Increased North Sea, Nigerian Crude Will Drive Prices Down Further

The North Sea and Nigeria will ship the most crude in more than three years in October, adding to downward...

Kachikwu Says Kaduna Refinery Will Produce In Dec

 Kaduna Refinery will resume the production of Premium Motor Spirit, PMS (petrol), within the next three months. This information was...

International Passenger Traffic Declines by 28% QoQ 2015

The National Bureau of Statistics has released its 2015 Passenger Traffic Statistics for the second quarter of 2015 showing declines in passenger travel in Nigeria....

Can The EFCC Arrest Okumagba of BGL ?

The Federal High Court in Lagos on Thursday refused an ex parte application by the Chief Executive Officer of BGL Group,...

 [JP MORGAN THREAT] Nigerian Bonds Stage a Comeback

The Central Bank of Nigeria (CBN) further improved the liquidity in the financial system, through an OMO repayment valued at...

Buhari Sacks FCT Revenue Service Chairman, Others

President Muhammadu Buhari has fired the Chairman of the Federal Capital Territory Internal Revenue Service. He has...

[HOPE DASHED] Second Niger Bridge Can No Longer Meet Completion Date

The second Niger Bridge will not be completed and ready for use until 2020, Uche Orji, Managing Director and CEO of...

Here is What You Should Know About Buhari’s New Oil Swap Deal

The Nigerian National Petroleum Corporation (NNPC) said on Wednesday that it has set up new crude swap contracts to replace those cancelled last month that...

N300bn Local Investments Earn Pharmaceutical Companies 65% In West African Market

Nigerian pharmaceutical companies now share 65 percent of the West African market, having so far invested N300 billion in machinery...

[U-Turn] Here is The Condition Buhari Gave for Lifting Ban on 113 Vessels

The Federal Government has lifted a ban on 113 vessels into its territorial waters according to Reuters. ...

Spanish Investors Are Holding Back Till Buhari Names His Cabinet

Mr Pablo Segrelles, Economic Counsellor of the Embassy of Spain in Nigeria, on Thursday said that Spanish companies were awaiting...

See Why CAC Will Delist 50,000 Companies

Corporate Affairs Commission (CAC) on Wednesday announced that 50,000 companies will soon be delisted for failing to file their annual...

For Optimal Performance In Oil Sector, FG Will Build New Refineries – Kachikwu

The Group Manading Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Emmanuel Ibe- Kachikwu, on Wednesday in Kaduna said...

Telcos Dare NCC, Risk Additional Fines

Telecommunication operators have remained defiant over the N120.4 million fine imposed on them by the Nigerian Communications Commission (NCC), as...

See Reasons Why Fidelity Bank Rebranded

The Managing Director and Chief Executive Officer of Fidelity Bank Plc, Nnamdi Okonkwo  has explained that the rebranding project of the Fidelity...

NBET Signs PPA Zuma Coal Power Plant

The Nigerian Bulk Electricity Trading Plc. (NBET) has finally signed its first Power Purchase Agreement (PPA) on coal-to-power with Zuma...

This Is Nigeria’s Official Response To Being Removed From The JPM EM Index

The Ministry of Finance, Debt Management Office and CBN released the following press release in response to the planned removal of Nigeria from the...

Press Release From SEC Suspending Stanbic IBTC Rights Issue

The Security and Exchange Commission SEC suspended the planned right issue of Stanbic IBTC (which it had earlier approved) due to an on going...

FG Sets Up Committees To Reduce Rejection of Nigeria’s Non-Oil Exports

Following the many cases of rejection of Nigeria's exported products mostly in European countries, the federal government on Tuesday constituted...

What It Means For Nigeria to Be Kicked Out of the JP Morgan EM...

JP Morgan Chase (JPM) on Tuesday issued a press release saying it will start phasing out Nigeria from its Emerging Market Bond Index this...

[NEW CIRCULAR] CBN Warns Banks To Sell Forex for School Fees, Medicals etc.

The CBN has released a new circular insisting that it has enough forex to pay for school fees, student maintenance allowances, BTA, PTA, medical...

[Official] JP Morgan To Kick Nigeria Off Emerging Market Bond Index

Nigeria will be phased out of JP Morgan's Government Bond Index (GBI-EM) by the end of October, the bank said on Tuesday after warning...

Buhari Set To Slash Number Of Foreign Missions

President Muhammadu Buhari said Tuesday in Abuja that his administration will undertake a review of  Nigerian foreign missions to determine...

[Revealed] A Whooping N2.740trn Has Been Invested On Power Generation From 1999 To Date

The Senate was told Tuesday that a total of N2.74 trillion has been invested in the country’s power sector from...

See How 12 Deepwater Projects Got Jeopardized Over Policy Inaction

Offshore field development projects capable of yielding total production capacity of 1.255 million barrels per day hang in the air...

Smile Telecoms Raises $365m Capital in Biggest Telecom Deal This Year

Smile Telecoms Holdings Ltd ("Smile"), which owns and operates mobile wireless 4G LTE broadband networks in the 800MHz band in Nigeria, Tanzania and Uganda,...

GMD Kachikwu Says NNPC Will Sell Energy To TCN

The Nigerian National Petroleum Corporation (NNPC) has said it will sell unused energy to the Transmission Company of Nigeria (TCN)...
Oil Price tumbles to a 4 month low, as U.S-China trade tension heightens

With The Oil Price Fall, Transport, Tax Now Consumes 95% Of Subsidy

Shipping cost and other charges at the ports now consume about 95 percent of the amount paid as fuel subsidy...

[EXECUTIVE CHANGE] First Bank Announces New MD, DMD, Chairman etc.

FBN Holdings the parent company of First Bank Plc has announced some top executive appointments across the group and bank. Here they are; ...

Nigeria Issues Additional Gasoline Allocations

Nigeria has issued additional import allocations for at least 300,000 tonnes of gasoline for the remainder of the third quarter,...

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FBI arrests Invictus Group’s Obinwanne Okeke, Forbes Africa 30 Under 30 list nominee

The Chief Executive Officer of Invictus Group, Obinwanne Okeke, who in 2016 made it into Forbes Africa’s 30 Under 30 List, has been arrested by the Federal Bureau of Investigation (FBI) for conspiracy to commit computer fraud. 
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Is ORide behind Gokada’s shutdown of operations?

Research carried out by Nairametrics has revealed that @GokadaNG’s shutdown could be as a result of the targeted poaching by the newcomer, @oride_ng.
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Bet9ja’s Headquarters raided by court officials

Some court officials stormed the Headquarters of Bet9ja at Surulere, Lagos, on Thursday, over a suit filed by a competitor, Lotto9ja Limited, a subsidiary of Western Lotto Nigeria Limited.