The Nigerian National Petroleum Corporation (NNPC) said it met its financial obligations to the Federation Account last year by remitting ₦1.26 trillion as against the ₦1.22 trillion projected in the...

The Federal Government of Nigeria has generated the sum of ₦393.799 billion from Value Added Tax (VAT) in the first four months of this year. Official data released by the government over the weekend...

The 36 state governors in Nigeria have asked President Muhammadu Buhari to call the Nigerian Financial Intelligence Unit (NFIU) to order by stopping the moves by the agency to stop them from tampering...

The Securities and Exchange Commission (SEC) on Thursday warned Nigerians against engaging in a fraudulent online investment scheme tagged ‘Loom Money Nigeria’. The Acting Director-General of the...

 Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on Wednesday said that with the country’s rapid increase in population, Nigerians should prepare for the tough times that lie ahead. Dr....

 Transactions of the Nigerian government through the Treasury Single Account (TSA) now stand at over ₦30 trillion.  The Coordinator of TSA in the Office of the Accountant-General of the Federation...

The Federal Executive Council (FEC) on Wednesday approved the sum of ₦970.2 million for the construction of residential accommodation for personnel of the Nigeria Customs Service (NCS). Briefing State...

President Muhammadu Buhari has ratified the appointment of a former Minister of Commerce, Bello Maitama-Yusuf as member of the Board of Directors of the Nigerian Railway Corporation (NRC). Maitama-Yusuf,...

President Muhammadu Buhari has ordered the issuance of import waivers for three of the modular refineries in a bid to boost the projection by the Federal Government that Nigeria would begin fuel exportation...

According to latest data by the National Bureau of Statistics (NBS), Ondo State outran thirty-five other states in Nigeria in the accrual of Internally Generated Revenue (IGR) in 2018. Ondo grew its...

The Society of Women in Taxation (SWIT) says Lagos State alone contributed 70% of the ₦5.2 trillion taxes collected in Nigeria last year. Speaking on Wednesday during the handover ceremony of the leadership...

The Saudi Arabian Minister of Energy Industry and Mineral Resources, Khalid Al Falih has hinted on the possibility of his country establishing a refinery in Nigeria. Khalid Al Falih dropped the hint on...

A Singaporean agro-allied company, Olam International Limited on Tuesday offered to acquire Dangote Flour Mills Plc (DFM) for ₦130 billion. In a notice to the Nigerian Stock Exchange (NSE), Dangote Flour...

Despite concerns over the country’s rising debt profile, the Nigerian government is seeking to obtain another fresh external loan of $247.3 million for the development of infrastructure. The approval...

Nigeria’s Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has claimed that the landing cost of Premium Motor Spirit (PMS) also known as petrol is now  ₦35 higher than the pump price of...

The International Monetary Fund (IMF) on Thursday ranked Nigeria as the second worst country in the world in the use of sovereign wealth funds. In its Fiscal Monitor report released at the ongoing Spring...

Shareholders on Tuesday filed a new lawsuit against Boeing, accusing the company of defrauding them by concealing safety deficiencies in its 737 Max planes before two fatal crashes led to their worldwide...

The World Bank has revealed that Nigeria’s economy has been slipping since 1995 and had continued the downward trend up till 2018. In its latest report on the regional economy titled, ‘Africa’s Pulse’...

The Debt Management Office (DMO) has revealed that Nigeria’s aggregate public debt grew 12.25 percent as at December 31, 2018, totalling ₦24.387 trillion ($79.437 billion) as compared to ₦21.7 trillion...

The International Monetary Fund (IMF) says Nigeria’s economy is recovering as President Muhammadu Buhari’s economic initiatives have been able to greatly strengthen the country’s reserves.  According...