...Oil firms suspend operations as PIB passes second reading in Senate Barely a few hours after the dialogue between President Muhammadu Buhari and critical stakeholders of the Niger Delta to resolve the crisis in the region, unrepentant militants Tuesday night...

The total assets under the Contributory Pension Scheme rose to N5.9tn as of the end of September. The Director-General, National Pension Commission, Mrs. Chinelo Anohu-Amazu, disclosed this during a seminar in Abuja. “Some of the major success indicators include the consistent...

President Muhammadu Buhari will resubmit the request for his administration to borrow $29.96bn from external sources to the Senate despite the setback the borrowing plan suffered at the upper legislative chamber on Tuesday. The Minister of Information and Culture, Alhaji...

...As Naira Appreciates on Parallel Market The Manufacturing Purchasing Manager’s Index (PMI) stood at 44.1 index points in October 2016, compared with the 42.5 recorded the preceding month. The Central Bank of Nigeria (CBN), which disclosed this in the PMI report...

  The Ministry of Power got the highest amount of N209.24bn out of the total N753.6bn capital votes so far released by the Ministry of Finance to Federal Government’s Ministries, Departments and Agencies for the implementation of the 2016 budget. The...

The Nigerian Electricity Regulatory Commission has imposed a fine of N37.52m on the Port Harcourt Electricity Distribution Company over its failure to submit audited financial reports since 2013 when a new management came on board. NERC in its Directive 158...