The Nigerian banking sector’s profit fell by 28.4 per cent in the 2015 financial year, the just released Afrinvest 2016 Banking Sector Report showed. The report, released in Lagos on Wednesday, indicated that foreign exchange volatility and lower oil price...

In order to tackle the challenge of graduate unemployment, the Federal Government has mapped out plans to introduce graduate farmers’ scheme in crop production, fish farming and poultry in all the 109 senatorial districts across the country. The Minister of...

The Federal Government has hunted down 700,000 firms that have never paid taxes as it seeks new revenue sources to offset low oil prices that have pushed the country into its first recession in more than 20 years. The Executive...

The Nigerian Electricity Regulatory Commission has told power firms carved out of the defunct Power Holding Company of Nigeria to comply with the agreements they entered into with the Bureau of Public Enterprises or be sanctioned. The General Manager, Legal,...

The Central Bank of Nigeria borrowed N140.88bn ($448m) via short-dated Treasury bills at an auction on Wednesday, attracting lower yields across the board, except on the three-month debt that was flat, data from the CBN showed. The CBN sold N28.12bn...

The Federal Government has inaugurated the governing boards of the Nigerian Ports Authority and the Nigerian Maritime Administration and Safety Agency. Both boards were inaugurated at the headquarters of the Federal Ministry of Transportation in Abuja by the Minister of Transportation,...