Outstanding banking industry loans to the economy as at end of third quarter 2016 (Q3’16) escalated by N2.1 trillion to N13.8 trillion, about 17.9 per cent rise against N11.7 trillion recorded in the corresponding period of 2015. The new...

The Federal Government has concluded plans to appoint a technical adviser for the proposed national carrier latest by Wednesday next week. The Minister of State for Aviation, Hadi Sirika, disclosed this to State House correspondents at the end of a...

The House of Reps on Wednesday ordered an investigation into alleged “multiple statutory violations” by the Bureau of Public Enterprises. Lawmakers took the decision in Abuja, following complaints by the Fiscal Responsibility Commission that the BPE was in frequent breach...

Should the lull in power supply persist, the sector’s revenue loss will be about N809.8 billion by next January, the Executive Secretary, Association of Nigerian Electricity Distributors (ANED), Sunday Oduntan, has said. Besides, payment for electricity bills has fallen substantially...

The Economic and Financial Crimes Commission (EFCC) is looking into the roles played by two former National Security Advisers – Gen. Aliyu Gusau and the late Owoye Azazi – and two former Attorneys-General of the Federation on the facilitation...

The Nigerian National Petroleum Corporation (NNPC) said it remitted $180.93million into the Federation Account in August. It said the performance was poorer than that of the preceding month when the corporation received a total of $212.25million. The corporation’s monthly financial report...