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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

Oil Thieves Drag Nigeria's National Economy, Global Markets Down

Hidden by mangrove trees in the murky swamps of Nigeria's southern Delta region, a thief stealthily bores a hole into a giant oil pipeline. The ... Full story

Virgin Air Allows Passengers To Send Drinks and Chat With Each Other

 For the shy guys, its flirting made easy as Virgin Launches new system that allows you to send a drink to a fellow passenger and ... Full story

NCC - Nigerians spent N223bn talking on telephone in 2012

Nigerians spent N223 billion or about N22.3 billion minutes talking on telephone in 2012, according to information provided by a global consulting firm, Price- WaterHouseCooper ... Full story

House of Representatives query $6m monthly payments to ASYCUDA firm

The House of Representatives Committee on Customs has described Web Fontaine, which powers the Automated System of Customs Data (ASYCUDA), as a drainpipe as the ... Full story

Gunmen Release Nigerian Oil Vessel Seized Off Ivory Coast; 5,000 Metric Tons Of Fuel Gone

Gunmen who hijacked an oil tanker last week near Ivory Coast’s port of Abidjan have released it after taking the cargo, the Nigerian ship owner ... Full story

Angry Unpaid Workers Ask Former Gov. Daniel To Close Down Nigerian Compass

Staff of the Nigerian Compass newspaper stunned the publishing firm’s Managing Director, Sina Kawonise, by asking him to tell former Governor Gbenga Daniel to close ... Full story

Okonjo-Iweala: Nigeria loses N2tn annually in maritime sector

Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said Nigeria loses more than N2tn annually to capital flight following inability of indigenous ship owners to fully ... Full story

President Jonathan Approves New NNPC Board of Directors

President Goodluck Jonathan, has today approved the constitution of a new Board for the Nigerian National Petroleum Corporation (NNPC). The new Board is made up of ... Full story

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Mainstreet Bank, formerly Afribank Plc sacks 800 workers

THE management of Mainstreet Bank Plc, formerly Afribank Plc, Friday, sacked no fewer than 800 workers despite the Federal Government’s directive to the management of ... Full story

Air Nigeria suspended by NCAA over financial distress

Air Nigeria, the airline belonging to business mogul, Barrister Jimoh Ibrahim, has been suspended by the Nigerian Civil Aviation Authority, NCAA, allegedly because the airline ... Full story

Mallam Lamido Sanusi wears chieftaincy robe to office

The Governor, Central Bank of Nigeria, Mallam Lamido Sanusi, on Wednesday caused a stir at the bank’s headquarters in Abuja when he appeared in his ... Full story

Arumah Oteh, SEC Director-General Petitions Presidency, Finance Minister over suspension

Director-General of the Securities and Exchange Commission, SEC, Tuesday, petitioned the Presidency and other relevant authorities over her suspension from office by the Board of ... Full story

NPA retirees wants Bode George barred from public office

BY GODWIN ORITSE THE Pensioners Welfare Association of the Nigerian Ports Authority (NPA) has condemned the way and manner members of the People Democratic Party (PDP) ...

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