CATEGORY: NEWS

CBN has so far disbursed N277.4 billion as Power and Airline Intervention Fund

CBN has so far disbursed N277.4 billion as Power and Airline Intervention Fund

The Central Bank of Nigeria (CBN) has made a cumulative disbursement of N277.4 billion...


NBS corruption survey shows N5300 is the average bribe paid in Nigeria

NBS corruption survey shows N5300 is the average bribe paid in Nigeria

In what may come as a shock to Nigerians, a household survey carried out...


Dangote plans to invest Up to $50 Billion in U.S., Europe

Dangote plans to invest Up to $50 Billion in U.S., Europe

In an interview with Bloomberg Market Magazine this month, Aliko Dangote revealed his intention...


NNPC says Nigeria’s cost of oil production is now $23 a barrel

NNPC says Nigeria’s cost of oil production is now $23 a barrel

The Nigerian National Petroleum Corporation (NNPC) says Nigeria now has an average cost of...


All the major economic news from Nigeria in 5 minutes-16/8/2017

All the major economic news from Nigeria in 5 minutes-16/8/2017

Summary of the top business economic and political news in Nigeria today. Director- General...


Gas shortage cut cement manufacturers output capacity by 36%

Gas shortage cut cement manufacturers output capacity by 36%

The Cement Manufacturer Association of Nigeria (CMAN) said the shortage in gas supply has...



SEC DG confirms it is in discussions with MTN about its listing

SEC DG confirms it is in discussions with MTN about its listing

Director- General of the Securities and Exchange Commission (SEC)  Munir Gwarzo has confirmed that...


Explained: This is why Micro Finance banks are skeptical about giving loans to businesses

Explained: This is why Micro Finance banks are skeptical about giving loans to businesses

In a recent discussion with journalists in Abuja, the President of the Micro Finance...


Benin and Niger Republic pay $152 million as part settlement for power supplied by Nigeria

Benin and Niger Republic pay $152 million as part settlement for power supplied by Nigeria

The Republics of Benin and Niger have paid $159 million as part settlement for...


CBN pumps fresh $364million into inter-bank Forex market

CBN pumps fresh $364million into inter-bank Forex market

The Acting Director of Corporate Communications, Central Bank of Nigeria (CBN), Mr Isaac Okorafor...


SEC says these fundamentals justify current bullish trend in the Nigerian stock market

SEC says these fundamentals justify current bullish trend in the Nigerian stock market

The recent OCE Policy Brief issued by the Securities and Exchange Commission shows that...


Nigerian telecoms sector gained $68 billion over the last 16 years

Nigerian telecoms sector gained $68 billion over the last 16 years

The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta has...


ADB, IDB, EU Others lend Nigeria $1.55 billion for power sector

ADB, IDB, EU Others lend Nigeria $1.55 billion for power sector

The Transmission Company of Nigeria has received  a $1.55 billion loan from a consortium...


Nigeria now produces 15million Tonnes of local rice

Nigeria now produces 15million Tonnes of local rice

The Director of Agriculture at the Kano office of the Federal Ministry of Agriculture,...


All the major economic news from Nigeria in 5 minutes-15/8/2017

All the major economic news from Nigeria in 5 minutes-15/8/2017

Summary of the top business, economic and political news in Nigeria today. Shell Petroleum...


Federal Government to raise N135 billion bonds next week

Federal Government to raise N135 billion bonds next week

The Federal Government is to raise N135 billion in bonds next week according to...


First Bank appoints Executive Director for FBN Bank UK Limited

First Bank appoints Executive Director for FBN Bank UK Limited

First Bank of Nigeria Limited has appointed Mr. Tosin Adewuyi as a Group Executive of...


States are free to generate and distribute energy, subject to NERC rules

States are free to generate and distribute energy, subject to NERC rules

State governments are free to generate and distribute their own power, subject rules by...


Good news for consumers as Distribution Companies get N37 billion for meters

Good news for consumers as Distribution Companies get N37 billion for meters

Electricity consumers may have cause to rejoice soon as the Federal Government has provided...


FIRS and Joint Tax Board collaborate to catch tax dodgers

FIRS and Joint Tax Board collaborate to catch tax dodgers

High network individuals who have been avoiding tax may be in trouble as the...


Lagos State raises N85 billion in bonds at 17% interest rate

Lagos State raises N85 billion in bonds at 17% interest rate

Lagos state commissioner of finance, Akin Ashade has confirmed that the state has raised...


All the major economic news from Nigeria in 5 minutes-14/8/2017

All the major economic news from Nigeria in 5 minutes-14/8/2017

Summary of the top business, economic and political news in Nigeria today. Custodian and...


Zenith Bank has taken a cover on 30% of its 9mobile loan – CEO

Zenith Bank has taken a cover on 30% of its 9mobile loan – CEO

The Chief Executive of Nigeria’s Zenith Bank, Peter Amangbo said on Monday that the...


CAC is currently delisting Nigerian companies from its database

CAC is currently delisting Nigerian companies from its database

The Registrar General of Corporate Affairs Commission (CAC), Bello Mahmud, has disclosed that the...


FEC finally approves payment of claims owed public servants since 2012

FEC finally approves payment of claims owed public servants since 2012

The Head of civil service, Mrs. Winifred Oyo-Ita, recently announced that the Federal Government...


Nigerian oil and gas projects to get more funds from Chinese banks

Nigerian oil and gas projects to get more funds from Chinese banks

The NNPC Group Managing Director, Dr. Maikanti Bar, revealed that Chinese banks had made...


Nigerian oil refiner Eko Petrochem Refining Company gets $1million grant from USTDA

Nigerian oil refiner Eko Petrochem Refining Company gets $1million grant from USTDA

The United States Trade and Development Agency (USTDA) has committed over $1 million as...


Pension operators kick over proposed N283.9 billion Police and para-military withdrawal from pension scheme

Pension operators kick over proposed N283.9 billion Police and para-military withdrawal from pension scheme

Pension fund operators are currently jittery over a planned N283.9 billion withdrawal from the...


Leadway Assurance launches mobile insurance office

Leadway Assurance launches mobile insurance office

Leadway Assurance Company limited recently launched a mobile insurance office. The MD/CEO Leadway Assurance,...


All the major economic news from Nigeria in 5 minutes-11/8/2017

All the major economic news from Nigeria in 5 minutes-11/8/2017

Summary of the top business, economic and political news in Nigeria today. Zenith International...