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Nigeria: (May 24, 2017) -   Nigeria’s economy contracted for the fifth consecutive quarter by -0.52 per cent in the first quarter of this year, indicating that Nigeria is yet to exit recession. The...
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Nigeria: (May 24, 2017) - OPEC and non-OPEC ministers would meet on Wednesday for informal consultations in Vienna in a last-ditch bid to agree the duration of oil output cuts. The ministers would also seek...
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Nigeria: (May 23, 2017) - Segn Awolowo, the grand son of late Obafemi Awolowo is pictured with Aliko Dangote in the billionaire's private jet. Segun is the CEO of the Nigerian Export Promotion Council (NEPC)...
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Nigeria: (May 23, 2017) -   The Central Bank of Nigeria (CBN) plans to sell an undisclosed amount of dollars on Tuesday to settle a backlog of foreign exchange demand for airlines, fuel and raw material...
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Nigeria: (May 23, 2017) - Centuries ago, the feminine gender was looked upon with derision, simply an object of pleasure and amusement, someone to be seen, not heard, a second fiddle, a dispensable appendage...
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Nigeria: (May 22, 2017) - Ministers from oil exporting countries have been scheduled to meet in Vienna, Austria on Thursday. The meeting is intended to discuss oil production cuts amid increased competition...
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Nigeria: (May 22, 2017) - The Central Bank of Nigeria (CBN) plans to sell $100 million at a special wholesale spot and forwards auction on Monday as it tries to improve dollar liquidity and ease pressure on...
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Nigeria: (May 16, 2017) - In an age where the world’s economy seem to be on a constant downward glide; where the poor are getting poorer and the rich are getting richer; where crime and terrorism seem to be...
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Nigeria: (May 11, 2017) - CEO Africa online TV will be hosting Engr. Yomi Oladipupo today on the programme, Meet Your African CEO. Engr. Yomi Oladipupo is the CEO, Edgewise Global Resources Limited, an ultra-modern...
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Nigeria: (May 11, 2017) - At an auction on Wednesday, the federal government raised N110 billion worth of bonds to mature in 2021, 2027 and 2037. The bond obtained from its website of the Debt Management...
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Nigeria: (May 10, 2017) - Fifteen ships are discharging petroleum products and other commodities at the Lagos ports, the Nigerian Ports Authority (NPA) said on Wednesday. NPA said that the ships were...
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Nigeria: (May 09, 2017) - In spite of the economic recession that hit Nigeria in 2016, the Dangote Cement PLC (DANGCEM-NL) has continued upward, with a strong volume growth that resulted in 25.1 per cent increase...
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Nigeria: (May 09, 2017) - Porting activities within telecommunications service providers increased by 20,190 in March, the Nigerian Communications Commission has said. This was contained in the Incoming and...
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Nigeria: (May 08, 2017) - The Central Bank of Nigeria (CBN) during the weekend indicated that it would sustain its foreign exchange intervention into various segments of the market, thereby heightening expectations...
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Nigeria: (May 08, 2017) -   The Dangote Group has raised alarm over a Ponzi scheme in circulation alleging partnership between the “Dangote brand, Nestle, PZ Cussons and other reputable food processing...
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Nigeria: (May 08, 2017) - There is no doubt that starting up a business can be challenging. Growing a successful business is even more daunting; nevertheless we cannot even begin to imagine the efforts and sacrifices...
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Nigeria: (May 08, 2017) - The first Capital Market Committee (CMC) meeting for the year 2017, begins on Tuesday in Lagos. Hundreds of regulators and operators from the Securities and Exchange Commission as...
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Nigeria: (May 08, 2017) -   The Central Bank of Nigeria (CBN) is set to inject more foreign exchange through intervention segments of the market, thereby heightening expectations that the Naira will...
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Nigeria: (May 05, 2017) - The Central Bank of Nigeria (CBN) has readmitted Stanbic IBTC and Keystone Bank into the spot and wholesale forwards segment of the FX market after they were able to provide evidence...
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Nigeria: (May 05, 2017) -   The Consumer Protection Council (CPC) has urged Nigerians  to be wary of  some new  and unregistered products being introduced into markets, saying many of...
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Nigeria: (May 04, 2017) - Researches have revealed that the average human has about 50, 000 to 70, 000 thoughts per day and about 35 to 48 thoughts per minute. With this incredible number of thoughts we have...
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Nigeria: (May 03, 2017) - The Central Bank of Nigeria (CBN) on Tuesday, barred about 15 commercial banks from dealing in foreign exchange through the recently created small and medium enterprises, SMEs wholesale...
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Nigeria: (May 03, 2017) - South African telecommunications firm, MTN has explained that the severance of the 280 workers in Nigeria was a fallout of MTN’s Voluntary Severance Scheme designed to balance...
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Nigeria: (May 02, 2017) - About 280 staff of MTN Nigeria have been relieved of their jobs by the South African telecommunications firm. Information has it that it was a voluntary exercise based on an agreement...
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Nigeria: (May 02, 2017) - The Minister of Finance, Mrs. Kemi Adeosun, said on Monday that the federal government has commenced payment into the Excess Crude Account (ECA). Adeosun said that for the first...
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Nigeria: (May 01, 2017) - There is no doubt that African economy is fast becoming one of the fastest growing economies in the world as the continent has over the decades broken bounds in areas such as industry,...
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Nigeria: (Apr 27, 2017) - I know a lot of entrepreneurs out there that go through hell with hiring the perfect kind of employee who is loyal, creative, dedicated and smart. Unfortunately, the problem of not...
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Nigeria: (Apr 27, 2017) - Every living being dreams, hopes and aspires to earn fame and fortune during his/her lifetime. That explains why many are in an enthusiastic race to make their desired fortune –...
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Nigeria: (Apr 26, 2017) - The Kebbi State Government has said it has recouped close to N1 billion of the CBN Anchor Borrowers’ Programme loan from 78,500 farmers. The State Deputy Governor, Alhaji Samaila...
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Nigeria: (Apr 26, 2017) - Nigeria’s equities market extended gaining streak yesterday to a tune of N26 billion, riding on the new directive of the Central Bank of Nigeria (CBN) on opening a new foreign exchange...
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Nigeria: (Apr 26, 2017) - The Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele has said that with the various economic policies put in place by the Nigerian government, the country should be out...
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Nigeria: (Apr 26, 2017) - The Alliance for Affordable Internet (A4AI) has ranked Nigeria third in its Africa internet Affordability Drivers Index, out of 27 countries studied by the group. The Africa Regional...
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Nigeria: (Apr 25, 2017) - About 51 Oil Prospecting Licences (OPL) and Oil Mining Lease (OML) of different oil blocks have expired between 2010 and March 2017 and this is therefore threatening about $2 billion...
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Nigeria: (Apr 25, 2017) - The Presidential Ease of Doing Business panel has reduced the number of days required for registration of new businesses in Nigeria from 10 to two days. The panel also approved 24-hour...
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Nigeria: (Apr 25, 2017) - Nigeria’s latest attempt to ease the dollar shortage choking its economy is dependent on traders trusting the central bank. The monetary authority opened a foreign-exchange...
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Nigeria: (Apr 25, 2017) - The Plateau office of the Standard Organisation of Nigeria (SON), has warned manufacturers against dumping substandard goods in the markets. Mr Musa George, the State Coordinator,...
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Nigeria: (Apr 24, 2017) - It is no longer news that we are at an age and time where the world’s economy is rapidly drifting towards capitalism. The corporate and ‘white-collar’ jobs are gradually...
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Nigeria: (Apr 24, 2017) - The CEO, His Majesty Global Schools , Mr Babajide Jnr. has enjoined all youths to strive to be the best in what they do at everytime and everywhere noting that there is no short-cut...
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Nigeria: (Apr 21, 2017) - The naira sustained its momentum on the parallel market yesterday, appreciating significantly by N20 in one day to close at N380 to the dollar, stronger than N400 to the greenback at...
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Nigeria: (Apr 20, 2017) - The Central Bank of Nigeria (CBN) on Wednesday carried out another intervention in the interbank forex market by offering $100 million to authorised dealers to meet the seven to 15-day...
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Nigeria: (Apr 18, 2017) - Central Bank of Nigeria (CBN), on Monday, said it has introduced Form X in the management of foreign exchange. A statement from Abdul Isa of the bank’s Corporate Communications...
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Nigeria: (Apr 18, 2017) - The former Acting Managing Director, Unity Bank Plc, Mr Rislanudeen Muhammad has said it is practically impossible for a bank to allow an individual withdraw $50 million from their...
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Nigeria: (Apr 15, 2017) - A Chinese-made self-driving truck has passed a navigation test, heralding the era of intelligent, automated heavy vehicles that will be rolled out in 2018. FAW Jiefang, the leading...
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Nigeria: (Apr 13, 2017) - Ghana is performing better than Nigeria when it comes to using Point of Sale (PoS) channel for payments during transactions, a report has revealed. According to Indexmundi, Ghana...
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Nigeria: (Apr 13, 2017) - German multinational company, Beiersdorf Global, announced that it has invested N7 billion in the domestic economy of Nigeria in the last 18 months despite heinous economic crisis and...
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Nigeria: (Apr 12, 2017) - Central Bank of Nigeria (CBN) on Tuesday, made spot sales totaling $100 million to interested SMEs through its newly opened foreign exchange window for small scale importers. Also...
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Nigeria: (Apr 10, 2017) - The Bakehouse Bakery in Kaduna, bakers of Bakehouse Bread,  has laid off 25 of its workers due to rising price of flour. Its Manager, Malam Mohmoud Modibbo, told the News Agency...
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Nigeria: (Apr 10, 2017) - The United Bank for Africa (UBA) has distributed N19.9 billion as final dividend, in addition to N7.3 billion interim dividend paid after the audit of its 2016 half year results, making...
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Nigeria: (Apr 10, 2017) - Experts at FSDH, a Lagos based research firm have predicted further decline in inflation rate to 16.52 per cent in March 2017. The National Bureau of Statistics (NBS) is expected...
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Nigeria: (Apr 09, 2017) - Multi-billionaire businessman and Africa's richest man, Alhaji Aliko Dangote will on Monday, 10th April, joins the Diamond age, and President Muhammadu Buhari, has showered encomium...
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Nigeria: (Apr 07, 2017) - Dangote Flour Mills Plc said it has achieved a profit before tax of N11.82 billion for its financial year ended December 31, 2016. In its result on the Nigerian Stock Exchange (NSE),...
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Nigeria: (Apr 06, 2017) - The Nigerian National Petroleum Corporation, NNPC says that the recent increase in bridging allowance to transporters from N6.20 to N7.20 per litre will not lead to an increase in the...
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Nigeria: (Apr 05, 2017) - The Debt Management Office, DMO, yesterday, announced plans to raise N460 billion through Federal Government bonds offer in the second quarter of the year. The agency disclosed this...
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Nigeria: (Apr 04, 2017) - The Central Bank of Nigeria (CBN) on Monday injected an additional $240 million into the foreign exchange (FX) market. A breakdown of the intervention by the central bank showed...
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Nigeria: (Apr 04, 2017) - The Standards Organisation of Nigeria has given a two week ultimatum to all owners of liquefied petroleum gas (LPG) storage tanks Nationwide to commence the process of SON certification...
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Nigeria: (Apr 04, 2017) - The Renewable Energy Association of Nigeria (REAN) has advocated the provision  of  a zero per cent Value Added Tax (VAT) on all Distributed Renewable  Energy Products...
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Nigeria: (Apr 04, 2017) - The Managing Director, Fortis Microfinance Bank (MFB), Mr Tiko Okoye expressed concern over the members on the board of the the Development Bank of Nigeria (DBN), as it has no SME or...
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Nigeria: (Apr 04, 2017) - President Muhammadu Buhari has asked the ministers of finance, budget and national planning and the Central Bank of Nigeria (CBN) to sort out the technical details of a ‎$4.5billion...
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Nigeria: (Apr 03, 2017) - Despite the continuous injection of Dollars into the foreign exchange market by the Central Bank of Nigeria (CBN), the value of the Naira dropped last week at the parallel market. The...
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Nigeria: (Apr 03, 2017) - The Central Bank of Nigeria (CBN) yesterday reiterated its determination to sustain the provision of foreign exchange with a view to ensuring liquidity in the market and enhance accessibility...
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Nigeria: (Apr 02, 2017) - Business mogul and Group Managing Director of Capital Oil and Gas Limited, Mr. Ifeanyi Ubah, is still in the custody of the Department of State Services, a week after he was arrested, ...
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Nigeria: (Apr 01, 2017) - The Central Bank of Nigeria (CBN) has released an emergency mobile phone line and email address for customers denied access to foreign exchange by commercial banks for medical bill...
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Nigeria: (Mar 31, 2017) - The International Monetary Fund (IMF) has given Nigeria’s economic recovery plan a pass mark, commending efforts made by government to reduce vulnerabilities and enhance resilience. The...
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Nigeria: (Mar 31, 2017) - Nigeria’s oversubscribed Eurobond on Wednesday showed that investors will flock to the country’s dollar assets. But when it comes to naira ones, they’re staying well...
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Nigeria: (Mar 30, 2017) - The Development Bank of Nigeria (DBN) has been issued licence by the Central Bank of Nigeria to begin operations. The bank was established to support small-scale businesses, with...
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Nigeria: (Mar 27, 2017) - The Central bank of Nigeria, CBN, on Monday directed all banks to immediately commence the sale of foreign exchange to their customers at not more than N360 to the dollar. The spokesperson...
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Nigeria: (Mar 23, 2017) - Perhaps at no time in the history of Nigeria has the federal government come under such intense pressure to deliver on the economy as now, and this is understandable. 2016 closed with...
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Nigeria: (Mar 22, 2017) - All is now set for Innoson Motors to establish a world class manufacturing plant in Uyo, the capital of Akwa Ibom State. This was confirmed as the Special Adviser to the President...
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Nigeria: (Mar 22, 2017) - Federal Government, State Governments and Local Government Councils have received a total of N429.127 billion as federal allocation for the month of February 2017. The communiqué...
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Nigeria: (Mar 22, 2017) - The Central Bank of Nigeria (CBN) has maintained official interbank interest rate at 14 per cent; citing recent economic indicators are supporting variables behind the decision. Rising...
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Nigeria: (Mar 21, 2017) - Forbes, revered financial magazine, says there are only three dollar-billionaires left in Nigeria; Aliko Dangote, Africa’s richest man; Folorunsho Alakija, the world’s second...
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Nigeria: (Mar 20, 2017) - The Naira is set to appreciate further in the week as the Central Bank of Nigeria (CBN) plans to inject more Foreign Exchange (Forex) into the market to meet the requests of genuine...
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Nigeria: (Mar 20, 2017) - The Naira on Monday continued to extend its gains against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports.   The Nigerian currency exchanged at...
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Nigeria: (Mar 19, 2017) - feanyi Ubah, chairman of  Capital Oil and Gas Industries Ltd, has denied the allegation that his company is owing the Nigerian National Petroleum Corporation (NNPC), saying the...
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Nigeria: (Mar 18, 2017) - The Nigerian National Petroleum Corporation (NNPC) yesterday, stated that it would take full measures, including inviting the Department of State Security (DSS) and Economic and Financial...
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Nigeria: (Mar 17, 2017) - The World Bank Group, yesterday, has stated that Nigeria will soon recover from its current economic recession. Mrs. Eme Essien-Lore, the Country Manager in Nigeria, International...
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Nigeria: (Mar 15, 2017) - With his opinion that telecommunications has great potentials to contribute up to 10 per cent of a country’s Gross Domestic Product (GDP), the Minister of Communications, Mr Adebayo...
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Nigeria: (Mar 14, 2017) - The Nigerian equities market, yesterday, shed 0.40 per cent to kick off the week. The All-Share Index (ASI) shed 101.38 absolute points, representing a dip of 0.40 per cent to close...
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Nigeria: (Mar 13, 2017) - The Central bank of Nigeria (CBN) also known as the Apex bank is set to aid Naira’s rise by pumping more dollars because the Naira was traded at 455 to a dollar amid liquidity...
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Nigeria: (Mar 13, 2017) - As the World Wide Web marks its 28th years in existence, its inventor, Sir Tim Berners-Lee, says that the web has lived up to its vision but wants action against fake news. Berners-Lee...
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Nigeria: (Mar 12, 2017) - Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday, attributed the pressures on exchange rate in the parallel market to illegal and criminal activities of some...
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Nigeria: (Mar 11, 2017) - The European Commission has announced its continued support to the African continent by promoting renewables through the Africa Renewable Energy Initiative. The Commission said this...
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Nigeria: (Mar 11, 2017) - Following a breakthrough in its negotiations with three Nigerian banks that threatened to take over the business over a $1.72 billion (about N541.8 billion) loan, Mobile telecoms operator,...
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Nigeria: (Mar 09, 2017) - The United Nations Industrial Development Organization (UNIDO) yesterday, unveiled a new $3 million project that will develop entrepreneurship curriculum for senior secondary schools...
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Nigeria: (Mar 06, 2017) - The Central Bank of Nigeria (CBN) has threatened to bar authorised dealers in foreign exchange (forex) who fail to comply with its new directive on foreign exchange transactions. A...
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Nigeria: (Mar 01, 2017) - The economy is on its way out of recession, considering the 2016 overall and last quarter Gross Domestic Product (GDP) figures released yesterday by the National Bureau of Statistics...
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Nigeria: (Mar 01, 2017) - The Secretary General of the Organization of Petroleum Exporting Countries (OPEC), Mr Mohammed Barkindo, has revealed that member countries have lost one trillion dollars’ worth...
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Nigeria: (Mar 01, 2017) - The Democratic People’s Congress (DPC) has urged the Central Bank of Nigeria, Governor, Dr. Godwin Emefiele and Minister of Finance, Mrs. Kemi Adeosun to avoid monetary policies...
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Nigeria: (Feb 28, 2017) - he Federal Government has endorsed plan to build a $20 billion gas revolution industrial park in Odigigben, Delta State. Acting President Yemi Osinbajo disclosed this at the Aso...
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Nigeria: (Feb 26, 2017) - Mohit Goel, the director of Ringing Bells, the Indian firm which claimed to be selling the world’s cheapest smartphone, has been arrested on allegations of fraud. The Indian...
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Nigeria: (Feb 24, 2017) - The federal government is yet to pay over N300 billion subsidy claims of major oil marketers for fuel imports between 2014-2015, says Akin Akinfemiwa, group chief executive officer...
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Nigeria: (Feb 23, 2017) - The new foreign exchange policy actions introduced by the Central Bank of Nigeria (CBN) saw the naira extending its gains on the parallel market yesterday, appreciating significantly...
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Nigeria: (Feb 22, 2017) - Nigeria wants to borrow at least $1 billion from the World Bank and to sign within months for a $1.3 billion loan from China to fund railway projects, Finance Minister Kemi Adeosun...
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Nigeria: (Feb 18, 2017) - Owing to austerity measures in the county, Nigeria has dropped to the fourth position as China’s trade partner in Africa from its former second position, the Chinese Ambassador...
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Nigeria: (Feb 15, 2017) - Following the closure of 20,000 bank accounts belonging to Federal ministries, departments and agencies, about N5.244 trillion has accrued to the Treasury Single Account (TSA) of the...
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Nigeria: (Feb 14, 2017) - The Asset Management Corporation of Nigeria (AMCON) has taken over Odengene Air-Shuttle Services (OAS) Helicopters in Lagos. This comes five days after the agency took over Arik...
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Nigeria: (Feb 14, 2017) - As part of measures to exit the current economic recession, the Federal Government, yesterday, unveiled plans to float a Savings Bond to mobilise more resources from the general public,...
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Nigeria: (Feb 12, 2017) - For Arik Air to come back to full operations, the management of the carrier needs to clean the Agean stable as they would require N10 billion to do so. This was the view of the new...
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Nigeria: (Feb 11, 2017) - Forty-five members of the UK parliament are suggesting that the country reconfigure its border control system to give preference to citizens from Commonwealth countries. Nigeria...
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Nigeria: (Feb 10, 2017) - Hundreds of passengers on Thursday escaped death when one of the tyres of a Dubai-bound Qatar Airways aircraft burst while it was attempting to take-off at the Murtala Muhammed International...
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