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End Petrol Scarcity In 2 Weeks, Senate Tells Ibe Kachikwu

The Senate on Thursday asked the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, to end the current scarcity of petrol within two weeks. The ... Full story

N1tn Fine: Muhammadu Buhari’ll Decide MTN’s Fate

The Minister of Communications, Adebayo Shittu, said on Tuesday that President Muhammadu Buhari would decide MTN Nigeria’s fate regarding the N1.04tn fine imposed on it ... Full story

Petroleum Tax Falls By N390bn - Federal Inland Revenue Service

The Petroleum Profits Tax collection for the year has dropped by N390bn from a target of N1.48tn to N1.09tn, the Acting Executive Chairman, Federal Inland ... Full story

Banks, Depositors Lose Billions To Hacking, Internal Fraud

As many residents in Abeokuta, Ogun State, prepare for bed on Wednesday, November 6, a sum of N7,000 was dispensed at an undisclosed Automated Teller ... Full story

We Could’ve Sacked Bank CEOs - Central Bank Of Nigeria

The Central Bank of Nigeria on Tuesday said it could have removed the chief executive officers and executive management teams of banks that recently violated ... Full story

How To Succeed As A Real Estate Agent

Real estate investment is a magnetiser. Many people have heard fantastic stories of those who have made it big in real estate and they want ... Full story

South African Telecoms Giant MTN Gets Respite Over $5.2bn Fine

South African telecoms giant MTN has won a respite on the payment of a massive $5.2 billion fine imposed on the company in Nigeria to ... Full story

New MTN CEO Arrives Nigeria For Talks Over $5.2bn Fine

South Africa MTN Group’s Executive Chairman Phuthuma Nhleko was in Nigeria, a source with knowledge of the matter told Reuters, as a deadline to pay ... Full story

Banks Block 5 Million Customers’ Accounts, No Withdrawal Without BVN - CBN

At least five million bank accounts were deactivated by Deposit Money Banks operating in the country on Saturday night following the October 31, 2015 deadline ... Full story

BVN Registration Continues - Central Bank of Nigeria

Although the period of grace for the BVN registration has expired, the CBN has made a new announcement about the exercise.  The Central Bank of Nigeria ... Full story

Zenith Bank Grows Profit After Tax By 16.9%

Zenith Bank Plc made a profit after tax of N83.087bn in the nine months to September 30, 2015. The figure is 16.95 per cent higher than ... Full story

No Plans To Sell Refineries, JV assets - Yemi Osinbajo

Vice President Yemi Osinbajo has said the Federal Government is not currently planning to sell the nation’s four refineries or part of its stakes in ... Full story

91 Companies Bid For NNPC Bunkering Services

A total of 91 companies have submitted bids to the Nigerian National Petroleum Corporation to secure contracts for the provision of coastal and bunkering vessel ... Full story

Why Business Cards Are Big In Nigeria

I have just cleaned out my wallet for the first time in a while and unearthed a little stack of business cards. In an age where ... Full story

How We Ahop In Abuja, Land Of £18 Pine Nuts

How I have managed to get this far in writing about life in Nigeria without writing about the shopping situation, I don’t know. It is ... Full story

Fuel Scarcity Hits Ilorin: Soldiers Invade Petrol Station, Serve Petrol To Motorists Free

Soldiers take over petrol station in ILorin and sell petrol to motorists free...  Mild drama ensued yesterday as gun wielding soldiers took over a petrol station ... Full story

Aliko Dangote, Wins Global Awards

FOR his unparalleled contributions to the development of the human society in Africa and world over, the business mogul and President of Dangote Group, Aliko ... Full story

Subsidy On Petrol Falls To N576m Daily

Since the conscious effort of the Buhari administration to restructure the petroleum sector, there has been a continuous decline in the amount of money the ... Full story

US To Give Muhammadu Buhari $2.3bn To Eradicate Poverty In Nigeria

Senior Special Assistant to the Vice President on Media and Publicity, Mr. Laolu Akande, disclosed in a statement on Sunday that the Federal Government has ... Full story

PMB Seeks $500m Loan For Lagos, Diaspora Bond

President Muhammadu Buhari on Tuesday requested the House of Representatives to approve another tranche of $200million World Bank loan for Lagos State. The WB had, in ... Full story

Nigeria's Daily Fuel Subsidy Falls, Checkout The New Figure

Economic reports reveal Nigeria's daily expenditure on fuel subsidy has dropped and it's expected to reflect on the pump price to the favour of consumers.  The ... Full story

Ngozi Okonjo-Iweala Gets New Job

Former  finance minister, Ngozi Okonjo-Iweala,  has announced she will be joining US investment bank Lazard’s sovereign advice division. She has also been appointed chair-elect of the ... Full story

No more naira devaluation - Muhammadu Buhari

The naira should not be devalued further, President Muhammadu Buhari said on Wednesday, despite the Central Bank of Nigeria’s growing struggles to keep the naira ... Full story

Meet The First Female Chairman Of The Board Of First Bank

Ibukun Awosika has emerged as the first female chairperson of First Bank Plc  First Bank of Nigeria has appointed its first female Chairman named Ibukun Awosika. ... Full story

Unbelievable! Dangote Cement Reduces Price Of Cement Again! Checkout New Price

Dangote Cement has again slashed the price of its 60kg bag of cement to Building material manufacturer, Dangote Cement announced a N300 reduction in the ... Full story

Nigeria Risks Economic Decline - Muhammadu Buhari

President Muhammadu Buhari on Tuesday warned that with the fall in oil prices, Nigeria risked economic decline, if it failed to manage its resources prudently. Buhari ... Full story

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

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

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

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