Activities opened for the month of April on Wednesday still on a bearish trend, with a…
Category: Business
Breaking: FG reduces petrol price to N123.5 per litre
The Federal Government on Tuesday night reduced the price of petrol from N125/litre to N123.5/litre. Current…
Naira depreciates further as N412 sell for a dollar
The dollar exchanged for N412 on Monday at the Bureau De Change segment of the market. This…
CBN suspends cheques clearing instruments indefinitely
The Central Bank of Nigeria on Monday suspended indefinitely the clearing of cheque instruments in the…
COVID-19: NIPCO rallies support for customers, workers
NIPCO Plc has heightened the support for its customers and staff towards the prevention of coronavirus ravaging…
COVID-19: Global oil demand may drop by 18.7m bpd
Global oil demand could plummet by 18.7 million bpd in April, deepening an expected demand plunge of…
Naira Depreciates To N410 Per Dollar As Local Currency Weakens
Nigeria’s currency depreciated to N410 per one dollar at the parallel market, popularly known as the…
Coronavirus: Stop Wasting Money Buying Hand Santizer , See How To Produce It
Since hand sanitizer price skyrocket over night my dear ones make yours at home. Let them…
Updated: Oil prices regain some ground but still very low
Oil prices regained some ground in volatile Asian trade on Monday, but remained at multi-year lows…
Nigeria consumed N2.64tn petrol in 13 months says NNPC
The Nigerian National Petroleum Corporation said on Sunday that it sold a total of 21.51 billion…
Stock market suffers N280bn loss in one week
Equity trading on the floor of the Nigerian Stock Exchange closed last week on a negative…
Coronavirus: PTAD adjusts verification, complaint resolution processes
The Pension Transitional Arrangement Directorate has made temporary changes to its verificatiaon and complaint resolution procedures…
CBN effects devaluation but says it is price adjustment
The Central Bank of Nigeria has reacted to news it has devalued the Naira by as…
Nigerian Central Bank Starts Uniform Exchange Rate for Naira
Nigeria’s central bank will migrate to a single exchange rate for the naira by collapsing the…
Why We Can’t Sell Petrol At 125/Litre – Marketers
Private fuel marketers have yet to reduce the pump price of Premium Motor Spirit ( petrol…
Market Forces will Compel Compliance with New Petrol Price – Mele Kyari
The Nigerian National Petroleum Corporation (NNPC) has called for patience on the part of fuel consumers…
Coronavirus: Naira Crashes In Value, Dollar Sells For N420
On Thursday, the naira exchanged between N405 and N420 to a dollar in the Bureau De…
Nigeria 2020 budget on risky paths
The country’s ability to attract sustainable foreign direct investments has remained weak as the bulk of…
Godwin Emefiele Reveals When CBN Will Devalue Naira
Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has said the likelihood of…
Consumers cry out as Discos increase tariff by 33 per cent
More Nigerians have continued to raise the alarm over plans by Eko and Ikeja Electric distribution…
Oil Plummets 30% As OPEC Deal Failure Sparks Price War Fears
Oil prices plunged 30% in early trading after OPEC’s failure to strike a deal with its…
How tight CBN’s monetary policies hit banking stocks
The tight monetary policies of the Central Bank of Nigeria (CBN) have continued to pummel the…
Reps probe CBN, FIRS, others over $30bn leakage
The House of Representatives has resolved to investigate the Central Bank of Nigeria and the Federal…
Nigeria overtakes South Africa as Africa’s biggest economy
As if a recession wasn’t enough bad news for South Africa, it’s now confirmed as the…
Bring Inflation Down To 5% To Stabilise Economy— Peterside Tells CBN
One of the most respected bankers in Nigeria and former Group Chairman of Stanbic IBTC, Mr…
Nigeria faces harder times as OPEC mulls 2.7 million daily cut
Nigeria’s vulnerable economy may face further challenges following plans by the Organisation of Petroleum Exporting Countries…
Dangote Refinery to employ over 70,000 workers, says CBN
Central Bank of Nigeria (CBN) Governor Godwin Emefiele has said Dangote Refinery will employ over 70,000…
Group asks NNPC to show location of ‘special projects’ in Akwa Ibom
Akwa Ibom Leaders’ Vanguard has accused the Nigerian National Petroleum Corporation (NNPC) of executing some ‘Special…
Border closure hits Dangote, export moved to Congo
Dangote Cement exports from Nigeria to neighbouring countries fell 41% in 2019 when Nigeria’s government closed…
PoS transactions fall by 16%
Financial sector experts are divided over the 16 percent month-on-month, MoM, decline in the value of…
Why refineries in Nigeria will not work
At the backdrop of the announcement of the Federal Government’s plans to rehabilitate the country’s refineries…
How Buhari regime depleted ECA by N1.5tn
Between 2015 and 2019, the Federal Government withdrew N1.5tn (about $4.92bn) from the Excess Crude Account,…
Lagos airport safe for international flights landing, FG assures
The Federal Government has announced that the two runways at the Murtala Muhammad International Airport (MMIA)…
Delta earmarks $1 Billion for carbon neutral Airline Project
From March 1, 2020, Delta Air Lines is committing $1 billion over the next 10 years…
CBN to create 10m jobs in 5 years
The Central Bank of Nigeria has said that it would create about ten million jobs in five…
Towards an end to bilateral air bazaar
Besides the national pride of flying the green-white-green across boundaries, there is more for the local…
IMF Cuts Nigeria’s 2020 Growth Forecast To 2%
The International Monetary Fund (IMF) on Monday announced the downward review of growth forecast for Nigeria’s…
Ikeja Electric targets N170bn revenue in 2020
Ikeja Electric (IE) Plc says it is a targeting a total revenue of N170 billion in 2020…
African World Airlines and Its Dangerous Greed
My first worry was therefore about the size of the airline’s aircraft. They were tiny like…
Market sustains uptrend as index rises marginally by 0.02%
Transactions on the equities sector of the Nigerian Stock Exchange (NSE), sustained previous day uptrend, following…
No privatisation of refineries, JV assets yet, says BPE
There are no plans yet to privatise Nigeria’s ailing refineries, at least not for the 2020 fiscal…
NNPC, U.S. seal $1.1 million pact for 1,350MW Abuja power plant
A $1.1 million pact, expected to generate 1,350 megawatts (MW) Independent Power Plant was yesterday, in Abuja,…
Adesina Predicts $1trn Growth In Agriculture By 2030
The size of food and agriculture in Africa will grow to $1 trillion by 2030. President…
Aliko Dangote Remains Africa’s Wealthiest Person For 9th Successive Year
For the ninth year in a row, Aliko Dangote of Nigeria has been declared as the…
SON Shuts 13 Firms Over Standards Infractions
The Standards Organisation of Nigeria (SON) has sealed 13 steel factories in the country for Standards…
Traditional institutions critical to agricultural development-Perm Sec
Dr Abdulkadir Mu’azu, Permanent Secretary, Federal Ministry of Agriculture and Rural Development, says traditional institutions has…
Fg targets June for fiscal landscape for oil, gas sector – Kyari
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, said that…
Group seeks stable tariff for cargo clearance
The Chief Executive Officer, BOMARAH Group of Companies, Hajia Bola Muse, has urged the Federal Government…
Electronic Payment Transactions Hit N151tn
The total value of transactions through various electronic payment (e-payment) channels in the country rose by…
Approval of $500m loan will rejig NTA to compete with CNN- Lai Mohammed
Minister of Information and Culture, Lai Mohammed, has pledged to turn around the Nigerian Television Authority…
US fund managers dominated Ghana’s Eurobond sale – Finance Ministry
Fund Managers from the United States of America dominated the recent sale of Ghana’s Eurobond. This…
MFB To Grow Loans To N170bn In 2020
Nigeria recorded N4.784 trillion in estimated cumulative manufacturing investment in six years, data from Manufacturers Association…
“Nobody eats GDP” Says Akinwumi Adesina
Africa’s economies are growing strongly, but growth alone cannot meet the needs of the continent’s poorest…
FIRS Warns Against Evasion As 7.5% VAT Begins
As the implementation of the new 7.5 per cent Value Added Tax rate begins on Saturday…
Nigeria To Increase Visa Categories From 6 To 79
The Nigeria Immigration Service (NIS) is set to expand categories of visas issued to foreign citizens…
Stock market begins new VAT implementation
The stock market will begin implementation of the new Value Added Tax (VAT) rate of 7.5…
MTN budgets $1.6bn for investment in Nigeria
The Minister of Communications and Digital Economy, Dr Isa Pantami, has expressed delight as the Mobile…
Group Reveals How to make local rice attractive to Nigerians
The Nigeria Farmers Group and Cooperative Society (NFGCS), on Tuesday said that one major way to…
Lagos State Govt upgrades Agricultural Supply Chain
Lagos State Government has said that it would upgrade the agricultural supply chain by connecting all…
FG records N1.14tr deficit in three months
The fiscal operations of the Federal Government in the fourth quarter of 2019, showed an estimated…