The Director General of the Debt Management Office (DMO), Dr Abraham Nwankwo, on Wednesday said that the nations de-listing by JP Morgan from its emerging market bond index is not a true reflection of the nation’s economy. Speaking at a news conference in Abuja, Dr...

Power generation in Nigeria was 1,750 MW in 1999 when the military exited the stage for democratic governance. The issue became worse after the transition of government in 1999 from the military regime to civilian regime. Prior to that transition, the sector according to report...

Read the presidency statement in full below: “Documents submitted by President Muhammadu Buhari to the Code of Conduct Bureau (CCB), show that the retired General has indeed been living an austere and Spartan lifestyle, contrary to what many might expect of a former Head of...

The independent Corrupt Practices and other offences Commission (ICPC) has commenced investigations of four former governors following petition against them. The four governors are former governor Rotimi Amaechi of Rivers, Sullivan Chime of Enugu, Ibrahim Shema of Katsina and Rabiu Kwankwaso of Kano. Vanguard reports...

The Nigeria Stock Exchange (NSE) is set to pay N42, 227,397 (forty two million, two hundred and twenty seven thousand, three hundred and ninety seven naira as compensation to 158 investors who suffered embezzlement (defalcation) from 29 dealing member firms. The dealer firms of the...

On the back of strong support for domestic food production and processing, Nigeria can launch an era of food diplomacy with her trading partners.   Nigeria is in a transition from supreme oil-dependency to a more diversified economy. Susceptibility of the domestic economy to external revenue...