The Economic and Financial Crimes Commission has unveiled plans to go after multinationals involved in illicit financial flows out of Nigeria. The Acting Chairman of the commission, Ibrahim Magu, disclosed this in an interview with journalists on the sideline of...

Nigeria has lost about $235bn worth of investments on the back of the failure to reform the oil and gas industry, even as the Federal Government struggles to pay up over $9bn cash call arrears to oil firms. Oil workers...

The Minister of Finance, Mrs. Kemi Adeosun, has called for global support towards addressing the issue of illicit financial flows in Africa. She added that this would help drive accelerated revenue growth and improve government’s efficiency. The minister stated this while...

Investors in the nation’s stock market lost N105bn on Tuesday as 18 stocks led by Fidelity Bank Plc took a beating at the end of trading on the floor of the Nigerian Stock Exchange. The NSE market capitalisation, which fell...

Dangote Flour Mills has exited the noodles business and sold its assets to Dufil Prima Foods, makers of Indomie noodles, saying it no longer consider it as strategic. Dangote Flour Mills, which made the announcement on Tuesday, said in order...

NIPCO Plc has outlined measures being put in place by the majority shareholders of the newly acquired Mobil Oil Nigeria Plc, to make the deal a game changer in the downstream industry. The Group Managing Director, NIPCO Plc, Venkataraman Venkatapathy,...