasina Phillip The Senate on Tuesday considered President Muhammadu Buhari’s request for another …
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…
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…
Stock Market Opens Week Bullish As Investors Gained N95bn

Oluwasina Phillip Equities trading at the Nigerian Exchange Limited (NGX), on Monday, was bullish as…
Over 56 million Nigerians Registered For NIN—NIMC

Ololade Omosan-Agie The National Identity Management Commission has said that 56 million Nigerians h…
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…
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…
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…
AMCON charges Asset Managers on speedy recovery of N5trn debt

Oluwasina Phillip The Asset Management Corporation of Nigeria has directed it’s Asset Manageme…
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…
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…
Farmers Fault FG’s Agric Policies

Oluwasina Phillip The All Farmers Association of Nigeria has accused the leadership of the Federal M…
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…
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…
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…
Afreximbank Records Strong Growth in Q1, Records $87.3m Income

Ololade Omosan-Agie African Export-Import Bank (Afreximbank) today, in Cairo, released its unaudited…
PTAD begins consequential pension increment payment

The Pension Transitional Arrangement Directorate on Wednesday said it has commenced the payment of t…
Electricity Customers Paying 78% Tariffs –NERC

Oluwasina Phillip The Nigerian Electricity Regulatory Commission said on Wednesday that power users …
AfDB approves new water policy

The Board of Directors of the African Development Bank Group has approved a new policy on water, pri…
Telcos consume $2.6bn forex annually –NCC

The Nigerian Communications Commission has said that the annual outflow of foreign exchange for the …
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…
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…
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…
FG Evaluates Nigerian-Made Helicopter

Oluwashina Phillip The Federal Ministry of Aviation on Tuesday commenced assessment of a made-in-Nig…
SEC may sack workers over revenue shortfall

Ololade Omosan-Agie The Securities and Exchange Commission has said it is considering reducing its w…
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…
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…
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…

Oluwasina Phillip The Nigerian Bulk Electricity Trading (NBET), said it paid over N42,486,673,723…

The Federal Government says it is set to amend its relevant statutes and code to enforce the operati…

The Federal Government, through the Nigerian Institute of Leather and Science Technology, has t…

Ololade Omosan-Agie In a bid to get the six Inland Container Depots located in each of the six geo-p…

Ebuka Daniel The Federal Government plans to launch a second satellite to boost the country’s satell…

The Senate, on Tuesday, passed the Nigerian College of Aviation Technology (Amendment) Bill, 2022. T…

Ebuka Daniel The Minister of Mines and Steel Development, Olamilekan Adegbite, has said Nigeria has …

The Manufacturers Association of Nigeria has raised concerns as the cost of shipping rose further to…

National Office for Technology Acquisition and Promotion has saved N79.63 billion in four years for …

The Auditor-General for the Federation has indicted the Nigeria Port Authority (NPA) for failure to …