Power sector loses N19.15bn in 10 days
The nation’s power sector lost an estimated N19.15bn in 10 days due to constraints from insufficient gas supply,…
U.S.-Kenya Trade Talks Seen a Risk for Africa Regional Pact
A possible U.S.-Kenya free-trade agreement could undermine an existing continent-wide commerce pact and limit…
Nigeria Seen Unable to Avert Naira Devaluation Past 2021
Dwindling reserves and lower oil prices will probably force the Nigerian central bank to devalue one of the world’s…
IMF’s Georgieva Says Lack of Reforms Is Hurting Global Economy
The head of the International Monetary Fund said the lack of deeper improvements in the…
Subscribers must explain need for new mobile lines – Minister
Existing subscribers to telecommunications services who want new telephone lines must be made to explain why they…
Salaries and wages commission develops five-year strategic plan
The National Salaries Incomes and Wages Commission has developed a five -year strategic plan to enable it to…
FG appoints committee for new economic development plan
As the Economic Recovery and Growth Plan ends in December, the Federal Government has set up a steering…
Oyetola presents N1.2bn bonds to retirees
Osun State Governor, Adegboyega Oyetola, on Friday presented a total sum of N1.2bn bonds to some retired…
Senate summons AGF, CBN over N596bn ecological fund
The Senate, on Thursday, following an audit query from the office of the Auditor General of the Federation,…
Stock market down N95bn on sale pressure
Activities on the Nigerian bourse on Thursday reversed Wednesday’s positive sentiment with a loss of N95bn in…
Nigeria’s oil exports fall as explosion shuts pipeline
The nation’s oil exports have suffered a setback as an oil pipeline explosion forced the Nigeria Agip Oil Company,…
Olam, Massachusetts Institute collaborate on food workshop
Global agribusiness firm, Olam International, has announced a collaboration with the Massachusetts Institute of…
AfDB’s faults World Bank on Nigeria, Africa’s debt profiles
The African Development Bank has said that the upward debt trend of some African countries did not portend systemic…
Indiscriminate tax waivers affected FIRS revenue target — FIRS boss
The Executive Chairman Federal Inland Revenue Service (FIRS), Mr Muhammad Nami, has blamed non-discretionary tax…
Forex: CBN introduces longest Naira-settled Forwards contract
In a bid to reduce demand pressure in the foreign exchange market, and enhance dollar inflow into the economy, the…
Agriculture: CBN’s revised policy on the dairy industry
In a recent circular signed by the Director, Trade and Exchange, Dr Ozoemena Nnnaji, the CBN restricted the number…
SEC may announce new recapitalisation programme for capital market operators
Capital market operators should be bracing up for recapitalisation programme as indications emerged on Thursday…
Diaspora remittance: Reps, NIDCOM reject CBN’s currency conversion policy
The House of Representatives and the Nigerians in the Diaspora Commission have criticised the Central Bank of…
Tin Can Command targets N540 billion revenue for FG in 2020
The Tin Can Island Command (TCIC) of the Nigerian Customs Service has disclosed plans to achieve its N540 billion…
CBN’s N154.38 billion T-bills auction over subscribed by 46% as rates fall…
The Central Bank of Nigeria’s (CBN) second Treasury Bills Auction of the year worth N154.38 was oversubscribed by…
NLNG signs supply agreement with Galp Trading SA
Nigeria Liquefied Natural Gas (NLNG) has signed an agreement with Galp Trading SA to supply one million tonnes of…
Uber, Bolt riders lament over high charges, as Okada ban persists in Lagos
The effect of the ban of commercial motorcycles in some key areas in Lagos is gradually creating holes in the…
Customs seizes bags of contraband rice disguised as beans
Adamawa/Taraba State Customs Command of the Nigeria Customs Service, NCS, has impounded trailer load of 330…
NSE to complete demutualisation process, April 24
All is now set for the final conversion of the Nigerian Stock Exchange, NSE, to a public liability company as the…
FG discovers crude oil in north, says there’s more
About one billion barrels of crude oil has been discovered in the North-Eastern part of Nigeria, the Minister of…
Harmattan grounds foreign, domestic flights in Nigeria
Harmattan hays have caused flight cancellation and delay in the Nigerian Aviation sector grounding foreign airlines…
Access Bank N15bn Green Bond sets for cross listing
The Access Bank’s proposed listing of its N15 billion Green Bond on the Luxembourg Stock Exchange (LuxSE) has…
BPE to raise N267bn from privatization of 20 coys
The Director-General of the Bureau of Public Enterprises, BPE, Mr Alex Okoh, has advised against re-nationalisation…
Stocks gain as data shows lower new coronavirus cases
Stock markets around the world scaled fresh records after China reported the lowest number of new coronavirus cases…
Production, employment’s growth slow in January – CBN
Production level, new orders, supplier delivery time, employment level and raw materials inventories grew at a…