Two days to go, Jonathan Government releases N5b for stoves

President Goodluck Jonathan has released N5 billion to the Ministry of Environment for the purchase of clean cook stoves for rural women, a project...

[FLASH BACK] What Sanusi said about subsidy removal in 2012

Three years ago, Nigerians went to the streets protesting against the planned removal of fuel subsidy by the Jonathan administration. Back then, the government...

GT Bank Appeals To Overturn N5.3 Billion Judgement

Guarantee Trust Bank has filled a suit to appeal the judgement of Justice Valentine Ashi of the High Court of the Federal Capital Territory,...

Why operatorship of divested oil blocks was withdrawn from NNPC

Facts have emerged indicating that the federal government withdrew the operatorship of some of the oil blocks sold by Shell Petroleum Development Company and...

Ecobank Secures $15 million

Last weekend,Ecobank Nigeria Limited said it had secured and utilized a credit line under the United States Department of Agriculture (USDA) Export Credit Guarantee...

How FG and States shared over N6trillion in ECA in 4 years

Nigeria's excess crude account is supposed to be a buffer for the rainy day. The ECA as it is popularly called represents the difference...

[Automotive Policy] Iran plans to establish spare parts plant in Nigeria

The Islamic Republic of Iran is planning to develop economic and trade relations with Nigeria, the Iranian Ambassador to Nigeria, Mr. Saeed Koozechi, has...

AMCON has recovered only 57 per cent of bad debt in five years

The Asset Management Corporation of Nigeria, AMCON has said that it has recovered about 57% of the bad debts it took over from Nigerian...

Okonjo Iweala explains why she will NOT pay “blackmailing” oil marketers “

Nigerians are suffering massively from scarcity of petroleum products and want answers. The outgoing coordinating minister of petroleum Ngozi Okonjo Iweala has been on...

3 Reasons For Fuel Scarcity, As Explained By Sahara Group Boss

Tonye Cole, the chief executive of energy company Sahara Group, explained three main reasons why fuel scarcity is unlikely to end soon. He thinks...

FrieslandCampina Invests N4bn on Infrastructure in Nigeria

FrieslandCampina WAMCO Nigeria Plc, makers of dairy products, has injected at least N4 billion (Euros 20 million) in infrastructure in the economy, in a...

Analyst uses Michael Jackson’s moonwalk dance to describe latest CRR

The CBN on Tuesday announced it was harmonising the public and private sector CRR to 31%. Analysts have since then been trying to analyse...

[Free Float] Timelines for Dangote Cement and others to comply

The Nigerian Stock Exchange (NSE) has instructed some listed companies to comply with the minimum free-float in line with the set standards under which...

IFC and SECO Introduce Africa Corporate Governance Program to Nigerian Businesses

The International Finance Corporation (IFC), a member of the World Bank Group, and the State Secretariat for Economic Affairs, Switzerland today jointly launched the Africa...

Why removal of fuel subsidy may be a “fraught process”

Nigeria is currently facing one of the most grueling fuel crisis in recent times and things are not looking to get any better. This has...

Aganga Unveils New Policy For MSMEs Sub Sector

The Minister of Industry Trade and Investment, Mr Olusegun Aganga, has unveiled a new policy for Micro, Small and Medium Enterprises (MSMEs) in Nigeria...

UMBL links savings culture to economic growth

United Mortgage Bank Limited has emphasized the importance of savings culture, saying it will enhance economic growth among other benefits. In its drive to promote...

[CRR] Nigerian banks rush to sell off bond stock piles

The effects of the harmonisation of public sector CRR is beginning to take its toll as banks have begun sell of their bond assets...

Why CBN’s 31% CRR will suck more cash from banks

MPC surprises with CRR harmonisation · The Central Bank of Nigeria (CBN) concluded its two day policy...

Is this why Public and Private Sector CRR was changed to 31%?

The hours leading to the reading of the 244th meeting of the Monetary Policy Committee (MPC) was filled with low expectations across the investor community, as...

Nigeria’s foreign exchange reserves rise by 1% by May 15

Data from the Central Bank of Nigeria showed on Tuesday May 19 that the foreign exchange reserves rose marginally by 1.05% month-on-month to $29.80...

B-R-E-A-K-I-N-G: CBN reduces public sector CRR to 31%

The CBN governor has just announced that the monetary policy committee as announced it is reducing Public Sector CRR from 75% to 31%. It consequently,...

Why Nigerian FMCG companies are falling off a cliff

FMCG profits have declined sharply as the firms reel from the impact of macro-headwinds and plunge in purchasing power. Nigerian FMCG firms are having a...

Nigeria plans to issue gas leases separate from oil

Nigeria, Africa’s biggest oil producer, plans to issue separate leases for gas assets in order to attract more investors to boost output of the...

[HARD TIMES] Nigeria’s distributable revenue falls to 5 year low

The accountant general of Nigeria Jonah Otunla has announced that the money available for the three tiers  of government to share is at its...

[SURE-P FRAUD] Okonjo Iweala terminates contract of Forcecom Networks

The Minister of Finance, Ngozi Okonjo-Iweala, has directed the immediate termination of the partnership between the Subsidy Reinvestment and Empowerment Programme and Forcecom Networks...

[GRIM] Inflation rate spikes, GDP growth rate drops…GEJ will handover a failing economy

Things have gotten worse for the legacy of outgoing Nigerian President, Goodluck Jonathan, as the National Bureau of Statistics just reeled out its inflation...

[Fuel Scarcity] Major marketers claims Nigeria owes them $1billion

Reports from Bloomberg indicate Nigeria is owing independent marketers a whopping N20o billion ($1 billion) as at end of March 2015. The report claims...

Forex dealers are working on a proposal that could usher in another devaluation

Reports suggest foreign exchange dealers in Nigeria are drawing up a proposal that will persuade the CBN to ease some of the restrictions it...

Mass Protest in Kano as local Dyers challenge Chinese domination

Thousands of local dyers on Tuesday took to the streets in Kano to protest against the domination and invasion of Chinese nationals in the...

Popular

Canada invited 3,357 Express Entry candidates with scores as low as 300

Canada invited 3,357 Express Entry Candidates with scores as low as 300

Canadian province, Alberta, has issued a total of 3,357 invitations to apply for a provincial nomination for Canadian Permanent Residency (PR) to Express Entry candidates with Comprehensive Ranking System scores as low as 300.
Nigerian Aviation Unions

FG explains why it plans to demolish and rebuild the MMIA in Lagos

FG has explained the underlining reasons for the planned demolition and rebuilding of the 40-year-old Murtala Muhammed International Airport in Lagos.
Gas cylinders, Ibe Kachikwu

Federal Government to stop ownership of gas cylinders by consumers

By this new policy by @AsoRock, LPG consumers are not longer allowed to own gas cylinder.