A recent report from the Nigerian National Petroleum Corporation (NNPC) says the production of natural gas in the country has risen by over 8 percent since June this year.
The report disclosed that during...
Although it is no longer news that Nigeria is the ‘world’s poverty capital’ with over 86.9 million people living below the poverty line, what is new is that over 1.1 million Nigerians have...
The Asset Management Corporation of Nigeria (AMCON) has released the list of what it called delinquent debtor firms who owe it ₦906,109,840,662.99 in total.
In an advertorial which was published on...
Nigeria, Africa’s largest economy has moved up 10 places in the recent Global Competitiveness Report released by the World Economic Forum (WEF) on Wednesday.
According to the report, Nigeria improved...
The Nigerian Senate has called on the country’s apex financial institution, the Central Bank of Nigeria (CBN) to look into the Automated Teller Machine (ATM) maintenance and withdrawal charges by banks...
Nigeria’s Minister of State for Petroleum Resources, Dr. Ibe Kachikwu says the country is currently going through a full-blown energy crisis that could linger for a long time if it fails to articulate...
Nigeria’s Minister of State for Petroleum, Ibe Kachikwu says all refineries in the country will be fully functional before the end of 2019 as the country’s current administration remains committed...
The Federal Government of Nigeria has increased the gas flare penalty from ₦10 per thousand standard cubic feet of gas to $2 or ₦612.8 (at the official exchange rate of N306.4 to one dollar) per thousand...
The Federal Government has ordered the immediate recall of $2.7 billion (₦972 billion) London and Paris Club refunds payment to Osun, Imo, Delta, Rivers and Benue States.
Although no reason was given...
The Central Bank of Nigeria (CBN) has revoked the operating licence of Skye Bank Plc.
This was disclosed by the Governor of Central Bank, Godwin Emefiele today.
Polaris Bank has been established to...
The Nigerian Police Force announced that it has traced $470.5 million belonging to NNPC Brass LNG hidden in some commercial banks accounts in Nigeria. The police also said it discovered another N8,807,264,834.96,...
The Minister of State for Aviation, Hadi Sirika, on Wednesday, announced the suspension of the planned national carrier, Nigeria Air.
He made the announcement via his twitter handle. Read tweet below:
I...
At least twelve banks in Ibadan were sealed on Monday morning by the state’s Board of Internal Revenue for non-payment of Environmental Development Levy for over three years.
Two enforcement teams from...
Deputy Secretary-General of the United Nations (UN), Amina Mohammed has said that Dr Ngozi Okonjo-Iweala, Nigeria’s two-time Minister of Finance, spent years to get the country out of debt, but...
Omoyele Sowore, a presidential hopeful in Nigeria and publisher of an online newspaper, Sahara Reporters says he will make the country a marijuana exporting hub if elected as the country’s president.
The...
The Central Bank of Nigeria (CBN) on Wednesday disclosed that it has sanctioned and imposed a total fine of ₦5.87 billion on four banks for flagrant violation of extant laws and regulations.
In a statement...
Confidence over the rising health of Africa’s largest economy has been dealt a heavy blow after Nigeria’s economic growth decelerated in the second quarter of 2018.
The nation’s Gross Domestic...
The joint venture between Chevron Nigeria Limited (CNL) and the Nigerian National Petroleum Corporation (NNPC), through the Global Memorandum of Understanding (GMoU) with communities in its area of operations...
The Minister of Information and Culture, Alhaji Lai Mohammed on Tuesday revealed that the Federal Government has raked in ₦13.8 billion from tax evaders through its whistle blower policy.
Speaking to...
Apple has become the first United States-listed company to be valued at a trillion dollars. The company founded by Steve Jobs and Steve Wozniak was worth $3 billion when Jobs returned to revitalize it...
