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...

Nigeria’s Minister of Aviation, Hadi Sirika appears to have dampened the enthusiasm of many advocates of a national carrier for Nigeria. On Wednesday, he said Arik Air currently does not possess what...

The Federal Government of Nigeria on Tuesday said the 36 state governors in the country kicked against its plan to extend the repayment period of its budget support to state governments from 20 to 30 years. The...

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele says the nation’s land borders will remain closed until neighbouring countries meet the requirements for them to be reopened. Emefiele,...

The Debt Management Office (DMO) says the Nigerian government owes N25.7 trillion in debt both domestically and externally as at June 30. The DMO stated this in its ‘Total Public Debt Portfolio’ obtained...

Nigeria’s Minister of Agriculture and Rural Development, Sabo Nanono on Monday said that the country was producing enough food to feed itself and send to neighbouring countries. Nanono, who made the...

The Central Bank of Nigeria (CBN) says the administration of President Muhammadu Buhari earned a total of N16.647 trillion from the oil and gas industry in its first tenure from May 2015 to April 2019. According...

Nigeria’s House of Representatives on Thursday passed a bill sponsored by the Speaker, Femi Gbajabiamila which criminalizes the estimated billing of electricity consumers by Distribution Companies (Discos)...

The Central Bank of Nigeria (CBN) and the Financial Reporting Council  have sanctioned four commercial banks in the country between January and June for various infractions. The nation’s apex bank imposed...

The Oyo State government on Sunday exempted churches and mosques from paying levies and taxes to the coffers of the state . The government position is in sharp contrast to the immediate past administration...

The first of over 155,000 stranded British tourists are being flown back home after renowned travel agent, Thomas Cook collapsed on Monday. The United Kingdom’s Civil Aviation Authority (CAA) is...

  Two representatives of Process and Industrial Development (P&ID) Ltd on Thursday pleaded guilty before the Federal High Court in Abuja to charges of fraud and tax evasion instituted against...

The Chairman of Alibaba, Jack Ma is due to step down from the e-commerce giant today, Tuesday marking the end of an era for the firm. Alibaba, which was co-founded by Mr. Ma in 1999 has grown to become...

 Oyo State Governor, Seyi Makinde has slashed the state’s budget, saying that the initial N285 billion 2019 budget presented to the state House of Assembly was unrealistic. In a tweet on  his verified...

  The management of MTN Nigeria has announced the closure of all its service outlets and offices across the country till further notice following attacks on its facilities by aggrieved Nigerians.  In...

The Gross Domestic Product (GDP) of Nigeria recorded a year-on-year growth of 1.94 percent in real terms in the second quarter of 2019. According to the latest data released on Tuesday morning by the...

The Coalition of Northern Groups (CNG) has accused southerners of taking over jobs traditionally meant for northerners. In a statement over the weekend by its spokesman, Abdul-azeez Sulaiman, the CNG...

 The Central Bank of Nigeria (CBN) says the general public can return mutilated bank notes to their banks after the September 2, 2019 deadline earlier given. The Director, Corporate Communications of...