The Central Bank of Nigeria (CBN) has reiterated the plan to fully implement the cashless policy which is expected to ensure swift and seamless payments as from March 31, 2020. Director, Corporate Communications...

The federal, state and local governments in Nigeria have shared a total of N647.35 billion for the month of January. The N647.35 billion comprised Statutory Revenue, Value Added Tax (VAT), Exchange Gain,...

The Nigerian power sector lost about N19.15 billion in 10 days due to constraints arising from insufficient gas supply inadequate and weak  distribution and transmission infrastructure.This is according...

N8.15 trillion from the Federation Account was reportedly shared among the Federal Government, the 36 States and the 774 Local Governments across Nigeria in 2019. This is according to the Nigeria Extractive...

WhatsApp has two billion users around the world, up from 1.5 billion by the end of 2017, the company announced on Wednesday. This means WhatsApp harnessed 500 million new customers within two years. The...

Airbus on Thursday reported a net loss of 1.36 billion euros in 2019 after being hit by a 3.6 billion euro fine over a bribery scandal and extra development costs for the A400M transport aircraft. The...

Nigeria Liquefied Natural Gas (NLNG) has signed an agreement with Galp Trading SA to supply one million tonnes of LNG per year. Nigeria had earlier signed a deal with Eni and Total Gas & Power for...

Nigeria’s Minister of  State for Petroleum Resources, Chief Timpire Sylva on Wednesday disclosed that one billion barrels of crude oil have been discovered in the North-East region of the country. He...

The Central Bank of Nigeria, CBN has imposed foreign exchange restriction on the importation of milk into the country. According to the CBN, the decision was in line with its objective to increase the...

According to Forbes, for the ninth year in a row, Aliko Dangote of Nigeria is the wealthiest person in Africa, with an estimated net worth of $10.1billion. In Forbes latest ranking, Dangote’s present...

The Nigerian National Petroleum Corporation (NNPC) has stated that it would expand its operational footprints across the globe, saying the move would enable the corporation boost its global profile. The...

President Muhammadu Buhari has officially launched the Nigerian Visa Policy 2020. The new policy is designed to support the country’s effort to meet its economic recovery and growth plan. According...

The Federal High Court sitting  in Lagos on Thursday struck out a N3bn fundamental rights enforcement suit filed by telecommunications firm, MTN Nigeria Communications Ltd, against the Attorney General...

The Senate has confirmed the nomination of Dr. Kingsley Isitua Obiora for appointment as  Deputy Governor of the Central Bank of Nigeria(CBN). President Muhammadu Buhari, had in a letter to the Senate...

South Korea’s economy expanded at its slowest pace for a decade in 2019. The world’s 12th largest economy grew 2.0 percent in 2019, down from 2.7 percent the previous year and the worst performance...

The Nigerian National Petroleum Corporation (NNPC) has called for the support of traditional rulers and other stakeholders to curb oil theft and resulting incidents of pipeline fires. The Group Managing...

Access Bank has  acquired 100% of Kenya’s Transnational Bank Plc and its 28 branches after the Central Bank of Kenya (CBK) gave its approval for the acquisition. Effective February 1. 2020, 100% of...

SunTrust Bank Limited has appointed Mrs. Halima Buba as its Managing Director/Chief Executive Officer. She is taking over from Mr. Ayo Babatunde. The Central Bank of Nigeria (CBN) approved her  appointment...

President Muhammadu Buhari has nominated Kingsley Obiora to replace Okwu Joseph Nnanna as  the Deputy Governor, Economic Policy Directorate of the Central Bank of Nigeria. Okwu Joseph Nnanna is to ...

The Federal Government will from February 1 begin the implementation of 7.5 per cent Value Added Tax. The law will take effect after all the necessary administrative procedures must have been completed,...