News Reports

Minister of Trade and Investment, Okechukwu Enelamah

Agency to raise $500 million for Nigeria’s economic zones — Minister

Vice President Osinbajo also assures of government’s support.

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

FG allots N532.65 million to 515 subscribers in May savings bond

The bonds have a tenure of between two and three years and a minimum size of investment of N5, 000 and maximum of N50 million.


Prices of selected food stuff increased in April — NBS

The average price of one dozen of medium sized agric egg increased from N459.81 in March to N467.18 in April.

Godwin Emefiele, Governor of Central Bank of Nigeria (CBN)

Excess Oil Revenue: CBN warns govt against ‘spending spree’

The CBN also wants the government to save for the rainy day.

NNPC Headquarters, Abuja

NNPC remits N1.26 trillion to Federation Account in 2018

The NNPC said in a statement on Tuesday that it remitted N1.26 trillion as against the N1.22 trillion projected in the 2018 budget.

A private filling station used to illustrate the story.

Depot owners want total deregulation of petrol

The depot owners also complained about the current pricing template of petrol.

Nigeria Stock Exchange

NSE All-Share Index returns to 30,000 mark, amid MTN Nigeria gains

The market capitalisation which opened at N12. 938 trillion inched N367 billion to close at N13.305 trillion.

Godwin Emefiele, Governor of Central Bank of Nigeria (CBN)

CBN retains monetary policy parameters

The bank had adjusted the MPR from 14 per cent to 13.5 per cent in March

Unity Bank

Alleged N7bn Excess Charges: Unity Bank responds to presidential panel’s allegations

The bank says the allegations are “ill-motivated”, adding that it has transferred all balances belonging to the MDAs to their TSA accounts


Cisco to train one million students in Africa on digital skills

Cisco says it intends to support the creation of Digital Learning Hubs in public libraries, accessible by the local population.

NNPC Headquarters, Abuja

NNPC redeploys 19 senior staff

The corporation says no staff was sacked.

Electricity Pole

DISCOs need N3.07 trillion in 5 years to boost electricity supply in Nigeria – Report

DISCOs report a revenue shortfall of over $3billion.

MTN Nigeria office

Real owners of MTN Nigeria revealed

A document dated May 15, showed 11 owners of MTN Nigeria.

Smart Phones used to illustrate the story.

Active subscribers increase by 43,807 in March — NCC

Active GSM users rose to N173.7 million

Tony O Elumelu

Elumelu urges investment in young Africans

Mr Elumelu spoke Thursday at the Tech for Good Summit 2019, which held in France.

Federal Inland Revenue Service ((FIRS) chairman, Babatunde Fowler.

FIRS posts N1.5 trillion in 1st quarter 2019

The amount is N330 billion or 28 per cent higher than the N1.17 trillion reported by FIRS in the same period of 2018.

Zainab Ahmed

Excess Crude Savings: Why Nigerian govt. must ‘aggressively’ fund NSIA – Official

“The NSIA is doing a good job with the small savings available to it in the Stabilisation Account,” the minister said.

FHA inaugurates transitional management committee

A new management is expected to be put in place by the government soon.

Nigerian airlines need partnership deals to enhance operations – NCAA

NCAA also demystified the claim that Nigerian airlines were paying one of the highest aviation charges in the world.

Central bank of Nigeria (CBN)

Nigeria’s outstanding domestic debt stands at N12.4 billion – CBN

The bank says the figure represents a decrease of N146.35 million or 1.16 per cent when compared to N12.59 billion in 2017.


Increase in food prices made inflation rise in April -NBS

The bureau said the high inflation was caused by increase in prices of some foodstuff.

The Director General, Bureau of Public Enterprises (BPE), Alex Okoh

Court insists BPE DG must appear in person in contempt case over ALSCON

The court wants Mr Okoh to show why he should not be committed to prison for the BPE’s flouting of a Supreme Court’s order on ALSCON’s ownership.

Microsoft (Photo Credit:

Microsoft to invest $100 million on Nigeria, Kenya tech hubs

The tech firm says it will hire 100 developers by the end of 2019, and expand to 500 by the end of 2023.

Stanbic IBTC Bank fined N2 billion for violating CBN guidelines, other offences

Details of the fines are contained in Stanbic’s financial statement for the year ended December 2018

Nigerian Stock Exchange (NSE)

NSE delists Newrest ASL, market capitalisation loses N141 billion

The All-Share Index declined by 1.26 per cent or 363.37 points to close at 28,484.44 compared with 28,847.81 achieved on Friday.