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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
UBA Wins Biggest Agric Lender Award
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...
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...
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...
Crackdown On Looters: EFCC, ICPC Turn Searchlight On GTB, Others
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...
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...
Saraki Assures On Investment Friendly Legislations
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...
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...
FG, States Share N6.21 Trillion ECA In 4years, Akwa Ibom Gets Highest
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...
Jonathan Fires Saratu, NIPC Boss
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...
Fuel Price May Increase, As Senate Removes Subsidy From Budget 2015
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...
PRESS RELEASE: Financial Expert Eugene Ludwig Discusses Regulatory Regimes and International Banking At Capital...
Promontory CEO explains what tough regulatory expectations mean for the region and the world
Dubai, United Arab Emirates – April 21, 2015 – (ME NewsWire...
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...
Yemen Unrest: Brent Crude Price Climbs To $59 Dollars Per Barrel
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...
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...
Fuel Scarcity Caused By Disruption Of Pipelines, Logistical Issues, Not Debt To Marketers -Okonjo-Iweala
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...
Senators Berate Okonjo-Iweala Over Poor Budget Funding, Blame Her For Economy Woes
By Nuel Suji, Abuja.
Senators on Tuesday faulted the Minister of Finance and Coordinating Minister of the Economy, Dr Ngozi Okonjo – Iweala over poor...
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...
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 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...
‘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....
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...
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...
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...
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...
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...
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,...
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...
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...
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...
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...
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,...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
Dangote Donates N40million Relief Material To Benue Govt, Dangote Sugar Grows Profit By 26.2percent...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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,...
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,...
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...
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...
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...
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...
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...
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...
$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...
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Abiodun Donates 25 Patrol Vehicles To Police, Calls For Use Of Technology To Tackle...
News Investigators/ Ogun State Government on Thursday, donated 25 patrol vehicles to the state police command just as it acquired surveillance drones...
Running From Law ‘Only Exacerbates’ Your Problem, AGF Tells Yahaya Bello
News Investigators/ The Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), has asked the immediate past Governor of Kogi...
Troops Capture Terrorists Stronghold In Sambisa Forest
News Investigators/ Nigerian Army troops have captured a Boko Haram/Islamic State of West African Province (ISWAP) stronghold in Borno State.