The Peoples Democratic Party (PDP) says President Muhammadu Buhari’s assertion that the 2018 budget which he signed on Wednesday will be unimplementable as a clear admission that he lacks the capacity...

The Chinese government on Tuesday threatened to retaliate against the latest additional tariffs imposed on its goods by  United States President, Donald Trump. China’s Commerce Ministry accused the...

In a move to protect local production and prevent incessant cross-border smuggling of foreign rice into Nigeria, the Federal Government has directed the closure of the nation’s land border. Speaking...

The Emir of Kano, Muhammadu Sanusi II says the subsidy regime in the Nigerian National Petroleum Corporation has compromised the corporation to the extent that it would  take only an angel to run the...

The Federal Government says it has recovered about ₦30 billion both from individuals and corporate establishments through the Federal Government-initiated Voluntary Assets and Income Declaration Scheme...

The Federal Government has said it plans to start raising high walls at the nation’s borders as a way of checking the rising spate of insecurity and regular smuggling of arms and ammunition into the...

Minister of Budget and National Planning, Udo Udoma says President Muhammadu Buhari is yet to sign the 2018 Appropriation Act recently sent to him by the National Assembly because he is still reviewing...

Strong indications emerged over the weekend that the prices of imported goods and fuel may rise after shipping companies including Maersk and Mediterranean Shipping Company (MSC) announced a rate hike...

The National Economic Council (NEC) on Thursday ordered the Nigerian National Petroleum Corporation (NNPC), the Nigeria Customs Service (NCS), the Federal Inland Revenue Service (FIRS) and other agencies...

China’s central bank on Thursday announced that it has signed a three-year bilateral swap agreement with Nigeria worth $2.36 billion (15billion yuan). The People’s Bank of China (PBOC) disclosed on...

The World Bank has raised concerns over the rising debt profiles of African countries, including Nigeria. During the release of ‘Africa Pulse’, a bi-annual analysis of African economies in Washington...

President Muhammadu Buhari has ordered ministers and heads of parastatals to appear before the National Assembly to defend their 2018 budget estimates. The order was issued shortly after the President...

Minister of Power, Works and Housing, Mr. Babatunde Fashola on Monday reassured Nigerians that the Federal Government was still committed to ensuring that the country makes steady progress and growth in...

Group Managing Director of The Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru says Nigerians were being hindered from benefiting from the N145 per litre pump price of petrol because...

The International Monetary Fund (IMF) said majority of Nigerians were getting poorer despite the country’s slow recovery from recession. The Fund said urgent economic reforms were needed but warned...

The Nigerian Senate has said the passage of the 2018 budget is being delayed by ministers and a majority of the ministries, departments and agencies (MDAs) who have refused to either submit details of...

In what seems to be a response to the cries of Nigerian traders over the acute shortage of lower denomination currency notes, the Central Bank of Nigeria (CBN) on Tuesday kicked off an exercise aimed...

Nigeria’s external reserves is expected to rise to a 54 months high of $45 billion this month following the conclusion of Federal Government’s $2.5 billion Eurobond this week. The Eurobond, which...

Buoyed by the ongoing output cuts spearheaded by the Organization of Petroleum Exporting Countries (OPEC) and Russia, the price of Brent crude on Monday hit the $70 per barrel mark. The price increase...

There seems to be no end in sight in the ongoing fight between the managements of Dangote Group and BUA Group of Companies over mining rights in Edo State. The management of Dangote Industries Limited...