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Fuel scarcity grounds Lagos, Ogun, Abuja, commuters stranded
Petrol scarcity hit different parts of Nigeria on Tuesday, forcing motorists to spend hours at filling stations while battling to...
Read moreNigeria loses three million oil barrels monthly – FG
The Federal Government on Monday revealed that its latest findings showed that about 1.2 million barrels of crude oil was...
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External debt rises to $40bn under Buhari
Nigeria’s total external debt has risen from $10.32bn on June 30, 2015, to $40.06bn as at June 30, 2022. This...
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Airfares rose by 96.87% in one year – NBS
The National Bureau of Statistics has stated that air transportation rose by 96.87 per cent in one year. In its...
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Stock investors lose N1.7tn in one week
Investors lost N1.7tn at the end of trading on the floor of the Nigerian Exchange Limited last week, following major...
Read moreInflation: Nigeria, others risk political instability, says IMF
The International Monetary Fund has said Nigeria and other countries in the Sub-Saharan African region risk social and political instability...
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Budget deficit: Govt may sell TBS, NIPPs, 25 key assets
Amid Nigeria’s fiscal crisis, the Federal Government is compiling the list of assets that will be either sold or ‘concessioned’...
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Obajana: Kogi Drags Dangote Group to Court
The Kogi State Government on Tuesday commenced legal action to reclaim ownership of former Obajana Cement Company which is now...
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Fed Govt to pay CBN’s N20tr overdraft with treasury bills
The Federal Government has opted to repay its N20 trillion loans advance or overdraft with the Central Bank of Nigeria...
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OPEC decision on oil production cut, unanimous – FG
The Federal Government on Tuesday said the decision by the Organisation of Petroleum Exporting Countries to cut two million barrels...
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Finance minister recommends more taxes to reduce Nigeria’s debt burden
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed yesterday insisted that only the collection of more taxes...
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Inflation peaks mildly as flood sounds food crisis alarm bell
The September Consumer Price Index (CPI) reading points to a slower inflation rise, but experts have dismissed the data as...
Read moreLimited Investible Options: An Impediment to a Potentially Bullish Industry
The pension fund asset size increased by 628% over the last decade, reaching 14.27 trillion as of 30 June 2022. This...
Read moreFG reopens Dangote Cement, parties to continue talks
The Dangote Cement Plant located in Obajana, Kogi State, has been reopened after being closed by the Kogi State Government...
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Forex policy widened exchange gap by N300 – ABCON
The President, Association of Bureau De Change Operators of Nigeria, Aminu Gwadabe, has said the unorthodox foreign exchange policy of...
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NNPC, PTI to deploy anti-theft systems on pipelines
The Nigerian National Petroleum Company Limited and the Petroleum Training Institute are to install anti-theft integrated monitoring systems on pipelines...
Read moreCBN risking financial instability with rate hikes — IMF
The International Monetary Fund has warned that Nigeria and other emerging economies risk financial stability by continuously raising benchmark interest...
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FG Issues Lagos Approval Letter on Proposed Lekki-Epe International Airport
The federal government approval recently granted the Lagos State Government to embark on the development of a passenger and cargo...
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‘Pension funds earns 20% from infrastructure investment’
The Managing Director and Chief Executive Officer, Sigma Pensions, Mr Dave Uduanu, has said Pension Fund Administrators’ investments in infrastructure...
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Nigeria’s refineries lose 218 workers, post N69bn loss
The number of workers at Nigeria’s refineries fell by 218 within a year, while the facilities posted a cumulative comprehensive...
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FG budgets N947bn for infrastructure, experts kick
The Federal government has allocated the sum of N946.8bn to modernise infrastructure across the federation. This was revealed after an...
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African Oil Refiners Bank on Eight Refinery Projects to Increase Aviation Fuel
The African Refiners and Distributors Association (ARDA) has said that about eight ongoing refinery projects on the continent will significantly...
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Kogi claims Obajana plant ownership, Dangote, MAN kick
The Kogi State Government has said that it will be ready to enter into negotiations once Dangote Group is ready...
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Budget: Reps approve N8.4tn borrowing, N6.3tn debt service
The President, Major General Muhammadu Buhari (retd.), will on Friday (today) lay the 2023 Appropriation Bill before a joint session...
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CBN grants Xpress Payments mobile money licenceCb
A subsidiary of Xpress Holdings Limited, Xpress Payments, has been granted a mobile money operator licence by the Central Bank...
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