By News Investigators On Thursday, February 25th, 2016
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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 commodities cycle and related currency risk, Nigeria, South More...

By News Investigators On Wednesday, February 17th, 2016
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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 roundtable in Kenya on February 10 with participants More...

By News Investigators On Wednesday, February 17th, 2016
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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, Ecobank Ghana Limited. A statement issued More...

By News Investigators On Friday, January 22nd, 2016
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WEF: Elumelu Sets To Deliver Talk On “Africapitalism” In Davos

By Nuel Suji – Nigerian businessman and Chairman of Heirs Holdings, Tony Elumelu, is scheduled for a discourse on how to scale clean-energy investment to meet developing-country needs on a panel at the World More...

By News Investigators On Monday, January 18th, 2016
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Jimoh Ibrahim Sacks MD On Live TV Program Over Workers’ Protest

By Dipo Awojobi – The Group Managing Director of Energy Group, Jimoh Ibrahim, sprang a surprise on Monday, when he sacked Bolu Afolayan, the Managing Director of one of his companies, Newswatch Media Ltd. More...

By News Investigators On Wednesday, January 13th, 2016
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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 need to import petroleum products. Speaking at the site of his More...

By News Investigators On Tuesday, January 12th, 2016
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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 Nigerian banks abroad. The order was granted following Government More...

By News Investigators On Monday, January 11th, 2016
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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 from customers, even as the apex bank announced an embargo More...

By News Investigators On Sunday, January 10th, 2016
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CBN Assures Dangote On Availability Of FOREX For Refinery Project

By Nuel Suji – The Central Bank of Nigeria (CBN) has assured the Dangote Group of access to foreign exchange to facilitate its $14 billion dollar refinery project in Lagos, Nigeria. President, Dangote Group CBN More...

By News Investigators On Monday, December 28th, 2015
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Our Company Is Not Into Rice Smuggling –Maifata

By Nuel Suji, Abuja – Chairman of the Umza International Farms, Mohammed Abubakar Maifata, has denied the involvement of his company in smuggling of rice, even as he dismissed media report‎ on massive fraud More...

By News Investigators On Wednesday, December 2nd, 2015
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Consumer Protection Council Top List Of Outstanding Govt Agency, With 13 Others

By Nuel Suji, Abuja – The Consumer Protection Council (CPC) and 13 other Federal Government institutions have emerged as the most outstanding institutions in Nigeria for the 2014/2015 fiscal year. The institutions More...

By News Investigators On Thursday, November 26th, 2015
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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 to Dubai. “These were the customers who received their Western More...

By News Investigators On Tuesday, November 17th, 2015
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Transcorp Hilton PRman, Shola Adeyemo Bags NIPR Award

The Public Relations Manager of Transcorp Hilton Abuja, Mr. Shola Adeyemo has been honoured with an Outstanding Performance Award by the Nigerian Institute of Public Relations, Capital Chapter. The award came in More...

By News Investigators On Tuesday, November 17th, 2015
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N1.04 Trillion Fine: MTN Gets New Payment Deadline

By Sadiq Umar, Abuja – The Nigerian Communications Commission (NCC) has extended to Friday the deadline given to MTN to pay a N1.04 Trillion fine slammed on the company following its failure to deactivate More...

By News Investigators On Thursday, November 5th, 2015
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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 claims. The decision is taken to avert crisis in the More...

By News Investigators On Wednesday, October 21st, 2015
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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 in Nigeria. The Council’s More...

By News Investigators On Tuesday, October 6th, 2015
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Bill On Nigerian Railway Passes Second Reading In Senate

By Nuel Suji, Abuja – A bill seeking to provide for the regulation of railway sector in Nigeria has been passed for second reading in the Senate. The Bill sponsored by senator Andy Uba ( PDP Anambra South), More...

By News Investigators On Monday, September 14th, 2015
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First Bank Offers Attractive Package For Schools

As the long holidays wind up, First Bank of Nigeria Limited, Nigeria’s most valuable bank brand is set to support schools and educational Institutions with their educational requirements to enhance preparations More...

By News Investigators On Tuesday, September 8th, 2015
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Pay TV in Nigeria: Chinese StarTimes battles for supremacy with main rival Dstv

Nigeria has set 2017 as its new digital switch over date, but then, can NTA-StarTimes leverage on the extension for a bigger slice of pay-tv market share?, asks Idowu John Bakare StarTimes, the Chinese pay TV provider, More...

By News Investigators On Wednesday, September 2nd, 2015
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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 Plc with its foreign technical partners More...

By News Investigators On Friday, August 21st, 2015
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Naira Gains Momentum, Appreciates N208 To $1

The Nigerian currency, the Naira, on Friday, appreciated to N208 to the Dollar in the parallel market, compared with N212 it traded for on Thursday. The British Pound Sterling and the Euro also traded at N330 and More...

By News Investigators On Monday, August 10th, 2015
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UBA Wins Biggest Agric Lender Award

Chairman, Heirs Holding Pan-African Financial Services group, United Bank for Africa (UBA) Plc was on Saturday, August 8, 2015 honoured with an award as Nigeria’s biggest lender to agriculture. The award was conferred More...

By News Investigators On Monday, August 10th, 2015
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Presidency Orders MDA’s To Remit Revenue Into Treasury Single Account

By Sadiq Umar, Abuja. President Muhammadu Buhari has directed each Department, Ministry and Agency of government to henceforth make payment into a Treasury Single Account (TSA) for all government revenues, incomes More...

By News Investigators On Saturday, August 8th, 2015
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Naira Free Fall: Senate Summons Emefiele Over Economy

Governor, Central Bank of Nigeria 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 economy. The upper chamber said that it More...

By News Investigator On Wednesday, July 22nd, 2015
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Crackdown On Looters: EFCC, ICPC Turn Searchlight On GTB, Others

Governor, Central Bank of Nigeria President Muhammadu Buhari’s avowed determination to crackdown on corrupt officials is expected to provoke chain of reactions including a searchlight on banks that acted as More...

By News Investigator On Wednesday, July 8th, 2015
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Foreign Reserve Increases By $2.8 Billion In One Month -CBN Governor

‎ By Nuel Suji, Abuja. Governor of Central Bank of Ni‎geria, Mr. Godwin Emefiele on Wednesday declared that the President Muhammudu Buhari has upped Nigeria’s foreign reserve from $29 billion to $31.89 More...

By News Investigator On Thursday, June 18th, 2015
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Saraki Assures On Investment Friendly Legislations

Senate President By Nuel Suji, Abuja. The President of the Senate, Senator Abubakar Bukola Saraki on Thursday, reiterated his commitment to enacting legislation to sustain an investment-friendly atmosphere that More...

By News Investigator On Thursday, June 18th, 2015
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Fire Guts Zenith Bank Office

The Ajose Adeogun branch of Zenith Bank in Victoria Island Lagos was on Thursday gutted by fire. The fire was said to have started at the branch located at plot 87. The fire had affected one of the administrative More...

By News Investigator On Monday, May 25th, 2015
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FG, States Share N6.21 Trillion ECA In 4years, Akwa Ibom Gets Highest

Nigeria’s Minister of Finance By Sadiq Umar, Abuja. The Minister of Finance and Coordinating minister of the economy, Dr. Ngozi Okonjo-Iweala, Sunday released details how a total of N6.21 trillion Excess Crude More...

By News Investigator On Monday, May 18th, 2015
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Jonathan Fires Saratu, NIPC Boss

Fired at the last minute By Umar Sadiq, Abuja. President Goodluck Jonathan on Monday sacked the Executive Secretary of the Nigerian Investment Promotion Commission (NIPC), Mrs Saratu Altine Umar, replacing her with More...

By News Investigator On Tuesday, April 28th, 2015
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Fuel Price May Increase, As Senate Removes Subsidy From Budget 2015

In-coming president By Nuel Suji, Abuja. Indication emerged Tuesday that fuel pump price may likely hit N130 by June with the withdrawal fuel subsidy from the 2015 budget passed by the senate. The senate passed More...

By News Investigator On Tuesday, April 21st, 2015
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PRESS RELEASE: Financial Expert Eugene Ludwig Discusses Regulatory Regimes and International Banking At Capital Club

Promontory CEO explains what tough regulatory expectations mean for the region and the world Dubai, United Arab Emirates – April 21, 2015 – (ME NewsWire ) Regulatory regimes are becoming tougher around the More...

By News Investigator On Monday, April 13th, 2015
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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 up local production of the vital product following the ban on More...

By News Investigator On Thursday, March 26th, 2015
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Yemen Unrest: Brent Crude Price Climbs To $59 Dollars Per Barrel

Nigeria’s Minister of Petroleum By Nuel Suji, Abuja. Barely 24 hours into Saudi Arabia’s military offensive in Yemen, the price of Brent crude oil rose more than four per cent towards 59 dollars a barrel More...

By News Investigator On Wednesday, March 18th, 2015
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Jonathan Appoints Ogungbesan As Acting Revenue Service Boss

Now acting Chairman FIRS 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 Service. A statement More...

By News Investigator On Tuesday, March 3rd, 2015
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Fuel Scarcity Caused By Disruption Of Pipelines, Logistical Issues, Not Debt To Marketers -Okonjo-Iweala

Nigeria’s Minister of Finance By Nuel Suji, Abuja. The Minister of Finance, Ngozi Okonjo-Iweala, has denied that the fuel scarcity witnessed in some parts of the country was caused by non-payment of oil marketers, More...

By News Investigator On Tuesday, February 24th, 2015
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Senators Berate Okonjo-Iweala Over Poor Budget Funding, Blame Her For Economy Woes

By Nuel Suji, Abuja. Minister of Finance and Supervising Minister of the Economy Senators on Tuesday faulted the Minister of Finance and Coordinating Minister of the Economy, Dr Ngozi Okonjo – Iweala over poor More...

By News Investigator On Tuesday, February 3rd, 2015
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FG Moves To Boost Power Supply, Releases N18.26 Billion Loan To Five Power Firms

By Sadiq Umar, Abuja. The Central Bank of Nigeria (CBN) has released the sum of N18.26bn to five energy firms as part of the N213bn Nigerian Electricity Market Stabilisation Facility. The released was carried out More...

By News Investigator On Monday, February 2nd, 2015
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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 Obafunwa confirmed this on Monday in Lagos, describing Okoya-Thomas More...

By News Investigator On Monday, February 2nd, 2015
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Buhari Parleys Business Communities, Pledges Industrialization, Improved Power

By Nuel Suji, Abuja. The Presidential Candidate of the All Progressive Congress (APC), General Muhammadu Buhari has promised that his government would create enabling environment for industrialization, revive industries, More...

By News Investigator On Sunday, February 1st, 2015
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‘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. Ngozi Okonjo-Iweala, has assumed a new twist with the More...

By News Investigator On Thursday, January 29th, 2015
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Heritage Bank Sets To Take Over Enterprise Bank

In line with the Central Bank of Nigeria (CBN) divestment regulations as unveiled some years ago, there are strong indications that the Heritage Bank will soon formally unveil a grand plan to synthesize its operation More...

By News Investigator On Tuesday, January 20th, 2015
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Chinese Firm, Huawei Cancels Contract Over Jonathan’s Posters

Chinese Telecoms services giant, Huawei has cancelled its street lamp pole outdoor contract, with Lagos based outdoor advertising  agency Touchpoint Limited over illegal deployment of  Goodluck Jonathan campaign More...

By News Investigator On Monday, January 19th, 2015
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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 oil price. Petroleum Minister, Allison Madueke, announced N10 reduction in the price More...

By News Investigator On Monday, December 1st, 2014
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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 judgement debts. The Court directed former Managing Director of the defunct Intercontinental More...

By News Investigator On Thursday, November 27th, 2014
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Alison-Madueke Emerges OPEC First Female President

The Minister of Petroleum Resources, Mrs Diezani Alison-Madueke has been elected the first female president of the Organisation of Petroleum Exporting Countries (OPEC). Alison-Madueke was elected at the 166th Ordinary More...

By News Investigator On Monday, October 27th, 2014
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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, Minister of Finance and Coordinating Minister of Economy, Dr (Mrs) Ngozi More...

By News Investigator On Monday, July 28th, 2014
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TCN Plans To Spend $8Billion To Boost Power Supply

By Olusegun Emmanuel, Abuja. The Transmission Company of Nigeria (TCN) said it planned to inject $8 billion to upgrade its operations to achieve 20,000 megawatts electricity supply in the country. Executive Director, More...

By News Investigator On Thursday, July 10th, 2014
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Corporate Governance Vital To Investment Promotion -NIPC

By Funmi Emmanuel, Abuja. The Executive Secretary of the Nigerian Investment Promotion Commission, NIPC, Mrs. Saratu Umar has reiterated her commitment to make the Commission world class investment promotion agency More...

By News Investigator On Thursday, July 10th, 2014
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W/Bank, FG, States Partner On Public Finance Management

By Funmi Emmanuel, Abuja. World Bank says it will partner the federal and state governments to improve Public Finance Management and ensure effective delivery of government’s policies and projects. The disclosure More...

By News Investigator On Thursday, July 10th, 2014
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Trade Agreement Will Reduce Costs Of Business In Nigeria -FG

By Funmi Emmanuel, Abuja. The federal government said Thursday in Abuja that implementation of the new trade facilitation agreement would drastically reduce costs of trading as well as improve Nigeria’s ease More...

By News Investigator On Monday, July 7th, 2014
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FG Plans Operation Light Up Rural Nigeria For States

By Funmi Emmanuel, Abuja. Following the recent initiative by the federal government to ensure that every community in Nigeria enjoys power supply, Minister of Power, Prof. Chinedu Nebo has stated that no effort More...

By News Investigator On Monday, July 7th, 2014
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Energy Mix: FG To Partner International Atomic Energy

By Funmi Emmanuel, Abuja. The Minister of Power, Chinedu Nebo has assured that in no distant time, Nigeria in its quest for a robust energy mix will look into the direction of nuclear energy. He stated this when More...

By News Investigator On Monday, July 7th, 2014
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US Overtakes Saudi Arabia, Russia As Largest Oil Producer

Funmi Emmanuel with agency reports The United States of America has become the largest producer of oil and gas in the world overtaking Saudi Arabia and Russia in last six months according to a research from Bank More...

By News Investigator On Wednesday, July 2nd, 2014
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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 N40.217 billion within the last six years.The bank said on More...

By News Investigator On Tuesday, July 1st, 2014
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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 over decision of Central Bank of Nigeria to raise More...

By News Investigator On Monday, June 30th, 2014
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UNIDO Boosts Sustainable Industrial Development

By Funmi Emmanuel, Abuja. The United Nations Industrial Development Organisation, UNIDO said it organised its first forum on strategies and instruments for achieving inclusive and sustainable industrial development. A More...

By News Investigator On Monday, June 30th, 2014
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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 Organisation, FAO-managed More...

By News Investigator On Monday, June 30th, 2014
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FG Earns N669bn From Privatization In 14 Years

By Funmi Emmanuel, Abuja.   Director-General, Bureau of Public Enterprise, BPE, Mr. Benjamin Dikki, at the weekend said that Federal Government realised N669 billion from privatisation of its enterprises from More...

By News Investigator On Friday, June 27th, 2014
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FG To Create1.8m Jobs Annually

Funmi Emmanuel, Abuja The Minister of Trade and Investment, Mr Olusegun Aganga, said in Lagos on Thursday that the Federal Government would generate at least 1.8 million jobs annually to tackle unemployment. Aganga More...

By News Investigator On Thursday, June 26th, 2014
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GE Pledges To Build Skills, Capacity In Nigeria’s Oil & Gas Industry

By Funmi Emmanuel, Abuja. Customers of GE Oil and Gas, partners and other stakeholders in the Nigerian Oil & Gas industry today met at GE Garages for an interactive session on the role of Technology in the More...

By News Investigator On Wednesday, June 25th, 2014
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Cement Grade Dispute: Court Says SON, Ministry Of Industry Have Case To Answer

By Funmi Emmanuel, Abuja. A Federal High Court in Abuja has said that the Standard Organisation of Nigeria (SON) and the Ministry of Industry, Trade and Investment (MITI) should explain the rationale behind the More...

By News Investigator On Friday, June 20th, 2014
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India Replaces USA As Largest Importer Of Nigeria’s Crude

  By Funmi Emmanuel, Abuja.   India has replaced the United States of America, USA as the largest importer of Nigeria’s crude with China and Malaysia following closely. The US which had traditionally taken More...

By News Investigator On Friday, June 20th, 2014
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Nigeria Partners Iran On Investment Opportunities

By Funmi Emmanuel, Abuja. The Nigerian Investment Promotion Commission, NIPC and Iran’s Ministry of Industry, Mines and Trade have promised to work together to attract more investments into the Nigerian More...

By News Investigator On Friday, June 20th, 2014
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Nigeria To Benefit From €700m-Euro Dutch Growth Fund

  By Funmi Emmanuel, Abuja. The Netherlands Minister of Foreign, Trade and Development Co-operation, Ms. Lilianne Ploumen, has said that Nigeria has been selected among the countries that will benefit from the More...

By News Investigator On Friday, June 20th, 2014
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SMEDAN, ITF Reiterate Commitment To Entrepreneurship Devt.

By Funmi Emmanuel, Abuja. Small and Medium Enterprises Development Agency of Nigeria, SMEDAN and the Industrial Training Fund, ITF have resolved to drive the National Enterprises Development Programme, NEDEP which More...

By News Investigator On Monday, May 5th, 2014
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Nigeria External Debt Stands At $9.16billion -DMO …Local Debt Hits N8.7trillion

By Olusegun Emmanuel, Abuja. Director General of Debt Management Office, Bright Okogwu said on Monday that the external debt of Nigeria is now $9.16 billion even as he stated that the local debt is at the N8.7 trillion. Okogwu More...

By News Investigator On Tuesday, April 29th, 2014
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Dangote Donates N40million Relief Material To Benue Govt, Dangote Sugar Grows Profit By 26.2percent In 2013

The Dangote Group has donated 12-trailer load of relief material worth N40 million to the Benue State Government even as  the Nigerian Stock Exchange (NSE) on Tuesday published Dangote Sugar Refinery’s (DSR) More...

By News Investigator On Friday, April 18th, 2014
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Nigeria Has Made Adequate Security For World Economic Forum -Yuguda

The Federal Government has reassured the international community of the safety of all participants during the World Economic Forum Africa meeting scheduled to hold in Abuja next month. The Supervising Minister More...

By News Investigator On Wednesday, April 9th, 2014
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Senate Amends Nigerian Companies Law

By Olusegun Emmanuel, Abuja. The senate on Wednesday passed a bill seeking to amend the Companies and Allied  Matters Act Cap. C20 laws of the Federation, 2004. The bill among other provisions, requires the Corporate More...

By News Investigator On Wednesday, April 9th, 2014
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Senate Passes N4.6Trillion Budget For 2014, Urges Jonathan On Full Implementation

By Olusegun Emmanuel, Abuja. The Senate today passed the 2014 Appropriation Bill of N4.695, 190 trillion into law even as the House of Representatives Committee on Appropriation submitted its report on the bill More...

By News Investigator On Thursday, March 27th, 2014
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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 13.3million tonnes leading to a 40.6 per cent increase in profit More...

By News Investigator On Wednesday, March 26th, 2014
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Intercontinental Bank: Akingbola Plans A Come Back, Lobbies Presidency

  … Witnesses Catalogue How He Stole Billions of Naira After what seems like a relief from his chains of legal battles home and abroad over allegations of fraudulent practices in his capacity as the Managing More...

By News Investigator On Tuesday, March 11th, 2014
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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 said on Tuesday that there More...

By News Investigator On Tuesday, March 11th, 2014
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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 problems in the petroleum sector, explaining More...

By News Investigator On Wednesday, March 5th, 2014
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CBN Set To Liquidate 83 Micro Finance Banks – NDIC Boss

  ‎ By Olusegun Emmanuel, Abuja. Managing Director of the Nigeria Deposit Insurance Corporation, Alhaji Umaru Ibrahim, yesterday disclosed that the Central Bank of Nigeria CBN has approved the liquidation More...

By News Investigator On Wednesday, February 26th, 2014
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Minister Under Fire Over Rural Telephoney Project

By Olusegun Emmanuel, Abuja The Minister of Communication, Mrs Omobola Johnson came under fire yesterday in the senate over the long delay in the take off  of the national rural telephoney project despite huge More...

By News Investigator On Thursday, February 20th, 2014
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Sanusi Suspended, Dr Sarah Alade Is Acting CBN Gov

…Names of Successors Sent To Senate The Governor of Central Bank (CBN), Mr. Sanusi Lamido has been suspended from office. Presidency quoted reports of the financial reporting council of Nigeria and  investigation More...

By News Investigator On Monday, February 17th, 2014
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Oil Marketers Deny Bribing NNPC Officials

The National President of Independent Petroluem Marketers Association of Nigeria (IPMAN),Alhaji Aminu  Abdul kadir has described  allegations that its members bribed officials of the Oil ministry as false and politically More...

By News Investigator On Thursday, February 6th, 2014
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2014 budget: APC Reps Are Blocking Economic Oxygen -Maku

Urges Nigerians To Hold Them Accountable For Their Action By Olusegun Emmanuel, Abuja. The Minister of Information, Mr. Labaran Maku, has said that the move by the All Progressive Congress APC members to stall the More...

By News Investigator On Monday, February 3rd, 2014
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House Demands Clarifications On 50 Probing Questions, Summons Okonjo Iweala Again

By Olusegun Emmanuel, Abuja. The House of Representatives has summoned the Minister of Finance, Dr. Ngozi Okonjo-Iweala for further questioning on her responses to the 50 probing questions bothering on sundry economics More...

By News Investigator On Wednesday, January 29th, 2014
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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 in Nigeria’s recently privatized power sector. The Group More...

By News Investigator On Thursday, January 23rd, 2014
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Davos: Jonathan Calls For Inclusive Economic Growth, Intra-Africa Trade

President Goodluck Jonathan yesterday urged African governments to accord the greater priority to promotion of inclusive economic growth on the continent through wealth creation as a measure to tackling poverty More...

By News Investigator On Wednesday, January 22nd, 2014
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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 serious danger to the economy and could warrant currency More...

By News Investigator On Thursday, January 16th, 2014
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Amaechi’s Governors Forum Urges NASS To Probe Jonathan

The Governor Chubuike Amaechi led faction of the Nigeria  Governors Forum has called for the immediate probe of the allegedly $48 billion dollar unremitted revenue by the Nigerian National Petroleum Corporation More...

By News Investigator On Monday, December 16th, 2013
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Inflation Rate Up By 0.1% In November -Statistic Bureau


The National Bureau of Statistics NBS, has said that the nation’s inflation rate stood at 7.9 per cent in November, 0.1 per cent higher than the 7.8 per cent recorded in October. This is the first up-tick More...

By News Investigator On Thursday, December 12th, 2013
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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, representing a decrease of 104.4 bpd in the country’s More...

By News Investigator On Wednesday, December 4th, 2013
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Chinese RMB Overtakes Euro As Second Most Used Currency

The Chinese national currency -Yuan, has overtaken the Euro in October, becoming the second-most used currency in trade finance, global transaction services organization- SWIFT, said yesterday. The market share More...

By News Investigator On Wednesday, December 4th, 2013
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LCCI Seeks Review Of Automotive Policy, says it is ill-timed

The Lagos Chamber of Commerce and Industry (LCCI) has called on the federal government to review the automotive policy which increases import tariff and levies on motor vehicles. The chamber urged government More...

By News Investigator On Friday, November 22nd, 2013
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Shale Gas: Reps Summon MDAs Over Dwindling Oil Reserve

The House of Representatives Thursday directed its committees on Petroleum Resources (Upstream and Downstream), National Planning and Finance to investigate the dwindling oil revenues as a result of the surge More...

By News Investigator On Wednesday, November 20th, 2013
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Excess Crude Savings Drops To 5billion usd -Sanusi

 Governor of the Central Bank, Mallam Sanusi Lamido Sanusi expressed worry over the decline in the nation’s oil revenue, saying  the excess crude savings have fallen from about $11.5 billion at year-end More...

By News Investigator On Monday, November 11th, 2013
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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 total of 6.2 billion dollars in the first half of 2013. The More...

By News Investigator On Thursday, October 31st, 2013
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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 observed that ” for the first time in decades, there was More...

By News Investigator On Monday, October 21st, 2013
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World Bank Report Says 400 Million Children Living in Extreme Poverty

By Idowu Bakare- The number of people living in extreme poverty around the world has sharply declined over the past three decades, but it still includes roughly 400 million children, or one -third of those living More...

By News Investigator On Monday, October 21st, 2013
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$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 More...