News Reports


Capital Importation into Nigeria decreases – NBS

Foreign Direct Investment accounted for 4.7 per cent ($261.4 million) of total capital imported in the second quarter.

From left: Executive Director, Finance and Corporate Services, Federal Mortgage Bank, Mr. Melville Ebo; Executive Director, Federal Mortgage Bank ( FMB), Rahimatu Aminu; Managing Director , FMB, Dangiwa Ahmed and Vice President Yemi Osinbajo during a visit to the Vice President by FMB Executives at the Presidential Villa in Abuja. 04529/20/8/2018/Sumaila Ibrahim/TA/NAN

FMBN seeks N500 billion recapitalisation

FMBN says had funded estates in over 20 states of the federation.

Nigerian community in U.S. to float community bank

The steering committee of the proposed bank was inaugurated in April.


Nigeria’s economy out of recession, NBS insists

“The NBS has stated several times that the stages after an economic recession is an economic recovery.”

Diamond Bank Headquarters Photo: Business News

Financial inclusion: Diamond Bank disburses N1billion under SMEs scheme

The bank says the disbursement is one of its ways of ensuring financial inclusion in the country.

Nigeria Stock Exchange

NSE market capitalisation shed N219 billion

The All Share Index shed 603.21 points to close at 34,663.48 as against 35,266.69 on Friday.

4 billion people to be connected to internet by 2020 – Schneider Electric

The Internet of things is the network of physical devices, vehicles, home appliances, and other items embedded with electronics and software.


NLNG: Nigeria committed to commencement of Train-7 – Adeosun

The incoming Train-7 has the potential of creating 10,000 jobs in the next nine months.

Nigeria Stock Exchange (NSE)

NSE market capitalisation inches N236 billion

The All-Share Index rose by 649.57 points to close at 35,266.69 compared to 34,617.12 posted on Thursday.

ARam Market in Tudun Wada Kaduna

Eid-el-Kabir: Ram dealers worry over low patronage

Dealers attribute low patronage to price increase

Central bank of Nigeria (CBN)

Nigeria’s foreign exchange inflow hits $91bn in 2017 – CBN report

The figure was an increase of 45 per cent from $62.75 billion in 2016.


Sell pressure persists on NSE, index drops to 34,000 mark

The market has maintained downward trend for seventh consecutive weeks with losers’ out weighing the gainers’.

A NIPCO filling station used to illustrate the story on authentic data

Average price of petrol, diesel reduce in July – NBS

The NBS disclosed this in three reports published on Tuesday and Wednesday.

Minister of Finance, Kemi Adeosun (Photo Credit:

Adeosun appointed NBET board chairman

The finance minister faces a forgery scandal.

A market used to illustrate the story

Nigeria’s inflation drops to 11.14% in July — NBS

The figure is 0.09 per cent points less than the rate recorded in June.

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

Nigeria borrows N410bn for capital projects in 2018 Budget – DMO

The funding was part of the N793 billion also borrowed from the domestic market this year.

Nigerian govt begins skill acquisition training for 11,300 IDPs

ITF to train 13,000 Nigerians on vocational skills

The training programmes will last for a period of five months.

Vice President, Yemi Osinbajo

Why Nigeria’s economic revival must be private sector driven – Osinbajo

Mr Osinbajo says it is impossible for government alone to meet the needs of economic growth or drive industralisation.

FG, BOI disburse loans to petty traders in Lagos

The initiative saw over 500 petty traders receive between N10,000 and N100,000.

Managing Director, Nigerian Sovereign Investments Authority, NSIA, Uche Orji

Nigeria’s sovereign wealth agency transfers $417.5m to electricity bulk trader

DISCOs had accused the power ministry of diverting the funds.

Minister of Finance, Kemi Adeosun (Photo Credit:

Adeosun implores Nigerians to embrace insurance

The minister made the appeal at a conference in Lagos.

Cement company of Northern Nigeria (CCNN)

CCNN appoints Binji as new MD

The company says Mr Binji’s appointment is part of a restructuring effort aimed at further positioning it.

Naira firms against dollar at parallel market

The Nigerian currency exchanged at N358, stronger than N358.4 traded on Wednesday.

Minister of Science and Technology, Ogbonnaya Onu

Nigeria govt disburses N45 million grant to inventors, innovators

Another N45 million has been appropriated this year, says NBTI boss.


NNPC gives reasons for three different gas prices

“Part of the reason for the gas master plan is to make the domestic gas market viable and reduce entry barriers.”