Okechukwu Nnodim, Abuja The Federal Government had a target of increasing the identity database of Nigerians from 28 million to 70 million, President Muhammadu Buhari, ..
Nigeria’s dependence on imported cement appears to be a thing of the past as Dangote Cement Plc exported a total of 211 kilotons of cement to Ghana, Togo and Niger ..
Everest Amaefule, Abuja Nigeria and other African countries are losing more than $50bn per annum to illicit financial flows, the African Development Bank has said. ..
Okechukwu Nnodim, Abuja The Federal Government has not done enough in the area of maintenance of infrastructure across the country, the Minister of Power, Works ..
Akinpelu Dada The Federal Inland Revenue Service generated a total of N1.17tn in the first quarter of this year from the collection of various taxes, according to a document ..
Mudiaga Affe and ’Femi Asu The Head of Civil Service of the Federation, Mrs. Winifred Oyo-Ita, on Monday heaped the blame for persistent power failures in homes ..
’Femi Asu Nigeria’s crude oil exports are under pressure as the United States is flooding Europe with a record amount of crude as efforts by the Organisation ..
Okechukwu Nnodim, Abuja Nigeria has not shown enough readiness to commence the journey into a post-oil economy, the Minister of Power, Works and Housing, Babatunde ..
Okechukwu Nnodim, Abuja The National Identity Management Commission has said that it cannot produce national identity cards for everyone who enrolled for it despite ..
John Ameh, Abuja The planned passage of the 2018 budget today (Tuesday) by the National Assembly is no longer feasible. Investigations on Monday, indicated that ..
John Ameh, Abuja An ad hoc committee of the House of Representatives has summoned the Minister of Finance, Mrs. Kemi Adeosun, and the Minister of State for Petroleum ..
•‘Why we’re linking Nigeria, Niger by rail’ Okechukwu Nnodim, Abuja The total amount needed for the construction of a second runway at the Nnamdi Azikiwe ..
Everest Amaefule, Abuja Ocean and Cargo Terminal Services Limited has emerged the preferred bidder for the concession of Terminal B Warri Old Port in Delta State, ..
John Ameh, Abuja The House of Representatives has asked the Nigerian Electricity Liability Management Limited to speed up the sale of the non-core assets of the defunct ..
Ifeanyi Onuba, Abuja The Federal Government, the United Nations Industrial Development Organisation and other stakeholders in the economy on Thursday commenced a validation ..
Okechukwu Nnodim, Abuja The Nigerian National Petroleum Corporation on Thursday announced that it had ended its lease agreement with owners of the super mega petrol ..
’Femi Asu with agency report International oil benchmark, Brent crude, climbed towards a four-year high of $75 per barrel on Thursday, with traders pointing to tightening ..
Sterling Bank Plc has launched a new mobile banking application known as I-invest in a bid to encourage people to build a savings and investment culture. The new application ..
Everest Amaefule and Ifeanyi Onuba The African Development Bank and the European Investment Bank have both agreed to invest fresh $70m (N25.2bn) in the Development ..
Oyetunji Abioye The naira is expected to remain stable against the United States dollar in coming weeks as the Central Bank of Nigeria continues to intervene in the foreign ..
MTN Group and Ecobank Transnational Incorporated have come together to provide mobile financial services across the various African countries where they currently ..
The National Engineering and Technical Company Limited, has for the first time since its establishment, delivered the highest dividend of N750m to its shareholder, ..
Okechukwu Nnodim, Abuja The Nigerian Electricity Regulatory Commission has warned that there will be chaos in the power sector if the National Assembly criminalises ..
The Chairman, Toyota (Nigeria) Limited, Chief Michael Ade.Ojo, has dismissed the report that he will be retiring from the auto company when he clocks 80 on June ..
Olalekan Adetayo, Abuja President Muhammadu Buhari on Wednesday said the surest and most sustainable way to lift millions of people out of poverty was boosting trade ..
Maureen Ihua-Maduenyi The Accident Investigation Bureau has released six final accident and serious incident reports that occurred in the industry between 2009 and 2014. ..
…summon Adeosun, Emefiele over IOC levies John Ameh, Abuja The House of Representatives has endorsed the suspension of the Director-General of the Securities and Exchange ..
The Federal Inland Revenue has sealed 19 companies over their alleged failure to fulfil their tax obligations. In Lagos, the FIRS enforcement team on Wednesday sealed ..
Olalekan Adetayo, Abuja The Federal Executive Council on Wednesday approved contracts totalling N6bn for four different airports in the country. The Minister of State ..
Everest Amaefule, Abuja The World Bank has raised the alarm over rising debts in African countries, including Nigeria. While releasing ‘Africa’s Pulse’, a biannual ..
President Muhammadu Buhari has assured members of the Commonwealth of Nigeria’s open-door policy for business at the Commonwealth Business Forum on Wednesday ..
Two members of the Association of Waste Managers of Nigeria, Lagos State have filed a new action in court to challenge the state’s new Environmental Management ..
Ozioma Ubabukoh Vice President Yemi Osinbajo on Tuesday said the Federal Government would be in partnership with the private sector and technology entrepreneurs ..
Okechukwu Nnodim, Abuja The Federal Government on Thursday announced its readiness to issue over 2,000 land titles to investors across the country in order to enable ..
’Femi Asu The market capitalisation of listed equities on the Nigerian Stock Exchange rose by N93bn on Tuesday as 33 stocks led by Unity Bank Plc, Oando Plc and Skye ..
Okechukwu Nnodim, Abuja Human rights lawyer, Femi Falana (SAN), on Tuesday stated that the daily petrol consumption claim by the Minister of State for Petroleum ..
Everest Amaefule, Abuja Ongoing probe of banks that are collecting revenues for the government has shown that the lenders failed to remit N74.1bn into the Federation ..
Ifeanyi Onuba, Abuja The Federal Government has been urged to reverse its decision to increase the excise duty on locally produced alcoholic beverages and tobacco ..
Okechukwu Nnodim, Abuja After ensuring system stability for more than two months, the country’s power grid collapsed twice in the past five days. Electricity generation ..
The Minister of Aviation, Senator Hadi Sirika, says the Federal Government is willing to work with development banks, foreign investors and private firms to bridge ..
Maureen Ihua-Maduenyi The Nigerian Union of Air Transport Employees has said it will embark on an industrial action to protest against the sacking of 22 Nigerians ..
Everest Amaefule, Abuja The African Development Bank says its board has approved the support of private health care system in Lagos, Nigeria with a loan of $20m. ..
The Nigeria Communications Commission has said it will not approve the sale of 9mobile to any bidder without technical competence. The Executive Vice Chairman, ..
‘Femi Asu A former Minister of Solid Minerals, Dr. Oby Ezekwesili, has said the discretionary award of oil licences is bringing about mediocrity in the nation’s ..
Ifeanyi Onuba, Abuja The Federal Government is currently investigating 28 of its Ministries, Departments and Agencies over allegations of contract inflation and conversion ..
Ifeanyi Onuba, Abuja The Nigeria Incentive-Based Risk Sharing System for Agricultural Lending has signed a Memorandum of Understanding with Syngenta Agrochemical ..
’Femi Asu The President, Dangote Group, Aliko Dangote, has reiterated the need for private sector operators to commit one per cent of their annual profits to funding ..
Maureen Ihua-Maduenyi Med-View Airline will resume its London and Dubai fight services in May, the Chief Executive Officer, Alhaji Muneer Bankole, has said. Bankole ..
Okechukwu Nnodim, Abuja The defective networks of power distribution companies led to the untimely death of 22 people within a space of three months. Between January ..
Ife Ogunfuwa It has been predicted that mobile network operators will continue to experience weak revenue growth in the next seven years. An intelligence report ..
Samuel Awoyinfa, Abeokuta The Ogun State governor, Senator Ibikunle Amosun, says the debt profile of the state as of Thursday April 12. 2018 stands at N103bn. ..
Ifeanyi Onuba, Abuja The Securities Exchange Commission on Thursday explained why it directed the Nigerian Stock Exchange to lift the technical suspension placed ..
Ifeanyi Onuba, Abuja The National Bureau of Statistics on Thursday said the country’s Consumer Price Index, which measures inflation, rose by 13.34 per cent (year-on-year) ..
Maureen Ihua-Maduenyi The Group Managing Director, Nigerian National Petroleum Corporation, Maikanti Baru, has urged Nigerians not to buy petrol from any filling ..
Chukwudi Akasike, Port Harcourt The Federal Government has identified the establishment of modular refineries in the Niger Delta and the sustenance of the Amnesty ..
Leke Baiyewu, Abuja The President of the Senate, Bukola Saraki, at the plenary on Thursday, insisted on today’s (Friday) deadline issued to standing committees ..
•NNPC station shut for selling petrol at N181/litre Okechukwu Nnodim, Abuja The Department of Petroleum Resources on Wednesday accused oil marketers of using the name ..
…says no further extension will be approved Olalekan Adetayo, Abuja President Muhammadu Buhari on Wednesday approved the extension of the Voluntary Assets and Income ..
The Federal Inland Revenue Service and the Economic and Financial Crimes Commission have pledged to strengthen their collaboration to track both individuals and organisations ..
Nike Popoola, Swakopmund, Namibia A Chief Correspondent with The PUNCH, Miss Nike Popoola, has emerged the winner of Africa’s Best Re/Insurance Industry Analysis ..
President Muhammadu Buhari has approved the extension of the Voluntary Assets and Income Declaration Scheme to June 30. The approval for the extension of the deadline ..
Leke Baiyewu, Abuja President of the Senate, Bukola Saraki, has said the Committee on Appropriations is expected to present a harmonised report on the 2018 Appropriation ..
Okechukwu Nnodim, Abuja The 14 new rice mills being expected in Nigeria in few weeks’ time will attract N250bn worth of investments to the sector, the Federal ..
’Femi Asu Ghana owes a total of $160m for gas supplied to its largest power producer, Volta River Authority, from Nigeria through the West Africa Gas Pipeline, ..
Everest Amaefule and Ife Ogunfuwa The preferred bidder for 9mobile, Teleology Holdings Limited, has paid the sum of $50m, being the non-fundable 10 per cent of the bid price ..
Ifeanyi Onuba, Abuja The Federal Government on Tuesday confirmed the repatriation of the sum of $322.5m to Nigeria by the Swiss Government as part of funds looted ..
The Group Executive Director, Finance and Accounts of the Nigerian National Petroleum Corporation, Mr. Isiaka Abdulrazak, said the corporation made a trading profit ..
Anna Okon A Denmark-based advertising guru, Thomas Kolster, has advised brands to create platforms to empower people instead of promoting products. He said that ..
Maureen Ihua-Maduenyi The national airline of the Republic of Namibia will inaugurate its flight to Nigeria in June. The Air Namibia’s Windhoek-Lagos-Accra service ..
Okechukwu Nnodim, Abuja The Minister of Power, Works and Housing, Babatunde Fashola, on Monday announced that the Transmission Company of Nigeria and the Niger Delta ..
’Femi Asu Royal Dutch Shell’s payment to the Nigerian government for its activities in the county last year rose to $4.32bn, about 19 per cent higher than what ..
’Femi Asu The equities market of the Nigerian Stock Exchange extended its decline on Monday, dropping to a three-month low as 30 firms recorded price depreciation. ..
Everest Amaefule, Abuja MTN Nigeria Communications Limited has so far paid N165bn out of the N330bn imposed on it by the Nigerian Communications Commission, the Executive ..
Oyetunji Abioye and Ifeanyi Onuba The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, on Monday said there was a need for strong policy coordination ..
Everest Amaefule, Abuja Some Civil Society and Community-based Organisations have urged President Muhammadu Buhari not to sign the Petroleum Industry Governance ..
Okechukwu Nnodim, Abuja The outcome of the recent lawsuit that was filled against the Federal Government by power generation companies will determine the November ..
Okechukwu Nnodim, Abuja The Nigerian National Petroleum Corporation on Sunday announced the completion of the outstanding audit of its group financial statements ..
Rasheed Bisiriyu The Chairman, Toyota Nigeria Limited, Chief Michael Ade-Ojo, is set to bow out of active participation in the day-today-running of the auto company ..
Everest Amaefule, Abuja Some chief executive officers of government agencies are currently being probed for infractions of the Public Procurement Act, 2007, the Secretary ..
Samuel Awoyinfa, Abeokuta A professor of Accounting, Sunday Owolabi, has called on the Federal Government to give more powers to the Financial Reporting Council ..
Ifeanyi Onuba, Abuja Despite the soaring unemployment among graduates of tertiary institutions, there are so many vacancies that exist in professional trade areas ..
Olufemi Atoyebi, Ibadan The International Institute for Tropical Agriculture has said that maize farmers who use Aflasafe system in the production of the crop this ..
Ifeanyi Onuba, Abuja The Federal Government has been urged not to politicise economic issues so as not to jeopardise the modest growth so far recorded and further ..
Okechukwu Nnodim, Abuja Any increase in the price of Premium Motor Spirt as a result of the five per cent levy on the product as stipulated in the Petroleum Industry ..
Everest Amaefule, Abuja The African Development Bank on Thursday said it had approved a $50m Risk Participation Agreement for Commerzbank AG to address the continent’s ..
Ifeanyi Onuba, Abuja The Federal Government is aiming to create a total of 570,000 jobs through the implementation of the focussed labs under the Economic Recovery ..
Okechukwu Nnodim, Abuja A total of N1.4tn is now being spent annually by the Nigerian National Petroleum Corporation as subsidy on Premium Motor Spirit, popularly ..
Friday Olokor, Jos The Association of Senior Civil Servants of Nigeria has alleged plans by the Federal Government to reinstate the suspended Director-General of the Securities ..
Everest Amaefule, Abuja The Federal Government has spent a total of N3.72tn to service local debts in the past three years, statistics available from the Debt Management ..
Ifeanyi Onuba, Abuja The Monetary Policy Committee of the Central Bank of Nigeria on Wednesday expressed concern over the increase in allocations to the three tiers ..
Ifeanyi Onuba, Abuja The Chartered Institute of Forensic and Investigative Auditors has called on the Federal Government to raise the audit standards in the country ..
Ife Ogunfuwa The Association of Licensed Telecommunications Operators of Nigeria has decried the negative impact of multiple taxation on business operations in the telecommunications ..
Anna Okon Genesis Worldwide Shipping Company which owns Integrated Oil and Gas Company, has announced that the total amount that will go into completion of its industrial ..
Everest Amaefule, Abuja The World Bank and senior officials of the Federal Government on Tuesday commenced a discussion aimed at explaining new environmental and social ..
Ifeanyi Onuba, Abuja The Abuja Chamber of Commerce and Industry has urged the Federal Government to sign the African Continent Free Trade Agreement to enable the country ..
Olalekan Adetayo, Abuja State governments have raised concerns over what they described as the lack of proper mechanism for the sustainability of the National Social ..
Anna Okon The Lagos Chamber of Commerce and Industry has described the recent call by the International Monetary Fund for a further tightening of Nigeria’s monetary ..