2020-01-07 05:44
Crude oil prices rose over one per cent yesterday, pushing the global benchmark, Brent above $70 per barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle E… Read More
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2020-01-07 05:36
Insurance sector operators will face stricter supervision in 2020, the National Insurance Commission (NAICOM) has said, announcing its liquidation of two firms. The regulator also said it wo… Read More
2020-01-06 06:00
Through the implementation of various public sector financial management reforms, over N700bn had been saved by the Federal Government. In addition to the N700bn savings, about N300bn had be… Read More
2020-01-06 05:54
The National Pension Commission plans to raise pension bonds through the Debt Management Office to offset the pension arrears of federal retirees. The arrears accumulated through accru… Read More
2020-01-06 05:47
The Chief Justice of Nigeria, Justice Tanko Muhammad, on Sunday denied links with a former senator representing Kaduna Central, Shehu Sani, who is being investigated by the Economic and Fina… Read More
2020-01-06 05:34
The Presidency on Sunday asked Nigerians not to panic over the withdrawal of 1,200 Chadian troops from the Lake Chad Basin bordering the country. It said the withdrawal was in line with the… Read More
2020-01-06 05:23
Ebonyi State Governor David Umahi has lashed Peoples Democracy Party (PDP) members planning defection to the All Progressives Congress (APC), saying he is “100 per cent APC.” Uma… Read More
2020-01-06 05:12
The Nigerian National Petroleum Corporation (NNPC) recorded a trading surplus of N13.23billion in October 2019. This represented an increase of 54 per cent compared to N8.59 billion surplus… Read More
2020-01-06 05:07
The acting Director General of Securities and Exchange Commission (SEC), Ms. Mary Uduk has called for more partnership and cooperation among regulators and operators in the nation’s ca… Read More
2020-01-06 05:01
The Nigerian equities market gained N266.6 billion last week, thereby raising hope that the market will recover in the new year, after a decline in 2019. The market ended last year negativel… Read More
2020-01-06 04:55
The federal government will bear a financial burden of N544.894 billion being the cumulative shortfall in electricity tariffs of the 11 electricity distribution companies in Nigeria, the Nig… Read More
2020-01-06 04:43
Following the killing of an Iranian General, Quasem Soleimani, by the United States, the Inspector-General of Police, Mr. Mohammed Adamu, yesterday issued a red alert nationwide in a bid to… Read More
2020-01-03 08:16
The nation’s electricity generation declined by 560.6 megawatts on Thursday, worsening the blackouts experienced in parts of the country. Total generation from the 27 power plants on t… Read More
2020-01-03 08:05
The Boko Haram insurgency and herdsmen attacks in parts of the country undermined the growth of Nigeria’s agricultural sector, according to a report released by the World Bank. The Fed… Read More
2020-01-03 07:20
Investors in the equities market gained N12.4 billion thursday as trading at the market started 2020 on a positive note. Having declined by 14.6 per cent in 2019, the market opened the new y… Read More
2020-01-03 06:06
The Nigeria Employers’ Consultative of Association (NECA) has charted a course for the economy in the new year. The Director General of the association, Timothy Olawale, said in a stat… Read More
2020-01-03 05:54
A human rights lawyer, Mr. Femi Falana (SAN), thursday urged the Attorney-General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN), to ensure the release of the detained… Read More
2020-01-03 05:43
A member of President Muhammadu Buhari’s Economic Advisory Council (EAC), Mr. Bismarck Rewane, thursday cautioned the federal government against allowing itself to be stampeded into ma… Read More
2020-01-02 09:08
Nigerians should expect “significant improvement in electricity service supply reliability and delivery” this year, President Muhammadu Buhari has promised. This is part of the r… Read More
2020-01-02 07:43
Kwara State government has said some plots of land allocated to the late politician, Dr Olusola Saraki, were spuriously done. It defended its decision to revoke the Ilofa Road, GRA, Ilorin p… Read More
2020-01-02 07:32
Senator Shehu Sani has told his interrogators at the Economic and Financial Crimes Commission (EFCC) that he did not demand $20,000 (about N7.2million) from businessman Sani Dauda. He expres… Read More
2020-01-02 07:21
THE joint Southwest security outfit, Amotekun, will be inaugurated on January 9, Ekiti State Governor Kayode Fayemi, has confirmed. In an updated report on the security architecture initiate… Read More
2020-01-02 07:11
The Nigerian National Petroleum Corporation (NNPC) has stated that a total of 276.04 billion cubic feet (bcf) of natural gas was flared from Nigeria’s oil fields between September 2018… Read More
2020-01-02 06:57
The Central Bank of Nigeria (CBN) yesterday directed merchant acquirers and other operators in the payment system to take steps towards enhancing pre-authorisation and sales-completion of ca… Read More
2020-01-02 06:46
Dangote Cement Plc, MTN Nigerian Communications Plc, Nestle Nigeria Plc, Airtel Africa Plc and Guaranty Trust Bank Plc closed 2019 as the top five most capitalised stocks on the Nigerian Sto… Read More
2020-01-02 06:34
The Lagos State government said it has concluded arrangements to begin mapping the entire landscape of the state through its Geographic Information System (GIS) project in the first quarter… Read More
2019-12-30 08:14
Motorists will have to endure additional 12 months of nerve-racking traffic on the 35-kilometre Apapa-Oshodi-Oworonsoki-Ojota highway in Lagos for its recons… Read More
2019-12-30 08:06
Islamic Movement in Nigeria (IMN) has faulted the Federal Government’s claim that the fate of its leader, Sheikh Ibraheem El-Zakzaky, lies in the hands of Kaduna State Governor Nasir E… Read More
2019-12-30 07:58
Twenty-three year-old Adeeko Owolabi has narrated how he lured a final year female student of the Lagos State University (LASU), Miss Favour Daley-Oladele, to a church in Osun State. Owolabi… Read More
2019-12-30 07:49
The President of the Senate, Dr Ahmed Lawan, has pledged to run non-partisan leadership in the National Assembly. Lawan stated this on Sunday in Damaturu at the ‘Grand Reception’… Read More
2019-12-30 07:36
The Chartered Institute of Bankers of Nigeria (CIBN) on Sunday said the downward review of bank charges will affect banks’ net earnings and income. CIBN Chairman, Dr Uche Olowu, stated… Read More
2019-12-30 07:13
The Central Bank of Nigeria (CBN) has pledged to increase the figures of bank customers enrolled on the Bank Verification Number (BVN) system from over 40 million to 100 million in the next… Read More
2019-12-30 07:03
Nigeria’s portfolio transactions declined by N280 billion as foreign portfolio investors (FPIs) tended to be more on the sell side than the buy side. Latest official transactional repo… Read More
2019-12-30 06:52
Crude oil prices edged higher over the weekend and finished a holiday-shortened week near a three-month peak, after a report showed a bigger-than-expected decline in U.S. stores of crude and… Read More
2019-12-30 06:28
A new report by the World Bank Group (WBG) has canvassed reforms in Nigeria’s digital economy, saying by leveraging Information Communication Technology (ICT), the country has the pote… Read More
2019-12-28 06:48
Cargo congestion at the Lagos ports has worsened amidst the ongoing e-certification by the National Agency for Food and Drug Administration and Control. NAFDAC had in September announced tha… Read More
2019-12-28 06:17
The Nigerian National Petroleum Corporation (NNPC) and other shareholders of the Nigeria Liquefied Natural Gas Limited (NLNG) which include Shell, Total and Eni yesterday announced the Final… Read More
2019-12-28 06:08
Former President Goodluck Jonathan yesterday conducted sympathisers round the marine security post’s scene of the attack on his country home in Otuoke, Bayelsa State, with a call on se… Read More
2019-12-28 05:55
President Muhammadu Buhari Friday in Abuja appealed to Nigerians not to give room for terrorists to divide the country along religious lines. The president’s appeal came on the heels o… Read More
2019-12-27 07:28
THE Nigeria Employers’ Consultative Association (NECA) has commended the Central Bank of Nigeria (CBN) on the newly-released “Guide to Charges by Banks and other Financial Instit… Read More
2019-12-27 07:17
Crude oil prices edged slightly higher Thursday after the Christmas holiday, as a weekly inventory report indicated a bigger-than-expected decline in stockpiles for oil. West Texas Intermedi… Read More
2019-12-27 07:02
The Nigerian Railway Corporation (NRC) says the corporation will soon introduce e-ticketing for train services across the country. Its Managing Director,Mr Fidet Okhiria, said yesterda… Read More
2019-12-27 06:47
The International Air Transport Association (IATA) had projected that the Single African Air Transport Market (SAATM), simply known as Open Sky for Africa will enhance air connectivity in th… Read More
2019-12-24 08:39
The Nigerian National Petroleum Corporation (NNPC) has disclosed that it recorded more breaks on its oil pipelines across the country in September, with 28 (or by 18%), compared with August… Read More
2019-12-24 08:11
Nigeria may experience another round of electricity blackout with the deterioration of trade union relationship between workers in the Transmission Company of Nigeria (TCN) and their nationa… Read More
2019-12-24 08:05
For the third time, the presidency last night denied allegation that President Muhammadu Buhari was nursing a third term agenda. Reacting to repeated allegations by rights’ activist, M… Read More
2019-12-24 07:58
The Defence Headquarters (DHQ) yesterday dismissed calls by the Governor of Borno State, Prof. Babagana Zulum, on the military to recapture some local governments in the state from insurgent… Read More
2019-12-24 07:50
Rivers State Governor, Chief Nyesom Wike, has declared that the Soku oil wells belong to the government and people of Rivers State as affirmed by the Federal High Court and based on the admi… Read More
2019-12-24 07:40
The Central Bank of Nigeria (CBN) has urged customers not to pay N50 charged to businesses for using point of sale (PoS) machines. A Director in CBN’s Payment System Management Departm… Read More
2019-12-24 07:32
President Muhammadu Buhari yesterday named Prof. Adeolu Akande as the new Chairman of Nigerian Communications Commission (NCC) Board of Commissioners. Akande, who hails from the South-west… Read More
2019-12-23 15:12
The Lagos State Police Command has explained that House of Representatives member, Shina Peller was detained and arrested for allegedly mobilising thugs to invade a police station. The Punch… Read More
2019-12-23 15:03
Justice Ahmed Mohammed of the Federal High Court, Abuja, on Monday, recused himself from a suit brought by Omoyele Sowore, Convener, #RevolutionNow, currently before him. Mohammed made this… Read More
2019-12-23 14:45
The National Insurance Commission (NAICOM) has lamented the over concentration of brokerage firms in major cities and reliance on government accounts. The Acting Commissioner for Insurance… Read More
2019-12-23 14:39
The momentum of activities at the Nigerian equities market has increased as investors opened up more orders in early positioning for the often-expected Santa Claus rally. Investors staked N1… Read More
2019-12-23 14:31
Nigeria will lose more revenues from energy exports once Niger Republic starts generating her own electricity, it was gathered at the weekend. Aside Niger Republic, the country, according to… Read More
2019-12-23 09:54
The Governor of Bayelsa State, Hon. Seriake Dickson, for the first time at the weekend publicly responded to what he said were public outbursts against him and the people of Bayelsa by his R… Read More
2019-12-23 09:40
The Executive Secretary, National Sugar Development Council (NSDC), Dr. Latif Busari, has appealed to major operators in the nation’s sugar sub-sector to remain faithful to the impleme… Read More
2019-12-23 09:14
The stock market attracted N15.504 billion worth of investment staked on 1.381 billion shares in 14,528 deals last week, up from the N14.628 billion invested in 1.044 shares in 14,974 deals… Read More
2019-12-21 14:52
President Muhammadu Buhari on Saturday in Abuja held bilateral talks with some leaders of Economic Community of West African States (ECOWAS). The News Agency of Nigeria (NAN) reports that th… Read More
2019-12-21 14:38
Fitch Ratings has revised the outlook on Nigeria’s long-term foreign currency issuer default rating (IDR) to ‘Negative’ from ‘Stable,’ but affirmed the country… Read More
2019-12-21 14:07
Ten governors on the platform of the Nigerian Governors Forum (NGF) friday visited the Dangote Refinery and Petrochemicals at Ibeju-Lekki in Lagos, stating that it is a pride to Nigeria and… Read More
2019-12-20 13:58
Oil prices fell slightly on Friday but were still set for a third straight weekly gain after easing U.S.-China trade tensions lifted business confidence and the outlook for global economic g… Read More
2019-12-20 13:49
An FCT High Court, Maitama, on Friday granted the request of the Economic and Financial Crimes Commission (EFCC) to detain Mohammed Adoke, former Attorney General and Minister of Justice for… Read More
2019-12-20 13:40
Following the affirmation by the Supreme Court, of the disqualification of Uche Nwosu, governorship candidate of the Action Alliance in the 2019 governorship election in Imo State, Governor… Read More
2019-12-20 13:32
Low revenue will constrain the implementation of the 2020 budget, Minister of Finance. Budget and Panning Mrs Zainab Ahmed said on Thursday. She noted that 44 per cent of projected revenue w… Read More
2019-12-20 10:18
The federal government has abandoned the transit facility, which was aimed at hosting transit passengers connecting flights to West and Central African countries on arrival at the Murtala Mu… Read More
2019-12-20 10:08
Freight forwarders operating in the Lagos ports have called on the Nigerian Ports Authority (NPA) to re-arrange its call-up system, stressing that the current system has failed. The NPA intr… Read More
2019-12-20 09:55
The Chairman of Lagos Deep Offshore Logistics base (LADOL), Mr. Ladi Jadesimi, has described the global maritime industry as holding vast untapped potential for growth and wealth creation. J… Read More
2019-12-20 09:41
The Minister of Power, Alhaji Saleh Mamman, thursday inaugurated a Special Task Force Committee on Electric Power Sector to address the country’s power challenges. The inauguration of… Read More
2019-12-20 09:23
President Muhammadu Buhari thursday ordered the reconstitution of the Board of the Niger Delta Development Commission (NDDC), effectively sacking the new board led by Pius Odubu, which has s… Read More
2019-12-19 15:15
The 2019 Nigeria banking industry customer experience survey report recently published by KPMG Nigeria showed that Ecobank Nigeria recorded significant improvement in the SME segment of the… Read More
2019-12-19 08:48
Nigeria, China and other countries contributed to the Global debt that stands at $188 trillion, the International Monetary Fund (IMF) disclosed. The IMF, in its new update on… Read More
2019-12-19 08:39
Nigeria’s pension asset grew by N228 billion in October 2019 to end the month with an asset value of N9.81 trillion, according to the latest data from the Pension Commission of Ni… Read More
2019-12-19 08:30
Nigeria spent a whopping N1.13 trillion on petrol importation between January and September 2019, latest report released by the National Bureau of Statistics (NBS) revealed. The re… Read More
2019-12-19 08:23
The Federation Accounts Allocation Committee (FAAC) has shared a total of N635.826 billion to the three tiers of government for the month of November 2019. This was announced at the FAAC mee… Read More
2019-12-19 08:16
THE Nigerian Communications Commission (NCC), Office of the National Security Adviser (ONSA) and the Nigerian Civil Aviation Authority (NCAA) yesterday in Lagos met to hamonise regulation th… Read More
2019-12-19 08:08
House Democrats on Wednesday impeached President Trump for abusing his power, the first of two impeachment articles the lower chamber is poised to adopt in historic votes alleging the presid… Read More
2019-12-19 07:55
The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday called on state governors to help the country stop the $500 million of scarce foreign exchange being expended on… Read More
2019-12-19 07:46
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, wednesday put the amount so far released to fund the capital expenditure (capex) in the 2019 budget at N1.2 trillion… Read More
2019-12-19 07:40
Human rights lawyer and Senior Advocate of Nigeria (SAN), Mr. Femi Falana, wednesday threatened to drag President Muhammadu Buhari to court if he awards oil blocks to individuals. Falana als… Read More
2019-12-18 07:47
The Kano State Chief Judge, Justice Nura Sagir, on Tuesday, rejected an application to restrain Governor Abdullahi Ganduje from implementing the state’s Emirate Council Laws of 2019. A… Read More
2019-12-18 07:33
Commercial banks and merchant banks have accessed N319.28 billion loan from the Central Bank of Nigeria (CBN) to control their liquidity positions and maintain industry stability, the CBN Ec… Read More
2019-12-18 07:24
Nigeria’s annual inflation stood at 11.85 per cent in November, up from 11.61 per cent in October, the National Bureau of Statistics (NBS) said on Tuesday. A separate food price index… Read More
2019-12-18 07:17
The Lagos State Government on Tuesday commenced the sale of its popular brand of rice, Lake Rice, in preparation for the coming Christmas celebration with the formal flagged off of the exerc… Read More
2019-12-18 06:52
The Nigerian Stock Exchange (NSE) has warned newly inducted stockbrokers against unethical practices as the Exchange will not hesitate to sanction any stockbroker that violates its rules. Ch… Read More
2019-12-18 06:45
…President ‘won’t compromise electoral process’ …Aisha, Tinubu, governors greet Buhari at 77 The race to succeed him in 2023 got his attention on Tuesday as P… Read More
2019-12-18 06:40
Federal lawmakers got a huge pat on the back on Tuesday from President Muhammadu Buhari for swiftly passing the 2020 Budget, “the earliest” since the return to democracy 20 years… Read More
2019-12-17 07:18
President of the Senate, Ahmad Lawan, on Monday, explained why the Senate would approve the $29.96bn loan request of the President, Major General Muhammadu Buhari (retd). Lawan, who stated t… Read More
2019-12-17 07:06
The Nigerian Army on Monday redeployed 20 Major Generals and more than 10 Brigadier Generals in a major shakeup, which, it said, would reinvigorate the system for greater efficiency. The red… Read More
2019-12-17 06:55
A total of 586 firms have submitted bids for selection as private vendors to partner the National Identity Management Commission in the provision of data capture and National Identity Number… Read More
2019-12-17 06:48
The Chartered Institute of Bankers of Nigeria says it is committed to building capacity for entrepreneurs in the country. The President, CIBN, Dr Uche Olowu, spoke during the institute&rsquo&hell…Read More
2019-12-17 06:39
The nation’s stock market opened the week with a N76.6bn gain as the All-Share Index rose by 60 basis points to settle at 26,695.18bps following major price appreciation in Dangote Cem… Read More
2019-12-17 06:32
The three refineries owned by the Federal Government lost a total of N111.27bn from January to September this year, the Nigerian National Petroleum Corporation said in its September report… Read More
2019-12-16 14:32
Ecobank Nigeria is partnering with Lagos State Ministry of Environment on Waterfront Clean Up Program to enhance the preservation of marine Ecosystem and effectively facilitate socio… Read More
2019-12-16 10:05
The Obafemi Awolowo University, Ile-ife has lost another member of its academic staff, making it three in a space of one week. A release by the Public Relations Officer of the University, Mr… Read More
2019-12-16 09:51
As businesses and individuals count the cost of last week’s strike by electricity workers, records obtained yesterday from the office of the Vice President, Prof. Yemi Osinbajo has sho… Read More
2019-12-16 06:50
TOTAL net asset of collective investment schemes and funds in Nigeria has risen by N348 billion to N993 billion, an increase of about 54 per cent in a year. Official reports coordinated by N… Read More
2019-12-16 06:45
Lagos State Government said on Sunday the first phase of its 27-kilometre blue line rail system would be test-run by December next year. The first phase of the project covers Mile 2 to Orile… Read More
2019-12-16 06:37
Minister of Finance, Budget & National Planning, Zainab Ahmed said Dangote Petroleum Refinery will stablise the micro economy by saving the nation 11 billion dollars that would otherwise… Read More
2019-12-16 06:19
The International Air Transport Association (IATA) has disclosed that carbon emission per passenger has declined by more than 50 per cent since 1990. The world body explained that much of th… Read More
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