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Fuel Undersupply Worsens As Nigerian National Petroleum Corporation Promises Improved Supply

The fuel crisis across the country worsened, weekend, as most of the petrol stations were shut down leaving motorists stranded. This was in spite of claims ...

Nigerian Economy Will Bounce Back - Alhaji Aliko Dangote

Africa’s richest man, Alhaji Aliko Dangote, has allayed concerns over the Nigerian economy brought on by declining oil revenue and political uncertainty over the elections, ... Full story

N264 Billion Fuel Subsidy To Be Paid In March - FG

The Federal Government, Monday, scheduled to pay off about N264 billion between now and end of March, as subsidy reimbursement applications submitted to marketers as ... Full story

Naira Drops By 0.55% Against Dollar

The naira dropped by 0.55 percent against dollar on Monday after some customers who failed to meet the cut-off time to submit dollar demand to ... Full story

Dollar Sells For N217 And Pounds N332

The naira on Friday depreciated by N5 to the dollar as it traded N215 at the Bureau De Change (BDCs) segment of the official market. It ... Full story

Nigeria's Enterprising 5 - 9 Work Ethic

Nigeria has Africa's largest economy. It is mostly known for oil, but that wealth has not trickled down. As it joins the global economic top ... Full story

Trade Relations Between Nigeria And China Hits $18bn

Consul-General of the People’s Republic of China in Lagos, Mr. Liu Kan, has said that trade relations between Nigeria and China last year was about ... Full story

Houses For Sale

Copperfield Realty Limited offer for sale 2 Units of 4-Bedroom Semi Detached Houses with 2 Living Rooms and 1 Boys Quarters and 1 Study, located ... Full story

Total To Continue Operations In Nigeria Despite Sliding Oil Prices

French oil major, Total, has assured that its major oil and gas projects in Nigeria as well as in other African countries will continue operations ... Full story

Oil Prices To Remain Low If Production Of Crude Is Not Reduced

A US stockpiles report Wednesday showing crude reserves standing at an 80-year high for this time of the year has exacerbated concerns about a global ... Full story

Bonga South West Project Continues Despite Slump In Oil Price

Despite claims by the Nigerian National Petroleum Corporation (NNPC) that the implementation of the Bonga South West other deepwater projects were under threat owing to ... Full story

Nigerian Naira Crahes To Record Low

Nigeria’s overnight lending rates soared to a record high of 100 per cent on Tuesday, signalling a sharp tightening of naira supply as the currency ... Full story

Central Bank Of Nigeria Recertifies Extra 28 Bureaux De Change Operators

The Central Bank of Nigeria (CBN) has once again recertified 28 more Bureaux De Change (BDCs) operators to continue in operation. This brings the total ... Full story

Nigeria’s Stock Worst in World Naira Slump Further With Election Delay

It looks like it’s going to get worse for investors in Nigeria before it gets any better. The country’s stock index is the worst performer in ... Full story

Access Bank Plc Pursue Investors With N52.26bn Rights Issue

The Managing Director, Access Bank Plc, Mr Herbert Wigwe, has called on investors to embrace the bank’s ongoing rights to ensure enhanced investment growth. Wigwe made ... Full story

Discount Sales iPad, Laptops And TVs, On Sale At 'Jumia Nigeria'

Jumia Nigeria is currently giving up to 80% discount on mobile phones, cameras, electronics, books, music, movies, computers, games & consoles, groceries and sports items. ... Full story

Four Nigerian Banks, Ranked In Top 500 In The World

A new report by The Banker magazine of the Financial Times and Brand Finance, London, has ranked four Nigerian banks among ‘Top 500 Banking Brands’ ... Full story

Federal Government To End, Importation Of Processed Tomato Paste

The Federal Government has taken steps to end the importation of processed tomato paste and puree into the country. Recently the Staple Crop Processing Zone Development ... Full story

China To Import More Crude Oil From Nigeria

China has pledged to import more Crude Oil from Nigeria. According to the country’s Deputy Chief of Mission in Nigeria, Mr. Zhang Bin, the Chinese government ... Full story

Federal Government To Pay N145 Million Compensation To Poultry Owners

The Federal Government has directed the compensation of N145 million to be paid to all poultry farms affected with bird flu within 72 Hours. The minister ... Full story

Federal Government To 100% Of It's Stake In NIGCOMSAT

The Federal Government is considering options to sell its stakes in NIGCOMSAT Limited, the publicly owned satellite services company under a transitional plan that may ... Full story

'Goodluck Jonathan' Meets Business Moguls In Nigeria (PHOTOS)

Driving his re-election campaign train beyond the terrain of social, entertainment, sports and agricultural sectors, President Goodluck Jonathan, on Sunday, January 25, 2015, had an ... Full story

'Ike Chioke' Federal Government May Borrow N2tn To Finance 2015 Budget

The Managing Director, Afrinvest West Africa Limited, a research and investment advisory firm, Mr. Ike Chioke, tells how falling oil prices will pose challenges to ... Full story

Federal Government Will Pay Fuel Subsidy For 40 Days - Diezani Alison-Madueke

Despite the recent reduction in the pump price of petrol from N97 to N87 per litre, the Federal Government has said it will still pay ... Full story

N220bn Fund Created To Help MSME's - Jonathan

The Federal Government designed the N220bn Small and Medium Enterprises Development Fund to tackle the dearth of financial resources available to small businesses and unleash ... Full story

N2.84 Per Litre On Petrol Subsidy - Petroleum Products Pricing Regulatory Agency

Despite the recent reduction in the pump price of petrol from N97 to N87 per litre, the Federal Government has claimed it still pays N2.84 ... Full story

Devaluation Of Naira Ruled Out By CBN

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday ruled out further devaluation of the naira and warned against speculative trading in ... Full story

Petrol Pump Price Reduction Too Small - NLC,TUC And APC

The leadership of the Nigeria Labour Congress and the Trade Union Congress on Monday called on the Federal Government to come out with a more ... Full story

Petrol Pump Price Now N87 Per Litre 'Federal Government'

The Federal Government on Sunday announced a reduction in the pump price of petrol by N10 from N97 to N87 per litre. The Minister of Petroleum ... Full story

Foreign Investors Pulls Out N793bn From 'Nigerian Stock Exchange'

Foreign investors, alarmed by the economic and political risks in the country, pulled out N793.17bn from the Nigerian Stock Exchange between January and November 2014. The ... Full story

Low Oil Savings Is Exposing Nigerian Economy To Risk

AS global benchmark Brent crude continues to trade at a level last seen in early 2009, the Nigerian economy faces more pressure amid low oil ... Full story

Nigeria's Naira Drops Despite CBN Dollar Sales

The naira eased against the dollar on Tuesday despite the Central Bank of Nigeria’s selling of more dollars on Monday at its forex auction, due ... Full story

$40 Oil Benchmark Senators Propose

Strong indications emerged on Monday that the Senate would propose that the oil benchmark for the 2015 budget be reduced to $40 per barrel in ... Full story

Chief Executive Officer Of Business Craft Limited Says Non-oil exports remain untapped

The Chief Executive Officer, Business Craft Limited , Mr. Ade Israel, speaks about the opportunities in agro processing and exportation of solid minerals in this ... Full story

Immigration And Nigerian Customs Generates N977.09 BN Revenue In 2014

The Nigeria Customs Service (NCS), one of the major revenue generating arter­ies of the government raked in about N977.09 billion in 2014. The figure was a ... Full story

Federal Government Intensifies Oil Search In Chad Basin

In the face of dwindling oil reserves, the Federal Government has said it will intensify the search for oil in the Chad Basin area. It said ... Full story

Actors And Actresses In Nollywood To Appear In Indian Movies

India’s Acting High Commissioner in Nigeria Kaisar Alam on Sunday said the commission will facilitate collaboration between Nollywood and Bollywood – Nigeria and India’s movie ... Full story

Alcatel-Lucent supporting MTN Nigeria’s rapid growth with ultra-broadband 100G fiber-optic data network

 Alcatel-Lucent is opening up Africa’s most populous nation to the benefits of ultra-broadband connectivity by launching a superfast, 100 gigabit-per-second fiber-optic network with MTN Nigeria, ... Full story

Downstream players in Nigeria's petroleum industry urged to expand capacity

Downstream players in Nigeria’s petroleum industry have been challenged to expand capacity through the construction of refineries to become net producers of petroleum products in ... Full story

Naira Slides Against The Dollar

The naira, on Monday, weakened against the US dollar, losing N0.44 kobo at the interbank market. The naira closed at N159.04/$ on Monday, compared to N158.60/$ ... Full story

Nigeria seeks financial advisers for a $100 million diaspora bond

Nigeria is looking for an international bank and a local lender to act as financial advisers for a $100 million diaspora bond to be issued ... Full story

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