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Central Bank Of Nigeria Grants National Banking Licence To Fortis MFB

The Central Bank of Nigeria has granted a national banking licence to Fortis Microfinance Bank Plc. The approval was confirmed by the Chairman of the bank, ... Full story

Department of Petroleum Resources Seals 14 Petrol Stations In Lagos

The Department of Petroleum Resources on Friday stormed several filling stations at Ikorodu, Ibeju-Lekki and Ketu, in Lagos, shutting down 14 stations for manipulating their ...

Entrepreneurship As Option For Nigerian Graduates

Nigerian graduates are trained to be job seekers in their various academic pursuits. This is the reason why lots of graduates, upon graduating from their ...

Meet South Africa’s Youngest Millionaire

The Foreign exchange market is the biggest financial market in the world. At least four trillion dollars is traded on currency markets on a daily ... Full story

Naira Rises To 217 Against Dollar

The naira appreciated against the United States dollar at the parallel market on Monday to 217, from 221 recorded on Friday. The naira rose on the ...

13 Year Old CEO Who Runs A $200,000 Business

A 13-year old boy is stealing the spotlight in the business world as his bow tie line is said to have raked in a whooping ... Full story

Am Not Owing Any Bank - Abike Dabiri-Erewa

Former House of Representative member, Abike Dabiri with twitter handle @abikedabiri has refuted claims by the Nigerian Deposit Money Banks that a company in which ... Full story

Ghanaians, Chadians And Others Neighbouring Countries Storm Nigeria For Dollars

The naira rate represents a sharp rise from N240 a week ago, as Nigerian commercial banks continue to reject cash deposits in dollars.  According to reports, ... Full story

Naira Has Recovered In Black Market, Checkout New Rate

Relief has come for individuals who are looking to change currency in the black market as the rate of naira to a dollar increased yesterday, ... Full story

World Bank Appoints Arunma Oteh As VP And Treasurer

World Bank has announced the appointment of Ms. Arunma Oteh as the vice president and treasurer of the World Bank. According to a report by Global ... Full story

Boko Haram Attacks Hit PZ Global Profits

PZ Cussons says its global pre-tax profit fell by 30% in 2014 because of Boko Haram attacks in Nigeria, the devaluation of the naira and ... Full story

EFCC Loses N860m Theft Case Against Stockbrokerage Firm

A Lagos State High Court in Ikaja has discharged and acquitted one Mr. Ebi Odeigah, who was accused of stealing N860m belonging to the Union ... Full story

Central Bank Of Nigeria: We Don't Have Power To Ban Imported Goods

The Central Bank of Nigeria (CBN) yesterday said, it does not have the power to ban any imported product but do not have sufficient foreign ... Full story

CBN Defends Selective Forex Restriction

The Central Bank of Nigeria has defended its decision to stop the use of foreign exchange for the importation of certain goods. This is contained in ... Full story

Ondo, Korean Firm To Build 550MW Power Plant

The Ondo State Government and a Korean firm, Kingline Development Limited, have concluded plans to boost industrialisation in the state with the construction of a ... Full story

United States Will Assist Us To Recover Stolen Funds - President Buhari

President Muhammadu Buhari on Tuesday said his administration had received firm assurances of cooperation from the United States and other countries in his quest to ... Full story

CBN Stops The Sale Of Forex For 40 Items (SEE LIST)

The Central Bank of Nigeria (CBN) on Tuesday officially stopped the sale of dollars for a list of 40 items as it seeks to reduce ... Full story

CPC Investigates MultiChoice For Alleged Subscriber Rights Abuse

The Consumer Protection Council says it has commenced investigation into the operations of MultiChoice Nigeria through its Digital Satellite Television offering based on complaints of ... Full story

Buhari To Remove Fuel Subsidy, Invest Savings On Education

President Muhammadu Buhari plans to totally remove fuel subsidy, it has emerged. Money saved from this will be used to provide free and compulsory primary/secondary ... Full story

7 Nigerian States With The Highest IGR

The National Bureau of Statistics on Wednesday released the Internally Generated Revenue profile of 23 states of the federation for the year 2014. According to the ... Full story

Shell Nigeria Sells Warri Airport to Shoreline Energy

Shell Petroleum Development Company has sold the multibillion naira Warri airport to Shoreline Energy International Limited, an indigenous energy and infrastructure company, PUNCH reports. Shoreline Energy ... Full story

Daily Subsidy On Petrol Hits N2bn

The Federal Government’s daily spending on petrol subsidy may have risen to N2.06bn as the pricing template for the product by the Petroleum Products Pricing ... Full story

Indonesia Companies Operating In Nigeria Make About $628,005.443

Indonesia Ambassador in Nigeria, Harry Purwanto has tasked Nigerian business men to take advantage of existing trade relations between his country and Nigeria for her ... Full story

Unremitted $11bn Dividend: NNPC Holds Reconciliation Meeting With Inter-Ministerial Team

Following claims of non-remittance of $11bn Liquefied Natural Gas dividends, the NNPC has said it is holding reconciliation meetings with inter-ministerial team, Leadership reports. The Nigerian ... Full story

Oil And Gas Companies Indicted Of $19bn Scam, Buhari To Take Action

Oil and Gas companies operating in the country were yesterday indicted by the Nigeria Extractive Industries Transparency Initiative (NEITI), of defrauding the country to the ... Full story

Lagos Oilfield To Begin Production This Year

With the award of a rig contract to carry out the drilling and completion programme for the Aje shallow-water field offshore Lagos, the first oil ... Full story

Dangote To Expand Ethiopian Cement Plant

The President, Dangote Group, Alhaji Aliko Dangote, has said that plans are afoot to double the capacity of the newly opened 2.5 million-metric-tonne per annum ... Full story

JP Morgan Threatens To Remove Nigeria from Key Bond Index

JP Morgan has threatened to remove Nigeria from its Government Bond Index (GBI-EM) by the year-end unless the Central Bank of Nigeria, CBN, restores liquidity ... Full story

House Of Representatives Pass Petroleum Industry Bill

THE House of Representatives, yesterday, passed the Petroleum Industry Bill (PIB) in a valedictory session to end the Seventh Assembly And as the Seventh Senate came ... Full story

How CBN, Savannah Bank Destroyed My Father - Uche Ephraim

Many lives and businesses have suffered and are still suffering due to the sudden closure of Savannah Bank by the Central Bank of Nigeria (CBN) ... Full story

AfDB Presidency: Adesina Assumes Duty September 1, 2015

Nigeria’s outgoing Minister of Agriculture, Dr. Akinwumi Adesina, would officially assume office as President of Africa Development Bank (AfDB) on September 1, 2015. This was disclosed ... Full story

Airport Remodeling Contractors To Return N17.6billion To FG

The Federal government on Tuesday ordered contractors handling airport remodeling projects but failed to deliver, to return N17.6billion back to the government.  DAILY POST reports that ... Full story

Babangida Aliyu Wants Federal Government To Remove Fuel Subsidy

Niger State governor, Dr. Babangida Aliyu has asked the Federal Government to deregulate the oil sector by removing subsidy on petroleum products. Aliyu  spoke while commissioning ... Full story

Fuel Scarcity: Business Activities Collapse In Onitsha

Commercial activities yesterday grounded to a halt, following an hourly increase in pump prices of petroleum products to the tune of N300 per litre. The increased ... Full story

Fuel Scarcity: GTBank To Close Branches At 1pm From Today

The fuel scarcity being witnessed in Nigeria has continued to cause a shutdown of business and leading commercial bank, Guaranty Trust Bank (GTB) has not ... Full story

China's Richest Man Loses $15 Billion in Minutes

In the history of sudden wealth loss, Li Hejun may have set a new record. Li, who was China's richest man until this week, saw his ... Full story

Osita Chidoka: Nigerians To Enjoy WiFi Services At Airports Starting Next Week

The Minister of Aviation, Mr. Osita Chidoka, has announced that Wi-fi services will be made available in all Nigerian airports, Punch reports. Speaking at the inauguration ... Full story

Massive Shakeup Awaits MDAs - 38 Parastatals To Be Scrapped

In a bid to cut costs and free up revenue for the Nigerian government, the incoming Buhari-led administration is expected to make some changes concerning ... Full story

2015 Budget: National Assembly’s N150billion Enough To Fund Capital Votes For 20 Federal MDAs

The whopping N150 billion allocated to the National Assembly in the 2015 Appropriation Act, can fund capital votes for 20 Ministries, Departments and Parastatals [MDAs], ... Full story

NNPC Audit Report: $18.5billion Earnings Not Remitted To Treasury - Muhammad Sanusi II

Emir of Kano, Muhammad Sanusi II  and former Central Bank of Nigeria, governor has reacted to the auditors’ report on the Nigerian National Petroleum Corporation’s ... Full story

Fuel Scarcity: Oil Marketers Suspend Importation

The recurrent fuel scarcity being witnessed in many parts of the country, particularly in Lagos and Abuja, continued yesterday, showing no signs of easing up, ... Full story

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