Business

FEC Approves N51bn For Contract Reviews, Refund To Yobe The Federal Executive Council has approved N51,003,698,535 for contracts, including variations as well as a project...

Fuel Scarcity Worsens In FCT, Lagos, Others   Fuel scarcity worsened in Lagos, the Federal Capital Territory and other parts of the country on Tuesday, resulting...

Stock Rebounds As Market Capitalisation Rises By N180bn   The market capitalisation of the Nigerian Exchange NGX closed trading on Tuesday with a gain of N180...

Why International Partners are Reluctant to Return our Stolen Loots - Buhari By Zeenat Sambo President Muhammadu Buhari has revealed that international partners are often reluctant...

Banks Record N1.21trn Non-performing Loans   The total non-performing loans in the banking sector hit N1.21tn as of the end of February 2022, figures obtained from...

CBN Guarantees N5.9bn Loan For 31,666 Farmers Under ACGSF   The Central Bank of Nigeria (CBN) has said 31,666 loans worth N5.92 billion were guaranteed under...

Nigeria Oil Blocks Not Licensed for 15 years - World Bank The World Bank report has revealed that Nigeria has not held a licensing round...

Re-Strategizing To Save Economy From Dollarisation There are indications that the CBN is considering renewal of its forex containment measures ahead of the 2023 elections...

IATA Predicts Nigerian Airlines, Others to Lose $700m in 2022 The International Air Transport Association has revealed that Nigerian airlines and others across Africa will...

Saraki:  FG To Demolish Customs Scanner Stalling Rail Connectivity The federal government says it is ready to fast-track the removal of the only impediment preventing...

Refiners: N67trn Oil Projects Fund Threatened in Nigeria The African Refiners and Distributors Association (ARDA), has expressed concern that funding for oil projects, totaling...

TinCan Port Shows Decades of Neglect, Needs Total Reconstruction - Saraki The Minister of State for Transportation, Gbemisola Saraki, has frown at the dilapidating state...

Nigeria, others to Benefit from $13bn Trans Sahara Gas Project   The federal government has disclosed that the $13 billion Trans Sahara Gas Pipelines (TSGP) project...

Paxful: Nigerians Defy CBN's Ban as Bitcoin Transactions Double in May  Despite the Central Bank of Nigeria’s restrictions on cryptocurrency transactions in the country,  Paxful,...

Foreign Airlines Express Worry As FG Blocks $450m Ticket Revenue   The International Air Transport Association (IATA) has expressed concern over the decision by the Federal...

NCC Says No 40% Telecom Tariff Hike For Now   The Nigerian Communications Commission (NCC) has said the proposal of telecom operators for a 40 per...

In One Week, Stock Investors Lose N767bn   Investors lost N767bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The...

FG To DisCos: Resume Free Metre Distribution   The Federal Government has given instructions to electricity distribution companies to resume the Metre Assets Providers programme, recently...

Price Of 5kg Cooking Gas Now N3,921.35 – NBS   The National Bureau of Statistics (NBS) says the average price of refilling a 5kg cylinder of...

Buhari Set To End Fuel Scarcity, Approves Upward Review Of Oil  President Muhammadu Buhari has approved the upward review in freight rate for transporters to...