The Commerce Africa African Reneissance

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…

LCCI Faults GDP Growth For Manufacturing, Agric Sectors

Ebuka Daniel The Lagos Chamber of Commerce and Industry has faulted the report published by the Nati…

How Nigerian Investors Can Hedge Against Currency Fluctuations

Oloade Omosan-Agie Nigerian investors are losing a lot to the devaluation of the naira, but they mus…

FG Reviews Industrial Revolution Plan To Reflect Economic Realities

Oluwasina Phillip Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo on Monday discl…

FG moves to recover N17bn mineral export unpaid royalties

Ebuka Daniel The Federal Government has expressed willingness to recover over N17bn unpaid royalties…

FAAC Allocates N616.88bn To Three Tiers Of Govt

Ebuka Daniel The Federation Accounts Allocation Committee has shared a total of N616.88bn to the thr…

NCC Asks Nigerians To Submit Phone IMEIs In Three Months

Nigerians will be required to submit their International Mobile Equipment Identity beginning from Ju…

Aviation Minister Warns Nigerians Against Abusing Leaders

Ololade Omosan-Agie The Minister of Aviation, Hadi Sarika, has said that raining curses on political…

FG Unveils New Regulations For Local Content

Oluwasina Phillip The Federal Government on Friday rolled new sets of approved ministerial regulatio…

FG Ignores Governors’ Forum On Fuel Price, Says No Increase In June

Ebuka Daniel The Minister of State for Petroleum Resources, Timipre Sylva has said that the federal …

NNPC Spokesman, Obateru, Bags NIPR Fellowship Award

The Group General Manager, Group Public Affairs Division of the Nigerian National Petroleum Corporat…

NAICOM, Transport Ministry To Provide Insurance For Road Transport Owners

Ebuka Daniel The National Insurance Commission, (NAICOM) and the Federal Ministry of Transportation …

Foreign countries should return looted funds with interest – ICPC Chairman

Oluwasina Phillip The Chairman of the Independent Corrupt Practices and Other Related Offences Commi…

Why We Are Borrowing For Infrastructure Project– Lagos Govt

Ololade Omosan-Agie The Lagos State Government has said that most of its ongoing projects are funded…

No Power Supply, No Meeting, El-Rufai Replies FG

Ebuka Daniel The Governor of Kaduna State, Nasir El-Rufai, has said that no official of his administ…

ITF Equips 11,100 Youths With Skills Acquisition

Oluwasina Phillip The Federal Government has identified unemployment and poverty as triggers respons…

BUA Expand University Of Maiduguri’s Entrepreneurship Centre

Ebuka Daniel BUA Group has released a N1bn grant to fund the University of Maiduguri Entrepreneurshi…

Afreximbank Begins Construction of Africa Quality Assurance Centre in Nigeria

Oluwasina Phillip The African Export-Import Bank (Afreximbank) has announced the commencement of con…

Kaduna Protest: FG To Meet El-Rufai, NLC Tomorrow

Ebuka Daniel The Federal Government has weighed in on the current disagreement between the Kaduna St…

Mushroom Growers Association Appoints Iletogun Media Consultant

Ebuka Daniel The Chairman of Toastmasters Communications Ltd, Mr Babajide Iletogun has been appointe…

NEPZA Boss Calm Staff’s Agitations Over Plot To Undermine Authority’s Status

Ololade Omosan-Agie NEPZA boss rises to calm Staff’s brewing agitations over alleged attempt to unde…

Buhari Not Asking For Fresh $6.18bn Loan—DMO

Ebuka Daniel The Debt Management Office has said that the request by President Muhammadu Buhari for …

AfDB Signs Grant Agreement For $31m To Tackle Malnutrition

Oluwasina Phillip The African Development Bank and the Government of Ethiopia have signed an agreeme…

CBN Disbursement Of Fund Not Skewed To Favour North—Emefiele

Ebuka Daniel The Governor of the Central Bank of Nigeria Mr Godwin Emefiele on Tuesday defended the …

Illicit Financial Flows Affecting Revenue Mobilisation–FG

Oluwasina Phillip The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Tuesda…

Afreximbank Completes $1.3bn Bond Issuance Transaction

Oluwasina Phillip The African Export-Import Bank (Afreximbank) has successfully closed a $1.3bn…

We Will Improve Welfare Of Nigerians Through Private Sector Support- FG

Ebuka Daniel President Muhammadu Buhari has said that he is willing to cooperate with the private se…

NAICOM Activates IFRS Machinery Insurance Contracts

The National Insurance Commission (NAICOM) has activated its machinery as part of efforts towards th…

Banks, Telecoms, Get 14 Days Ultimatum To Stop GSM Boosters

Ololade Omosan-Agie The Nigerian Communications Commission has said that the sale and  usage of mobi…

2021 Budget: Buhari Seeks Senate’s Approval For $6bn Loan

Ololade Omosan-Agie President Muhammadu Buhari on Tuesday forwarded a request to the Senate requesti…

El-Rufai Hired Thugs To Disrupt Workers Protests—NLC President

Ebuka Daniel The President of the Nigeria Labour Congress, Ayuba Wabba on Tuesday accused the Kaduna…

Association Of African Development Finance Institutions Tasks Countries On Economic Recovery

Oluwasina Phillip The Association of African Development Finance Institutions on Monday task African…

AfDB, EBRD Partner To Unlock Investment In Africa

Ololade Omosan-Agie The African Development Bank Group and the European Bank for Reconstruction and …

NLC’s Agitations Can’t Stop Us From Sacking Workers–El-Rufai

Ololode Omosan-Agie The Governor of Kaduna State, Nasir El-Rufai has said that the conditions that c…

We Have Delivered Our Gas Supply Promise At Egbin Power Plant—-Kyari

Oluwasina Phillip The Group Managing Director of the Nigerian National Petroleum Corporation, Mele K…

Inflation Rate Drops To 18.12% After 19 Consecutive Months Of Increase

Ebuka Daniel Nigeria’s inflation has unexpectedly dropped to 18.12 per cent twenty consecutive month…

Only 1,648, Not 7,770 Workers Were Sacked— Kaduna Government

Ebuka Daniel The Kaduna State Government has debunked claims by the Nigerian Labour Congress that it…

NLC Shutdown Kaduna State Over Sacking Of 4,000 Workers

Ololade Omosan-Agie The Nigerian Labour Congress has insisted that there is no going back on its cam…

Nigeria’s Forex Reserves Drops To Lowest Level At $34.57bn

Oluwasina Phillip Nigeria’s external reserves have plunged to its lowest level since Apri…

FIRS laments non remittance of tax by MDAs

Ebuka Daniel The Executive Chairman of the Federal Inland Revenue Service, Muhammed Nami, has expres…

AfDB urges enablers to apply for funding to support women entrepreneurs

Babajide Iletogun This Month, the African Development Bank Group is launching a call for proposals f…

NIMET Warns Of Three Days Of Thunderstorms Across Nigeria

Ololade Omosan-Agie The Nigerian Meteorological Agency (NiMet) has predicted thunderstorms and cloud…

TCN Restores Power To 330KV Transmission Stations

Ebuka Daniel The Transmission Company of Nigeria (TCN) said it has restored power to the 330 Kilo Vo…

New UNIDO DG To Emerge In July As Three Candidates Nominated For Position

Oluwasina Phillip The governments of the State of Bolivia, Ethiopia and Germany have nominated candi…

African Covid-19 Testing Declines as Variants Spread

The African Union’s health agency urged countries on the continent to increase testing for the coron…

Standard Bank Gears Up for Africa’s Post-Covid Economic Recovery

Africa’s biggest lender sees opportunity in both its core South African market and the rest of the c…

TCN Probes Cause Of National Grid Collapse

Ololade Omosan-Agie The Transmission Company of Nigeria has assured that efforts are ongoing to rest…

Nigeria Earned N392.77bn From Company Income Tax In Q1

Oluwasina Phillip Nigerian Companies have added N392.77bn into the coffers of the Federal Government…

Finance, Justice Ministers, AU Commissioner, Others To Attend Nigeria’s International Conference on IFFs, Asset Recovery

Ebuka Daniel Finance, Justice Ministers, AU Commissioner, HEDA Headline Nigeria’s International Conf…

Akwa Ibom Gets N5bn From BUA For Healthcare Development

Ololade Omosan-Agie The Abdul Samad Rabiu Africa Initiative, the brainchild of BUA Cement Chairman, …

Nigerians in diaspora’s get Ecobank, NIDCOM support on economic development

Ebuka Daniel Ecobank Nigeria Limited has partnered with Nigerians in the Diaspora Commission to enha…

Nigeria exceeds OPEC production quota For April

Oluwasina Phillip Nigeria exceeded the April production quota set for it by the Organisation of Petr…

AfDB completes clearance of Sudan’s $413m arrears

Following approval of the proposal by the Boards of Directors of the African Development Bank Group …

Remittance Flows Into Nigeria, Other Countries Hit $540bn—World Bank

Oluwasina Phillip Despite COVID-19, remittance flows remained resilient in 2020, registering a small…

Again, Darkness Looms As National Grid Collapses

Ebuka Daniel Most Nigerians may celebrate the Eid el-Fitr holidays in total darkness as the Kaduna E…

UK Seeks Tariff Exemption On Solar Equipment

Babajide Iletogun The United Kingdom has called on the Federal government to consider the issuance o…

FG to conclude [email protected] celebration with special awards in September — Official

The Federal Government says it is set to wrap up the [email protected] celebration with a National Special …

NSIA Grows Income To N160bn

Oluwasina Phillip Nigeria Sovereign Investment Authority (NSIA), the agency saddled with the mandate…

GCR ASSIGNS TRIPLE “AAA” LONG TERM RATING TO DBN

Ebuka Daniel Global Credit Ratings (GCR), one of the leading rating agencies in Africa, has assigned…

FCCPC to investigate controversial deaths at Lagos Hospitals

Ebuka Daniel The Federal Competition and Consumer Protection Commission has begun probe into circums…

FG Delegation To Visit Ghana Over Nigerian Traders Conflict

Ebuka Daniel President Muhammadu Buhari has directed that a Ministerial delegation be sent to Ghana …

SEC Issues Update on CMOs Registration

Ololode Ololade-Omosan The Securities and Exchange Commission (SEC) has issued an update on registra…

Uber Increases Passengers Fare By 13%

Oluwasina Phillip Nigerians may pay more on transportation, as drivers under the Uber platform begin…

FG Probes Contracts Awarded By Suspended NPA MD

Ebuka Daniel The Federal Government has inaugurated a panel to probe contracts and alleged non-remit…

Foreign Stocks: SEC to Register, Monitor Brokers to Ensure Transparency

Ololade Omosan-Agie The Securities and Exchange Commission is to register and actively monitor broke…

Customs Confiscates Items With Duty Paid Value Of N1.76bn

Oluwasina Phillip The Comptroller of the Apapa Command of the Nigeria Customs Service, Mallanta Yusu…

FG revives 700-hectare land in Ogun for farm estate

Ebuka Daniel The Federal Government announced on Friday that it had commenced the reactivation of it…

Only 2.9 million vehicles registered by insurance firms –NIA

Ololade Omosan-Agie  Out of the estimated 13 million vehicles in Nigeria, only about 2.9 millio…

Nigeria’s VAT rises to N496bn in First Quarter—NBS

Oluwasina Phillip Nigeria’s Value Added Tax data for the first quarter of 2021 rose to N496.39bn as …

We Remitted N159bn Into Govt Coffers Under My Watch, Says Embattled NPA MD

Ebuka Daniel Between 2017 and 2020, the Nigeria Ports Authority under the leadership of the suspende…

We Can’t Fail Nigerians On PH Refinery Rehabilitation:– NNPC

Oluwasina Phillip The Nigerian National Petroleum Corporation has kicked off construction work for t…

No Need For Investors To Panic Over First Bank Crisis—-Chapel Hills

Ololade Omosan-Agie Chapel Hills Denham is dismissing unnecessary panic that will further weaken inv…

Insurance Firms Paid N4bn Compensation To 2,000 Businesses Affected By EndSARS Protest 

Ebuka Daniel Insurance companies in the country have paid N4bn as compensation to over 2,000 busines…

FG To Mobilise More Support For Nigerian Entrepreneurs – Minister –

Babajide Iletogun . The Minister of State for Industry, Trade and Investment, Amb. Mariam Yalwaji Ka…

NIN Will Assist Us Tackle Insecurity—-Buhari

Ololade Omosan-Agie President Muhammadu Buhari on Thursday said promoting National Identification Nu…

Emefiele Woos Youths To Embrace Agriculture

Oluwasina Phillip The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has urged youths …

Minister Task FRCN On Enforcement Of Accounting Standards

Babajide Iletogun The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo has tasked …

Senate’s Directive Asking Customs To Return Seized Smuggled Rice Unpatriotic—–RIPA…

FG Boosts Women’s Participation In Energy Sector With $20m

Ebuka Daniel The Federal Government has provided $20m to support active participation of women in th…

FG Targets Four Million Households For Free Distribution Of Pre-paid Meters

Ololade Omosan-Agie The Federal Government has announced its readiness to commence the second phase …

Tax Evasion: FIRS Plans Direct Deductions From Defaulters Bank Accounts, Other Assets

 Babajide Iletogun The Federal Inland Revenue Service on Wednesday said it would begin direct deduct…

FG Will Deploy 5G Technology Soon—-NCC

Oluwasina Phillip The Federal Government on Wednesday said it is going ahead with arrangements for d…

FEC Approves Power Contracts Worth N6bn

Oluwasina Phillip The Federal Executive Council has approved contracts worth over N6 billion for six…

Nigeria, Nine Others, Ravaged By Acute Food Crisis–Report

Ololade Omosan-Agie Nigeria, Democratic Republic of Congo, Ethiopia, five other countries have toppe…

I Feel Sad When Foreign Investors Snub Nigeria For Ghana- Tony Elumelu

Ebuka Daniel The Chairman of Heirs Holdings and United Bank for Africa has said that it is heart bre…

DMO Opens Subscription For FG Savings Bond

Ebuka Daniel The Debt Management Office (DMO) has announced the opening of two Federal Government (F…

All Our Intervention Funds Are Achieving Desired Results—CBN

Oluwasina Phillip The Central Bank of Nigeria, CBN, has urged the people of the South-East to embrac…

CITN Seeks Accountability In Tax Administration

Ebuka Daniel The Chartered Institute of Taxation of Nigeria, Ikeja and District Society, has urged g…

Okonjo-Iweala Breaks Another Record At WTO, Names Two Women Deputy DG

Babajide Iletogun The Director-General of the World Trade Organization (WTO), Dr Ngozi Oko…

74 Govt Agencies Duplicated 316 Projects In 2021 Budget—-Report

Ebuka Daniel From the 19,036 capital projects contained in the 2021 budget, about 316 of them worth …

Divorce: Bill Gates May Drop To 17th Richest Man

Microsoft founder, Bill Gates, may drop from number 4 to number 17 on billionaires index after split…

FG Extends NIN-SIM Verification Deadline

Oluwasina Phillip The Federal Government has extended the National Identification Number and Subscri…

FG To Merge Agencies, Others To Cut Cost

Ololade Omosan-Agie President Muhammadu Buhari has directed the salaries committee to review payroll…

AEDC To Spend N100bn On Electricity Facilities Upgrade

Ebuka Daniel The Nigerian Electricity Regulatory Commission has  approved a N100bn investment f…

Capital Market Investors Gained N420bn In 30 Days–Report

Ololade Omosan-Agie Investors in the Nigerian stock market gained N420bn in April as listed companie…

Review export proceeds repatriation policy, LCCI tells CBN

Oluwasina Phillip The Lagos Chamber of Commerce and Industry said it has become imperative for the C…

NCAA lifts Azman Air suspension after six weeks

Ebuka Daniel The Nigerian Civil Aviation Authority has lifted the suspension it placed on Azman Air …

We Acted In The Best Interest Of First Bank Customers—Sacked Chairman, Awosika

Ebuka Daniel Former Chairman, Board of Directors of First Bank of Nigeria Limited, Ibukun Awosika, h…

First Bank Complies With CBN Directive On New Board

Ebuka Daniel First Bank of Nigeria Limited has said that its Chief Executive Officer, Dr Adesola Ade…

NLC Blames Mass Sacking For Insecurity In Kaduna State

Ololode Omosan-Agie The leadership of the Nigerian Labour Congress (NLC) has alleged that the mass l…

ICPC: Building Investigators’ Capacity To Tackle Illicit Financial Flows

Ebuka Daniel Currently, it is easy for money to flow across borders and this connectivity between in…

NBS, Ngige, Clash Over Accuracy Of Unemployment Figures

Oluwasina Phillip The National Bureau of Statistics has faulted claims by the Minister of Labour and…

NNPC To Boost Remittance To FAAC

Ololade Omosan-Agie The Nigerian National Petroleum Corporation (NNPC), on Friday clarified that the…

AfDB, IFAD, To Tackle Rising Hunger In Africa

Ebuka Daniel The African Development Bank and the International Fund for Agricultural Development (I…

CBN Sacks First Bank Directors, Reinstates Adeduntan As MD

Ebuka Daniel The Central Bank of Nigeria on Thursday in a bid to ensure the sanctity of the financia…

NEPZA To Migrate SMEs To Economic Zones

The Managing Director of Nigerian Export Processing Zones, Prof. Adesoji Adesugba, has canvassed for…

We Transmitted 5,801.6MW To Discos—TCN

Babajide Iletogun The Transmission Company of Nigeria, on Wednesday, said it evacuated the country’s…

Nigeria, US, Iran, Three Others Account For 65% Global Gas Flaring – World Bank

The World Bank on Wednesday said Nigeria and six other countries were responsible for two-thirds of …

FG Grants Dangote Cement ₦22.32bn Tax Credit

Ebuka Daniel The Federal Inland Revenue Service has issued Dangote Cement Plc, tax credit certificat…

FG Approves National Poverty Reduction Strategy

Ololade Omosan-Agie The Federal Executive Council has approved the National Poverty Reduction with G…

Capital Market Investors lose Over N270bn In 24 Hours

Oluwasina Phillip Investors in the Nigerian stock market lost N274bn on Wednesday as 23 firms saw th…

DMO To Domesticate Debt Management Guidelines In States

Babajide Iletogun The Debt management Office has initiated a process that will lead to the domestica…

AMCON To Seize Non-Collaterized Assets

Ebuka Daniel The Senate has empowered the Asset Management Corporation of Nigeria to seize customers…

AfDB, IFAD, Others To Brainstorm On Food Security In Africa

Ebuka Daniel The African Development Bank and the International Fund for Agricultural Development, i…

Nigeria’s Flutterwave Makes Times First Ever List For 100 Most Influential Companies

Ebuka Daniel Nigerian fintech startup Flutterwave has made the Times Magazine 2021 100 most influent…

FG Seeks Multi-Stakeholder Support To Boost Health Security

Oluwasina Phillip A multi-stakeholder solution to tackle funding challenges of the health sector is …

Defaulters: ICPC Drags 2,000 Firms Into Tax Net—Owasanoye

Ololode Omosan-Agie The Independent Corrupt Practices and Other Related Offences Commission has drag…

Master Plan Initiatives Yielding Results – SEC

Babajide Iletogun The Securities and Exchange Commission has stated that the implementation of the 1…

$120m Investment in Transcorp Hotels Will Boost Profitability

Oluwasina Phillip The Chairman, Transnational Corporation of Nigeria (Transcorp) Plc, Mr. Tony Elume…

No Increase In Petrol Price Until Discussions With Labour Is Over—NNPC

Oluwasina Phillip The price of petrol is not going to be adjusted despite the fluctuations in global…

319,755 Nigerians benefitted from FG’s payroll support programme – Presidency

THE Presidency says 319,755 Nigerians have benefitted from the Economic Sustainability Plan’s Surviv…

Ban On Emirates Airline To Be Lifted In 48 Hours

Ololode Omosan-Agie The Federal Government will announce the date for the resumption of Emirates Air…

Climate-Resilient Infrastructure Offers $170bn Investment Potential For Nigeria, Others—Adesina

Ebuka Daniel The President of the African Development Bank, Dr Akinwumi Adesina has said that climat…

Electricity Tariff Hike Looms As NERC Set For Another Review

Ebuka Daniel There are indications that Nigerians may be expected to pay more for electricity as the…

Oil Marketers Demand Equitable Petroleum Products Pricing

Ololade Omosan-Agie Oil Marketers have decried the low profit margin in the downstream oil sector, s…

Nigeria Has Reviewed Bilateral Agreements With UK To Tackle Insecurity—Defence Minister

Babajide Iletogun The Federal Government has reviewed the existing bilateral agreements between the …

CBN Gives Approval To Ten New Money Transfer Operators

Ebuka Daniel The Central Bank of Nigeria has approved ten new International Money Transfer Operators…

Banking Sector Recorded N356trn Electronic Transaction In Q4—NBS

Oluwasina Phillip The Covid-19 pandemic has reshaped payment patterns in the Nigerian banking system…

Senate Commends ICPC On 2020 Budget Performance

Ebuka Daniel The Senate Committee Chairman on Anti-Corruption and Financial Crimes, Senator Suleiman…

FAAC Allocates N681.3bn To FG, States, LGs In March

Ebuka Daniel The Federation Accounts Allocation Committee has shared a total of N681.33bn as March 2…

SEC Tasks Investors on e-Dividend

Oluwasina Phillip   The Securities and Exchange Commission has again urged investors in the capital …

77% Of Nigerians On Contributory Pension Scheme Are Below 40 Years—–PenCom

Ebuka Daniel The total number of workers with pension accounts under the Contributory Pension Scheme…

Transcorp Hotel Records N201.97m Loss

Ololode Omosan-Agie Nigeria’s hospitality industry in the first quarter has yet to recover fro…

Nigeria Can Earn $4.5bn From Mushroom Exports—Mushroom Growers Association

Ebuka Daniel The Mushroom Growers, Processors and Marketers Association of Nigeria on Friday said it…

Why Hyundai, KIA Chose Ghana Over Nigeria For Car Assembly Plant- Alpha African Advisory

Ebuka Daniel Africa is currently seeing investment inflow from the biggest companies across the glob…

Lagos Plans Policy To Reduce Risks In Agric Sector

Ebuka Daniel The Governor of Lagos State, Babajide Sanwo-Olu has launched a 5-year agriculture and f…

FG GrantsN20bn Tax Waiver To NLNG For Construction Of Bonny Bridge

Babajide Iletogun The Federal government has granted Nigeria Liquefied Natural Gas Company ₦20bn tax…

Nigerian Businesses Lose $29bn Annually To Epileptic Power Supply – World Bank

Ololade Omosan-Agie The poor power supply currently bedeviling the country is causing Nigerian busin…

AfCFTA: CBN Opens Naira Settlement Discussions With AFREXIM Bank

Ebuka Daniel The Central Bank of Nigeria has said that it is in talks with the African Export-Import…

FG Restates Commitment To Development Of MSMEs Sector

Ebuka Daniel  The Minister of State for Industry, Trade and Investment,  Amb. Mariam Yalwa…

FG To Bridge Gender Gap In Agric Sector

Oluwasina Phillip The Federal Government has inaugurated the National Gender Steering Committee for …

Backward Integration Programme In Sugar Sector Will Create Jobs For Nigerians—-Adedeji

Ebuka Daniel The Executive Secretary of the National Sugar Development Council, Mr. Zacch Adedeji ha…

NNPC Increase Daily PMS Truck-Out To Tackle Fuel Scarcity

Oluwasina Phillip The Nigerian National Petroleum Corporation in a bid to tackle the fuel queues in …

SMEDAN Seeks To Protect Intellectual Property For MSMEs

Ebuka Daniel The Director General/ Chief Executive Officer of Small and Medium Enterprises Developme…

Banks Credits Rises To N1.6tn in January

Ololade Omosan-Agie The value of consumer credit in the Nigerian economy fell by four per cent to N1…

Unity Bank Grows Assets To N492.02bn

Babajide Iletogun Unity Bank Plc said it grew its assets base by 67.9 per cent to N492.02bn as of th…

Repatriate Forex Proceeds, CBN Directs Exporters

Ebuka Daniel The Central Bank Governor, Godwin Emefiele, has urged exporters to repatriate export pr…

Senate Mutes Policy Review To Boost Local Investments In Cement

Oluwasina Phillip The Senate on Tuesday called on the Federal Government to introduce liberal polici…

Insecurity: Finance Minister warns againts social-economic disaster

Ebuka Daniel The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Tuesday sai…

Scarcity: NNPC Says Fuel Queues Will Disappear Soon

Oluwasina Philip The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Ky…

FG To Drive Job-Intensive Growth Of Economy – Adebayo

Babajide Iletogun Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo on Tuesday disc…

DPR Set To Remove Bottlenecks On Gas Supply Networks

Babajide Iletogun The Department of Petroleum Resources has rallied major stakeholders, including th…

FG To Disburse N75bn Youth Fund In Phases—Minister

Oluwasina Phillip The Ministry of Youth and Sports Development has said the disbursement of the Nige…

FG Raked N2.15tn From MDAs Operating Surplus In 11 Years—FRC

Ebuka Daniel The Fiscal Responsibility Commission said it caused Ministries, Departments and Agencie…

No Increase In Price Of Petrol In May-NNPC

Oluwasina Phillip The Nigerian National Petroleum Corporation has announced that there would be no i…

OAGF To Assist NEITI Track Oil Revenue

Ololade Omosan-Agie The Office of the Accountant General of the Federation is to support the Nigeria…

FIRS Threatens To Sanction Five Firms For Tax Returns Default

Babajide Iletogun The Federal Government in a bid to shore up tax revenues may have begun a clampdow…

Access Bank Set To Acquire Botswana’s Fifth Largest Bank

Ebuka Daniel Access Bank Plc is in talks to seal a deal with former Barclays Plc Chief Executive Off…

MSMEs To Be Recognised By Turnover, Not Asset Base—SMEDAN

Ebuka Daniel The Director General and Chief Executive, Small and Medium Enterprises Development Agen…

Stock Market Remain Bearish As Downward Trend Continues

Oluwasina Phillip The nation’s stock market remained bearish last week leading to a decline of 0.15 …

Credit Bureau Drives Awareness On open banking

Oluwasina Phillip CRC Credit Bureau has created awareness on the relevance of open banking.The Manag…

Dangote’s Investments In Sugar Production Hits $700m

Babajide Iletogun The management of Dangote Sugar Refinery Plc has said it is committing over $700m …

Economy Attracted $5.47bn Forex Inflow In One Month—CBN

Ebuka Daniel The Central Bank of Nigeria has put the aggregate foreign exchange inflow into the econ…

Lagos Free Zone To Get Fresh Investments From France

Ololade Omosan-Agie French Foreign Trade Advisors have expressed readiness to invest massively in th…

PHOTO NEWS: GOV. SULE, ADEBAYO, ADEDEJI TOUR DANGOTE SUGAR REFINERY

L – R: Nasarawa State Governor, Abdullahi Sule; Chairman, Dangote Group, Alhaji Aliko Dangote;…

DPR Corrects NEITI, Says Nigeria Has Accurate Record Of Crude Production

Oluwasina Phillip The Department of Petroleum Resources on Friday debunked claims that the exact vol…

Tackle Power Sector Woes To Make Nigeria’s Economy Competitive, IMF Tells FG

Ebuka OnubaThe International Monetary Fund has said it is important for Nigeria to solve its power p…

FG Records 200% Increase In Warri-Itakpe Railway Passenger traffic

Ololade Omosan-Agie  The Federal Government has announced that it had recorded over 200 per cent inc…

States IGR Dropped By N20bn To N1.3trn In 2020

Babajide Iletogun The revenue generated by the 36 states of the federation and the FCT amounted to N…

FAO, AU Unveil Framework to Boost Intra-African Trade

Ebuka Daniel The Food and Agriculture Organisation of the United Nations  and the African Union…

DPR Set To Resolve 43 Oil, Gas Disputes

Ebuka Daniel The Department of Petroleum Resources has said over 43 cases in the Nigerian oil and ga…

CBN Orders States To Repay N1.5trn Loans Owed FG

Oluwasina Phillip The Central Bank of Nigeria has said that states must repay all loan facility of a…

It’s Very Difficult To Ascertain How Much Oil Nigeria Is Producing–NEITI

Ebuka Daniel The exact volume of crude oil produced in Nigeria, especially at the deep offshore fiel…

FG Lifts Ban On Sale Of SIMs

Ebuka Daniel The Federal Government has approved the lifting of its four months long ban on the sale…

CBN To Restrict Forex For Sugar, Wheat Importaion

Oluwasina Phillip The Central Bank of Nigeria has unveiled plans to include sugar and wheat on the l…

Nigerians Can Compete Globally With High Speed Internet— Osinbajo

Ololade Omosan-Agie Nigeria’s Vice President, Yemi Osinbajo, has said that improved access to …

Food prices soar as Nigeria’s inflation rises to 18.17%

Ebuka Daniel Food prices have again pushed Nigeria’s inflation to 18.17 per cent which is one …

Multiple Taxation, Poor Power Supply Affecting Manufacturing Output—-MAN

Ebuka Daniel The Manufacturers Association of Nigeria, Edo/Delta chapter, has lamented the multiple …

Coordination Of Monetary, Fiscal Policies Needed To Stop Forex Crisis—-LCCI

Oluwasina Philip The difficulties faced by many investors in Nigeria in accessing foreign exchange f…

Jaiz Deploys New Code To Enhance Flexible Payment

Ebuka Daniel Jaiz Bank Plc, a non-interest bank, said it has embraced and deployed the newly introdu…

AMCON Seeks Powers To Recover N5.4trn Debts Through Special Tribunal

Ololade Omosan-Agie  The Asset Management Corporation of Nigeria has approached the National As…

FG To Auction N150bn Bonds This Month—DMO

Babajide Iletogun Federal Government would offer N150bn bonds for subscription in April, the Debt Ma…

French President Invites BUA Amidst Rift With Dangote

Oluwasina Philip French President, Emmanuel Macron, has invited the Chairman of BUA Group, Abdulsalm…

Rising Demand Pushes Crude Oil High To $66

 Ebuka Daniel The international oil benchmark, Brent crude, rose by five per cent on Wednesday, afte…

We Didn’t Print N60bn To Augment FAAC Allocation, FG Replies Obaseki

Babajide Iletogun The Federal Government on Wedesday countered an allegation made by the Governor of…

Nigerians Spent N106.5trn In 2020

Ebuka Daniel Nigerian households spent N106.5trn on consumption expenditure in 2020 amidst Covid-19 …

Shoprite To Sell Nigerian Business To Persianas Group

Oluwasina Phillip One of Nigeria’s biggest retail store, Shoprite is planning to sell its Nige…

ITF, Nigerian Air Force Seal Pact To Enhance Productivity

Ololade Omosan-Agie The Industrial Training Fund has signed a tripartite Memorandum of Understanding…

AfDB President Advocates Policies To Make Nigerian Youth Globally Competitive

Ebuka Daniel The President of the African Development Bank, Dr Akinwumi Adesina has called on the Fe…

CAC To Bar Non-Remitting Entities from Public Contracts

Oluwasina Phillip The outgoing Chairman, Corporate Affairs Commission (CAC) Governing Board, and Nig…

NNPC Records 37% Decline In Pipeline Vandalism In January

Ebuka Daniel The Nigeria National Petroleum Corporation has announced a 37.21 per cent decrease in c…

Rolls-Royce Grosses Highest Sales In 2021

 British luxury carmaker, Rolls-Royce, has delivered the highest-ever first quarter sales resul…

We ‘ve disbursed over N100bn as digital loans—Sterling Bank

Oluwasina Phillip Sterling Bank said it has disbursed over N100bn digital loans and about N5bn digit…

NESG Appoints Eight Board Members

Ololade Omosan-Agie Nigerian Economic Summit Group has announced the appointment of eight new member…

CBN Supports Manufacturing Sector With N803bn

Ebuka Daniel As at the end of February this year, the Central Bank of Nigeria has disbursed about N8…

Oil Price Rises For Fifth Consecutive Month

Babajide Iletogun The average global crude oil prices have continued to rise for the fifth consecuti…

Italian Trade Agency, NEPC To Assist Nigerian Entrepreneurs Boost Access To EU Markets

Ololade Omosan-Agie As part of its commitment to boost trade relationships with Nigeria, the Italian…

Refineries With Expired Licenses Can Apply For Revalidation–DPR

Ebuka Daniel The Department of Petroleum Resources has announced that refineries with invalid licenc…

We Raised N115bn Bond To Remain Competitive In Cement Business- BUA

Ebuka Daniel BUA Cement has said that among the reasons for raising N115bn Series 1 corporate bond i…

Adebayo Seeks Establishment Of Nigeria-France Business Council

Oluwasina Phillip The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo on Tuesday …

SunTrust Bank Provides Cars To 100 Female Drivers For Ride-Hailing Service

Olololade Omosan-Agie SunTrust Bank has gifted 100 Nigerian female drivers  Hyundai Sonata vehi…

BUA Group Lafiagi Sugar Refinery To Be Completed Next Year

Babajide Iletogun The BUA Group yesterday set first quarter of next year target for the completion o…

New ITF Maitama Multi-billion Naira Building Will Have Positive Impact On Nigeria’s Economy – Adebayo.

Ololade Omosan-Agie The New Multi-billion Naira Building of the Industrial Training Fund projected t…

Bank of Industry Records N35.5bn Profit In 2020

Oluwasina Phillip The Bank of Industry Group concluded the 2020 financial year with a 78.8 per cent …

DPR Revokes Licenses Of BUA Petrol-Chemical Refinery, 31 Others

Ebuka Daniel The Department of Petroluem Resources has revoked the licensee of 32 project refineries…

CBN Still Supporting Businesses, Households With Covid-19 Loan

Ebuka Daniel The Central Bank of Nigeria has said that it is still supporting businesses and househo…

FAAN sets rule for drivers, passengers at airports

The Federal Airports Authority of Nigeria has said that drivers are prohibited from picking up passe…

FG Boost MDAs Capacity On Social Protection Programmes

Oluwasina Phillip Federal Government has reiterated its resolve to prioritize social protection acro…

Farmers Awaiting Commencement Of Our Fertiliser Plant—Dangote

Ebuka Daniel Farmers in Ogun State are eagerly awaiting the commencement of operations of the Dangot…

PenCom gets ISO certification

Oluwasina Phillip The National Pension Commission has been given the ISO certification which is an i…

First Capital Market Committee Meeting Of 2021 To Hold On Thursday—SEC

Babajide Iletogun The Securities and Exchange Commission has announced that the first Capital Market…

Investors Lose N30bn As Capital Market Continues Downward

TrendOlolade Omosan-Agie The Nigerian capital market continues its downward trend last week as the m…

ITF Has Trained Over 500,000 Artisans In Four Years—Adebayo

Oluwasina Phillip  The implementation of several skills intervention programmes have enabled the Ind…

We Will Implement Report On $1bn Abandoned Oil Facility—-FG

Ebuka Daniel The federal government has received the report of the compensatory contracts and other …

Outgoing CAC Board Chairman Outlines Strategies To Improve Nigeria’s Trade Relations With Spain

Babajide Iletogun The newly appointed Ambassador of Nigeria to Spain, Chief Ademola Seriki has outli…

FG Printed N60bn To Augment FAAC Allocation In March—Obaseki

Babajide Iletogun Edo State Governor, Godwin Obaseki, has said Nigeria is in “huge financial trouble…

FG Printed N60bn To Augment FAAC Allocation In March—Obaseki

Ebuka Daniel Edo State Governor, Godwin Obaseki, has said Nigeria is in “huge financial trouble” wit…

Oil Price Drops To $63.18 As Nigeria’s Daily Production Hits 1.57 Million Barrels

Ebuka Daniel Oil prices were little changed on at the weekend as investors weighed rising supplies f…

FG Will Commence Work on Ibadan-Kano, Port Harcourt- Maiduguri, Soon – Amaechi

Babajide Iletogun The Federal Government on Friday explained that work would soon begin on some sele…

FG Moves To Develop First Made In Nigeria Electric Vehicle

Ebuka Daniel The Federal Government through its agency- the Nigerian Institute of Transport Technolo…

Banks Not Owing MTN Nigeria, Other Telecom Operators- Herbert Wigwe

Ololade Omosan-Agie Nigerian banks have insisted that they are not indebted to any telecom operator …

ECA To increase Investment In Infrastructure In Africa

Oluwasina Phillip The Economic Commission for Africa says it is working with African countries to in…

FG vows to lift Nigeria out of poverty, unemployment

Ololade Omosan-Agie  The Federal Government says it is determined to do all it entails to lift …

NNPC Moves Pipes From Warri To Itakpe For AKK Gas Project

Ebuka Daniel The Federal Government has begun the movement of pipes from Warri to Itakpe for the imp…

Three years after suspension, NNPC to resume oil exploration in Sokoto Basin

Babajide Iletogun The Nigerian National Petroleum Corporation, NNPC has announced plans to resume ex…

Poor countries got $17bn from World Bank to address Covid-19

Ebuka Daniel The World Bank said it transfered about $17bn to Least Developed Countries between Apri…

CBN to freeze 193 more Bank Accounts

Oluwasina Phillip The Central Bank of Nigeria has obtained three different court judgments from the …

PenCom receives certification on information security management

Ebuka Daniel The National Pension Commission has been evaluated by the Professional Evaluation and C…

SEC Warns Investors Against Patronising Unregistered Trading Platforms

Ololade Omosan-Agie The Securities and Exchange Commission has warned the investing public on the pr…

MTN explains cut in Banks’ USSD Commission

Oluwasina Phillip MTN Nigeria has explained that the decision to slash the commission banks get for …

AfDB Says Climate Change May Cost African Countries $50bn Annually—AfDB

Babajide Iletogun The African Development Bank has said the impact of climate change on the continen…

Price War: Dangote Petitions FG, Demands Shutdown Of BUA Sugar Plant

Ebuka Daniel  Aliko Dangote,  leader and founder of the Dangote group has petitioned the F…

FG generated $3.24bn Revenue From Shell In 2020

Ebuka Daniel The payment made to the Federal Government by Shell companies in Nigeria plunged by 42.…

Customs earned N46.85bn revenue in three month

Oluwasina Phillip  The Ports and Terminal Multiservices Limited Command of Nigeria Customs Service h…

Shippers Lost N780bn Revenue in 2020

Ebuka DanielShippers in the country have said they lost N780bn in 2020 because they could not access…

World Bank pledges to tackle Nigeria’s debt burden

Babajide Iletogun The President, World Bank Group, Mr David Malpass, said the group is working activ…

Accountant-General Promises To Sustain Timely Production Of Financial Reports

Oluwasina Phillip The Accountant General of the Federation, Mr Ahmed Idris has promised to ensure th…

ICRC Appoves $21m For Jabi Lake Recreational Project

Babajide Iletogun The Infrastructure Concession Regulatory Commission, on Wednesday, issued the Outl…

81,000 Female Entreprenuers Got N58bn Loan From First Bank

Ebuka Daniel First Bank Plc has said that it gave out a total of N58bn, in form of loans to over 81,…

Dangote Slides To 191 Richest Man As Wealth Declines By $600m

Ololade Omosan-Agie Forbes latest ranking of world billionaires has revealed that Nigeria’s an…

DMO offers 2 new FG savings bonds for subscription at N1,000

Babajide Iletogun The Debt Management Office, on Tuesday, opened two new Federal Government of Niger…

All Share Index Drops By 0.4% as Stock Market opens negative

Ebuka Daniel The local bourse resumed the week with a loss of 39bps due to sell-offs in GUARANTY (-3…

DPR revokes Addax’s oil mining licenses for non-performance

Director and Chief Executive Officer of The Department of Petroleum Resources (DPR) Engr. Sarki Auwa…

IMF predicts higher economic growth for Nigeria

Ebuka Daniel The International Monetary Fund has projected an economic growth of 2.5 per cent for Ni…

One year after closure, international flight resumes in Kano airport

Oluwasina Phillip International flight operations resumed at the Malam Aminu Kano International Airp…

SON to enhance quality of Healthcare equipment in Nigeria

Ololade Omosan-Agie The Director General/Chief Executive, Standards Organisation of Nigeria, Mr. Far…

LCCI Sets Up E-Commerce For Private Enterprises

Ebuka Daniel The Lagos Chamber of Commerce and Industry has announced the launch of its e-commerce s…

NNPC signs $1.5b Agreement with Tecnimont SpA to rehabilitate PH refinery

Oluwasina Phillip The Nigerian National Petroleum Corporation has signed an Engineering, Procurement…

ICAN suggests strategies to tackle Nigeria’s high unemployment rate

Ebuka Daniel The Institute of Chartered Accountants of Nigeria on Tuesday blamed the high unemployme…

Shoprite Awaits FCCPC Approval Sell-Off Nigerian Outlets

Ololade Omosan-Agie Shoprite Holdings Limited, said it has concluded the sales of its Nigerian outle…

FG To Raise Quality Of Locally Produced Barite To American Standard

Babajide Iletogun The Federal Government has contracted a consultant to help raise standard in the l…

IMF Excludes Nigeria, Grants Debt Service To 28 Countries

Ebuka Daniel The executive board of the International Monetary Fund approved a third tranche of gran…

More investors needed in agric sector to guarantee food security— ActionAid

Ololade Omosan-Agie ActionAid Nigeria has called on partners, donors and stakeholders in the Public …