Category: Local

China will not set an economic growth goal for this year as it deals with the fallout from the coronavirus…

The country’s revenue from oil and gas dropped by N425.52bn in the first quarter of 2020 to N940.91bn, Minister of…

An English court threw out a $1.1bn case Nigeria brought against Royal Dutch Shell and Eni relating to a dispute…

Lagos State has retained its place as Nigeria’s economic capital, generating N398.7bn in 2019 alone. The sum is the equivalent…

The epicenter of the global Covid-19 pandemic has shifted to South America as cases in Rio de Janeiro and Sao…

Zainab Ahmed, Nigeria’s Finance Minister, has said that the country may go into recession due to the slowing down of…

Lagos Branch of the Nigerian Medical Association Thursday called off its sit-at-home order over the harassment of health workers by…

The Federal Airports Authority of Nigeria on Tuesday said it might not be able to pay full staff salaries as…

The Central Bank Governor, Mr Godwin Emefiele, has said that the CBN will not support the importation of items that…

Venezuela has launched legal proceedings to try to force the Bank of England to hand over $1 billion worth of…

Ford was forced to temporarily close an auto manufacturing plant in Chicago after two workers tested positive for coronavirus, the…

Doctors in Nigeria’s commercial capital Lagos will go on strike from Wednesday evening because of what they describe as police…

The number of active oil rigs in the country fell by 23.8 per cent to 16 in April amid the…

Chinese President Xi Jinping said Monday his country will provide $2 billion over two years to help other countries respond to the…

A global credit ratings agency, Fitch Ratings, has said Nigeria’s compliance with the oil production cut deal led by the…

The refineries owned by the Federal Government recorded a total loss of N18.96bn in the first two months of this…

The Federal Government, on Monday, said the recent order of the President, Major General Muhammadu Buhari (retd.), on gradual ease…

Alibaba founder Jack Ma is stepping down from the board of SoftBank after the company’s Vision Fund posted record-breaking losses…

With the travel industry crushed by the coronavirus pandemic, it’s more than likely that people will be staying close to…

The Federal Government on Sunday impounded an aircraft belonging to a British company, FlairJet  for operating commercial flights into the…

Forex scarcity due to falling crude oil price forced the Central Bank of Nigeria to access the country’s foreign reserves…

The Federation Accounts Allocation Committee has shared a total of N606.196bn for April revenue to the federal, states and local…

The total currency in circulation in the country rose to N2.3tn as of April 30 from N2.29tn on March 31,…

Some borrowers from microfinance banks have decried their exemption from loan tenor extension in the banking industry, which some commercial…

The Nigerian Treasury Bills auctioned for the month of May was oversubscribed by N132bn. The Debt Management Office disclosed this…

Airtel Nigeria reported a revenue growth of 24.1 per cent to $1.37bn in the year ended March 31, 2020, up…

Transaction activities on the Nigerian equity market on Wednesday halted the three-day negative sentiment following gains recorded by Unilever Nigeria…

The Federal Government on Wednesday adjusted the 2020 budget downward from the original N10.59tn to N10.52tn. The budget deficit is…

Stocks fell on Thursday after the latest jobless data underscored the coronavirus’ devastating toll on the U.S. economy. Dow Jones…

Foreign reserves have risen to $34.65bn within eleven days, latest figures from the Central Bank of Nigeria have indicated. The…