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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...

Following the unveiling of its range of lubricants late last year, the NNPC Retail Ltd, one of the Downstream subsidiaries of the Nigerian National Petroleum Corporation (NNPC), has commenced the roll-out...

Nigeria’s Gross Domestic Product (GDP) grew by 2.55% in real terms in the fourth quarter (Q4) of 2019, up from 2.38% growth recorded in the fourth quarter of 2018. This means there was a 0.17% point...

The Central Bank of Nigeria (CBN) on Thursday said it has so far recovered  and returned over N60 billion taken from customers accounts by banks as excessive charges. This was disclosed at a two-day customers...

The Department of Petroleum Resources has said that Nigeria’s crude oil reserves of 37 billion barrels will be depleted in 49 years. According to the agency, oil reserves declined from 37.45 billion...

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...