2020-02-13 08:32
The Central Bank of Nigeria (CBN)-led Monetary Policy Committee (MPC) has raised concerns over Nigeria’s rising debt and debt service cost. An MPC member, Okwu Nnanna, said in his pers… Read More
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2020-02-13 08:27
Bureau of Public Enterprises (BPE) Director-General Mr. Alex Okoh on Wednesday called on stakeholders in the Nigerian Electricity Supply Industry (NESI) to address the non-cost reflective ta… Read More
2020-02-13 08:15
The House of Representatives on Wednesday asked President Muhammadu Buhari to declare a state of emergency on security. It also called for investigation into the reported low morale of front… Read More
2020-02-13 07:29
The Ooni of Ife, Oba Ogunwusi and the Sultan of Sokoto, Sa’ad Abubakar have expressed the readiness of traditional rulers to partner the Federal Government in tackling the security cha… Read More
2020-02-13 07:22
Hard times await tax evaders this year, the Federal Inland Revenue Service (FIRS) has said. The agency has launched a national intelligence gathering system to prevent tax evasion. The syste… Read More
2020-02-13 07:08
The Federal Government has acquired necessary reagents to test suspected cases of the Coronavirus Disease (Covid) in Nigeria, Health Minister Osagie Ehanire said on Wednesday. Besides, Dr. E… Read More
2020-02-13 06:59
Lagos State Governor Babajide Sanwo-Olu yesterday appealed to the Federal Government to ensure that the ongoing rehabilitation of Lagos-Badagry Expressway meets international standard. Sanwo… Read More
2020-02-13 06:50
Minister of State for Petroleum Resources, Chief Timipre Slyva, said on Wednesay that about one billion Barrels of Crude oil have been discovered in the Northeast. Sylva spoke at a news conf… Read More
2020-02-13 06:32
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has called on African countries, particular leaders and oil and gas players in the conti… Read More
2020-02-13 06:20
The Bureau of Public Enterprises (BPE) wednesday warned against the ongoing clamour for the federal government to re-nationalise already privatised power assets of generating companies (Genc… Read More
2020-02-12 12:58
Minister of Works and Housing, Babatunde Fashola, has charged contractors working on the dualisation of the Lokoja-Auchi-Benin road to ensure that road users are not subjected to hardship wh… Read More
2020-02-12 12:38
Production level, new orders, supplier delivery time, employment level and raw materials inventories grew at a slower rate in January 2020. The Central bank of Nigeria disclosed in its Purch… Read More
2020-02-12 12:29
The Nigeria Labour Congress has called for the immediate release of the publisher of the Cross River Watch, Mr Agba Jalingo. Jalingo has reportedly been incarcerated at the Calabar Cor… Read More
2020-02-12 12:12
The Department of Petroleum Resources (DPR), Warri Zonal Office has sealed 10 gas plants and 40 gas retail shops over various offences in Delta. The Manager, Gas Division, Warri, Engr. Victo… Read More
2020-02-12 12:01
The Central Bank of Nigeria (CBN) has once again injected the sum of $210 million into the interbank foreign exchange market to boost liquidity in the sector. The Bank disclosed that of this… Read More
2020-02-12 11:24
The strain of Coronavirus that has killed 1,018 persons and infected 43,141 others across 28 countries has been given the name ‘Covid-19’ by the World Health Organisation (WHO)… Read More
2020-02-12 11:12
In a display of solidarity, Nobel Laureate, Prof. Wole Soyinka, and former chairman of the National Human Rights Commission, Prof. Chidi Odinkalu, are currently at the Federal High Court Abu… Read More
2020-02-12 10:58
For the ninth year in a row, the President of Dangote Group, Alhaji Aliko Dangote, has been declared as the wealthiest person in Africa, with an estimated net worth of $10.1billion. In the l… Read More
2020-02-12 08:32
PENSION fund assets at December last year have hit N10.22 trillion. It was N9.99 trillion in November of the same year. The investment of the fund followed the same pattern as the previous m… Read More
2020-02-12 06:25
As the harmattan haze returns to parts of the country, the Director, Consumer Protection Council of the Nigerian Civil Aviation Authority, Adamu Abdullahi, has said flight delays and cancell… Read More
2020-02-11 06:38
The Federal Government has advised unemployed graduates who are seeking government jobs to look elsewhere, saying there are more sustainable lucrative ventures outside their focus. The Minis… Read More
2020-02-11 06:31
The Federal Government on Monday inaugurated a Project Delivery Committee for the implementation of the 3,050MW Mambilla Hydroelectric Power Project. Minister of Power, Saleh Mamman, who als… Read More
2020-02-11 06:21
The House of Representatives has summoned the Accountant-General of the Federation, Ahmed Idris; and Director-General of Bureau of Public Procurement, Mamman Ahmadu, to appear before it and… Read More
2020-02-11 06:08
Between January and December 2019, the Federal Government generated the sum of N1.17tn from Value Added Tax. When compared to the target of N1.7tn set by the Federal Government in the 2019 b… Read More
2020-02-11 05:58
The Minister of Labour and employment, Dr Chris Ngige, on Monday met leaders of the National Union of Electricity Employees in Abuja in a conciliation meeting over the 14-day ultimatum issue… Read More
2020-02-11 05:50
The equities market closed on Monday on a negative note, declining by 1.05 per cent as investors sold off shares from across the board. The Nigerian equities market have been hit by weak sen… Read More
2020-02-11 05:41
The Nigerian National Petroleum Corporation has assets worth over $20bn, its Group Managing Director, Mr Mele Kyari, said on Monday, even as he decried the continued importation of petroleum… Read More
2020-02-11 05:33
Suspected Boko Haram on Sunday killed no fewer than 30 people, majorly late travellers in a Borno village. Villagers said the victims arrived at the military checkpoint leading into Maidugur… Read More
2020-02-11 05:22
The Joint Admissions and Matriculation Board has said that a total of 1,434,632 candidates have registered for the 2020 Unified Tertiary Matriculation Examination. The JAMB said this in a bu… Read More
2020-02-11 05:13
The North accounted for 87 per cent of all the poor people in Nigeria in 2016, the World Bank has disclosed in a new report. The report titled ‘Advancing social protection in a dynamic… Read More
2020-02-08 20:40
Eric Agba, a 27-year-old man was on Friday remanded at a correctional facility by an Ebonyi State magistrates’ court sitting in Abakaliki for allegedly operating an illegal bank accoun… Read More
2020-02-08 06:38
PRESIDENT Muhammadu Buhari says the Nigerian Constitution barred him from interfering in the dispute between Gov. Abdullahi Ganduje and the Emir of Kano, Muhammadu Sanusi II. The News Agency… Read More
2020-02-08 06:23
Nigerian airlines and their counterparts across Africa recorded a five per cent demand increase in 2019, the International Air Transport Association, has said. According to the I… Read More
2020-02-08 06:04
The Executive Chairman of the Federal Inland Revenue Service, Mr Muhammad Nami, has said that the tax collection reform currently being implemented by the service under his watch will… Read More
2020-02-07 09:43
The nation’s stock market witnessed a rebound on Thursday as investors gained N174.4bn on the back of gains in the banking sector. Analysts at Afrinvest Securities Limited said major p… Read More
2020-02-07 09:35
The technical committee of the Organisation of Petroleum Exporting Countries and its allies have recommended a 600,000 barrel per day production cut in an attempt to counter falling demand d… Read More
2020-02-07 09:29
The House of Representatives Committee on Aviation has met with the management of the Federal Airports Authority of Nigeria and aviation union leaders over the termination of Intelligent Ima… Read More
2020-02-07 09:15
The Nigeria Customs Service has said it will hand over the $8,065,612m intercepted at the Murtala Muhammed International Airport, Lagos to the Economic and Financial Crimes Commission and th… Read More
2020-02-07 09:01
Nigeria’s external reserves recorded a decline of $4.47bn from $42.54bn as of the beginning of 2019 to $38.07bn as of the end of December. The $4.47bn, according to data obtained from… Read More
2020-02-07 08:34
The Minister of Communications and Digital Economy, Dr Isa Pantami, has asked subscribers who have expressed concern over the additional charges on voice calls, SMS and data to direct their… Read More
2020-02-07 07:12
The Federal Government spent a total of $1.08bn (N400.90bn) on external debt servicing between January and September 2019. Data obtained from the Debt Management Office revealed that in the… Read More
2020-02-07 06:53
The Kaduna State Governor, Nasir El-Rufai, has revoked the Certificate of Occupancy belonging to the Durbar Hotel on Muhammadu Buhari Way by Independence Way in the state capital. The govern… Read More
2020-02-07 06:41
Human rights activist, Chief Mike Ozekhome (SAN), has lamented the refusal of the Economic and Financial Crimes Commission to release his client, Mr Bello Adoke, the immediate past Attorney… Read More
2020-02-07 06:31
President Muhammadu Buhari said on Thursday that his administration was on course in fulfilling its promise to end Boko Haram insurgency, banditry and kidnapping in the country. He stated th… Read More
2020-02-06 06:48
The House of Representatives has begun investigation of funds donated by international organisations to finance projects in the agriculture sector amounting to over $1bn. The probe by the Ho… Read More
2020-02-06 06:39
The Nigeria Employers’ Consultative Association has condemned moves by the Federal Government to borrow N2tn from the Pension Fund. The government had indicated the intention to borrow… Read More
2020-02-06 06:25
Minister of Communications and Digital Economy, Dr Isa Pantami, on Wednesday said the Federal Government was committed to a minimum of 70 per cent broadband penetration by 2025. The minister… Read More
2020-02-06 06:15
The Presidential Enabling Business Environment Council has introduced its fifth National Action Plan aimed at rapid implementation of reforms for further improvement of the ease of doing bus… Read More
2020-02-06 06:02
An individual may no longer be able to own more than three phone lines going by a directive handed down to the Nigerian Communications Commission by the Minister of Communications and Digita… Read More
2020-02-06 05:38
The Department of Petroleum Resources (DPR) has inaugurated its digitilisation initiative for downstream operations under its Automated Downstream System (ADS) programme. According to the DP… Read More
2020-02-06 05:30
There are indications that Organisation of Petroleum Exporting Countries (OPEC), and `its allies, especially Russia, will further cut oil supply by 500,000 barrels per day (bpd), a sit… Read More
2020-02-06 05:22
THE House of Representatives is poised to investigate the circumstances leading to the entrapment of N13 billion belonging to Nigeria Export Import Bank (NEXIM). The Chairman, House Committe… Read More
2020-02-06 05:15
THE Federal Government was eyeing the mining sector as an alternative source of revenue generation in the country, the Minister of Mines and Steel Development, Architect Olamilekan Adegbite… Read More
2020-02-06 05:08
THE Nigerian Supreme Council for Islamic Affairs (NSCIA) and the Christian Association of Nigeria differed on Wednesday on President Muhammadu Buhari’s assertion that 90 per cent of in… Read More
2020-02-05 08:42
The House of Representatives has decried the visa restrictions imposed on Nigerians by the United States. While the House said the sanction was preventable, parliament blamed the Federal Gov… Read More
2020-02-05 08:34
The Governor of Lagos State, Mr Babajide Sanwo-Olu, on Tuesday inaugurated 14 commercial ferries at the Badore Ferry Terminal, Ajah. The boats, according to a statement, can take up to 40 to… Read More
2020-02-05 08:20
The Nigeria Employers’ Consultative Association has declared that the challenge among jobseekers in Nigeria is their unemployability. The association insisted that there were many jobs… Read More
2020-02-05 08:12
The Standards Organisation of Nigeria on Tuesday destroyed substandard mobile phone accessories worth over N480m it seized from some importers. The seized items were destroyed at the Lagos W… Read More
2020-02-05 07:30
The Federal Government, on Tuesday, offered a two-year and three-year savings bonds for subscription. The Debt Management Office said in a circular that the bonds were backed by the full fai… Read More
2020-02-05 07:21
The nation’s stock market dipped by N52.1bn as major price depreciation in banking stocks led to sell-offs, which dragged the market lower. The market capitalisation of equities declin… Read More
2020-02-05 07:14
The House of Representatives has asked the Federal Airports Authority of Nigeria to explain why it remitted only N9bn out of about N75bn it generated between 2014 and 2019. The House asked t… Read More
2020-02-05 07:08
The Nigeria Customs Service on Tuesday said it intercepted $8,065,612m (N2.92bn) at the Murtala Muhammed International Airport, Lagos. The Comptroller General of Customs, Col. Hameed Ali (re… Read More
2020-02-05 06:58
Nigerian banks recovered N39.4bn non-performing loans from its debtors in the Information and Communications Technology sector in one year. As of September 2019, the NPL in the ICT sector st… Read More
2020-02-05 06:50
The Federal Government on Tuesday explained why it decided to approach the China-Exim Bank for a $17bn loan request. It said other lending institutions like the World Bank and the African De… Read More
2020-02-05 06:40
The President, Major General Muhammadu Buhari (retd.), has said that it is not true that Boko Haram insurgency has claimed the lives of more Christians than Muslims. He argued that the contr… Read More
2020-02-04 05:23
The House of Representatives has threatened to issue warrants of arrest for heads of ministries, departments and agencies for shunning its invitation to public and investigative hearings. Th… Read More
2020-02-04 05:13
The Federal Government has said it would review the concession of silos that were leased to private firms in the country. The Minister of Agriculture and Rural Development, Alhaji Muhammad N… Read More
2020-02-04 05:02
Poverty rate in more than half of the 36 states of the nation is above the national average of 69 per cent, the African Development Bank has said. The bank said this in its African Economic… Read More
2020-02-04 04:53
The Federal Government allocated 2.6 per cent of its total expenditure totalling N272.9bn to settle pending contract obligations in the 2020 budget, the Minister of Finance, Budget and Natio… Read More
2020-02-04 04:45
The Ambassador of the People’s Republic of China to Nigeria, Mr Zhou Pingjian, on Monday, said the embassy had stopped issuance of visas for now. The News Agency of Nigeria reports tha… Read More
2020-02-03 06:02
Christians on Sunday staged a nationwide protest against the resurgence of killings and general insecurity in the country. The “Prayer Walk” against insecurity was called by the… Read More
2020-02-03 05:49
The United States has said that it notified all foreign governments including Nigeria about the identity-management and information-sharing criteria in 2019. The government stated that the R… Read More
2020-02-03 05:41
A former senator, Buruji Kashamu, has said tax revenue from lotto industry can take Nigeria out of its economic woes if properly harnessed. Kashamu, who represented Ogun East Senatorial Dist… Read More
2020-02-03 05:32
The Federal Government has said it will provide farmers with 10,000 tractors to boost agricultural output in the country. The Minister of Agriculture and Rural Development, Alhaji Muhammad N… Read More
2020-02-03 05:25
The Nigerian Stock Exchange has launched a new index called the ‘Growth Board’ for the Small and Medium Enterprises. The Chief Executive Officer, NSE, Mr Oscar Onyema, while spea… Read More
2020-02-03 05:16
The Nigerian Institute of Quantity Surveyors has called for improved leadership qualities among members of the institute. President of the institute, Abba Tor, made the call at a recent lead… Read More
2020-02-03 05:05
The Lagos State Governor, Mr Babajide Sanwo-Olu, has said his administration will increase investment in low-cost housing to reduce housing deficit in the state. The governor made this known… Read More
2020-02-03 04:57
The Nigerian Economic Summit Group and the Financial Derivatives Company Limited, led by a foremost economist, Mr Bismarck Rewane, have raised concerns over the country’s high debt lev… Read More
2020-02-03 04:45
Vice-President Yemi Osinbajo has said the Federal Government cancelled the minimum tax for insurance sector to help the sector to grow. He said this in Abuja while delivering the National De… Read More
2020-02-03 04:38
The Nigerian Airspace Management Agency has threatened to withdraw its services from some airlines, as well as private and state-owned airports over debts. The agency on Sunday said it had i… Read More
2020-01-31 11:47
Policemen in three trucks have reportedly stormed the Federal Institute of Industrial Research Oshodi, Lagos. The policemen were said to have taken over the premises to stop the ongoing prot… Read More
2020-01-31 11:38
Weapons that have been used in intercommunal violence that has killed thousands of people in Nigeria were trafficked from Ivory Coast, Libya and Turkey. A new report by the Conflict Ar… Read More
2020-01-31 11:28
The Lagos State Government said on Thursday it had reached an agreement with the China Embassy in Nigeria to quarantine all Chinese returning to Lagos from their country to prevent the outbr… Read More
2020-01-31 11:18
The 36 states of the federation and the Federal Capital Territory recorded a total of N986.29bn as internally generated revenue between January and September 2019, the National Bureau of Sta… Read More
2020-01-31 10:56
The Nigerian Electricity Regulatory Commission on Thursday released an order seeking to remove tariff-related liabilities from the books of power distribution companies. In its order, NERC/1… Read More
2020-01-31 10:37
The Federal Government may represent the automotive bill to the National Assembly for consideration and passage. The bill was passed by the National Assembly in 2018 and sent to the Presiden… Read More
2020-01-31 10:28
The Federal Government expects additional $150bn to the foreign reserves in the next 10 years through the implementation of the zero-oil plan The Executive Director/Chief Executive, Nigeria… Read More
2020-01-31 10:19
Wines and spirit producers under the umbrella body of the Distillers and Blenders Association of Nigeria have announced a six-month campaign to tackle irresponsible and underage drinking amo… Read More
2020-01-31 10:11
Activities in the three major sectors of the economy are expected to drive growth in the Nigerian economy this year, experts have said. A renowned economist, Mr Bismarck Rewane, identified t… Read More
2020-01-31 09:58
A total of 150.4 million barrels of crude oil valued at N3.04tn was swapped for refined petroleum products by the Nigerian National Petroleum Corporation between September 2018 and September… Read More
2020-01-30 08:29
The Senate Committee on Banking, Insurance and Other Financial Institutions has screened Kingsley Obiora for the position of Deputy Governor of the Central Bank of Nigeria (CBN). The nominee… Read More
2020-01-30 08:21
The Inspector-General of Police, Mohammed Adamu, is to meet with South-West governors over Operation Amotekun. The six South-West governors set up the security outfit to complement the… Read More
2020-01-30 08:13
The Ondo State Government says Lassa fever cases are rising in the state because victims from the neighbouring states are trooping to the state for free treatment. The State Epidemiologist… Read More
2020-01-30 07:58
The Nigerian Electricity Management Services Agency has commenced a two-week training programme for 40 engineers in its employ to improve their capacity to work on meters. The Managing Direc… Read More
2020-01-30 05:42
The Council for Freight Forwarding in Nigeria has declared that the implementation of the Practitioners Operation Fee will fetch annual revenue of N5bn. The Registrar and Chief Executive Off… Read More
2020-01-30 05:32
The Federal Government on Wednesday announced that it would commence its agricultural mechanisation initiative in the next three months. It was also gathered in Abuja that the government of… Read More
2020-01-30 05:24
Nigeria has the lowest penetration of liquefied petroleum gas, popularly called cooking gas, despite being rich in gas resources, the Federal Government has said. The Minister of State for P… Read More
2020-01-30 05:14
The Nigeria Agricultural Quarantine Service on Wednesday said it had increased veterinary checks at airports in a bid to forestall the entry of the deadly coronavirus into the country. It sa… Read More
2020-01-30 04:57
The total debt owed to the World Bank Group by Nigeria rose by $1.3bn in one year to $9.81bn as of September 2019, latest data from the Debt Management Office showed on Wednesday. The Intern… Read More
2020-01-29 06:55
A review and detailed analysis of the NAV Summary Report, a publication by the Securities and Exchange Commission, has disclosed that Nigerian mutual funds attracted N520,418,401,269.22, in… Read More
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