FG, oil firms owe NDDC N1.27tn, $73m — N’Assembly
The National Assembly has said it is set to invite some Federal Government officials and 17 local and international oil...
Court stops Mastercard from issuing national identity cards
Justice R.M. Aikawa of the Federal High Court in Lagos has told Mastercard and its agents to stop issuing the...
The irony of going cashless to grow economy
Recently, the Central Bank of Nigeria announced a new policy on cash-based transactions that stipulates a cash handling charge on...
BOI proposes 1 digit interest rate on vessel financing
The Managing Director of the Bank of Industry (BOI), Olukayode Pitan, has advised the management of the Nigerian Maritime Administration...
Market reverses previous gains as index plummets by N188 billion
Transactions on the equities sector of the Nigerian Stock Exchange (NSE), reversed past positive trading sentiment to reopen on a...
Consolidated Hallmark posts 46% rise in PAT
Consolidated Hallmark Insurance Plc, one of the leading underwriting firms in Nigeria, has posted a profit after-tax (PAT) of N519.6...
CBN injects $341.75m, CNY14.7m as interventions
The Central Bank of Nigeria (CBN) has intervened in the Retail Secondary Market Intervention Sales (SMIS) with $341.75 million and...
Sanwo-Olu in China, Seeks Collaboration for Lagos Development
Barely three months after his trip to Japan with President Muhammadu Buhari for the 7th Tokyo International Conference on African Development,...
Blackout looms as Gencos threaten shutdown over charge
Nigeria may experience widespread blackout soon as power generation companies have unanimously agreed to call the bluff of the Nigerian...
Insurers’ earnings performance raises recapitalisation hopes
Recapitalisation is a form of a corporate reorganisation, which involves making substantial changes to a company’s capital structure. But earnings...
FG using data to monitor lifting of 100m out of poverty
The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, has said that the federal government has...
Air Peace, Embraer seal three $212.6m aircraft deal
Air Peace and Brazilian aerospace conglomerate, Embraer, have signed a contract for three additional E195-E2 confirming purchase rights from the...
Again, shareholders seek solution to Nigeria’s market challenge
Shareholders in the nation’s capital market have urged the Federal government to address all constraints impeding the growth of the...
Border Closure: Nigeria, Benin, Niger to form border police
Nigeria, the Republic of Benin and Niger have agreed to establish a joint border police to check the influx of...
‘Why bill to criminalise estimated billing may not work’
Some stakeholders in the power sector, yesterday, expressed serious worry over a bill at the National Assembly aiming to criminalise...
Yuletide: Airport Security Operatives, Others May Face More Challenges
There are indications that the large turnout of air travelers and cargo movement anticipated during the yuletide will multiply the...
Nigeria ripe for partnership with global tech giants, says Osinbajo
Vice President Yemi Osinbajo has declared that Nigerians’ creativity and resourcefulness in the technology space present great opportunities for partnerships...
MDAs padded N12.9bn as personnel costs – ICPC
The chairman of the Independent Corrupt Practices and Other Related Offences Commission, Bolaji Owasanoye, says the commission restrained the release...
Petrol, diesel imports drop after border closure
The nation’s imports of petrol and diesel fell by about 11 per cent and 15 per cent, respectively in September,...
NNPC secures US grant for 1,350MW power plant
The Nigerian National Petroleum Corporation on Thursday announced that it had concluded arrangements with the United States Trade and Development...
Lawmakers Pledge Support for AMCON
The Chairman, Banking and Currency, House of Representatives Committee Chairman on Banking and Currency, Hon. Victor Nwokolo has assured Nigerians...
Nestoil Group unveils new corporate identity
The Nestoil Group has unveiled a new corporate identity. Nestoil, Nigeria’s largest indigenous engineering, procurement, construction and commissioning (EPCC) oil-servicing...
CBN stabilises naira with $25.68bn in eight months
The Central Bank of Nigeria injected about $25.68bn to stabilise the nation’s currency in the foreign exchange market between January...
Customs seek return of import tax on petroleum products
The Nigeria Customs Service is seeking the reintroduction of import tax on petroleum products. The Comptroller-General of Customs, Col Hameed...
Bad roads: FG releases N650bn for capital projects
The Federal Government said on Wednesday that road construction and repairs under the Ministry of Works and Housing were a...
Powered by Agusto & Co.