Nigeria has lost about $90m investment to kenya as Coca-Cola expands operations in East Africa. Despite two recent Executive Orders signed by Vice President Yemi Osinbajo, to improve the Ease of Doing Business in the country, more multinational corporations have...

The Senate has warned that about 4,000 jobs may be lost in the telecommunications industry, following the $1.2bn Etisalat loan. This is inevitable unless the relevant government agencies move swiftly to salvage the fallout of the takeover of 9mobile...

Nigeria’s gas production has reached seven billion cubic feet per day (cf/d), according to the Nigerian National Petroleum Corporation (NNPC). The Group Managing Director, Dr. Maikanti Baru, who made this disclosure in Lagos, during a Gas Roundtable organised by Nigerian...

The Minister of Transportation, Rotimi Amaechi, has said that the $36bn being sought by the Federal Government for rail lines construction across the country would be used to connect virtually all state capitals in Nigeria by rail. Speaking as a...

The National Bureau of Statistics (NBS) says the Gross Domestic Product in real terms declined in the third and fourth quarters of 2016. The NBS made this known in its “Nigerian Gross Domestic Product Report on Expenditure and Income Approach...

The naira has depreciated marginally to N360.13 per dollar in the Nigeria Autonomous Foreign Exchange Window (NAFEX)​. The local currency had closed at N360.08 last weekend. ​Meanwhile, the Central Bank of Nigeria (CBN) ​yesterday, injected 195million dollars into the inter-bank Foreign...