The Federal Government has said that it will set up a development finance institution that will make access to funds easy in the economy. The institution is expected to take off in the next 18 months with a seed fund...

In a couple of month’s time about 5,000MW of power is expected to be added to generation capacity from completed National Integrated Power Projects (NIPP), owned by the federal government and  the 36 states of the federation, President Goodluck...

The Nigeria Deposit Insurance Corporation, NDIC has disclosed that plans are underway to  prosecute operators and debtors who contributed to the collapse of 103 Micro Finance Banks (MFBs) in 2012. The Managing Director / Chief Executive Officer, Alhaji Umaru Ibrahim,...

Oando Marketing, a subsidiary of integrated oil firm, Oando Nigeria Plc, unveiled plans to build 10 mega filling stations yearly in five years in some major cities. Its Chief Operating Officer, Mrs. Olaposi Williams, said as a major player in...

The volume of trade between Nigeria and the United Kingdom (UK) has increased to about £7.2 billion (N1.8trillion), with the balance of trade still in favour of Britain. The High Commissioner of Nigeria to the United Kingdom, Dr. Dalhatu Tafida,...

Banks and financial institutions featuring in this year’s Central Bank of Nigeria (CBN) sponsored football tournament will split total prize money of N5million. The competition is organised in collaboration with the Nigeria Football Federation (NFF). The final match of the...