Nigeria Is In Technical Recession, Says Adeosun

By Nuel Suji - Minister of Finance, Kemi Adeosun on Thursday disclosed that Nigeria is in technical recession. Mrs Adeosun who made this known while...

20 Families Receive Special Surprises In Access Bank’s Family Fortune Promo

(News Investigators) As part of its commitment to reward participants with exciting prizes in its ongoing ‘Family Fortune Promo’, Access Bank Plc has delighted...

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...

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.

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,...

UBA Sponsors 20 Customers On Holiday Trip To Dubai

As part of rewards for loyalty, Africa's global bank, United Bank for Africa (UBA) has sponsored 20 of its customers on a holiday trip...

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.

FX Volatility: CBN Issues 24Hrs Deadline For Banks To Sell Excess Dollar

News Investigators/ The Central Bank of Nigeria (CBN) has issued 24 hours notice to Deposit Money Banks (DMBs) to sell their excess...

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.

MTN Nigeria Slashes Data Prices

(News Investigators)/ MTN Nigeria on Wednesday announced a price slash across all its data plans and offerings,...

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...

Gateway Trade Fair: OGUNCCIMA Lauds Dangote Group’s Collaboration

By Nuel Suji - The Ogun State Chamber of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) has commended the Pan African Conglomerate, Dangote Group (www.Dangote.com)...

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...

‘N30 Trillion Is Stolen Under Your Watch’ –Soludo Replies Okonjo-Iweala

Says, 'I Will Not Keep Quite Any More.' The war of words between former Governor of Central Bank, Prof. Charles Soludo and Finance Minister, Dr....

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...

AfDB Seeks Global Support For Africa’s Young Farmers, Says Next Billionaires ‘ll Emerge From...

By (News Investigators) -The African Development Bank (AfDB) has called for global support for Africa’s young farmers and “agripreneurs”, noting that agribusiness is the...

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...

INVESTIGATION: How Elumelu’s UBA Aided Massive Looting By Military Chief

By Sadiq Umar The United Bank for Africa (UBA), without doubt, is one of Africa’s largest financial services provider. Subsidiaries in 20 African countries, representative...

CBN Reverses Policy On FOREX Deposit, Stops Sales To Bureau De Charge

By Sadiq Umar - The Central Bank of Nigeria, (CBN), has reversed itself on the policy stopping commercial banks from accepting foreign cash deposits...

Half Year: Dangote Cement Records 12.6% Sales Increase Across Africa

By Nuel Suji - Dangote Cement, Africa’s largest cement producer, has announced its unaudited results for the six months ended 30th June 2017, posting...

Jonathan Appoints Ogungbesan As Acting Revenue Service Boss

By Nuel Suji, Abuja. President Goodluck Jonathan has approved the appointment of Mr. Samuel Ogungbesan as the Acting Executive Chairman of the Federal Inland Revenue...

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...

Bank Of Ghana Suspends GTBank, First Bank Over Forex Violations

News Investigators/ The Bank of Ghana has placed a one month suspension on the foreign exchange licences of two Nigerian affiliate banks,...

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...

Court Stops MTN From Moving Funds From Nigerian Banks

By Dipo Awojobi - A Federal High Court in Lagos has stopped the embattled MTN Nigeria Communications Limited from moving any existing funds from...

Dangote In Trouble As Regional Admin In Ethiopia Demands Employment Of Locals

(News Investigators) - Ethiopian regional officials are demanding that foreign cement producers including Dangote Cement Plc hand control of some parts of their businesses...

Stanbic IBTC In Trouble Over Questionable Transactions

By Nuel Suji, Abuja. The Financial Reporting Council of Nigeria (FRCN) has commenced investigation into an alleged illegal transactions undertaken by the Stanbic IBTC Bank...

Senate Rejects $350M Foreign Loan Request For Kaduna, Lawmakers Say It’s “Misplaced, Unimportant”

By Nuel Suji - The Senate on Thursday rejected a $350million foreign loan request for Kaduna State government, with lawmakers describing the request as...

FG To Split NNPC Into 30 Companies, Says Kachikwu

By Dipo Awojobi - The Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Ibe...

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...

Court Adjourns Aderinokun’s Daughter’s Suit Against GTBank Till March 28

By News Investigators - The Federal High Court in Lagos on Friday adjourned further proceedings till March 28, 2017 in a suit filed against...

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...

FY 2016: Fidelity Bank Grosses N152bn, Proposes 14k Dividend

By Nuel Suji - Fidelity Bank Plc grossed N152.0bn in earnings for the financial year ended December 31, 2016 and is proposing to pay...

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...

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...

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.

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...

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...

CBN Suspends Collection Of Processing Fees From Cash Depositors

News Investigators/ The Central Bank Nigeria (CBN), has suspended the charges by commercial banks on withdrawals in excess of approved daily thresholds.The...

FG Reduces Petrol Pump Price To N87

The Federal Government has slashed the pump price for petroleum product from N97 to N87 per litre as a result in fall in crude...

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...

Arik Air Celebrates 10th Anniversary, Plans To Increase Fleet To 52 Aircraft

By Dipo Awojobi - One of Nigeria's leading airlines, Arik Air on Monday celebrated its 10th anniversary with the addition of a new Bombardier...

Fidelity Bank MD, Others In EFCC Net Over $115m Cash From Alison-Madueke

By Dipo Awojobi - The Managing Director of Fidelity Bank Plc, Nnamdi Okonkwo, has been arrested by the Economic and Financial Crimes Commission. Okonkwo, according to...

Nigeria, Two Others Remain Africa’s Most Attractive Deal Destination

... 290 deals recorded in 2015 – the highest volume since 2007 By Idowu John Bakare - Despite political turmoil, a prolong downturn in the...

Traders Record High Patronage In Daura As Buhari’s Daughter Weds

By Dipo Awojobi - Hundreds of traders recorded high patronage in Daura, Katsina State as the ancient town went agog for President Buhari’s daughter wedding on...

CBN Raises Alarm Over Depletion Of Excess Crude Account, Foreign Reserves

The Central Bank of Nigeria, CBN, has warned that the continued depletion of the nation’s foreign reserves and excess crude revenue account, ECA, poses...

Nigeria, 23 Other Countries To Benefit From $16m ASTF Projects

By Funmi Emmanuel, Abuja. Twenty-four countries have been shortlisted to benefit from the Africa Solidarity Trust Fund's four new projects worth $16million. The Food and Agriculture...

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...

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...

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...

Senate Rejects Sale Of National Assets

By Nuel Suji - The Senate on Tuesday voted against the sale of Nigeria’s assets proposed by Federal government. ‎During consideration of recommendations from debate...

Nigeria, China Trade Hits $6.2bn In Second Quarter

The Project Manager, Brightway International Exhibition Ltd, Mr. David Zhao, has said that the trade volume between Nigeria and China has increased to a...

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...

Buhari Releases N413 Billion To Marketers To Avert Fuel Crisis

By Sadiq Umar - The Federal Government on Wednesday approved the immediate payment of N413 billion to oil marketers as outstanding payment for subsidy...

No More Importation Of Petrol Once My Refinery Is Ready -Dangote

By Dipo Awojobi - President of Dangote Group, Aliko Dangote, has assured Nigerians that when his refinery is ready, the country would no longer...

ABCON Seeks Senate’s Intervention Over N35 million Capital Base Policy

The Association of Bureau De Change Operators of Nigeria  (ABCON) Tuesday stormed the National Assembly to seek for intervention of Senate Committee on Finance...

Airport Closure: Lufthansa Quits Abuja Route, German Biggest Carrier Declines Kaduna Option

By Nuel Suji - Deutsche Lufthansa AG became the first airline to announce that it will suspend flights serving the Nigerian capital Abuja while...

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...

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...

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...

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)...

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...

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...

Heirs Holdings Appoints Director Of Marketing And Corporate Communications

Heirs Holdings today announced the appointment of Pelumi Fadairo as Director of Marketing and Corporate Communications.  Fadairo will be responsible for driving the Group’s...

German Multinational Launches Scheme To Assist Nigerian Artisans

By Nuel Suji - Bosch, German multinational and one of the world's leading suppliers of technology and services is set to launch a scheme...

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...

$9 Billion Refinery Project: Dangote Seeks Stakeholders’ Cooperation

The African Examiner Following the successful mobilization of $9 billion investment in refining and petrochemical sub sector of the petroleum industry, President of Dangote Group, Aliko Dangote has declared...

PRESS RELEASE: Facebook Kicks Off Global Effort On Women’s Safety In Kenya

By Nuel Suji Facebook convenes group to focus on women’s safety for Safer Internet Day NAIROBI, Kenya, February 17, 2016/ -- Facebook hosted a Women’s Safety...

Sales Of Refineries Best For Nigeria

Minister of Petroleum Resources,  Mrs. Allison - Madueke, has said that the privatization of the nation's refineries remained the best way to tackle the...

Joseph Makoju Takes Over Dangote Cement As Ag. MD/CEO

By Nuel Suji - Dangote Cement has announced the appointment of Joseph Makoju as its acting Managing Director and Chief Executive Officer, just as...

CBN Announces Twice Weekly Forex Sale To Bureaux De Change

By Sadiq Umar - The Central Bank of Nigeria (CBN) Friday announced a new sale amount to Bureaux De Change, saying it would commence...

Business Mogul, Molade Okoya-Thomas Dies At 79

Lagos business mogul, Mr. Molade Okoya-Thomas is dead. He died on Monday at the age of 79. Vice Chancellor, Lagos State University, LASU, Prof. John...

Buhari’s Waning Popularity ‘ll Put APC Under Pressure In 2017 – Report

By Sadiq Umar - President Muhammadu Buhari’s rising unpopularity will place the All Progressive Congress (APC) under increasing pressure and without a bounce in...

Access Bank Appoints Roosevelt Ogbonna New Group Deputy Managing Director

Access Bank has announced the appointment of Roosevelt Michael Ogbonna as its new Group Deputy Managing Director, according to a statement released by the...

Dangote Cement Records 13.3m Tonnes Sales, Pays N7 Dividend In 2013

Cement manufacturing giant, Dangote Cement Plc has declared its 2013 financials record hitting an upsurge in its Nigerian sales volume to the tune of...

CBN Announces Increased Forex Inflow As February Remittances Hit $1.3Billion

News Investigators/ The Central Bank of Nigeria (CBN), says it recorded a significant increase in foreign exchange inflow into the economy in...

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.

Naira Free Fall: Senate Summons Emefiele Over Economy

By Nuel Suji The Senate has summoned the Central Bank of Nigerian (CBN) Governor, Mr. Godwin Emefiele, to brief it on the state of the...

Nigeria Needs $5Billion To Stabilise Excess Crude Account -Okonjo-Iweala

Not less than $ 5billion is needed by the Nigeria government to sustain stability in its excess crude account which stands at $4.1 billion,...

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...

Africa’s $68bn Infrastructure Finance Gap: Elumelu Calls For Coherent, Coordinated Approach By African Govts

By Nuel Suji - Chairman of Heirs Holdings, Tony Elumelu, has stressed the need for a coherent and coordinated approach to mobilize institutional investors...

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...

Senate Investigates MTN’s Alleged Money Laundering Of $13.9 Billion … Buhari’s Minister,...

By Nuel Suji - The Nigerian Senate on Tuesday started investigation into allegation of money laundering worth $13.9 billion involving Minister of Trade and Investment,...

Nigeria Will Meet 2015 Food Production Target — Akinwumi

The Minister of Agriculture and Rural Development, Dr Akinwumi Adesina, has assured that Nigeria was set to meet its food target by 2015. The minister...

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...

Which Economic And Development Policy’s Should Africa Pursue To Ensure Its Survival Path?

By Dr. Mehenou Amouzou Africa has a very serious economic identity problem. When compared to Asia, the continent has made much less progress. China, India,...

UBA Lifts Power Sector Privatization With US$700 Million Funding

The United Bank for Africa Plc (UBA) has extended US$700 million (N113 billion) in funding to different investors towards the acquisition of power assets...

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...

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...

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...

Fitch Upgrades Access Bank’s National Rating To ‘A+, CEO, Wigwe Hails Performance

By Nuel Suji - Fitch Ratings, a leading global rating agency, has upgraded Access Bank’s National Long-Term Rating to 'A+ from 'A. Even as...

NEXIM’s Support To Nigeria’s Non-oil Sectors Hits N40Billion, 24,139 Jobs Created -Orya

By Funmilayo Emmanuel, Abuja. The Nigerian Export-Import Bank Bank (NEXIM) said it has assisted the non-oil sector of the Nigeria economy to the tune of...

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.

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...

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...

Elumelu, African Leaders Commend AFC On World Class Governance Standards

By News Investigators - Chairman, United Bank for Africa Plc, Tony O. Elumelu, has hailed the African Finance Corporation on its various initiatives and...

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,...

No Provision For Mass Housing In 2014 Budget – FG

... Dangote's N1 billion offer is no longer a donation but loan, says ministry official. By Olusegun Emmanuel, Abuja. Despite increasing housing  problem, the Federal Government...

PRESS RELEASE: Ecobank Announces Leadership Change In Its Ghana Subsidiary

By Sadiq Umar - Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group, has announced a leadership change in its most profitable subsidiary,...

Inflation Down To 16.05 Percent In July, Says NBS

By Sadiq Umar - Nigeria’s headline inflation has again reduced to 16.05 percent (year on year), July 2017, compared to 16.10 percent in June...

Frozen Chicken: Consumer Protection Begins Nationwide Campaign

By Nuel Suji, Abuja - The Consumer Protection Council (CPC) has concluded arrangements for nationwide sensitization campaign and enforcement activities against smuggled poultry products...

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)...

Nigeria Records 104.4bpd Decrease In Crude Production In November

 Nigeria's crude oil production slide from 1,925 million barrels per day (bpd) it recorded in October to 1,821 million bpd in November this year,...

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...

Ezekiel Oseni, BoI Chief Risk Officer Appointed As NERFUND’s Acting M.D

By Sadiq Umar - The Minister of Finance, Kemi Adeosun, has approved the appointment of Dr. Ezekiel Oseni as the Acting Managing Director for...

Akingbola: Court Orders Forfeiture Of Over N238billion To Access Bank

A Grant Court in Cayman Islands has ordered a forfeiture of N238. 4 billion and £1.8 million to Access Bank Plc as enforcement of...

Analyst Thumbs Up Economy, Says Data Show Resilience, Attractiveness To Investors, Highly Profitable

News Investigators/ The Independent Media and Policy Initiative (IMPI), a policy advocacy group, has said that there are verifiable data to show...

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...

Why Naira Keeps Falling – Emefiele

By Dipo Awojobi - The Central Bank Governor Godwin Emefiele has explained why the Naira is on a free fall. He said the country’s currency...

Dangote Taps Into Cement Import Ban In Cameroon To Ramp Up Local Production

The management of the leading Pan African Cement Manufacturer, the Dangote Cement Plc has assured the government of Cameroon that it would help shore...
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Korea-Africa 2024: Group Urges African Leaders To Prioritise Trade, Investment And Industrialisation

News Investigators/ Ahead of the Korea Africa Summit 2024 scheduled for Seoul, Korea, from June 4 to 5, 2024, the Africa Korea...

JUST IN: Again, Dangote Slashes Diesel, Aviation Fuel Prices To N940, N980

News Investigators/ Dangote Petroleum Refinery on Tuesday announced a further reduction in the prices of both diesel and aviation fuel to N940,...

Inuwa Congratulates Gombe’s Prof B.Y. Abubakar For Winning 2024 HLF Excellence Award

News Investigators/ The governor of Gombe State, Muhammadu Inuwa Yahaya, has congratulated an illustrious son of Gombe and member of the State's...