Saudi Aramco To Invest In Nigeria’s Refineries, Pledges Support For CBN Reforms
News Investigators/ The Government of Saudi Arabia has pledged to invest in the revamp of Nigeria’s refineries, as well as provide financial...
BUA Gets 7 Day Ultimatum Over Tax Default
News Investigators/ The Federal Inland Revenue Service (FIRS) has issued a seven-day ultimatum to BUA Industries Limited to reconcile with the government...
FG Approves $3.45Billion WB Loan For Energy, Resource Mobilizations Financing
News Investigators/ The Federal Executive Council (FEC) has approved a $3.45bn World Bank loan application for the financing of five items.
Nigeria’s Finance Minister Bags World Bank Appointment
News Investigators/ Nigeria's Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has been appointed as the Chairman of the...
Indefinite Strike Violates Subsisting Court Order, Attorney General Tells Labour
News Investigators/ The Federal Government has urged labour unions to shelve their proposed strike, warning that any industrial action against subsidy removal...
NLC, TUC Vow To Ground Activities Nationwide, Begin Strike Tuesday
News Investigators/ The Nigeria Labour Congress and the Trade Union Congress have jointly declared an industrial action to ground activities nationwide from...
BUA Moves To Crash Cement Price To N3,500 After Meeting Tinubu
(News investigators) The Chairman of BUA Group, Abdul-Samad Rabiu, says the company is set to reduce the price of cement in Nigeria.
FG To Review All Mining Licenses, Mining Act, NIOMCO
(News investigators) As part of measures to plug revenue leakages and eliminate other sharp practices in the Solid Minerals sector, the Federal...
China, India, Mexico, Others Plan Fresh Investments In Nigeria
(News investigators) Ambassadors from the Chinese, Indian, Mexican and Indonesian governments have said that they will continue to deepen investment in the...
Manufacturers Lay Off Workers, Project More Job Losses
(News investigators) The Manufacturers Association of Nigeria has said that the Current Employment Condition (rate of employment) declined from 51.3 points in...
Why Central Bank Of Nigeria Barred Bank Executives From Overseas Trips
(News investigators) The Central Bank of Nigeria (CBN) recently imposed a travel ban on bank chief executives between July 5 and August...
Apple warns iPhone users about sleeping next to their phone while it charges
(News investigators) Apple has issued a warning about the potential dangers of sleeping next to a charging phone, including the risk of...
Dollar Crashes To ₦790 At Parallel Market After Tinubu, CBN Governor’s Meeting
(News investigators) The dollar has crashed to between N805 to N790 at the parallel exchange market.
It started a...
Diversion Of Diaspora Remittances To Black Market Weakens Naira – CBN
(News investigators) The Central Bank of Nigeria (CBN) has attributed the free fall of the naira against the dollar to the diversion...
We Will Name & Shame Commercial Banks Engaged In Illegal Sales Of Dollars –...
(News investigators) The Acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, announced on Thursday that the Nigerian Naira is...
We’ve Been Choked, Poultry Industry Nears Total Collapse, Farmers Cry Out
(News investigators) The South West Zone of the Poultry Association of Nigeria (PAN) has urged President Bola Tinubu, the Central Bank of Nigeria...
Tinubu Inaugurates Tax Reforms Committee, Names PwC Taiwo Oyedele Chair
News Investigators/ President Bola Tinubu on Tuesday inaugurated the presidential committee on fiscal policy and tax reforms.
The president...
Shell To Sell More Oil Assets In Nigeria
Shell Plc is reportedly set to resume talks to sell some of its Nigerian oil fields. The oil giant is said to...
NNPC, NIPCO Partner To Deliver CNG To Nigerians
…In Compliance with the President's Directive
(News investigators) As part of the Nigerian National Petroleum Company (NNPC) Limited’s commitment...
Exchange Rate Post Biggest Ever Gain, Closing At ₦742/$1 On I&E Window
(News investigators) The exchange rate between the naira and the dollar gained 6.58% to close at N742.93/$1 on Tuesday, July 18th, 2023.
Sit-At-Home: Kalu Laments N4Trillion Business Losses In Igboland
News Investigators/ The Deputy Speaker of the House of Representatives, Benjamin Kalu, has expressed concern over the spate of insecurity in the...
Access Bank Acquires Standard Chartered Concerns In Tanzania, Cameroon, 3Other Countries
News Investigators/ Access Bank Plc, one of Nigeria's largest commercial bank's has brokered a deal for the acquisition of the Standard Chartered’s...
Ogun Agro-Cargo Airport Is A Game Changer -NIPSS Team Leader
News Investigators/ The Agro Cargo Airport in Ilishan Remo, Ogun State has been described as a game changer and a project that...
Dangote, Bill Gates To Meet Tinubu On Monday
(News investigators) The Chairman of Dangote Group, Aliko Dangote, and Microsoft co-founder, Bill Gates, will on Monday meet President Bola Tinubu at...
Tinubu Suspends Emefiele With Immediate Effect
News Investigators/ President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect.
How Policy Reversal Prevented Me From Acquiring Refinery In 2006 — Dangote
(News investigators) Africa’s richest man, Aliko Dangote, has narrated how he couldn’t acquired Brownfield Refineries under the Federal Government’s Privatization Programme in...
Our Refinery Will Supply First Product To Market By July, Says Dangote
(News investigators) Aliko Dangote, the Nigerian billionaire businessman, says the Dangote Refinery will supply its first tranche of petroleum products to the...
I Thank President-elect Bola Tinubu For Creating Lekki Free Trade Zone- Dangote
(News investigators) "I thank President Buhari for the Federal government support. I thank President-Elect Asiwaju Bola Ahmed Tinubu for creating Lekki Free...
Dangote: My Refinery Can Save Nigeria $10bn In FX, Generate Another $10bn In Exp
(News investigators) Africa’s richest man and owner of the Dangote Refinery, Mr. Aliko Dangote, has said with the planned commencement of the...
FEC Approves Use Of Blockchain In Nigeria
(News investigators) The Federal Executive Council today approved @FMoCDENigeria’s National Policy on Blockchain. What this means is that @NigeriaGov has now formally...
Nigeria Has 222.5Million Telephone Subscribers -NBS
News Investigators/ There were 222.6 million telephone subscribers in Nigeria as at end of 2022, the National Bureau of Statistics (NBS) has...
Traders, Transporters Reject New Naira Notes
(News investigators) after tale of confusion, scarcity and even rejection now surrounds the issuance of the new naira notes by the Central...
Infinix Wins Best Mobile Phone Brand In Nigeria.
(News investigators) Nigeria established in 2013 has gone ahead to not only make the lives of its users more pleasurable and convenient...
Ghana’s Inflation Hits 40.4% In October 2022
(News investigators) ’s inflation figure jumped to a 40.4 percent high in October compared to 37.2 percent last month.
Dangote Refinery To Cut Ghana’s Fuel Imports And Reduce Pump Price
(News investigators) Dangote Refinery will cut Ghana’s fuel imports and reduce pump price, says NPA Ghana Chief Executive
-...
Fuel Scarcity: Vessels Refuse To Discharge Products Over Cash Crisis
(News investigators) Indications have emerged that the fuel crisis currently enveloping the country might have been as a result of vessel owners’ refusal...
CBN Announces Sale Of Polaris Bank, Unveils New Owner
(News investigators) Central Bank of Nigeria (CBN) has announced the completion of the sale of Polaris Bank.
Osita Nwanisobi,...
Gender Mainstreaming In Agriculture, Fundamental For Economic Growth – Perm Sec
News Investigators/ The Permanent Secretary, Ministry of Agriculture and Rural Development, Ernest Umakhihe says Gender mainstreaming in agriculture remains fundamental for empowerment,...
DMO Releases Another N720Billion Borrowing Plan In Q4 Bond Issuance Calendar
News Investigators/ The Debt Management Office (DMO) has released another government's borrowing plan amounting to a about N720 billion for the fourth...
17th Abuja Trade Fair Begins, Exhibitors Hopeful To Make Huge Sales
News Investigators/ The 17th edition of the Abuja International Trade Fair (AITF), organised by the Abuja Chamber of Commerce and Industry (ACCI)...
Chinese Yuan Strengthens To 7.0998 Against Dollar
News Investigators/ The central parity rate of the Chinese currency renminbi, or the Yuan strengthened 104 pips to 7.0998 against the dollar...
25 Firms Exported Minerals With No Record Of Royalty Payment -RMAFC
News Investigators/ The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says it is verifying and reconciling revenue collections in the Solid Minerals...
FG, States, LGCs Share N673.137bn For August
News Investigators/ The Federation Account Allocation Committee (FAAC) has shared N673.137 billion to the three tiers of government as federation allocation for...
UBA Boss Urges Govt To Focus On Creative Industry For Export Earnings
News Investigators/ The Deputy Managing Director, United Bank for Africa Plc, Muyiwa Akinyemi, has urged the Federal Government focus on the creative...
UBA: Elumelu Assures Investors, Shareholders Of Sustained Growth
News Investigators/ United Bank for Africa Plc (UBA) on Thursday assured shareholders and investors of its unwavering commitment to sustain its current...
FG Adamant, Says Collection Of VAT By FIRS Remains
News Investigators/ The Federal Government says the Federal Inland Revenue Service (FIRS) will continue to collect Value Added Tax (VAT) following the...
China’s Commerce Minister Pledges Better Service For Foreign Enterprises
News Investigators/ China’s Minister of Commerce, Wang Wentao, has pledged to enhance communication with foreign enterprises and chambers of commerce and provide...
Nigeria Spends $6.1Bn Yearly On Wheat Importation –WFAN
News Investigators/ The Wheat Farmers Association of Nigeria (WFAN) says about $6.1 billion is spent yearly to import wheat into Nigeria.
NSE Moves 250.92m Shares Worth N2.79bn In Negative Trading
News Investigators/ The Nigerian Stock Exchange on Friday moved 250.92 million shares valued at N2.79 billion in 3,746 deals in a negative...
Crude Price Rises Amid Fears Of Slow EU, US Demand Recovery
News Investigators/ Oil prices rose more than one per cent, on Wednesday, as investors sought bargains following the previous day’s slump.
FG To Support MSMEs With $1bn Syndicated Loan —Trade minister
News Investigators/ The Bank of Industry (BoI), under the supervision of the Ministry of Industry, Trade and Investment, has secured a $1...
Africa Remains Attractive Business Destination –Former Guinness MD
News Investigators/ A former Managing Director, Guinness Nigeria Plc, Seni Adetu, says Africa as an emerging market remains an attractive business destination.This,...
WTO: OPEC Hails Okonjo-Iweala Appointment
News Investigators/ The Organisation of Petroleum Exporting Countries (OPEC), has congratulated Ngozi Okonjo-Iweala, on her appointment as the Director-General of the World...
Valentine: Access Bank Unveils Offers To Celebrate Customers
News Incestigators/ Access Bank has unveiled series of offers to celebrate its customers to mark 2021 Valentine season with a campaign tagged...
Total To Change Name To TotalEnergies Under Transformation Strategy
News Investigators/ France’s oil company, Total, said on Tuesday that it intended to change its name to TotalEnergies, as part of the...
Cryptocurrency Ban: Experts Optimistic Of Stock Market Rebound
News Investigators/ Capital Market experts on Monday expressed optimism that the ban on cryptocurrencies by the Central Bank of Nigeria (CBN) would...
Airtel Commences NIN Registration In Retail Outlets Across Nigeria
News Investigators/ Airtel Nigeria, a telecommunications service provider on Thursday says it has commenced the National Identity Number (NIN) registration exercise in...
Toyota Beats Volkswagen In 2020 Global Car Sales
News Investigators/ Toyota Motor sold more vehicles worldwide than Volkswagen in 2020, dethroning the German rival as the world’s largest carmaker for...
NSE Records First Week Loss, Down 0.86%
News Investigators/ The Nigerian Stock Exchange (NSE) on Friday recorded its first loss for the week, dropping by 0.86 per cent due...
UBA Unveils Products To Drive Retail Banking
News Investigators/ The United Bank for Africa (UBA) Plc, on Friday in Lagos, committed to delivering superior and innovative banking solutions to...
AfCFTA: Stakeholders Say Access To Finance, Information Biggest Challenges For African Businesswomen
News Investigators/ Advocates of women entrepreneurs have identified inadequate finance and information as topmost challenges among the leading Non-Tariff Barriers (NTBs) facing...
NCC Set To Review Cost Of International Voice Calls Services
News Investigators/ The Nigerian Communications Commission (NCC) is set to commence a cost-based review to determine new pricing regime for mobile International...
EU Lacks Unity To Mitigate Chinese Investment Risks –Report
News Investigators/ The European Union (EU) lacks strategic and unified approach to Chinese investment among members, to effectively mitigate risks, such as...
2030 Agenda: NSE Boss Urges West Africa To Embrace Green Bond Finance
News Investigators/ The Nigerian Stock Exchange (NSE) on Friday urged West African countries to shift and scale up green bond finance and...
Full Economic Recovery May Require Coronavirus Vaccine, Says U.S. Federal Reserve Chief
News Investigators/ A full U.S. economic recovery might require a coronavirus vaccine and could take more than a year, Federal Reserve chairman...
Debtors Africa, Proshare, Unveil Searchable Database On Delinquent Debtors
News Investigators/ Debtors Africa, in partnership with Proshare, have launched an independent searchable database of recalcitrant and delinquent debtors in Africa.
COVID-19: CreditRegistry Offers Free N25m Credit To Lenders
News Investigators/ CreditRegistry, a credit bureau, says it is offering lenders free usage of its premium credit reporting service to cushion the...
COVID-19: Ramaphosa, Sirleaf Laud AfDB’s Adesina For Visionary Leadership
News Investigators/ South Africa’s President, Cyril Ramaphosa and former Liberian President, Ellen Sirleaf have commended Akinwumi Adesina, President of the African Development...
Macroeconomic Dev Fear Grips Nigerian Businesses -Survey
News Investigators/ Palpable concern about risks in macroeconomic developments rises from #9 to #1 in Nigeria as the economy showed no sign...
Oil Price Falls Amid US, China Tensions
(News Investigators)/ Oil prices fell for a second day on Thursday after official data showed U.S. crude and gasoline stocks rose and...
Ghana’s Springfield Oil Discovery Is Historic For Local Content In Africa
(News Investigators)/ The soon-to-be-announced deep water
oil discovery offshore Ghana by independent Springfield Group is historic for
Ghana and Africa’s local content. Not only...
50m Commuters Used BRT In 10 Months, Says MD
(News Investigators)/ The operators of Bus Rapid Transit (BRT) in Lagos, Primero Transport Services Limited, says about 50 million commuters used the...
FG Restates Commitment To Strengthen Trade Relations With Poland
The Minister of Industry, Trade and Investment, Mr Adeniyi Adebayo has reiterated Federal Government’s committment to strengthen relationship between Nigeria and Poland...
Nigeria’s Livestock Industry Worth Over N30 Trillion, Says Minister
Livestocks
(News Investigators)/ Nigeria’s Minister of Agriculture, Muhammad Sabo-Nanono, on Thursday, says Nigerians breed over N30 trillion worth...
New Orders Fuel Kenya’s Private Sector Activity In Sept–PMI
Kenya’s private sector activity grew for the fifth straight month in September, boosted by an increase in new orders for businesses, a...
AfDB Commends Nigeria’s Resilience, Entrepreneurial Skills
The African Development Bank (AfDB) has commended Nigerians for their resilience and entrepreneurial skills in the 59 years of the country’s existence.
NNPC Targets China To Boost Crude Oil Reserves
(NEWS INVESTIGATORS) The Nigerian National Petroleum Corporation (NNPC) says strategic partnership and new investments in the Upstream Petroleum Sector are essential to...
Access Bank Introduces Loan For Smartphone Purchase
(NEWS INVESTIGATORS) Access Bank has introduced a financing scheme for procurement of phones for more Nigerians to get connected to more businesses...
Resuscitate Warri Port now To Boost Economy – Okowa Tasks FG
(NEWS INVESTIGATOR) Gov. Ifeanyi Okowa of Delta, on Wednesday in Asaba, stressed the need for the Federal Government to resuscitate Warri Port.
Insufficient Power Supply, High Interest Rate, Others Constrained Business Activities In July -CBN
Governor of Central Bank
The Central
Bank of Nigeria (CBN) says some firms in the country have identified
insufficient power...
Russia Offers Gas Transit Agreement Extension to Ukraine
Russian energy minister Aleksander Novak has said that Russia has offered Ukraine the opportunity to extend an existing gas transit agreement to the end of 2021.
DMO Says N145bn July Bond receives 207.6% subscription
The Debt Management Office (DMO) says the N145 billion offered for three instruments in the July bond auction received a total value of N301.02 billion, indicating a subscription level of 207.6 per cent.
CBN Partners Churches, Mosques On Financial Literacy
Central Bank of Nigeria
(News Investigators)/ Central Bank of Nigeria (CBN) on Friday said it is in partnership...
Kenyan, Chinese Banks Launch Initiative To Boost Sino-Africa Trade
Kenya’s Stanbic
Bank and the Industrial and Commercial Bank of China (ICBC) launched an
initiative in Kenya on Wednesday to boost China-Africa trade.
CBN Injects $210m In Forex Market
The interbank segment of the Nigerian foreign exchange market received a fresh boost of 210 million dollars from the Central Bank of Nigeria (CBN) on Tuesday.
NSE Market Indices Drop Further By 0.51% On Sell Pressure
(News
Investigators)/ The crucial market indicators of the Nigerian Stock Exchange
(NSE) sustained downward mood, dropping further by 0.51...
MTN Nigeria Slashes Data Prices
(News Investigators)/ MTN Nigeria on Wednesday announced a price slash across all its data plans and offerings,...
We Will Reposition NNPC To Global Company Of Excellence -GMD
Mele Kyari
(News Investigators)/ The newly appointed Group Managing Director of Nigerian National Petroleum Corporation (NNPC)...
Economic Growth: Nigeria’s New Trade Policy Guarantees Incentives, Lift Restrictions For Farmers
President Muhammadu Buhari
By Sadiq Umar - The Federal Government says it is reviewing the country’s Trade Policy...
Pulling Down Non-Tariff Barriers Alone ‘ll Spur 53% Trade, Adesina Tells African Leaders
Akinwunmi Adesina
(News Investigators) /President of African Development Bank (AfDB), Akinwunmi Adesina has urged African governments to work...
Bank CEOs Vow To “Shame” Chronic Debtors, Mute Publishing Names
Godwin Emefiele
(News Investigators)/Chief Executive Officers of Commercial Banks across the country have resolved to share details of...
Buhari Signs N8.916 Trillion Budget Into Law
President Muhammadu Buhari
(News Investigators)/President Muhammadu Buhari on Monday signed into law the sum of N8.916 trillion being...
Nigeria, Others Spend $5.2 Trillion On Fuel Subsidy In 4-Yrs -IMF Boss
Christine Lagarde
By Sadiq Umar -
The Managing Director of the International Monetary Fund (IMF), Christine
Lagarde, has faulted government...
Udoma Udo Udoma Predicts Steady Economic Growth In 2019
Minister of Budget Planning
(News
Investigators) /The Minister of Budget and National Planning, Udoma Udo Udoma,
is optimistic that the...
ADB Approves $14.12 Million To Support Nigeria’s Membership In ATI
Okechukwu Enelamah
The African Development Bank Group, through its Trade Finance operations, has approved a US$14.12 million facility...
FIRS Nets N5.32Trillion Revenue Collection In 2018
FIRS
The Federal
Inland Revenue Service (FIRS) says it collected a total sum of N5.32 trillion
in 2018, the highest...
FG, States, LGAs Share N698.7 Billion Sept Allocation
(News Investigators) /The Federal Government and its federating states and local governments on Thursday shared N698.7 billion as statutory allocation from the federation account...
Buhari Proposes N8.73 Trillion Budget For 2019
The Federal Government has proposed a total of N8.73tr for 2019 budget, just as it planned to submit the Medium Term Expenditure Framework (MTEF)...
FEC Approves $2.9 Billion Eurobond, Appoints CitiBank, Standard Chartered, Others For Transactions
The Federal Executive Council (FEC) on Wednesday approved $2.9billion Eurobond as part of the external borrowing plan to finance capital projects across the country.
The...
Senate, Reps Resume Plenary, Adjourn Over Funke Adedoyin Death
(News Investigators) The National Assembly Tuesday resumed plenary after its 10weeks vacation, even as it adjourned sitting in memory one of its own, Funke...
World Bank Cuts Sub-Saharan Africa Growth To 2.7% In 2018
By Mazino Dickson - The World Bank has cut its forecast for growth of sub-Saharan Africa in 2018 to 2.7 per cent.
This is down...
Debt: 60 Percent Of Nigeria’s Earning May Soon Go For Debt Servicing -Report
(News Investigators) /The 2014 oil price crash decimated Nigeria’s revenue stream. In 2012, revenues totaled ₦10.1 trillion, with ₦8.1 trillion coming from oil; by...
FOCAC: Nigeria, China To Sign $328 Million Agreement On ICT Dev., In Addition To...
By Nuel Suji - President Muhammadu Buhari on Saturday arrived Beijing, China’s capital where he is expected to join his Chinese counterpart, Xi Jingping,...
FOREX: CBN Injects USD, Chinese Yuan Into Interbank Market
By Nuel Suji - The Central Bank of Nigeria (CBN) has injected the sum $340, 507, 376.51 into the interbank retail secondary market intervention...
Buhari Signs N9.12 Trillion Money Bill, Laments NASS’ Cut In Budget 2018
By Sadiq Umar - President Muhammadu Buhari on Wednesday lamented the reduction of capital allocations in the 2018 budget by the National Assembly, even...
Report Any Bank That Denies You Forex, CBN Tells Customers
By Sadiq Umar - The Central Bank of Nigeria (CBN) has called on the public to report any bank that refuses to grant their...
Budget 2018: NASS Passes N9.12 Trillion Appropriation, Saraki Hails Increase In Health Allocations
By Nuel Suji - The National Assembly on Wednesday passed the 2018 budget after seven months with an increase of N500 billion.
President Muhammadu Buhari...
Nigeria, China Sign Currency Exchange Deal To Ease Business Transaction
By Nuel Suji - The Central Bank of Nigeria (CBN) and the Peoples Bank of China (PBoC), have signed a bilateral currency exchange deal...
FG, International Consortium Sign Interim Phase Agreement For Rail Concession
By News Investigators - The Nigerian government on Friday signed an agreement with a foreign Consortium to proceed with the Interim Phase of the...
“No Fire Incident At CBN Head Office” -Okorafor
By Nuel Suji - The Central Bank of Nigeria (CBN) has dismissed as untrue, reports that its head office in Abuja was engulfed in...
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SDP’s Ajaka Case: Court Awards N500 Million Against Yahaya Bello
News Investigators/ A Federal High Court sitting in Abuja has ordered Kogi State Governor Yahaya Bello to pay the sum of N500...
Adieu Frank Kokori, A Relentless Advocate For Justice And Democracy
By Dr. Kayode Ajulo (SAN)
I write to pay my final respects to a remarkable individual, Chief Comrade Frank...
Tudun Biri Bombing: Shiites Demands Investigation, Prosecution
News Investigators/ The Islamic Movement in Nigeria (IMN), also known as the Shiites, on Tuesday, condemned drone attacks in which 85 civillians...