The Senate President, Ahmed Lawan has said the Senate is set to approve the USD30 billion proposal forwarded to it  by President Muhammadu Buhari. He disclosed this on Monday in Abuja. The previous Senate...

Boeing has announced in a statement that it is temporarily halting production of its grounded 737 Max but it could not say when the production will possibly resume. The Max, which was Boeing’s bestselling...

A Federal High Court sitting in Abuja on Monday has ordered the transfer of Soku oil field from Bayelsa State to Rivers State. Justice Inyang Ekwo, ordered the National Boundary Commission to rectify the...

The Managing Director of May & Baker Plc., Mr. Nnamdi Okafor, has said that the ban by the Federal government on the production and distribution of codeine-based cough syrup has caused the company...

A critical step towards the realization of the Train 7 Project of the Nigeria Liquefied Natural Gas (NLNG) was taken Friday in Abuja with the signing of a Gas Supply Agreement between the company and...

China and the U.S. have reached an agreement on the text of a phase one trade deal and will now move toward signing a deal as quickly as possible. Under the accord, the U.S. will scrap tariffs on Chinese...

The Nigeria Civil Aviation Authority (NCAA) has ordered Turkish Airlines to suspend its operations into Nigeria. This was disclosed in a letter from the Acting Diriector-General of the NCAA, Abdullahi...

The Nigerian Gas Company (NGC), the gas transportation subsidiary of the Nigerian National Petroleum Corporation (NNPC), is looking at expanding its footprint in the nation’s gas sector and, in turn,...

The Central Bank of  Nigeria (CBN) is set to increase the Loan/Deposit Ratio of banks to 70% in 2020. This was disclosed by the Deputy Director, Financial Policy & Regulation Department, CBN, Hassan...

The Nigerian National Petroleum Corporation (NNPC) has laid out steps to mitigate the ragging twin menace of pipeline vandalism and crude oil theft in the nation’s Oil and Gas Industry. Speaking...

Moody’s Investors Service, one of the global credit rating agencies, in its most recent report, changed its outlook on Nigeria’s credit ratings from stable to negative. According to the rating...

The use of cryptocurrency known as bitcoin has continued to rise in Nigeria despite warnings by the Central Bank of Nigeria (CBN) that digital currencies are not legal tenders. The Chartered Institute...

The Nigerian Senate has passed the 2020 budget. The budget was increased from N10.33 trillion to N10.6 trillion (10,594,362,364,830). The National Assembly also raised its budget for 2020 from  N125bn...

The banking sector recorded 800,201,498 volume of transactions valued at N42.76tn within the third quarter of this year. The figure is contained in the banking sector report which was released by the National...

The board of the African Development Bank (AfDB) has approved the NTEP-1 projects of the Transmission Company of Nigeria (TCN) worth $210 million in a board resolution in Abidjan, the Ivorian capital. The...

The Nigerian government has spent $1.66 billions in servicing her external debt in one year, from July 2018 to June 2019. An analysis of the data obtained from the Debt Management Office (DMO) also showed...

Coca-Cola has for the second consecutive year been named the world’s largest plastic polluter. According to the non-profit Break Free From Plastic organization, the Atlanta-based Coke is the biggest...

A total of six banks generated N675.9bn from non-interest income in the first nine months of 2019, an increase of about 12 percent from the N606 billion generated by the banks in the same period last year. Non-interest...

The Independent Corrupt Practices and other Related Offences Commission (ICPC) has expressed dismay that the N100 billion annual allocation to constituency projects across Nigeria was yet to achieve the...

According to latest figures released by the Central Bank of Nigeria (CBN) on Thursday, Nigeria’s foreign reserves fell by $1.26 billion from $41.76 billion on October 2 to $40.5 billion as at October...