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Naira weakens further as dollar rises to 478

By Usman Sulyman The naira extended its decline on Wednesday at the parallel market as the United States dollar was sold for N478. The local currency, which...

New economic plans to be implemented January 2021 – Minister

By Usman Sulyman The successor National Development Plan 2020–2025 of the Federal Government has sufficient capacity to accelerate the attainment of various regional and global...

Against the current price, petrol is supposed to be sold 155 per litre – Marketers

By Muhammed Saheed The Chairman of the Major Oil Marketers Association of Nigeria, Mr. Adetunji Oyebanji, has said that the pump price of petrol should...

FG suffers N1tn revenue shortfall in five months

By Usman Sulyman The Federal Government on Monday released guidelines and instructions that must be followed by all its ministries, departments and agencies for the...

Banks’ total assets rise to N47.82tn

By Usman Sulyman The total assets of the banking sector rose to N47.82tn as of the end of June 2020. A member of the Monetary Policy...

COVID-19: World Bank gifts Nigeria $114.28m response funds

By Usman Sulyman The World Bank board of directors has approved the sum of $114.28m funds to help Nigeria prevent, detect and respond to the...

Nigeria spends N2.27tn on imported petrol for 13 months – NNPC

By Usman Sulyman In 13 months, Nigeria has spent N2.37tn on petrol imported into the country by the Nigerian National Petroleum Corporation (NNPC), a data...

INTERVIEW: In business, profit a must, consistency key – CEO, Dah Golden Empire

With the revolution in Information Communication Technology (ICT), a sharp turnaround has been witnessed in all stratas of life, and the business sector is...

Anxieties as ShopRite contemplates leaving Nigeria

Shoprite is considering selling its Nigerian operations, according to Bloomberg. South African Company, Shoprite Holdings Limited has said it would auction off its outlets in...

Many public assets are not actively managed in Nigeria – Aganga

By Usman Sulayman A former Minister of Finance, Olusegun Aganga, has said there are so many assets held by different ministries, departments and agencies that...

N300bn funds: Reps summon Emefiele, PENCOM boss, others

By Usman Sulyman The House of Representatives has summoned Governor, Central Bank of Nigeria, Mr Godwin Emefiele; Director-General, National Pension Commission, Aisha Dahir-Umar; and Chairman,...

FG identifies plans to generate N18tn

By Usman Sulyman The Federal Government today said it had identified oil and non-oil initiatives that could help the country generate between N13tn to N18tn,...
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PDP clear all chairmenship positions in Taraba

By Muhammed Shaeed At the just-concluded local government council election that was held in Tara a state on Saturday, candidates of the Peoples Democratic Party...

Edo guber: Shaibu declares to run for governor

By Muhammed Shaeed Philip Shaibu, the Edo State Deputy Governor, has declared to run for the governorship position in Edo state. Shaibu who has been having...

Kalu urges Tinubu to sign army trust fund bills

By Muhammed Shaeed The deputy speaker of the House of representatives, Benjamin Kalu, has urged President Bola Ahmed Tinubu to sign the Defence Industries Corporation...