IMF states position on Nigeria’s border closure

The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade. Mr Abebe Selassie,...

Nigeria Loses N18bn to PPP Arrangement, Says Immigration Boss

The Comptroller General of the Nigeria Immigration Service (NIS), Mohammed Babandede, has faulted the Public Private Partnership (PPP) agreement signed by the Interior Ministry...

Six Banks Extend Market Dominance

The Concentration Ratio (CR) of the six largest banks in Nigeria with respect to deposits and assets stood at 60.31 and 59.74 per cent...

Ghanaian High Comission Deny News Of Confisticating Nigerians’ Money

Nigeria High Commission in Accra, Ghana has refuted social media report that Nigerians living in Ghana without a resident permit will not be able...

₦500, ₦1000 Denominations Most Commonly Counterfeited Banknotes- CBN Report

The Central Bank of Nigeria (CBN) on Wednesday, said that a total of 119,663 pieces of counterfeit notes with a nominal value of ₦98.82...

Raking in millions by selling digital products online

As the team behind an eCommerce plugin, we constantly see the different types of products people are selling online. Most commonly, online stores sell digital...

Access Bank hits over N1bn in daily digital lending

Access Bank’s expanded digital lending portfolio, which gives Nigerians quick and 24/7 access to funds for emergencies without any collateral, has hit a record...

Airlines make gains as traffic surges by 3.8 per cent

PHOTO:Google Airlines have recorded a marginal rise in gains as passenger traffic surged by 3.8 per cent in August. The International Air Transport Association (IATA), in...

Osinbajo presents ‘certificate of discharge’ to Transcorp

Vice President Yemi Osinbajo on Monday at the Presidential Villa, Abuja, presented Certificate of Discharge to Transnational Corporation of Nigeria (Transcorp). A certificate of discharge...

2020: Fuel subsidy to gulp N450bn – Finance minister

Minister of Finance, Mrs Zainab Ahmed Mrs Zainab Ahmed, the Minister for Finance, Budget and National Planning says under-recovery of Premium Motor Spirit (PMS), popularly...

Improve Your Business Speak With These Words & Phrases

Are You Using These Negative Words? Use These Powerful Words Instead and Improve Your Communication Below is a list of frequently used expressions and how...

Revenue 36 states, FCT generated in first half of 2019 revealed [Breakdown]

The National Bureau of Statistics (NBS), says in the first half of 2019, the 36 states the federation and the Federal Capital Territory (FCT),...

NNPC Discovers Crude Oil, Gas in Bauchi State. VIDEO

At about 21:20 hours of 10th October 2019, NNPC group drilling crew working at Kolmani River-II in Gongola Basin have encountered hydrocarbon outflow to...

Iran’s oil tanker hit by missiles, engulfed by massive fire

A massive fire broke out at an Iranian oil tanker after an explosion occurred on Friday near the Saudi port city of Jeddah, resulting...

Innoson Replies Critics, Says “Rome Was Not Built In A Day” (Photos)

1.Rome was not built in a day and the biggest room in the world is the room for improvement. Innoson Vehicles will continue to...

Upgrade of CAC’s portal not to siphon money: Registrar-General

Lady Azuka Azinge, acting Registrar-General, Corporate Affairs Commission (CAC) Lady Azuka Azinge, acting Registrar-General, Corporate Affairs Commission (CAC), said on Wednesday in Abuja, that the...

Details of President Buhari’s meeting with new economic team emerge

President Muhammadu Buhari, Wednesday in Abuja administered oaths of office on members of the newly-constituted Presidential Economic Advisory Council (PEAC). He also set an agenda...

Nigeria’s Economy Rigged In Favour Of Connected Investors, Allege Peterside

“By definition, the well-connected investors are few and so our Investment/GDP ratio is likely to remain low until we make it possible for all...

EU, Germany to partner on Nigeria’s leather industry

The Ministry of Science and Technology said the European Union (EU) and German Society for International Cooperation (GIZ) through the Nigeria Competitiveness Project (NICOP) ...

Nigerians spent N7.2b on BBNaija votes, N1.5b in final week

2019 BBnaija winner, 26-year-old graduate of Imo State University, Mercy Eke. Nigerians spent N7.2b to vote for the 26 housemates in the just concluded Big...

Anambra govt explains why it budgeted N6bn for cargo airport

Anambra State Government has stated reasons it budgeted N6billion for the construction of the proposed Anambra Cargo Airport, despite initial information that a Chinese...

BBNaija: Mercy Wins Big Brother Naija 2019 (Photos)

After battling it out for a grueling 99days, Mercy has emerged as the first female winner of the reality TV show Big Brother Naija.

Dangote’s Multi-billion Naira Greenhouse Farm Commences Operations

  The multi-billion High–Tech Greenhouse Farm established by Dangote Farms Limited, geared at boosting the cultivation of high-quality tomatoes in the country, has commenced full...

Sanwo-Olu unveils Financial Centre for Sustainability

L-R: Associate Executive Director, Capital Markets, FMDQ, Ms. Tumi Sekoni; General Counsel to the Lagos Governor, Mrs. Bukola Odoe; Managing Director/CEO of FMDQ Securities...

CBN Grants Banks’ Approval To Debit Loan Defaulters

The Central Bank of Nigeria (CBN) has given approval to the banks to debit any defaulting debtor across all the banks where the debtor...

Nigeria to strengthen trade relations with Poland

Nigeria-Poland flag Mr Adeniyi Adebayo, the Minister of Industry, Trade and Investment, has reiterated Federal Government’s committment to strengthen relationship between Nigeria and Poland in...

Nigeria, South Africa to issue 10-year Visa to businessmen, academics

Buhari and Ramaphosa in Pretoria Following successful conclusion of the 9th Bi-National Commission of South Africa and Nigeria meeting in Pretoria, South Africa, which was...

Finance Minister assures adequate funding of 2020 appropriations

  Nigeria’s Minister of Finance, Mrs Zainab Ahmed has assured the Senate Committee on Appropriation that the 2020 budget to be presented by President Muhammadu...

CBN Fine 12 Banks N499b For Not Giving Out Loan To Customers

For breaching its guidelines on lending to the real sector of the economy, the Central Bank of Nigeria (CBN) has fined 12 major banks...

Shell inaugurates 34 projects in Delta communities

Shell The Shell Petroleum Development Company of Nigeria Limited (SPDC) Joint Venture (JV) has appealed to its host communities to continue to create the enabling...

Sterling Bank leads international payments in West Africa with SWIFT GPI

Africa’s most agile company and Nigeria’s most innovative bank, Sterling Bank Plc, is the first bank in West Africa to go live on SWIFT...

Obiano Commissions Coscharis Rice Mill Today (Photos)

I read somewhere that “every great accomplishment begins with a dream, a vision that motivates us to shape our thoughts into a powerful reality;”...

CBN,raises deposit ratio again

The Central Bank of Nigeria, CBN, has raised the Loan to Deposit Ratio of banks from 60 to 65 percent. Recall the CBN had previously...

Soludo urges Nigerians to invest technological innovations

Prof. Chukwuma Soludo A former Governor of the Central Bank of Nigeria (CBN), Prof. Charles Soludo, on Tuesday urged Nigeria to invest more in technological...

4500 Register For AgricBusiness Africa Growth, Profitability Conference

  The maiden Agric Business Africa Conference is expected to feature over 4500 participants drawn from the agriculture landscape when it convenes on October 1st...

CBN sends powerful message to youths in creative industry

The Central Bank of Nigeria (CBN), has assured youths in the creative industry that they will benefit from a N22 billion intervention fund set...

National Theatre to get facelift, creative industry N22bn –Emefiele

Nike Popoola The Central Bank of Nigeria and the Deposit Money Banks have disclosed their plans to transform the National Theatre at Iganmu in Lagos...

Enugu airport runway rehabilitation ongoing –FAAN

The Federal Airports Authority of Nigeria (FAAN) said at the weekend that it has commenced the rehabilitation works at the Akanu Ibiam International Airport runway...

Nigeria makes World Bank’s top 20 list

The World Bank Doing Business (DB) team has announced Nigeria as one of the top-20 improvers in doing business out of 190 countries. Dr Jumoke...

At Aspire Music Festival, Zenith Bank Customers Party Hard

The teeming crowd that converged at Harbour Point Event Centre in Victoria Island, Lagos last weekend for the Zenith Bank Aspire Music Festival showed...

Tesla Adds Spotify, Netflix, YouTube and Hulu Support

Elon Musk’s Tesla is adding a bevy of new entertainment options with the latest software system update for its electric vehicles. The new Tesla Theater feature lets owners of...

Fossil fuel to remain relevant for decades to come – NNPC GMD

  The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has said that fossil fuel would remain relevant in the...

DPR seals eight filling stations, others in Ekiti, Ondo

  The Department of Petroleum Resources (DPR) said it has sealed eight erring fuel and gas stations in Ondo and Ekiti States over alleged sharp...

NNPC, Agip and Oando execute novation agreement for 4 OMLs

To expeditiously grow the Federal Government’s revenue and in turn boost the nation’s reserve base, the Nigerian National Petroleum Corporation (NNPC), Nigeria Agip Oil...

SPECIAL REPORT… Nigeria set to join league of electric car producers? We visited UNN...

On June 8, a group of onlookers queue up the street at the University of Nigeria Nsukka  (UNN) to witness an historic moment. It was...

FEC approves N109.4bn for Ibadan–Ilesha–Ife, Kano–Katsina roads

The Federal Executive Council presided over by Vice President Yemi Osinbajo on Wednesday approved N109.4billion for the construction of Ibadan–Ilesha–Ife and Kano–Katsina (Phase two)...

Searchlight on Nigeria, Africa at Gates summit

The 2019 Goalkeepers Summit by the Bill and Melinda Gates Foundation in New York, which coincided with the United Nations General Assembly (UNGA), provides...

Debt burden to rise as W’Bank considers new loan for Nigeria

  With the World Bank saying it is in talks with Nigeria for a fresh loan of $2.5bn, Nigeria’s total debt burden may hit N24.39...

EU supports Nigeria with 150m euro

The European Union (EU) has supported Nigeria with 150 million euro to tackle the challenges of climate change in the country. The EU ambassador to...

How Bill Gates opened my eyes – Dangote

The Chairman, Dangote Group, Alhaji Aliko Dangote, said that he had no idea the level of neglect in Nigeria’s health sector until he...