News Reports

Carlos Ghosn (Photo Credit: Al Jazeera)

Nissan shares slump after arrest of chairman Carlos Ghosn

The embattled official was arrested and would be fired from Nissan’s board this week, the company said.

Yobe on map

Yobe govt. promises to sustain immunisation coverage

The governor said the improvement in security had provided opportunity to reach more women and children for coverage in remote areas.

NCC Headquarters used to illustrate the story.

NCC decries telecoms operators’ non-compliance to AOL

The commission says it has been inundated with complaints by subscribers on non-compliance with directions on data roll-over.

Central Bank of Nigeria (CBN)

CBN reschedules monetary policy committee meeting

An official explains the reason for the shift.

A Bureau De Change, BDCs, operator

Forex: CBN injects $318.03m into retail market

This is the latest funding prior to the final MPC meeting for 2018.

FCMB used to illustrate the story. [Photo credit: Eagle Construction Limited ECL Abuja]

FCMB partners WSBI to boost financial inclusion in Nigeria

The memorandum outlines a framework to deepen agency banking, financial inclusion and savings culture in the informal and agribusiness sectors.

President Muhammadu Buhari

Buhari pledges more employment opportunities for citizens

The policies initiated by the federal government by abrogating monopoly, thereby allowing IOCs use any facility in Nigeria, yielded immediate positive result for the Nigerian economy.


Capital market committee approves plan to introduce e-IPO

The commission has also announced deadline extension for investors to regularise multiple accounts.


Why General Electric pulled out of Nigeria’s railway concession arrangement

The railway concession project was worth around $2 billion.

Naira notes

Naira appreciates against dollar at investors’ window

The Nigerian currency exchanged at N363.90 to the dollar and stronger than N364.23 posted on Wednesday.


All-Share Index drops to 31,000 mark

The market capitalisation which opened at N11.722 trillion shed N89 billion to close at N11.633 trillion against N11.722 trillion on Wednesday.

President Muhammadu Buhari 2

Buhari approves renewal of three oil licences for Seplat till 2038 – Official

The official assures the company would now invest in the Nigerian oil and gas industry with confidence.

Rail tracks connecting Abuja - Kaduna

Nigeria’s rail concession faces fresh hurdle as General Electric reportedly pulls out

The $2 billion project is for two lines connecting cities in the northern part of the country to others in the south.

2019 Presidential aspirant and former vice president, Abubakar Atiku.

I’ll risk inflation to win huge foreign investments — Atiku

Mr Abubakar’s comments have elicited critical reviews by commentators.

Central bank of Nigeria (CBN)

Nigerian commercial banks refund N72bn to customers in 2017 – CBN

The CBN says electronic fraud in banking could hit N6.1 trillion by 2021

Nigeria's ministry of finance building

UPDATED: Nigeria raises $2.86bn bonds to fund budget, other projects

The offering attracted significant interest from leading global institutional investors.

Naira notes

Naira gains 50 kobo against the dollar at parallel market

The Nigerian currency exchanged at N361.5 to the dollar on Tuesday.

Medview Airline

Why our Q3 account was delayed – Medview Airline

Medview is one of Nigeria’s foremost airlines, airlifting about three million passengers and 46 million tons of cargo annually.

The Murtala Mohammed International Airport

Again, power outage frustrates passengers at Lagos airport

Incidences of power outage are becoming a recurring development at the Lagos airport.

MTN Nigeria office

MTN says ‘out of court’ settlement with Nigeria possible over fines

Following the comment, MTN’s shares at the Johannesburg Stock Exchange rose by 1.5 per cent to about 81.11 rand.

FILE PHOTO: Thousands of young Nigerians jostled for 11 job positions in UNTH Enugu, South East Nigeria

Nigeria’s statistics bureau under fire over failure to release unemployment data

The NBS says it has not gotten the necessary funding for such research.

Zimbabwe on map

Zimbabwe invites bids for struggling national airline

Air Zimbabwe, which owes foreign and domestic creditors more than $300 million, was in October placed into administration to try and revive its fortunes.

Director-General, Debt Management Office, DMO, Patience Oniha

Nigerian govt to auction N115 billion bonds on November 21

Nigeria issues bonds to support local bond market, create benchmark for corporate issuance and also fund budget deficit.


UPDATED: Teleology takes over Nigeria’s 9mobile

The firm immediately announces a new board of directors for the company.

Skye Bank

Defunct Skye Bank management, directors under investigation – NDIC

NDIC bos says officials of the bank “contributed to its failure by engaging in insider abuse, poor corporate governance and banking malpractices.”