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Africa, Nigeria now best investment destination, says AfDB

Africa, and in particular Nigeria, has become the best place for investment following the consummation of the about $3 trillion African market...

Textile industry can create 2 million jobs, save $4bn, says CBN

To reposition the Nigerian economy and make it self-reliant, the Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, has rallied stakeholders’ support...

Sobering 2020 outlook for Nigeria, others as production output rises

Organisation of the Petroleum exporting Countries (OPEC’s efforts to boost oil prices look set to become even more challenging next year, with...

‘CBN to remain people-focused’

The Governor of the Central Bank of Nigeria, Godwin Emefiele on Thursday assured Nigeria that the apex bank will continue to remain...

NNPC dispels fuel scarcity rumour

THE Nigerian National Petroleum Corporation (NNPC) has advised motorists and other petroleum products consumers to disregard reports about increase in petrol pump...

‘Recovery to push generation to 3,000Mw’

THE Transmission Company of Nigeria’s (TCN’s)  grid upgrade project is expected to recover between 2,000 megawatt (Mw) and  3,000Mw.

Nivea, foundation support child amputees

The Irede Foundation (TIF), a non-governmental organisation, and the world’s number one personal-care company, Nivea, have called on Nigerians to support children...

NCC: telecoms sector needs $136b investment

About two decades after the liberalisation of the telecoms sector, the Nigerian Communications Commission (NCC) on Thursday in Lagos, said $136billion...

NBS, SMEDAN survey shows 41.5m MSMEs in Nigeria

THE Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) in collaboration with the National Bureau of Statistics (NBS) has released the...

Access Bank wins Healthcare Excellence Award

Access Bank has again emerged winner at the Nigerian Healthcare Excellence Award (NHEA) 2019 as the ‘Outstanding Healthcare SME-Friendly Bank of the...

CBN policy frees N750b for loans

The Central Bank of Nigeria (CBN) directive for banks not to deposit funds above N2 billion at its Standing Deposit Facility (SDF)...

Fed Govt rakes in N10tr from TSA

The Federal Government has collected over N10 trillion from the implementation of the Treasury Single Account (TSA) from 1,674 Ministries, Departments and...

Govt assures investors of security

The Permanent Secretary, Ministry of Industry, Trade and Investment, Edet Sunday Akpan has assured foreign investors about the security of the country....

Tecno: R&D touchstone of quality products

LEADING Original Equipment Manufacturer (OEM), Tecno, has said research and development (R&D) remained the cornerstone of its products, assuring that it will...

MTN slashes data prices

Just two weeks after launching 4G+, which offers customers faster data speeds, MTN Nigeria has announced a price slash across all its...

Breaking: FG collects over N10tr from TSA

The Federal Government has collected over N10 trillion from the implementation of the Treasury Single Account (TSA) from 1,674 MDAs.

GenCos: AfCFTA’ll boost power generation

THE electricity generation companies (GenCos), on Wednesday expressed hope that the African Continental Free Trade Area (AfCFTA) Agreement signed last Sunday in...

OPEC seeks early resolution to tensions in oil industry

The Organisation of Petroleum Exporting Countries (OPEC) is seeking an early resolution between the United States (U.S.) and Iran and Venezuela.

INTELS graduates 80 women under WEPSS

INTELS Nigeria Limited, an Oil and gas logistics operator, has graduated 80 women under its Women Empowerment Programme Scheme Synergy (WEPSS).

‘Ruga settlement policy a failure of town planning’

The former President, Nigerian Institute of Town Planners (NITP),  Mr. Bunmi Ajayi, has said the suspended Ruga settlement programme is a failure...

Sanwo-Olu to manufacturers: tackle plastic pollution

Lagos State Governor, Babajide Sanwo-Olu has urged manufacturers to develop alternatives to plastic bottles and other non-degradable items, which are threatening the...

Seplat makes case for ANOH gas at LSE

Seplat Petroleum Development Company Plc has identified the Assa North-Ohaji South (ANOH) gas processing project as very bankable and capable of boosting...

NNPC’s claims of N305 to $1 a ruse, says MOMAN

The Major Oil Marketers Association of Nigeria (MOMAN) has denied claims that marketers are getting foreign exchange (forex) at N305 to a...

Airtel share falls 10% on high stock price

At the close of transactions yesterday, Airtel Africa Plc shares, which opened at N363 shed N39.30 or 10 per cent to close...

NUBIFIE to challenge Ecobank’s sacking of 1,200 workers

Bank workers under the auspices of the National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE), are preparing for a headlong...

Amidst concerns DMO puts Nigeria’s public debt at N25trn

Amidst concerns by the Bretton Woods Institutions, including the International Monetary Fund (IMF), and World Bank over Nigeria’s ability to repay its...

Global IT spending to grow in 2019

Gartner has given us a new forecast for how much the world will spend on IT technology this year, and this time...

Tax Tribunal receives N71.7billion-worth new appeals, resolves 42

The Coordinating Secretary, Tax Appeal Tribunal (TAT), Muhammad Lawal Abubakar, has said that between November 2018 and June 2019, 62 new appeals...

Airtel listing pushes market capitalisation by N1.34 trillion

Despite price losses that outweighed gains, transactions in the equities sector of the Nigerian Stock Exchange (NSE), sustained rising profile as market...

Ecobank guilds customers on wealth creation

Ecobank Nigeria has organised a wealth-building and sustainance breakfast forum for its High Networth Individual (HNI) customers. The...

Airtel Africa rallies N136.4b gain on listing day

Airtel Africa Plc started trading on the Nigerian Stock Exchange (NSE) with a strong enthusiasm, rallying N136.4 billion gain in the immediate...

AAAN 46th AGM/congress to hold in Asaba

The Association of Advertising Agencies of Nigeria (AAAN) will hold its 46th Annual General Meeting (AGM)/Congress from July 11 to 13 at...

Apapa Customs revenue hits N203b

The Apapa Area Command, Nigeria Customs Service (NCS) has collected N203,264,054,682.69 from January to June 2019 The revenue, according...

Kyari: we ‘ll automate NNPC systems to check graft

The new Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Melee Kyari, yesterday met behind closed doors with President...

AU delegation for U.S. Trade Conference

Following a successful launch of the African Continental Free Trade Area (AfCFTA) at the 12th Extraordinary Summit in Naimey, Niger, the African Union...

5G: Ramaphosa backs Huawei

South African President Cyril Ramaphosa has described Chinese technology giant Huawei as the only company that can bring the 5G technology service...

Will AfCFTA maximise Nigeria’s economic potential?

It took sustained pressure by development experts and industry operators before President Muhammadu Buhari signed the African Continental Free Trade Area (AfCFTA)...

Currency war: Gwadabe advises govt to prepare for global economic system change

The ongoing economic, trade and currency wars between the United States of America and Russia/ Asian countries present Nigeria with some lifetime...

‘Board absence crippling PenCom’s activities’

The Pioneer Director-General of the National Pension Commission (PenCom), Mr Mohammed Ahmad, has said the absence of a board for the Commission...

Afreximbank’s $1b adjustment facility for AfCFTA debuts

Following the official take off of the African Continental Free Trade Area (AfCFTA) last weekend, the region’s largest trade bank – African...

SON seizes N38m substandard aluminium roofing sheets

The Standards Organisation of Nigeria (SON) has seized sub-standard aluminium roofing sheets worth over N38 million in a move to ensure that...

GEIL invests $350 million in new wells, field development

Green Energy International Limited (GEIL), operator of the Otakikpo Marginal Field, in oil mining lease (OML) 11, Rivers State, said it has...

Afreximbank mulls African payment, settlement platform

The African Export-Import Bank (Afreximbank) said it will launch its new Pan-African Payment and Settlement (PAPS) platform to ease transaction on the...

Afreximbank okays $1b for African trade

African Export-Import Bank (Afreximbank), has instituted a $1billion Agreement for the African Continental Free Trade Area (AfCFTA) Adjustment Facility to enable countries...

Airtel Africa begins trading on NSE

Airtel Africa Plc will today begin trading on its shares on the Nigerian Stock Exchange (NSE). Airtel Africa will list its entire...

CBN releases N35.9b for agric credit scheme

The Central Bank of Nigeria (CBN) has released N35.9 billion for 166 projects under the Commercial Agriculture Credit Scheme.

NEPC targeting $150b from non-oil sector’

Nigeria, within the next 15 years, can earn about $150 billion from non-oil revenue sources, the Executive Director/Chief Executive Officer of Nigerian...

Market index slumps further on economy’s negative sentiment

Cautious trading persisted on the equity sector of the Nigerian Stock Exchange (NSE), extending its losing streak for the fifth consecutive sessions...

Subsidy on PMS, electricity: Stakeholders weigh options

The unending subsidy regime on Premium Motor Spirit and government’s continuous intervention in the power sector do not only drain the nation’s...

Sterling Bank ranked among best places to work in Africa

Sterling Bank Plc has been adjudged as the third best place to work in Nigeria and on the African continent at the...