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Nigeria remains Africa’s biggest economy — at CBN rate Nigeria remains Africa’s biggest economy — at CBN rate

Nigeria has maintained its top spot as Africa’s biggest economy, ahead of South Africa and Egypt — but this is only when its gross domes...

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Experts to Buhari: Remove petrol subsidy, cut interest rates Experts to Buhari: Remove petrol subsidy, cut interest rates

Foreign and local economic experts have said President Muhammadu Buhari should put at the top of his second-term agenda the removal of ...

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NNPC loses N228.1 Billlion revenue NNPC loses N228.1 Billlion revenue

The Nigerian National Petroleum Corporation lost revenue of N228.1bn between April and November 2018, a period of about seven months, as ...

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Vancouver company to set up mining operations in Nigeria Vancouver company to set up mining operations in Nigeria

Thor Explorations, a company hailing from Vancouver, is going to begin construction on Nigeria’s gold mine which will be a first for the ...

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Dangote moves up to world’s 64th richest Dangote moves up to world’s 64th richest

President, Dangote Group, Alhaji Aliko Dangote has significantly moved up in the world billionaires’ list, as he emerged 64th richest per...

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EFCC warns Nigerians - 'Beware, fake Dollars plenty in circulation' EFCC warns Nigerians - 'Beware, fake Dollars plenty in circulation'

The Economic and Financial Crimes Commission, on Thursday, said that fake dollars were in circulation ahead of the presidential and Nati...

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ELECTIONS POSTPONEMENT: Stock investors suffer N196bn losses amid sell-off ELECTIONS POSTPONEMENT: Stock investors suffer N196bn losses amid sell-off

Investors in the nation’s stock market lost N196bn on Monday as equities listed on the Nigerian Stock Exchange declined following the su...

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Nigeria’s daily oil production drops Nigeria’s daily oil production drops

The nation’s crude oil production including condensate fell to 1.999 million barrels per day in January from 2.081 million bpd in Decembe...

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New instructions by CBN for Nigerian banks on money laundering New instructions by CBN for Nigerian banks on money laundering

New instructions have been set by the Central Bank of Nigeria (CBN) for banks planning to establish correspondent banking relationship w...

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How elections are affecting the capital market How elections are affecting the capital market

It is barely one week to the 2019 presidential elections and as rightly predicted by financial analysts, the economy has taken the back...

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Nigeria ‘to experience’ lunar eclipse on Monday Nigeria ‘to experience’ lunar eclipse on Monday

The National Space Research and Development Agency (NASRDA) says Nigeria will join other countries of the world to experience a total ...

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Dangote loses $2 Billion, still Africa's richest man Dangote loses $2 Billion, still Africa's richest man

Dangote Group President Aliko Dangote has retained his Africa’s richest man position for the eighth consecutive time despite the fact tha...

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Forbes ranks Nigeria 110th best country for business Forbes ranks Nigeria 110th best country for business

Nigeria has been rated the 110th best country for business in the world in 2019, out of 161 graded countries. Top on the list are Uni...

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RANKING: Best and worst performing banks of 2018 RANKING: Best and worst performing banks of 2018

The year 2018 has been very challenging and equally eventful for the Nigerian banking sector. Skye Bank morphed into Polaris Bank, whi...

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7 events that unsettled Nigeria’s economic landscape in 2018 7 events that unsettled Nigeria’s economic landscape in 2018

In 2018, the Nigerian economy continued in the direction of double-digit inflation and constant intervention to keep the Naira at ...

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Access Bank close to becoming Nigeria’s largest bank Access Bank close to becoming Nigeria’s largest bank

A major shakeup of Nigeria’s banking industry leadership is in the works and Access Bank is again at the centre of the storm. The bank i...

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Sanwo-Olu visits, secures Jakande’s blessings Sanwo-Olu visits, secures Jakande’s blessings

The first civilian governor of Lagos State, Alhaji Lateef Jakande, has blessed the candidacy of the All Progressives Congress governorshi...

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Otedola to exit fuel business, sell his Forte Oil shares Otedola to exit fuel business, sell his Forte Oil shares

The Chairman of Forte Oil Plc, Mr Femi Otedola, has announced his decision to sell all his shares in the firm’s downstream business. Th...

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MTN to pay $53 million as settlement for CBN CCI dispute MTN to pay $53 million as settlement for CBN CCI dispute

The Central Bank of Nigeria and MTN Nigeria has reached a settlement on the issue of the $8.1 billion that was allegedly illegally repatr...

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Nigeria’s oil revenue rises by over 100% Nigeria’s oil revenue rises by over 100%

Nigeria’s oil revenue has recorded a jump of over 100 percent in 2018 alone. According to Udo Udoma, the minister of budget and nationa...

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