The African Development Bank has agreed to an external review of an investigation that found no evidence of wrongdoing by its president, Akinwumi Adesina, after a shareholder dispute over the probe. As...

The Nigerian National Petroleum Corporation (NNPC) has raised an alarm over prevalent low grade and contaminated AGO, otherwise called, diesel offered at discounted prices in parts of Nigeria. The alarm...

President Muhammadu Buhari has approved the nomination of a former Coordinating Minister for the Economy, Ngozi Okonjo-Iweala, for the position of director-general of the World Trade Organisation. TheCable reported...

The House of Representatives has approved the request by President Muhammadu Buhari for yet another hefty loan request. The lawmakers approved the request at Tuesday’s plenary after the committee on...

The Petroleum Products Pricing Regulatory Agency (PPPRA) has announced a new pump price band of N121.50 to N123.50 per litre for petrol in Nigeria. In a letter to petroleum products marketers, the...

Nigerian President Muhammadu Buhari has written to the National Assembly seeking a fresh $5.513bn external loan to finance the revised 2020 budget. In a letter read by Speaker of the House of Representatives,...

The Nigerian economy grew by 1.87% over the last year in the first three months of 2020. from a year earlier. This is according to the first quarter (Q1) GDP report, released by the National Bureau of...

The Nigerian National Petroleum Corporation (NNPC) Wednesday announced a reduction in the ex-depot price of petrol from N113.28k per litre to N108.00K per litre across all its products loading facilities...

Nigeria has received $3.4bn emergency financial assistance from the International Monetary Fund. The Federal Government said it will use the funds ‎to address challenges arising from the economic impact...

General Electric announced Monday it will cut an additional 10,000 jobs from its aviation sector as the coronavirus pandemic decimates the industry, forcing companies to cancel orders. The cuts will be...

The Central Bank of Nigeria (CBN) has lifted the temporary suspension it placed on the clearing of cheques in the country, with effect from today. This was disclosed  in a circular posted on its website...

The Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva, has appointed Nigeria’s two-term Minister of Finance and former Managing Director (Operations) of the World...

The NNPC Retail Ltd., one of the downstream subsidiaries of the Nigerian National Petroleum Corporation (NNPC), has clarified that all its filling stations across Nigeria were selling premium motor spirit...

The Board of the Federal Inland Revenue Service (FIRS) has approved the appointment of four Coordinating Directors (CD) and two Group Leads (GL) in acting capacity and retired some directors. This was...

The Central Bank of Nigeria (CBN) has announced  that the apex bank would support critical sectors of the economy with N1.1 trillion intervention fund. CBN Governor, Godwin Emefiele made the disclosure...

The Nigerian National Petroleum Corporation (NNPC) has challenged professionals in the Nigerian Petroleum sector to come up with solutions to tackle current challenges facing the industry. The Group Managing...

The Central Bank of Nigeria has announced six initial policy responses to combat the impact of the Covid-19 scourge on the Nigerian economy. The measures are: Extension of moratorium on loans, interest...

The Nigerian National Petroleum Corporation (NNPC) has assured Nigerians that as a National Oil Company, it would continue to provide equal opportunity for all staff members to grow their careers irrespective...

Nigeria’s economic growth beat forecasts in the fourth quarter, helping its economy to expand the most in four years in 2019 as oil output increased and the Central Bank took steps to boost credit growth....

South Africa slipped into recession in the final three months of 2019, the country’s statistics bureau said on Tuesday. This is the third contraction to hit the economy since the end of apartheid...