Business

Pension Fund Administrators (PFAs) have invested N1.49 trillion in Treasury Bills. The monthly National Pension Commission (PenCom) report released yesterday in Abuja by its spokesman, Peter Aghahowa, explained how the fund had been…

The Nigerian Telecommunications Commission (NCC) has licensed six infrastructure companies(infraco) for the deployment of broadband fiber across the 774 Local Government Areas of the country. The Executive Vice Chairman NCC,…

In another round of intervention, the Central Bank of Nigeria (CBN), on Friday, injected over 337 million dollars in the Inter-Bank Foreign Exchange (Forex) market. The CBN also intervened to the tune of 53.44 million Chinese Yuan in…

Nigeria moved up 10 places in the Global Competitiveness Report released by the World Economic Forum (WEF) on Wednesday. Africa’s largest economy moved from its 2017 spot of 125 to 115. According to the report, national…

The Federal Executive Council (FEC) presided over by President Muhammadu Buhari has approved six transaction parties to advise the federal government on the issuance of $2.78 billion Eurobonds and other securities at the…

The senate has approved the $2.786 billion loan request of President Muhammadu Buhari to finance the 2018 budget. The upper legislative chamber also approved $82.54 million to refinance the balance of $500 million…

No fewer than 10,000 petty traders in Ogun State, yesterday, accessed the Trader Moni collateral free loan of the Federal Government to expand their business activities.Speaking at the activation of ‘Trader Moni’ initiative at Sango Ota…

A new vista in the optimisation of the nation’s vast gas resources has been opened with the execution of a novel contract between the Nigerian National Petroleum Corporation (NNPC) and a private firm for the activation of virtual gas…

The consumer price index, which measures inflation, stood at 11.28% in September from 11.28% recorded in August on a year-on-year basis, data from the National Bureau of Statistics have shown. Going by the inflation report…

Godwin Emefiele, governor of the Central Bank of Nigeria, says the Buhari-led administration chose to save the naira instead of building reserves. Emefiele, who made this known to journalists on Sunday in Bali, Indonesia, said it is…

The dream of no fewer than 3,500 people to make easy cash through forex trading has become a nightmare after they were defrauded of their money estimated at N2bn. We learned that the victims deposited money in a binary options company, BTD…

•How court ordered him to pay Skye, Diamond Bank $144mn dollars Not a few people wonder how Dr. ABC Orjiako, the chairman of Seplat, manages to sleep at night and live at peace with himself with the huge debt hanging on his neck. Under…

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says more state-owned enterprises will be privatised. The governor made this known to journalists at a press conference to mark the end of the annual meetings of the…

The House of Representatives yesterday, said it has discovered N21 billion and $104.46 million undeclared revenue in two separate accounts outside the Treasury Single Account (TSA). The chairman, Ad-hoc Committee investigating the…

Forbes Africa, a major global research firm, has rated Nigeria as the 2018 best economy in Africa, beating South Africa, Egypt and others. According to Forbes, Nigeria came top with…

The National Insurance Commission (NAICOM) has dissociated itself from a Ponzi scheme, which was recently ascribed to it and is currently trending on the social media. The NAICOM spokesman, Mr Abdulrasaq Abdulsalami, said in a…

The Federal Government of Nigeria under the leadership of President Muhammadu Buhari, has mandated all Nigerians with foreign assets to pay tax on those assets or face prosecution. In a statement posted on social media by Garba…

Forbes Africa, a major global research firm, has rated Nigeria as the 2018 best economy in Africa, beating South Africa, Egypt and others. According to Forbes, Nigeria came top with $172 billion, which was followed by South Africa…

On any given weekday, commuters in Lagos, Nigeria’s commercial capital, are snarled in traffic for hours. Container trucks and tankers take up several lanes of traffic on the major thoroughfares close to the city’s ports. Often these…

The federal government has awarded the cash transfer of N5,000 to the Nigeria Postal Services (NIPOST) under the present administration’s  social welfare package to most vulnerable Nigerians, Post Master General, Barrister Bisi…

No fewer than 36 banking centres have been opened by the Nigerian Postal Services (NIPOST) in the South East, the Zonal Manager, Dr Asuquo Abianga has said. Abianga disclosed this on Tuesday in an interview with the News Agency of…

The new minimum wage for workers in the country may have been fixed for N30,000 as the committee finalised its negotiation last Friday. This was even as the committee is set to present the report which has N30,000 recommendation to…

The Nigerian Stock Exchange (NSE) on Monday suspended trading in the shares of six listed companies. The companies were suspended after they failed to file details of their accounts to the Exchange as stipulated by market…

Governor of the Central Bank of Nigeria, Godwin Emefiele, disclosed today that the $8.1billion which MTN Group Limited is expected to repatriate to Nigeria may get reviewed. The Governor, who was speaking to journalists in London,…