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...
The House of Representatives on Wednesday constituted an adhoc committee to investigate the non-remittance of the sum of $5 billion into the federation account by the Central Bank of Nigeria (CBN).
The...
The Nigerian government has taken a giant step towards enforcing the global ban on illegal ivory trade by confiscating dozens of elephant tusks illegally imported into the country.
The Nigeria Customs...
Vice President, Prof. Yemi Osinbajo has said that the payment of higher electricity tariffs by Nigerians in the nearest future is inevitable.
Prof. Osinbajo who stated this on Monday at the 6th Presidential...
President Muhammadu Buhari on Monday said he was under immense pressure from many patriotic Nigerians to establish a national airline.
While receiving the President of the International Civil Aviation...
The Federal Government of Nigeria has recovered a total sum of $64.6 million out of about $115.91 million owed operators in the electricity industry from two of her West African neighbours namely the...
President Muhammadu Buhari on Tuesday presented the sum of ₦8.612 trillion as the 2018 Appropriation Bill to a joint session of the National Assembly in Abuja.
The President stated during the session...
The scarcity of Jet A1, widely known as aviation fuel which started last weekend has paralysed flight operations as it has led to delays and cancellations especially the Abuja to Lagos route which is domestically...
African Development Bank (AfDB) on Tuesday said it could consider Nigeria for an additional $400 million loan if such a request was approved by its board.
In a statement issued through its Director, Communications...
Nigeria’s President, Muhammadu Buhari has called on member nations of the Economic Community of West African States (ECOWAS) to tread carefully in pushing for a single currency in the sub – region...
The International Monetary Fund (IMF) on Wednesday warned the Federal Government of Nigeria about its rising debt profile arising especially from foreign loans.
The warning is coming after President Muhammadu...
The Kogi State Government has said that in no distant time, the rice which will be produced in the state will be capable of feeding the entire nation.
Addressing newsmen in Lokoja on Monday, the...
Latest data released on Tuesday by the National Bureau of Statistics (NBS) on Nigeria’s Gross Domestic Product (GDP) shows that the country’s economy grew at 0.55 percent in the second quarter (Q2)...
The revenue disbursed and shared by the federal, state and local governments in Nigeria in August shrunk to N467.8 billion, signaling a N184.2 billion decrease from the N652 billion which was shared in...
Kebbi State Governor, Abubakar Atiku Bagudu has stated that the state has the dream of exporting goats, rice and other agricultural products from indigenous farmers to Japan and New York in the United...
