2019-10-18 10:25
Troops of the Nigerian Army on Operation Thunder Strike have killed one bandit said to be a kidnapper on Kaduna-Abuja highway. The troops also rescued three villagers abducted from their far… Read More
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2019-10-18 07:45
A portal of the National Insurance Commission (NAICOM) that will integrate all insurance transactions in the insurance industry into a single hub will go live next year, its Acting Com… Read More
2019-10-18 07:34
The local currency, naira, traded on a flat note at both the parallel market and interbank market of the Central Bank of Nigeria on Thursday. While the naira was exchanged at N306.90 to a do… Read More
2019-10-18 07:27
MTN Nigeria and Nestle Nigeria Plc have supported this year’s celebration of the World Teachers Day. A statement obtained on Thursday said the companies’ sponsorship of the event… Read More
2019-10-18 07:23
The National Council on Privatisation has approved Transcorp Power Consortium as the preferred bidder for the Afam Electricity Generation Company (Afam Power Plc and Afam Three Fast Power Li… Read More
2019-10-18 07:19
FMDQ OTC Securities Exchange recorded a turnover of N179tn in nine months. Data obtained from the FMDQ on Thursday showed that the exchange recorded N15.08tn turnover in January, N19.18tn in… Read More
2019-10-18 07:16
The Nigerian Stock Exchange has called for an increase in collaboration with capital market operators. The Chief Executive Officer, NSE, Mr Oscar Onyema, while speaking during the closing go… Read More
2019-10-18 07:12
The United Nations Industrial Development Organisation is to invest $60m in about nine sectors in Nigeria. A statement issued in Abuja on Thursday by the Federal Ministry of Works and Housin… Read More
2019-10-18 07:08
The Bilateral Air Service Agreements between Nigeria and other countries around the world have risen to 92, just as there are indications some state governments are mounting pressure on the… Read More
2019-10-18 07:04
The Federation Account Allocation Committee has shared a total of N693.529bn to the three tiers of government for the month of September 2019. The amount comprises revenue from the Value Add… Read More
2019-10-18 07:00
Guaranty Trust Bank Plc has declared a profit before tax of N170.7bn for the period ended September 30, 2019. The bank’s financial statement revealed that the PBT grew by 3.9 per cent… Read More
2019-10-17 09:53
THE Ghanaian Government on Wednesday urged the Federal Government to reconsider its stand on border closure with nighbouring West African countries. Ghanaian Minister of Foreign Affairs and… Read More
2019-10-17 09:49
CHIEF of Staff to Governor Godwin Obaseki, Taiwo Akerele, has faulted claims that the governor did not continue with his predecessor’s projects and policies. Akerele said it was not pr… Read More
2019-10-17 09:46
The Federal Government and Organised Labour again failed to reach an agreement on the full implementation of the new minimum wage after it resumed negotiations on the consequential adjustmen… Read More
2019-10-17 09:38
The National Assembly has drastically reduced the salaries and allowances of over 3,000 Legislative Aides serving in the Ninth National Assembly. The aides, who are hired by the 109 senators… Read More
2019-10-17 09:35
BOARD members of some insurance firms have interfered in management functions and contributed to their problems, the Acting Commissioner, National Insurance Commission (NAICOM), Mr. Sunday T… Read More
2019-10-17 09:31
THE Senate on Thursday faulted the Central Bank of Nigeria (CBN’s) Anchor Borrowers Programme (ABP), insisting that the apex bank was not in the position to implement it. The Chairman… Read More
2019-10-17 09:29
Seplat Petroleum Development Company Plc has acquired Eland Oil & Gas Plc for a cash value of £382 million. Seplat, in a statement, noted that the boards of Seplat and Eland reache… Read More
2019-10-17 09:25
The Debt Management Office has said that the Federal Government will auction N150bn worth of bonds by subscription on October 23. A circular by the DMO on Wednesday showed the breakdown of t… Read More
2019-10-17 09:22
NO fewer than 35 saloon cars worth N350m were said to have been won out of the 43 on offer in the extended on-going Dangote Cement national consumer promotion tagged “Bag of Goodies.&r&hell…Read More
2019-10-17 09:18
The Federal Executive Council has approved N5.4bn for the construction of oil and gas parks and indoor shooting range for aviation security. The Minister of State for Petroleum, Chief Timipr… Read More
2019-10-17 09:15
Dangote Petroleum Refinery and Petrochemicals Company has empowered 200 youths from Ibeju-Lekki community in Lagos State with vocational skills. The beneficiaries have undergone various skil… Read More
2019-10-17 09:12
AIICO Insurance Plc says it has received shareholders’ approval to increase its authorised share capital from N10bn to N18bn. A statement from AIICO said this was in line with the comp… Read More
2019-10-17 09:09
Ikeja Electric Plc and Ikeja GRA Residents Association have signed a power purchase agreement that will enable the estate to have up to 24 hours of supply daily. The contract entails that th… Read More
2019-10-17 08:06
Access Bank says its expanded digital lending portfolio has given Nigerians quick and 24/7 access to funds for emergencies without any collateral, and has hit N1bn daily in loan value. The E… Read More
2019-10-17 07:58
Oil rose about 1.4 per cent on Wednesday, gaining support due to signs that the Organisation of Petroleum Exporting Countries and allied producers will continue to curb supplies in December… Read More
2019-10-16 10:23
Immediate past governor of Lagos State, Mr. Akinwunmi Ambode, on Tuesday failed again to appear before the State House of Assembly Ad-hoc Committee probing the activities of the last adminis… Read More
2019-10-16 10:13
THE foreign exchange restrictions placed on 43 items by the Central Bank of Nigeria (CBN) on Tuesday drew criticism from the International Monetary Fund (IMF). The policy is holding back For… Read More
2019-10-16 10:01
President Muhammadu Buhari has received the International Civil Aviation Organisation (ICAO) certificate for improved aviation security in the country. The Minister of Aviation, Hadi Sirika… Read More
2019-10-16 09:58
The Police Service Commission (PSC) has advised the public to disregard a list of candidates scheduled for training and allegedly released by the Nigeria Police Force (NPF) for recruitment i… Read More
2019-10-16 09:54
THE Federal Government cannot meet the demand of Labour in the new minimum wage regime, Minister of Labour and Employment Chris Ngige, said on Tuesday. According to him, the economy will gri… Read More
2019-10-16 09:43
Oil prices rose on Wednesday, tracking gains in equities, as investors pinned hopes on a potential Brexit deal between Britain and the European Union and on signals from OPEC and its… Read More
2019-10-16 09:37
THE Federal Government will be $1.5 billion richer after the passage of the Deep Offshore and Inland Basin Production Sharing Contract (Amendment) Bill by the National Assembly, Senate Presi… Read More
2019-10-16 09:33
Minister of Finance, Mrs Zainab Ahmed has advised the management of Asset Management Corporation of Nigeria (AMCON) led by Ahmed Kuru, Managing Director/Chief Executive Officer to… Read More
2019-10-16 09:29
TOTAL Exploration and Production Nigeria Limited has invested over $10 billion in the last five years in the country and supported over 50,000 students through its scholarship scheme. Its Ex… Read More
2019-10-16 09:21
The International Monetary Fund has advised the Central Bank of Nigeria to unify the country’s exchange rate system in order to avoid situations where public and private sector decisio… Read More
2019-10-16 07:57
The shareholders of LASACO Insurance Plc have granted the firm the approval to raise N10bn capital through special/private placement. They gave their approval during the firm’s 39thann… Read More
2019-10-16 07:50
The Consumer Price Index released by the National Bureau of Statistics on Tuesday showed inflation index rose to 11.24 per cent in September, barely a month after the border closure. The 11… Read More
2019-10-16 07:43
seplat Petroleum Development Company Plc has revealed plans to acquire Eland Oil and Gas Plc for N174.2bn (£382m). Seplat said this in a notice on Tuesday that the recommended cash acq… Read More
2019-10-16 07:40
The debt of the Asset Management Corporation of Nigeria may rise from the current value of N5tn to a N6.6tn by 2024. A legal consultant and Senior Partner, Olaniwun Ajayi -LP, Mr Muyiwa Balo… Read More
2019-10-16 07:35
The Central Bank of Nigeria says it destroyed unfit Naira currency notes worth N1.89tn in two years, 2017 and 2018. This was disclosed in the 2018 annual report of the Currency Operations De… Read More
2019-10-15 11:15
ALL Progressives Congress (APC) stalwart Asiwaju Bola Tinubu has described the former Solicitor-General of the Federation, Justice Yahaya Abiodun Jinadu, who died last Thursday a… Read More
2019-10-15 11:11
The Supreme Court has expressed displeasure at what it called unwarranted attacks by a group – Coalition of United Political Parties (CUPP) – preparatory to its hearing of an app… Read More
2019-10-15 11:08
FIVE hundred members of the People’s Democratic Party (PDP) on Sunday defected to the All Progressives Congress (APC) in Lokoja Local Government Area of Kogi State. The defectors, who… Read More
2019-10-15 11:04
THE All Progressives Congress (APC) in Kogi State has dismissed former Senate President Dr. Bukola Saraki as not possessing enough influence to save the People’s Democratic Party (PDP)… Read More
2019-10-15 11:01
President Muhammadu Buhari on Tuesday received briefings from the Minister of Special Duties and Inter-governmental Affairs, George Akume. The closed door meeting started at the President&rs&hell…Read More
2019-10-15 10:58
A businessman, Ola Lawal, who allegedly defrauded Flour Mill Plc of N46 million, was on Monday brought before a Federal High Court in Lagos. Lawal and his firm, DCAN Oil and Gas Ltd, were ar… Read More
2019-10-15 10:55
NIGERIA earned $338.17 million from cocoa and cocoa products last year, the Nigerian Export Promotion Council (NEPC) has said. Also, cocoa accounted for 20.8 per cent of total of non-oil exp… Read More
2019-10-15 10:49
The Miners Association of Nigeria has blamed the Bank of Industry for the failure to disburse the N2.5bn Solid Minerals Development Fund. The fund was established in 2016 to help build the c… Read More
2019-10-15 10:46
The Nigerian National Petroleum Corporation has blamed the moribund state of the country’s refineries on lack of proper maintenance of its facilities over the years. Although the NNPC… Read More
2019-10-15 10:41
The Nigeria Customs Service on Monday announced an indefinite ban on importation and exportation of goods through the land borders. Comptroller-General, NCS, Col. Hameed Ali (retd), who stat… Read More
2019-10-15 08:05
Julius Berger Nigeria Plc has announced its diversification into the oil and gas industry by acquiring a 20 per cent equity stake in Petralon Energy Limited. The firm said in a statement on… Read More
2019-10-15 07:59
The Pension Funds Administrators increased the pension funds invested in the banking sector to N1.03tn as of the end of July. Figures obtained from the National Pension Commission revealed t… Read More
2019-10-15 07:55
The Nigerian Stock Exchange says a total of N70m was repatriated from capital market fraud to investors in 2018. The Chairman, NSE, Mr Abimbola Ogunbanjo, said this during the NSE&rsqu&hell…Read More
2019-10-15 07:50
The Debt Management Office has listed a N15bn Green Bond on the Nigerian Stock Exchange. The NSE said it listed the N15bn bond on its daily official list on Monday. This follows the debut of… Read More
2019-10-15 07:47
The Federal Government has spent the sum of N3.39tn within the first six months of this year to finance the 2019 budget. She gave the indication in Abuja on Monday during a public presentati… Read More
2019-10-14 11:54
The Federal Government is committed to take 100 million Nigerians out of extreme poverty in the next 10 years, it has been learnt. President Muhammadu Buhari was quoted to have made the prom… Read More
2019-10-14 11:50
THE Nigeria Labour Congress (NLC) on Sunday gave a four-day ultimatum to the Federal Government to accept its demand for the consequential adjustment of salaries, based on the new minimum wa… Read More
2019-10-14 11:47
Northern youths under the auspices of Arewa Youth Assembly (AYA) have risen from an extraordinary meeting in Kaduna at the weekend, passing vote of confidence on Executive Chairman, Federal… Read More
2019-10-14 11:44
A Federal High Court in Lagos has declined to stop the Federal Government from demanding that an oil and energy firm, Star Deep Water Petroleum Ltd, explain its role in an alleged missing cr… Read More
2019-10-14 11:40
After over five months of intense lobbying, Kano Governor, Dr. Abdullahi Umar Ganduje has put finishing touches to the list of his much-awaited cabinet. It was gathered that some members of… Read More
2019-10-14 10:16
The Central Bank of Nigeria (CBN) has issued new operating guidelines for Indirect Participants in Payments System. In a circular to Deposit Money Banks and Other Financial Institutions, the… Read More
2019-10-14 10:11
Struggling with losses of about N1.83 trillion, authorities at the Nigerian Stock Exchange (NSE) at the weekend cancelled its three-tier share pricing methodology that allowed smaller trades… Read More
2019-10-14 10:08
No fewer than 510 communities in 454 local governments have so far benefited from MTN Foundation intervention programmes, in partnership with public spirited-persons, the Director of the Fou… Read More
2019-10-14 10:04
SUNU Assurances Nigeria Plc, a member of SUNU Group, says it will exceed the N10bn regulatory requirements on recapitalisation to underwrite all classes of general business. In a statement… Read More
2019-10-14 08:03
The Federal Government is planning to refund the core investors in Yola Electricity Distribution Company the sum of N26.9bn. The refund is expected to be made in the 2020 fiscal year. The N2… Read More
2019-10-14 07:57
The Association of Bureaux De Change Operators of Nigeria has called for a downward review of the cash processing fees introduced by the Central Bank of Nigeria under the cashless policy. In… Read More
2019-10-14 07:53
Chevron Nigeria Limited has signed a gas sale and aggregation agreement with Olorunsogo Generation Company Limited, Niger Delta Power Holding Company Limited and Gas Aggregation Company Nige… Read More
2019-10-14 07:50
The price of Brent, which is the crude Nigeria’s oil is priced, appreciated on Sunday to $60.51 per barrel. This came as Nigeria’s team met with leaders of crude oil producing na… Read More
2019-10-14 07:42
The Executive Director, Operations and Information, Fidelity Bank Plc, Gbolahan Joshua, has advised data validation agencies and organisations to adopt appropriate policies that provide fina… Read More
2019-10-14 07:38
United Bank for Africa has rewarded another 20 customers who emerged winners in the final draw of the UBA Wise Savers Promo with N1.5m each, bringing the total amount won by 80 customers for… Read More
2019-10-11 12:18
The chairman of Kano state Correspondent Chapel, Nigeria Union of Journalists (NUJ), Ibrahim Shuaibu, on Thursday night escaped being lynched in Kano as hoodlums attacked him with dangerous… Read More
2019-10-11 12:15
A FEDERAL High Court in Abuja has ordered the permanent forfeiture of N601million found in two accounts maintained by a government official, Okunrinboye Tomsin Titus. Following Justice Giwa… Read More
2019-10-11 12:11
Wife of the President, Hajiya Aisha Buhari, will be the ‘Mother of the day’ and declare open the 2019 National Women’s Conference organised by the Committee of Wives of Lag… Read More
2019-10-11 12:06
The World Bank-assisted Community and Social Development Programme (CSDP) has earmarked N500 million for provision of support to 50 communities affected by Boko Haram insurgents in Borno. Al… Read More
2019-10-11 11:56
Senate President Ahmed Lawan on Friday warned any Minister or Head of Government Agency who failed to defend their budget by the end of October will not be given another opportunity by the N… Read More
2019-10-11 11:08
Union Bank Plc, Lafarge Africa Plc and 22 other companies listed on the Nigerian Stock Exchange suffer free float deficiencies. Free float represents the portion of shares of a corporation t… Read More
2019-10-11 11:02
The total foreign trade of agricultural goods recorded in the country amounted to N323.4bn between April and June 2019. N73.5bn or 22.7 per cent of this figure was exported while N249.95bn w… Read More
2019-10-11 10:59
The Minister of Works and Housing, Babatunde Fashola, has said that 85 per cent of the Value Added Tax to be raised in the 2020 budget will go back to the states and local governments areas… Read More
2019-10-11 10:55
The local currency, naira appreciated against the dollar at the interbank segment of the foreign exchange market to N306.95 on Thursday from N307 against the dollar it opened this month. Our… Read More
2019-10-11 10:50
The Federal Government has signed a $3.9bn contract with the China Railway Construction Corporation Limited for the construction of a new Abuja-Itakpe-Lokoja rail line. The rail line will pa… Read More
2019-10-11 08:03
EXPERTS in the metallurgical sector on Thursday said the Federal Government can earn $280 billion and $12 billion from the iron ore and lead reserve in the country respectively… Read More
2019-10-11 07:59
THE Federal Government has so far generated N2 billion from mineral titles in the mining sectors. Director-General, Nigeria Mining Cadastre Office (MCO), Mr Obadiah Nkom who disclosed this a… Read More
2019-10-11 07:53
THE Nigerian Ports Authority (NPA) has raked in over N300billion from the Lagos Port Complex in the last two months, it was learnt. The cash was realised between July and August this year. S… Read More
2019-10-11 07:22
NIGERIAN Breweries (NB) said it is committed to expanding education across the country by developing and raising the standard of education using the Felix Ohiwerei Educational Trust Fund. Wi… Read More
2019-10-11 07:19
ACCESS Bank Plc has partnered with Star Lager Beer to unveil ‘Access The Stars’. The scheme will enable the firms to discover new music talents across the country. It will… Read More
2019-10-10 13:23
Deputy Senate President Ovie Omo-Agege on Wednesday urged Nigerians to support the National Assembly’s efforts to enact an effective law against sexual harassment in workplaces and edu… Read More
2019-10-10 13:18
A 40- year-old teacher, Charles Adetunji, on Thursday appeared before an Ikeja Chief Magistrates’ Court for allegedly aiding a student to write her West Africa Senior School Certificat… Read More
2019-10-10 13:05
Thirty-six days to the Kogi governorship election, the chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, on Thursday, arrived Lokoja, the Kogi State cap… Read More
2019-10-10 12:56
The Chairman of the Presidential Advisory Committee Against Corruption (PACAC), Prof. Itse Sagay, on Thursday declared that about N1 trillion has been recovered from proceeds of corruption p… Read More
2019-10-10 12:53
The Independent National Electoral Commission (INEC ) says it has deployed 26,000 ad hoc staff for the Nov. 16, Kogi and Bayelsa governorship poll. INEC Chairman, Prof. Mahmood Yakubu said t… Read More
2019-10-10 12:32
The Nigerian Stock Exchange and the Luxembourg Stock Exchange have signed a Memorandum of Understanding to cooperate in promoting cross listing and trading of green bonds in Nigeria and Luxe… Read More
2019-10-10 12:29
Airtel Africa Plc has announced a partnership with Mastercard to give over 100 million Airtel mobile phone users across 14 African countries access to Mastercard’s global network. The… Read More
2019-10-10 12:21
The Nigerian electricity supply industry lost a sum of N472.23bn between January and September this year, according to reports put together by the Advisory Power Team in the Office of the Vi… Read More
2019-10-10 12:17
Ikeja Electric Plc has inaugurated its franchise centres at six locations as part of its strategy to improve service delivery to customers. The locations, Olowora, Ikosi, Arepo, Bariga, Ketu… Read More
2019-10-10 11:53
The World Bank and the International Monetary Fund on Wednesday faulted Nigeria’s economic recovery claim, and listed Nigeria among some African countries with weak economic recovery… Read More
2019-10-10 11:49
Despite low-yield environment, four leading banks generated N281bn from investing in Treasury Bills and Federal Government bonds in a half year ended June 30, 2019 audited result and account… Read More
2019-10-10 08:07
A N3-billion high-tech greenhouse nursery that is capable of producing between 300 and 350 million tons of hybrid tomatoes seedlings has been established as part of Dangote Tomatoes Pr… Read More
2019-10-10 08:02
THE Nigerian National Petroleum Corporation (NNPC) has raised an alarm on the increasing menace of oil pipeline vandalism which rose to 228 points in July this year alone. Its July, 20… Read More
2019-10-10 07:57
TOTAL external debt of low- and middle-income countries climbed 5.3 percent to $7.8 trillion last year, while net debt flows (gross disbursements minus principal payments) from external cred… Read More
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