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Business activities fall to three-year low over elections –Report
Nigeria’s private sector activity has contracted for the first time in almost three years as companies reduce output and cut...
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Amidst Macro Economic Challenges, Banks’ Prime Lending Rate Hit 13.67% in January
Amid severe macro economic challenges and increase in Monetary Policy Rate (MPR), commercial banks’ prime lending rate to most credit-worthy...
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CBN proposes eNaira for $800m cash transfer scheme
In an effort to drive a cashless economy, the Central Bank of Nigeria has suggested the use of eNaira for...
Read more59% of Nigerian E-banking Customers Have Been Victim to Fraud
A survey carried out by Agusto&Co has revealed that 59 per cent of bank customers sampled indicated that they have...
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Roads are depreciating assets, says Fashola
The Minister of Works and Housing, Babatunde Fashola, has described roads as depreciable assets that must be maintained in order...
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Buhari unveils new Naira notes
President Muhammadu Buhari has unveiled the new currency notes on Wednesday morning before the federal executive council (FEC) meeting at the...
Read moreFuel 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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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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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...
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...
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CBN 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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Ikeja club’s newly-elect president seeks sustainable growth
The newly inaugurated President of Ikeja Viva L’amour Lions Club, Judith Akapo, has emphasised on the continuous service to humanity...
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No going back on power sector privatisation – FG
The Federal Government has reiterated its resolve and openness to more private sector collaboration as the only viable means of...
Read moreShea butter, vegetable oil import gulp $264m – RMRDC
The Raw Materials Research and Development Council has said Nigeria spent $264m on the importation of shea-butter and castor oil...
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FG loses 13.21m-barrels oil worth N603.64bn in 2022
Nigeria lost about 13.21 million barrels of crude oil with an estimated worth of N603.64bn between January and August this...
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PoS transactions jump to N8tn – NIBSS report
The value of Point of Sale transactions in Nigeria has jumped 39 per cent to N8.03tn in 2022, according to...
Read moreReps query agric ministry’s N18bn bush-clearing contracts
The House of Representatives’ Committee on Public Accounts is investigating the Federal Ministry of Agriculture over the award of contracts...
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Controversy as Seplat denies ExxonMobil deal cancellation
Nigeria’s crude oil production plunged by 2.3 million barrels in July 2022 when compared to what the country produced in...
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Lions Clubs urges govt to revamp economy
The International Association of Lions Clubs has urged the Federal Government to revamp the economy to tackle problems of health...
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Diesel hike: NRC reduces Lagos-Ibadan trips by 67%
The hike in diesel price has forced the Nigeria Railway Corporation to reduce the number of trips on the Lagos-Ibadan...
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Agric budgets hit N874.83bn, food imports gulp N7.81tn
The Federal Government budgeted about N874.83bn for the Federal Ministry of Agriculture and Rural Development from 2016 to 2021, whereas...
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