Business

Power Sector Loses N420bn Annual Revenue – Gencos The monthly shortfall in revenue remittances to the power sector stands at N35bn, the Executive Secretary of...

Aviation Agencies Struggling With Over-Bloated Staff, Need Rejigging – Stakeholder The Chief Executive Officer (CEO) of West Link Airlines, Captain Ibrahim Mshelia, has said that...

Naira Slips to N737  to a Dollar The naira, on Thursday, depreciated further against the dollar at the parallel and official sections of the foreign...

Attorney-General charges Zinox Group Chairman, wife, 11 other suspects over alleged N170.3m contract fraud After evading prosecution for over eight years, the Chairman of Zinox...

15.5% Rate: CBN Directs Banks to Increase Interest on Savings Deposits The Central Bank of Nigeria has ordered deposit money banks (DMBs) across Nigeria to...

FG Decorates 37 Officers, Aims to Strengthen Security at Free Trade Zones In order to strengthen Nigeria's free trade zones security architecture, Otunba Adeniyi Adebayo...

AfDB, Others Vow to Strengthen Trade, Investment in Africa The African Development Bank (AfDB), Afreximbank, and six other partners have reaffirmed their commitment to better...

NNPC, Others Target 5m Tons of Gas Use in 3yrs The Nigeria National Petroleum Company Limited (NNPC Ltd) and other players, says they aim to...

FG, CBI Launches Shea Export Dev’t Project - NEPC Boss The federal government and the Centre for Promotion of Imports from Developing Countries (CBI) have...

FG Plans $350m Savings, Targets 100,000 Jobs in Sugar Production The Federal Government says it has approved Phase II of its 10-year National Sugar Masterplan...

740 Gas Centres, 20m Cylinders to be Deployed Across Nigeria Says NNPC   The Nigerian National Petroleum Company Limited has announced that it will deploy 740...

FG Signs N29bn for Road, Salt Wall Projects The Federal Government says it has approved the sum of N29.083bn for projects in the Ministry of...

Africa Trade Consortium Announces October 21 Trade Forum In Nigeria   The first edition of an annual forum organized by Africa Trade Consortium (ATC) will be...

Reps Demand Tax Records, Documents Of NNPC JV Accounts   The House of Representatives has demanded the tax records and other relevant documents on joint venture...

Domestic Stock Sheds N15bn In Bearish Trading   The domestic stock market yesterday closed on a negative note, with market capitalisation shedding N15 billion or 0.56...

CBN Loans N9.3trn To Businesses   The Central Bank of Nigeria has lent N9.3trn to businesses, recovering N3.7tn from it. The apex bank said N5tn was not...

JUST IN: Metropolitan Trains for Lagos Red Line Project Arrive  The Governor of Lagos State, Babajide Sanwo-Olu, has announced the arrival of metropolitan trains for...

Buhari’s Plans to Support Local Artisans is Commendable  - NASENI Chair The Executive Vice Chairman and Chief Executive of the National Agency for Science and...

CBN Raises Interest Rate To 15.5% to Curb Inflation The Central Bank of Nigeria (CBN), Monetary Policy Committee has again raised the interest rate by...

JUST IN: Senate Seeks Removal of CBN Governor The Nigeria Senate has initiated moves to remove the Governor of Central Bank of Nigeria (CBN) as chairman...