Nigeria raised N121bn ($372.88m) in an auction of local-currency bonds on Wednesday, with yields higher across the board, according to briefs from the Debt Management Office. The debt office sold N15bn of 2021 paper at 15.14 per cent at Wednesday’s auction, compared with 15.08 per...

Air travellers avoided the ticketing and reservation counters of Arik Air  despite the fact that the airline commenced skeletal operations in the afternoon at the Nnamdi Azikiwe International Airport Abuja. Arik, Nigeria’s largest commercial airline, had announced a temporary suspension of its flight services on...

The discovery of crude oil in Nigeria should have brought remarkable development to the country, but that has not been the case for the nation. Before the discovery of crude oil, agriculture was the main stay of the Nigerian economy, but it was relegated...

The National Biosafety Management Agency has described as untrue claims that there were genetically modified rice in the Nigerian market. It said those making the insinuations that the country had been flooded with ‘poisonous’ rice were mischief makers. The Director-General, NBMA, Dr. Rufus Ebegba, made the...

The Lagos State Governor, Mr. Akinwunmi Ambode, has advised the Federal Government to allow state governments to develop the natural resources within their domains in order to create the necessary infrastructure that will attract investors. According to him, the Federal Government has a critical role...

The Federal Government has said that the emergence of South Africa as the largest economy in Africa, a position that Nigeria held up until last week would make the government work harder to regain its lost glory. The Minister of Budget and National Planning, Senator Udo...