N74Billion Recovered From Maina Was Used To Finance 2012 Budget – Witness
Ngozika Ihuoma, first defence witness (DW1), on Tuesday, told the Federal High Court, Abuja, that N74 billion recovered by defunct…
Category: Local
We’re Treating Agriculture As Money Making Business — Federal Government Says
The Federal Government, Tuesday, assured that agriculture is being treated as moneymaking business and to create wealth for agribusiness players.…
National Information Technology Development Agency Seeks Review Of 2007 Act
The Director General of the National Information Technology Development Agency, Kashifu Abdullahi, has presented a proposal for the realignment of…
Nigerians Now Use 80,000 Terabytes Of Internet Monthly, Above SSA Average
Nigerians now consume 80,000 terabytes of internet data every month says Umar Garba Danbatta, executive vice-chairman of the Nigerian Communications…
NIMC Warns Nigerians Against Fake NIN Verification Website
The National Identity Management Commission has issued a disclaimer against National Identification Number verification website, https://nin-5gb-offer.online. NIMC on Friday warned…
Petrol Scarcity, Ploy To Hike Price, Say Marketers
The queues by motorists for petrol grew worse in Abuja and neighbouring states of Nasarawa and Niger on Monday as…
Oil Demand To Reach 100m Barrels A Day In Four Years – McKinsey
Oil demand is expected to take two to four years to return to 2019 levels, depending on the duration of…
Seplat Posts N191bn Full Year Revenue, To Pay Final Dividend
Seplat Petroleum Development Company Plc, a Nigerian independent energy company listed on both the Nigerian Stock Exchange(NSE) and the London…
Nigeria Records Highest Power Transmission Of 5,615.40MW
The Transmission Company of Nigeria (TCN) says the power sector has recorded an all-time national peak of 5,615.40MW. A statement…
Covid Vaccines Lands In Nigeria
The much awaited COVID-19 vaccine has landed in Nigeria. The vaccine was brought into the country via Emirates flight B…
$11m Debt: We’re Under No Winding-Up Order, Says StarTimes
A Chinese electronics and media company, StarTimes, says it is not subject to any winding-up court order, following a petition…
Stock Market Begins March With N70Bn Gain
The nation’s stock market started the month on a positive note on the back of price appreciation recorded by UAC…
Local Currency Gains N1.05 As Turnover Drops At I&E
The Naira opened the month of March stronger, recording a N1.05 or 0.26 per cent gain against the Dollar at…
Central Bank Of Nigeria To Increase Agric Loans By 6%
The Central Bank of Nigeria (CBN) said it will increase banking sector credit to the agriculture sector to 10 per…
Few Safe Havens As Equities Lose N1.36tr In February
Nigerian equities sunk into the red in February with sustained losses in four consecutive weeks eroding early gains and building…
Food Blockade Of South By North Not In Nigeria’s Best Interest
No region in Nigeria is a self-sufficient archipelago. None is more fortunate in human and material assets than the other.…
Nigeria: FMDQ Exchange Admits Parthian Partners N20 Billion CP
The FMDQ Securities Exchange Limited has announced the registration of the Parthian Partners Limited ₦20.00 billion Commercial Paper (CP) Programme…
Dangote Grooms Nigerian Engineers To Manage Refinery Complex On Completion
The Management of Dangote Oil Refinery is preparing young Nigerian graduates to take over the management of its 650,000 barrels…
Golfers Wore Red And Black In Honor Of Tiger Woods During Sunday’s Play
Golfers wore red shirts and black pants during the WGC-Workday Championship on Sunday in honor of golf legend Tiger Woods,…
Startimes Faces Winding Up Order Over $11 Million Debt
StarTimes, the Chinese-owned Pay-TV operator with tentacles across Africa, is at “serious risk” of receiving a court-mandated “winding-up” order over…
President Buhari Orders Federal Inland Revenue Service To Remit Levy To NASENI
The Federal Government has taken a bold step to boost science and engineering infrastructure development.It has invoked the section of…
Nigerian Central Bank Governor Suggests Naira Has Been Devalued
Nigeria’s central bank governor suggested the nation’s currency has been devalued. Addressing bankers at a summit on the economy in Lagos…
OPEC+ Faces Calls To Cool Oil Market Frenzy With Extra Barrels
From trading houses in Geneva to Wall Street banks, much of the oil world agrees that global markets could use…
2021 Is Our Year Of Active Recovery – Emefiele, CBN Governor
Central Bank of Nigeria (CBN) Governor, Godwin Emefield, CON, says 2021 is expected t be a yer of active recovery…
Federal Goverenment To Sell Crude In Naira To Dangote Refinery To Strengthen Naira
The Federal Government has concluded plans to sell crude oil to Dangote Refinery in Naira. This is part of measures…
Recession Exit: Test Of Resilience Of Nigeria’s Economy
Nigeria is a country with prodigious capacity for spinning surprises, even where all hopes seem to have been lost. Though…
Emefiele: Inflation Pushed Dangote Refinery Project Cost To $15bn
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele yesterday disclosed that inflation had pushed the cost…
How Banking Consolidation Made ‘Rich, Mighty Nigerians’ – Soludo
The former governor of the Central Bank of Nigeria, CBN, Professor Charles Soludo, has said that but for the banking…
Weekly Diaspora Remittances To Nigeria Jump By Over 100% After CBN’s Policy Directive
Remittances flow into Nigeria has improved from a weekly average of about $5 million before policy directives by the Central…
Nigeria Will Benefit Less From African Trade Deal – NESG
Nigeria and other resource-based countries will benefit less from the African Continental Free Trade Area than economies that are more…