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Orange To Invest In Nigerian E -Commerce Group Africa Internet

French telecommunications company Orange is to invest 75 million euro ($85 million) in Nigerian e-commerce group Africa Internet Group (AIG) and become a shareholder, the ... Full story

Refineries To Resume Operations This Month Says NNPC

The Nigerian National Petroleum Corporation, NNPC, on Sunday said refineries will resume operation for local consumption this month so as to end the lingering fuel ... Full story

Firstbank Unveils Enhanced Features On Mobile Banking App

First Bank of Nigeria Limited has unveiled a set of enhanced features on its integrated lifestyle mobile banking app, FirstMobile. This, according to the bank, is ... Full story

Oil Marketers Assures Of Fuel Supply Stability In Q2

Mr Akin Akinfemiwa, Chairman, Major Oil Marketers Association of Nigeria (MOMAN), on Friday assured Nigerians that the Federal Government has provided sufficient fuel allocation for ... Full story

Time For Sober Reflection, Says Glo

Telecommunications operator, Globacom, has called on all Nigerians to remain steadfast and hopeful as the Christian faithful celebrate Easter. In a goodwill message released in Lagos ... Full story

N1.4 tr Fine: MTN Proposes N300b Settlement Deal

The Senate Committee on Communications yesterday took exception to the way and manner the out-of-court settlement arrangement between the Federal Government and MTN is being ... Full story

NNPC restructuring: Workers stop fuel supply, shut NNPC headquarters

The nationwide scarcity of petrol worsened on Wednesday as oil workers embarked on a full-scale industrial action, which led to the shutdown of the corporate ... Full story

CBN, banks to step up fraudsters’ prosecution

The Central Bank of Nigeria and Deposit Money Banks have said effective prosecution of fraudsters will be their focus this year. Speaking under the aegis of ... Full story

27 firms raise NSE capitalisation by N45bn

The gains recorded by 27 stocks on the floor of the Nigerian Stock Exchange on Wednesday boosted the NSE market capitalisation by N45bn. The market capitalisation ... Full story

Blackout: Electricity generation sinks to 1,580MW

The highly pronounced power failures across the country in the past few days may worsen following a partial system collapse that occurred on Tuesday, and ... Full story

Boko Haram: MTN’s Slow SIM Registration Costly to Terrorism War

President Muhammadu Buhari yesterday said the slow registration of Nigerians on the MTN line by the service provider was costly to the war against Boko ... Full story

President Of Dangote Industries Plans To Generate 12,000MW of Electricity

The President, Dangote Industries, Aliko Dangote, has said his company should be able to generate about 12,000 megawatts of electricity for the country by 2018. He ... Full story

Experts Proffer Solutions To Economic Crisis

The Federal Government has been advised to plug fiscal leakages, focus on non-oil sector, and create an enabling environment for business to thrive as part ... Full story

Improve business with legislation, UK firm tells Saraki

A United Kingdom-based firm, Adam Smith International, has called on the Senate President, Bukola Saraki, to come up with a legislation that will promote and ... Full story

Arbitrary Charges: Customers Boycott Banks Today

Thousands of bank customers across the country are expected to boycott banking services on Tuesday (today) to express their grievances against alleged “arbitrary, illegal and ... Full story

Scarcity: Petrol Sells For N200 On Black Market

As the scarcity of petrol continued on Monday across the country, illegal hawkers of the commodity on the black markets resurfaced in parts of Lagos, ... Full story

FG Confirms MTN's N50 Billion Payment, Negotiations to Continue

South African telecommunication giants have paid a whooping sum of N50 billion to the Nigerian government as part of the fine for disobeying a national ... Full story

Naira Appreciates To ₦310/$1

The naira rose by 17.3 per cent on Tuesday against the dollar at the parallel market to 310 from 375, which it traded on Monday. The ... Full story

Multichoice Slashes Price of DStv Subscription in Nigeria

Multichoice Nigeria on Tuesday announced a slash in the prices of its DStv bouquets as well as introduction of two new sport channels. The new channels ... Full story

Discos Insist On Electricity Tariff Increase

Power distribution companies met briefly with the Nigerian Electricity Regulatory Commission on Monday and insisted that the increase in electricity tariffs across the country would ... Full story

Naira Rises To 375 As Dollar Demand Drops

The naira rose to 375 against the dollar at the parallel market on Monday as the demand for the greenback began to drop. The demand for ... Full story

Fuel Queues Resurface In Abuja

There was a mild scarcity of petrol in parts of Abuja and Nasarawa State on Sunday as motorists formed long queues in filling stations that ... Full story

We’ll Increase Oil Production For Domestic Use —Kachikwu

Nigeria will keep striving to increase crude oil production to meet local demand and not to essentially sell it in the international market, the Minister ... Full story

Dollar Scarcity: 40,000 Jobs Threatened, Food Prices SSoar

The difficulties in getting foreign exchange and the steep fall in the value of the naira are seriously affecting the manufacturing sector, with prices of ... Full story

Local Manufacturers’ll Soon Take Over Nigeria’s Furniture Business –Tawadrous

Egypt-born Michael Tawadrous, MD of VAVA Furniture, Nigeria, tells ‘Nonye Ben-Nwankwo his challenges establishing a business in Nigeria Some Nigerians feel foreigners have come to take ... Full story

School Fees, Medical Bills Eligible For Forex – CBN

The Central Bank of Nigeria says schools fees and medical bills are still among the items that are valid for foreign exchange allocation at its ... Full story

Blackmail Won’t Deter Us, NLC, TUC Tell Discos

The Nigeria Labour Congress and the Trade Union Congress have warned electricity distribution companies against blackmailing Nigerians with threats of blackout following the Senate’s advice ... Full story

Nigeria May Lose 37% Of GDP To Corruption, Says Report

Corruption could cost Nigeria about 37 per cent of its Gross Domestic Product (GDP)   if left unchecked, a report by PricewaterhouseCoopers (PwC), has indicated. This ... Full story

Naira Is Out Of Balance — Rewane

The Chief Executive Officer, Financial Derivatives Company Limited, Mr. Bismarck Rewane, has described the naira as being misaligned, saying Ghana and South Africa had already ... Full story

FG Sells N195bn T-Bills At Higher Rate

The country sold N195.95bn ($975m) in Treasury bills with maturities from three months to one year in its second auction of the year on Wednesday, ... Full story

N274.3b Budget Signed By Kano Governor

Kano State governor, Dr. Abdullahi Umar Ganduje has signed into law, the state’s 2016 Appropriation Bill, assuring that its implementation would commence immediately. The budget, tagged ... Full story

New Access Lending Framework Approved -IMF

Director of Communications at the International Monetary Fund (IMF), Gerry Rice, has said the Executive Board has approved an important reform to the Fund’s exceptional ... Full story

Despite Oil Price Crash Total Refuses To Cut Jobs

French energy company, Total expects a drop in last year’s results but does not plan to cut jobs as peer British Petroleum has done to ... Full story

See New Rate As Naira Bounces Back Against Dollar

After a long fluctuation in the money market, the nation's local currency yesterday bounced back to recovery against the dollar.  The Naira, on Monday, January 18, ... Full story

Stock Market Loses N5.97tn In 18 Months

The Nigerian capital market has lost over N5.97tn from July 2014 to date, the Chief Executive Officer, Nigerian Stock Exchange, Mr. Oscar Onyema, has said. He ... Full story

See How Much FG Plans To Borrow In First 3 Months Of 2016

The Debt Management Office has revealed the amount of debt the Federal Government has planned to secure in the first three months of the year.  The ... Full story

Oil Price Falls Again...Check-Out Current Price

The woes of the Nigerian economy seems to be compounding with another record fall in the price of oil in the international market which is ... Full story

IMF Boss Meets CBN Governor, Bank MDs

IMF Managing Director, Ms Christine Lagarde made a case for the financial sector to channel funds to the real sector for economic development that will ... Full story

Banks To Massively Sack Staff In Second Quarter - Rewane

The looming economic crisis rocking Nigeria due to the fall in the price of crude oil in the international market which is the mainstay of ... Full story

5 Countries Crushed By Oil Price Collapse

These top producers of crude oil across the world are currently experiencing downturns in their economies following the over reliance on the dwindling oil proceeds ... Full story

How Radio Biafra Transmitters Were Allegedly Installed On MTN Masts - Federal Government

The Federal Government through the Director of Public Prosecutions, Mr. Mohammed Diri has alleged that MTN assisted Nnamdi Kanu in transmitting radio signals from London ... Full story

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