Pay-Cut For Buhari And Osinbajo. Will Our Assembly-Men Do Same?

One of the reforms he said he would carry out on assumption of duty as President was to cut down...

Lafarge Africa Seeks Approval to Contribute 260MW to the Grid

Lafarge Africa said on Friday it had applied to Nigerian Electricity Regulatory Commission to generate 260 megawatts of electricity to...

In One Year, Nigerian Depositors, Banks Lost N6.2 Billion to Fraudsters- NDIC

The total number such scams grew astronomically from 3,786 cases in 2013, to 10,612 cases in 2014, the report said. ...

37 Ships Laden With Petroleum Products, Foods Expected In Lagos – NPA

The Nigerian Ports Authority (NPA) said on Friday in Lagos that thirty-seven ships laden with petroleum products, food items and...

DPR Says Marketers Are Causing Artificial Scarcity

The country’s long running intermittent fuel scarcities are artificial, and the handiwork of unscrupulous oil marketers and depot owners. This statement was made by the Department of Petroleum...

Has Power Improved in Lagos? Egbin Says It Has Exceeded 1000mw Output

Customers of the Electricity Distribution Companies (DISCos) in Lagos have confirmed that electricity supply has improved remarkably when compared to...

Nigerians And Greeks Tag Along on Coastal Trade, Ship Building

 Ship owners in Nigeria have reiterated their preparedness to partner their Greek counterparts on coastal trade and ship building in...

29 Oil Marketers Gets Nod To Import 1.6mmt of Fuel For Q3

 In a bid to end the fuel shortages across the country, the federal government has approved fuel import allocations for...
Access Bank and Union Bank, Access Bank, CBN, Creative Industry Financing Initiative, CIFI

Access Bank Emerges Best Flow House In Africa

Access Bank Plc has emerged winner of the Best Flow House in Africa accolade in the Euro Money Awards for...

Construct Your Roads With Cement, Dangote Tells FG

The Dangote Cement Plc has called on government to use cement concrete in road construction in line with global best...

In H1, Customs FOU Has confiscated N1b Goods, Arrest 129 Suspects

For the first half of this year, the Federal Operations Unit (FOU) of Nigeria Customs Service (NCS), zone ‘C’ Owerri,...

Dollar @N239, Yet The CBN Has This Message for the Parallel Market

The Central Bank has been under pressure the devalue for one major reason. The wide margin between the black market and the interbank rate....

AfDB Says Nigeria Lost $83.3bn To Illicit Financial Outflow

The Country Director of the African Development Bank, Dr Ousmane Dore, has revealed that a study commissioned by the bank...
LCCI criticises SON over interception of containers, Lagos Chamber of Commerce and Industry, Apapa road traffic

[Confirmed] Economic Activities Has Been Low In H1 – LCCI

The Director-General of the Lagos Chamber of Commerce and Industry (LCCI), Muda Yusuf, has said that economic activities in the...

PMB Says His Visit to Washington DC Will Boost Bilateral Relations

President Muhammadu Buhari Wednesday in Abuja said Nigeria stands to benefit from his forthcoming meeting with President Barack Obama, hoping...

Senate Asks CBN, Customs To Recover $30b Waiver Funds

The Nigerian Senate yesterday mandated the Central Bank of Nigeria (CBN) in collaboration with the Nigeria Customs Service (NCS) to...

UBA Succeeds with N11.5 Billion Rights Issue

United Bank for Africa (UBA) Plc has successfully raised N11.5 billion from the capital market through a rights issue. The...

Seplat Will issue N3.5b Bonus Shares To Directors, Orders

Seplat Petroleum Development Company Plc is to issue bonus shares valued at more than N3.5 billion to directors and senior...

Barth Nnaji’s Geometric, Diamond Bank, Others Seal N15bn Power Deal

The Aba Integrated Power Project (Aba IPP), scheduled for commissioning in November, has entered into a new Transaction Implementation Agreement...

[Forex Ban] CBN and OPS Point Fingers at Each Other Whilst Dollar Hits N234

At an average of $300 million spent on 41 items on its restriction list from subsidised official foreign exchange window,...

The Chinese Stock Market Is Crashing, Why Nigeria Should Worry

In Mark Twain’s words “History doesnt repeat itself, but it does rhyme”. The Chinese stock market is crashing, and again one can say the Chinese...

Mansard Insurance Name Change Becomes Official

Mansard Insurance notified the Nigerian stock exchange that it has changed its name to AXA Mansard Insurance Plc. ...

CBN May Blink On Forex Restriction List

The Central Bank of Nigeria (CBN) may take another look at the list of the 41 products that it recently...
CBN Gov Godiwn Emefiele

[Eye Service?] Emefiele Says Reserves Are Recovering Because of Buhari

The Central Bank Governor Godwin Emefiele has said that Nigeria's foreign exchange reserves have begun a "gradual recovery" thanks to the central bank's management of...

Dangote Will Expand Its Cement Capacity in Cameroon

Dangote Group plans to expand the capacity of its Douala, Cameroon cement plant from the current 1.5 million metric tonnes...

Bailout: Workers, Others Warn Governors Against Wasteful Spending

Workers from across the country have welcomed the news of the approval by President Muhammadu Buhari of a special bailout...

VW resumes car assembly in Nigeria for first time in 25 years

Who says the new auto policy can’t work? Volkswagen AG resumed building vehicles in Nigeria for the first time in 25 years in a bid...

Mattress Maker Mouka Sells Majority Stake To Abraaj Group

Private equity group Abraaj has bought a majority stake in Mouka, a Nigerian mattress manufacturer, and plans to expand the...

6 reasons why oil has re-entered a bear market

Oil re-entered a bear market on Tuesday extending the previous day’s losses, when Brent crude — the international benchmark — recorded its biggest one-day...

All States Must Submit Loan Details – CBN Directs

The Central Bank of Nigeria has asked state governments to furnish it with the details of their loan obligations latest...