Nigeria’s Debt Management Office (DMO) of the Ministry of Finance has said that the nation’s total indebtedness to creditors now stands at N19.16 trillion signifying over N1.8 trillion increase...

Nigeria’s Minister of Agriculture, Audu Ogbeh has said arrangements have been concluded by his ministry to export its first container load of yams to Europe in June this year. He made the disclosure...

The Asset Management Company of Nigeria (AMCON) has concluded arrangements to sell a plant belonging to Peugeot Automobile Nigeria (PAN) Ltd worth over N5 billion ($49 million) to Africa’s richest man,...

The Nigerian Senate has disclosed that a whooping $450 million has been lost by the Federal Government as a result of persistent cyber attacks on the nation’s Information and Communication Technology...

After 15 months of being on the rise, the Consumer Price Index (CPI) which measures the rate of inflation in the Nigerian economy, has dropped for the third consecutive month. According to the National...

The Nigerian National Petroleum Corporation (NNPC) is to resume its search for oil in the Lake Chad basin before the end of the year. The Chief Operating Officer in charge of Gas and Power in the NNPC,...

  Three Nigerian companies have been listed by the London Stock Exchange Group in the inaugural edition of its “Companies To Aspire Africa” report. In the report which showcases Africa’s success...

Telecommunications giant, MTN Nigeria, on Friday, sacked 280 workers, representing about 15 percent of its total workforce. Reports say most of the affected staff who had been in the company’s employment...

  Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said that with the positive results coming from the institution’s various economic policies, the country should be out of its current...

The Nigerian Senate  has said it plans  to investigate revenue leakages amounting to over N4 trillion in the Nigerian Customs Service (NCS). The Chairman, Senate Committee on Customs, Excise and Tariff,...

Nigeria’s Minister of Agriculture and Rural Development, Audu Ogbeh has expressed surprise about the Punch report of Monday which showed that garri imported from India was being sold in Nigeria. Ogbe...

   Twenty-four hours after the Central Bank of Nigeria (CBN) announced its new policy action for the foreign exchange market, it has injected $370.9million into various banks. CBN on Tuesday traded...

  The Managing Director of the Assets Management Corporation of Nigeria (AMCON), Mr. Ahmed Kuru has revealed that the incessant flight cancellations and delays by Arik Air were due to its inability to...

    Nigeria’s Minister of Agriculture, Audu Ogbe has blamed the continued surge in the prices of food items on the high cost of transportation. While addressing State House correspondents at the...

Former Nigerian Military President, Gen. Ibrahim Babangida has said that the current economic downturn in Nigeria is not peculiar to the country. Answering questions from journalists at the Minna International...

  Lastest figures from the Central Bank of Nigeria, for 2017 indicate that Nigeria’s foreign reserve has recorded an 18.2% accretion since its recent uptrend, standing at $27.4bn. This uptrend,...

Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday revealed plans of his administration to leverage on the vast economic opportunities in entertainment, tourism and arts sectors, to grow the Gross...

The temporary relocation of the Abuja airport to Kaduna by the Ministry of Aviation will cost N1.1bn. The Minister of State for Aviation, Hadi Sirika who was speaking to the Senate about the logistics...

  The International Monetary Fund has said there is hope that Nigeria will recover from recession this year. With the nation’s increased crude oil production following an improved security...

The Mavrodi Mondial Moneybox scheme popularly referred to as MMM resumed operations on January 13, 2017. The scheme which made the announcement on its website, informed its members that it had resumed...