Naira Falls Again At The Interbank (29/1/2015)

Nigerian naira shed 1.64 percent to close at 189.10 against the greenback on Thursday, despite dollar sales by the central bank and oil companies,...

BoA Is seeking More Funding And Repositioning of Agric Sector

The Managing Director, Bank of Agriculture (BoA), Prof. Danbala Danju, on Monday called for the repositioning and funding of the...
DMO offer FGN bonds, Debt Management Office, Nigeria's total debt stock rose to N24.3 trillion in 2018

Three months on, investors continue to oversubscribe FGN Bonds

The total amount allotted to both competitive and non-competitive bids for the three instruments was N121.95 billion.
Nigeria Air, Nigeria national carrier, Hadi Siriki, Senate Committee, FG to revive national carrier

Why Nigeria Air was suspended

Main reason Nigeria Air was suspended.

Corrupt Customs Personnel Will Get 10-Year Jail Term – CG Ali

Comptroller General of Customs,  Hameed Ali, on Tuesday read the riot act that any customs officer caught involved in corrupt practice, would serve the...
TUNDE FOWLER, EXECUTIVE CHAIRMAN, FEDRAL INLAND REVENUE SERVICE

Again, Government extends VAIDS

President Muhammadu Buhari has approved the extension of the Voluntary Assets and Income Declaration Scheme (VAIDS or the Scheme) by three months. The Scheme...

President Asks Sanusi to Resign over Leaked $49.8bn Letter

This from Thisday; President Goodluck Jonathan has asked the Central Bank of Nigeria (CBN) Governor, Sanusi Lamido Sanusi, to resign immediately on the grounds that...

Vlisco Group to create 700,000 jobs with $200 million cotton investment

Vlisco Group to explore Nigeria's cotton industry

Official: SME’s Can Now Apply For A Bank Loan With A Moveable Asset As...

  Nigerian newspapers report generally that the central bank has now approved the use of Moveable Assets as collateral for obtaining loans. According to The...

How House of Reps proposed N198 budget exchange rate helps the govt. but not...

The House of Reps met Thursday voted to back an exchange rate of 198 naira to the dollar for the 2015 Budget currently set for harmonization...

Governor Umahi of Ebonyi Presents N100 Billion “Budget of Divine Actualisation”

Governor of Ebonyi State, David Umahi, has presented a budget of N101.1 billion to the State House of Assembly for the 2016 fiscal year. The appropriation...

Nigeria, Niger Republic In 3 Million Tons Of Transit Cargo Deal

Nigeria and its Nigerien counterpart have concluded plans to move three million tonnes of transit cargoes from Lagos seaports to...

In Q1, Telecom Sector Contributed N134bn To Economy – NBS

The National Bureau of Statistics (NBS) has disclosed that the telecoms sector recorded a growth rate of 5.26 per cent in the opening quarter...
Nigerian Electricity Regulatory Commission

Nigeria’s power sector loses N69.1 billion in 7 weeks

The Advisory Power Team (APT) at the office of the Vice President has said the nation’s power sector lost N69.1 billion between January 1...

Expect 760,000 Tonnes Of Thai Rice, Others In September

The government of Thailand has struck preliminary deals to export a total of 760,000 tonnes from its huge stockpiles to...
Hadi Sirika

Reps raise concern over Aviation Ministry’s debt profile

The House of Representatives may disapprove Hadi Sirika's new $461 million loan request for facility upgrades in Nigerian airports. This is because the aviation ministry earlier borrowed $500 million for the same purpose.

How Nigeria slipped in industrial GDP ranking

If reports from the African Development Bank are anything to go by, Nigeria might have lost her place as the biggest economy in Africa....

Senate ready to screen Monetary Policy Committee (MPC) nominees

The face-off between the National Assembly and the Executive seems to be over as the Senate has approved that the nominees for the position ...

FG May Have Granted TSA Exemption To NNPC, PHCN, BoI, 10 Other Agencies

The Federal Government may be considering  the applications of 13 agencies which made a case to be exempted from complying with President...

GEJ & Supporters of Sanusi’s Suspension Won’t Like This Punch Editorial

Punch Editorial|| HIDING behind his finger, President Goodluck Jonathan recently suspended Lamido Sanusi, Governor of the Central Bank of Nigeria, from office over alleged...
Nigeria Customs Service, Port, Customs, Containers

Customs Generates 10-Month High N95.7 billion In August 2016

The changes applied by the Comptroller General are said to be yielding fruits as Service earns highest revenue in 10 months.
Renaissance Capital

Analysts believe Capital Market will fare better after 2019 election

CEO of Renaissance Capital Nigeria, Temi Popoola stated the country's capital market after 2019 polls.
CBN Building, National Collateral Registry,Micro Small and Medium Businesses, Loan, Entrepreneur, Central Bank of Nigeria

CBN goes tough on money laundering with new rules

Central Bank of Nigeria (CBN) has introduced new rules to prevent money laundering in the country. The apex bank released its Anti-Money Laundering/ Combating...
Energy Crisis, OPEC, Organisation of the Petroleum Exporting Countries, OPEC Members, Nigerian National Petroleum Corporation, Crude oil production, OPEC alliance under coordinated attack and Nigeria must brace up for it

Nigeria’s crude oil earnings hit $26 billion in 7 months

Meanwhile, millions of Nigerians are in abject poverty in spite of the increased earnings.
Petrol Pump price watch

Average fuel price drops to lowest in 4 months

The Nigeria Bureau of Statistics NBS has released the Premium Motor Spirit PMS price watch for the month of March. The report shows the average...
Jim Yong Kim

Nigerians in diaspora remitted US$22 billion in 2017

Nigerians in diaspora remitted a total of US$22bn back home in 2017. This is according to the World Bank  Migration  and Development Brief which was...
Murtala-Airport-Lagos

Trouble looms as FAAN threatens to withdraw services at airports

Some private and state-owned airports in the country are owing the Federal Airports Authority of Nigeria (FAAN) millions of naira.

Kachikwu Says China May Invest Up To $75.6 billion In Nigeria’s Oil and Gas...

Kachikwu expalins how Chinese investment in Nigeria's Oil and Gas Sector could increase by a potential $75.6 billion

FG, Marketers Settle To End To Petrol Scarcity

Petroleum product marketers have assured the Federal Government that they will support measures put in place by the Nigerian National Petroleum Corporation (NNPC) to end...
Energy Crisis, OPEC, Organisation of the Petroleum Exporting Countries, OPEC Members, Nigerian National Petroleum Corporation, Crude oil production, OPEC alliance under coordinated attack and Nigeria must brace up for it

OPEC moves to avoid energy crisis as some members countries face sanctions

@OPECSecretariat says it plans to prevent an energy crisis as a result of conflicts in some member states.

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Billionaires club: The current owners of MTN who need to sell for you to...

If you are one of those very active social media enthusiasts on WhatsApp, Twitter or Facebook, then you must have come across the image...

MTN Nigeria has signed a N200 billion loan deal that effectively shuts out any...

MTN Nigeria's debuted on the Nigerian Stock Exchange by listing over 20 billion shares at N90 per share. Since then the stock has gained 20%, increasing its market cap by over N360 billion to N2.2 trillion.
CBN begins process for proposed Payments System Vision 2030

CBN begins process for the proposed Payments System Vision 2030

The Central Bank of Nigeria (CBN) has begun the process of developing the Payment System Vision 2030 strategy, which will define the strategic agenda for the Nigerian Payments System for the next ten years.