Naira falls to 325 on dollar shortage

The Nigerian Naira has continued its free-fall against the dollar, crashing to N325 per dollar at the close of business on Thursday, Punch reports.The fall was due to scarcity of the greenback as des…

Etisalat drags MTN to court over Visafone acquisition

Telecommunication company, Etisalat Nigeria has sued MTN Nigeria and Visafone Ltd, challenging MTN's use of the 800megahertz (MHZ) spectrum following the acquisition of Visafone. MTN closed the deal …

Increase power supply, not tariff, textile workers tell Nigerian government

The National Union of Textile Garment and Tailoring Workers of Nigeria on Sunday said the Federal Government must ensure steady power supply before increasing electricity tariff.This was in a stateme…

Nigeria is at risk of starving to death by 2050

    Minister of Agriculture, Audu Ogbeh, says Nigeria will have to increase its input in farming or risk facing her citizens starve to death by 2050.Ogbeh, who made this disclosure, wh…

Bristow Helicopter crash: NCAA suspends operation of Sikorsky S-76C aircraft

The Nigerian Civil Aviation Authority has suspended the Bristow Helicopters Limited's Sikorsky S-76C type of aircraft from flying  in Nigeria due to the successive mishaps of the said aircraft t…

CBN extends BVN registration for Nigerians in Diaspora

 The Central Bank of Nigeria, CBN , has extended the Bank Verification Number , BVN, registration exercise for Nigerian Banks' Customers in the Diaspora to June 30, 2016.This directives was give…

NNPC records N267bn loss in 2015

The Nigerian National Petroleum Corporation (NNPC) in its monthly operational and fi?nancial report has indicated that it posted a N267.138 billion loss in 2015.The report which was released last nig…

N11.5bn fraud: Bishop, bank MD remanded in prison

A Federal High Court sitting in Jos yesterday ordered the Managing Director, Dadin Kowa Micro Finance Bank Ltd in Jos, Mr Irmiya Maman Jatau, to be remanded in prison custody.The Economic and Financi…

MTN hires former US attorney-general to fight Nigeria case

MTN has engaged Eric Holder, the former US attorney-general, to help challenge a $3.9bn fine imposed by Nigerian regulators for the company's failure to disconnect unregistered mobile phone subscribe…

Vice President Yemi Osinbajo has assured that Nigeria has the capacity to build and sustain a vibrant economy even with crashing oil price. He said this in his office yesterday when he held an intera…

2016 BUDGET: FG Seeks $3.5bn Emergency Loans From World Bank

The Federal Government has approached the World Bank and the African Development Bank (AfDB) for $3.5billion in emergency loans to fund the deficit in the 2016 budget.The requests for the loans were …

Buhari Rejects Naira Devaluation, Says "I Won't Kill The Naira''

President Muhammadu Buhari has declared late Wednesday in Nairobi that he was yet to be convinced that Nigeria and its people will derive any tangible benefit from an official devaluation of the Nair…

Nigeria increases price of kerosene to N83 per litre

   The Federal Government, weekend, finally removed subsidy on Kerosene.With the development, the product would now sell for N83 per litre from N50 per litre.The Petroleum Products Pricing …

N50 stamp duty: Salary accounts, self-to-self transactions exempted - CBN

The Central Bank of Nigeria says the recently introduced N50 stamp duty for all deposit transactions will not be collected for Payments of salaries and wages as well as payments and deposits for self…

NNPC shuts down Kaduna, Port Harcourt refineries over pipeline vandalism

Worried by the pipeline attacks by some persons, the Nigerian National Petroleum Corporation (NNPC), on Wednesday, announced the operational shutdown of the Port Harcourt and Kaduna refineries owing …

Nigerians to Start Paying N50 to FG Each Time They Receive Money in Their Accounts

The Federal Government through the Central Bank of Nigeria, imposed a stamp duty of N50 on bank customers for money received into their accounts. This implies that every bank customer will henceforth…

N1.04trn Fine is 95% of Our Annual Revenue - MTN Cries Out

Giant telecommunications operator, MTN has said the N1.04trn fine slammed on it by the Nigerian Communications Commission can run the company aground. This was made known by the new chief executive o…

No Adequate Crude Oil for Nigeria's Refineries

The refineries are not performing optimally because they are unable to access crude oil for refining, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Dr Emmanuel Kachikwu, sa…

Refineries to Begin Full Production by December

The Group Managing Director, the Nigerian National Petroleum Corporation, NNPC, Dr. Emmanuel Ibe Kachikwu had said, after scaling his ministerial screening that finally, the nation’s four refin…

Nigeria's Crude Oil Production on the Rise

Nigeria’s crude oil production is expected to rise by 40,000 barrels per day, as Shell Nigeria Exploration and Production Company Limited, SNEPCo, yesterday commenced production from the first …