The Niger Delta Avengers has disowned a statement to the effect that the militant group had agreed to negotiate with the federal government to end the current crisis in the Niger Delta region. Yesterday’s rebuttal was sequel to a statement...

The Federal Government’s plan to diversify the nation’s economy leveraging the solid minerals development cannot be funded by banks in the country, a former Managing Director of Nigerian Mining Corporation, Dr. Biodun Olorunfemi, has said. Olorunfemi, who is currently the...

In a bid to check the arbitrary increase in the pump price of kerosene, the Federal Government has placed an order for massive importation of the product, oil marketers have said. According to them, the government has also ordered huge...

Following the free fall of the naira against the United States dollar, the cost being incurred for the purchase of gas for power generation has risen by about 60 per cent, our correspondent has learnt. Gas for power generation is...

The Federal Government on Wednesday at an auction raised N110bn worth of bonds maturing in 2021, 2026 and 2036, the Debt Management Office said According to DMO’s auction result obtained from its website on Wednesday, it sold N40bn of 2021...

The Central Bank of Nigeria has again faulted speculations that some banks in the country may be going under because they are distressed, stating that all existing banks are in safe financial condition. The apex bank in a statement issued...