NSE market capitalisation drops by N90billion in Thursday trading

The market capitalisation of the Nigerian Stock Exchange, NSE depreciated by N90 billion or 0.64…

Federal Secretariat Abuja

Government agencies pocketing internally-generated funds, says Fiscal Commission

The Fiscal Responsibility Commission, FRC, on Thursday accused revenue generating Ministries, Departments and Agencies, MDAs,…

Sarah Alade

CBN’s Sara Alade appointed financial market dealers board chairman

The Deputy Governor, Economic Policy Directorate, Central Bank of Nigeria, CBN, Sarah Alade, has been…

Oando Service Station 2

Oando acquires ConocoPhilips for $1.5 billion

The transaction involved the acquisition of ConocoPhillips’ Nigerian oil and gas businesses consisting of Phillips Oil Company Nigeria Ltd. Oando Plc on Wednesday completed the acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips for $1.5 billion (about N2.3 trillion). Oando announced the acquisition in Lagos in a…

Courtesy vanguardngr

Gas marketers want government policy to promote domestic gas usage

The National Association of Liquefied Petroleum Gas Marketers decries the incidence of double taxation in the country. The National Association of Liquefied Petroleum Gas Marketers, NALPGAM, has asked the Federal Government to initiate sustainable polices that would promote the use of gas for domestic purposes in the country. The National…


Cashew association to partner with USAID to develop sector

With appropriate incentives, cashew could increase annual export earnings from N25billion to N200 billion. The National Cashew Association of Nigeria, NCAN, says it is targeting the support of the U.S. Agency for NCAN National President, Tola Faseru,, to develop the country’s cashew value chain and improve crop yields. The NCAN…

Bank atm-001

GTBank unveils new service, to partner with supermarkets, schools, others

Guaranty Trust Bank, GTBank, has unfolded a new agent banking service, GTExpress, as part of effort to take banking services closer to existing and potential customers. GTExpress is a new service platform by the bank through agent locations such as supermarkets, schools, cinemas, markets, restaurants and petroleum products marketing outlets.…

Power transmitter

Transmission Company plans to boost operations with N1.3 trillion

The money is aimed at is aimed at achieving over 20,000 megawatts, MW, of electricity supply in the country. (more…)


Civic group tasks Nigeria Central Bank on policy incentives

“Very good macroeconomic indicators fundamental for economic growth and wealth creation do not put food on the table.” (more…)

arik air

Ebola Virus: Arik suspends flights to Liberia, Sierra Leone

Over 670 people have been killed by the virus in West African countries. Arik Air on Sunday said it would suspend flight operations to Monrovia in Liberia and Freetown in Sierra-Leone on Monday following the first Ebola virus death officially confirmed in Lagos. This is disclosed in a statement issued…


Asaba power sub-station to be inaugurated Aug. 28

The launching was earlier billed for Monday. (more…)


Aviation workers issue fresh ultimatum to Nigerian Government

Air transport workers say the ultimatum was given, following the expiration of a previous one. (more…)


Nigeria loses over N200 billion annually to difficult business environment, says financial analyst

The losses are mainly associated with bottlenecks faced by entrepreneurs in starting businesses. (more…)


Nigerian Government sets aside N220 billion for SMEs

States can access up to about N2billion from the fund. (more…)

Firms, individuals owe Lagos Government N18 billion in taxes

State IGR grew from N18 billion in 1999 to N237 billion in 2013. (more…)


Explore Nigeria’s opportunities as Africa’s biggest economy, Sambo tells Islamic Bank

The Vice President decries the high interest rates charged by local banks. (more…)


Benin Republic Arrest Nigerian Oil-bunkering Vessel, 4 Suspects

It was not immediately clear where the ship and its crew were heading when the incident occurred. Four persons, in an oil bunkering ship, were Tuesday arrested by Benin Republic authorities after a failed attempt to illegally export about 35,000 metric tons of crude oil believed smuggled from Nigeria. Luck…


POS transactions grow to N24billion monthly, says CBN

Mobile money transaction value also grew to N819 million. (more…)


30 vehicle manufacturing plants set to open in Nigeria, says auto council

The country had 14 existing plants at different locations in the country. (more…)