External reserves drop by $4.9bn in nine months
Between March and November this year, the country’s external reserves dropped by $4.99bn from $44.79bn to $39.8bn, the Central Bank...
Sanwo-Olu Unveils N250m Seed Capital for Tech Start-Ups in Lagos
Governor Babajide Sanwo-Olu has launched the Lagos State Science Research and Innovation Council (LASRIC), setting aside $687,000 (about N250 million)...
Fuel supply not affected by Lagos pipeline fire — NNPC
The Nigerian National Petroleum Corporation (NNPC) on Thursday reported an oil pipeline fire outbreak along the Atlas Cove-Mosimi Pipeline, part...
Oil demand to hit 110.6mb/d by 2040, says OPEC
The organisation of the Petroleum Oil Exporting Countries (OPEC), said oil will continue to contribute the largest share in the...
Nigeria named among highest new users of bitcoin
Nigerians usage of bitcoin has continued to rise despite warnings by the Central Bank of Nigeria that digital currencies are...
Stock market loses N12bn
Losses in ACCESS (-2.7%), FBNH (-2.2%) and GUARANTY (-9.1%) have seen market capitalisation fell N12.0bn to N12.9trn at the close...
FG charges Auditors-General to block leakages in LG accounts
The Federal Government has charged Auditors-General to ramp up fight against graft by blocking holes in the accounts of Local...
2019 Budget: Justice Ministry Has No Allocation for Constituency Projects, Says Apata
The Federal Ministry of Justice wednesday stated that it has zero allocation for alleged constituency or zonal intervention projects in...
Yuletide: DPR begins fuel monitoring, seals 5 filling stations in Aba
The Department of Petroleum Resources (DPR) has intensified its petroleum products monitoring and surveillance activities towards ensuring a hitch free...
New oil discovery to spur job creation, says NNPC
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari yesterday, said oil discovery in the nation’s...
Nigeria’s manufacturing sector’s GDP to hit N49.6tr with 40,000Gwh of power supply
If electricity supplied to industries increases to 40,000Gwh within the next seven years, the manufacturing sector’s contribution to the Gross...
Court Saves 21 States Billions, Orders AGF to Recover Pension from Ex-Govs
For 21 states with pension laws stipulating post-office benefits running into billions of naira for their former governors and deputies,...
CBN to Auction N795bn Treasury Bills in Q1 2020
The Central Bank of Nigeria (CBN) will in the first quarter of 2020 issue treasury bills worth a total of...
Banks recorded N42.76tn e-transactions in Q3
A total volume of 800.2 million transactions valued at N42.76tn were recorded in the third quarter of 2019, as data...
NSE records losses due to banking stocks sell-off
Transactions on the Nigerian Stock Exchange (NSE) on Wednesday maintained a negative outlook for the third consecutive trading sessions. The...
19-year-old convicted for capital market fraud
A 19-year-old man, Damilola Balogun, has been docked and convicted over a capital market fraud. The Securities and Exchange Commission...
‘Sacked’ Osinbajo’s aides not in humanitarian ministry
Vice President Yemi Osinbajo’s aides who were said to have been posted to the newly created Ministry of Humanitarian Affairs...
Malpractices: WAEC withdraws 1992, 1993 candidates’ certificates
The West African Examinations Council has released the list of impounded certificates of candidates, who were believed to have engaged...
Nigeria has 47 days petrol sufficiency –PPPRA
The Petroleum Products Pricing Regulatory Agency has declared that Nigeria currently has about 47 days sufficiency of petrol. The PPPRA...
Stakeholders worry as Nigeria loses IMO council seat again
For the fourth time, Nigeria has failed to clinch the coveted Category ‘C’ seat on the International Maritime Organization (IMO)...
Telcos responsible for 85% spam calls, says Truecaller
Most spam calls and text messages received by subscribers in the first 10 months of the year originated from telecommunications...
Banks’ loans to private sector now N16.25trn
The value of credits allocated to the private sector by Nigerian banks hit N16.25 trillion as at the third quarter...
FG Backs UNIDO’s $60m Country Plan for Industrialisation
The Minister of Industry, Trade and Investment, Mr. Adeniyi Adebayo has welcomed the United Nations Industrial Development Organisation’s (UNIDO) new...
Failure of OPEC+ to deepen cuts may drive oil to $40, says report
New outlook by international observers has shown that a substantial build of global crude stocks and a corresponding drop in...
Fashola requests additional N255.6bn for road repairs
The Federal Government is currently constructing and rehabilitating 524 highways and bridges across the country, the Minister of Works and...
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