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  • Fuel price: NLC to go on strike Wednesday

    The emergency meeting of the National Executive Committee of the Nigeria Labour Congress on Friday took a decision to embark on “total strike” on Wednesday to protest the increase in the fuel pump price from N86 and...

    • Posted May 15, 2016
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  • Lagos to increase FDIs by 50 per cent – Ambode

    The Lagos State Governor Akinwunmi Ambode, has expressed the desire of his administration to increase Foreign Direct Investment (FDI) to the state by 50 percent in 2017. This is as the state said it prosecuted 1, 536...

    • Posted May 15, 2016
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  • Stock market gains N81bn, 37 firms appreciate

    A total of 37 firms made the gainers’ list at the close of trading on the floor of the Nigerian Stock Exchange on Thursday. This pushed up the NSE market capitalisation by N81bn. The NSE realised a...

    • Posted May 14, 2016
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  • Beware of fraudulent messages – CBN warns bank customers

    The Central Bank of Nigeria on Thursday warned customers of banks to beware of fraudulent messages demanding for personal information from them. The apex bank in a statement by its Acting Director, Corporate Communications Department, Mr. Isaac...

    • Posted May 14, 2016
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  • N350bn release for capital projects begins

    The Federal Government said on Thursday that it would commence the release of the sum of N350bn set aside for capital projects as contained in the 2016 budget Friday. The Minister for Budget and National Planning, Senator...

    • Posted May 14, 2016
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  • Unilever shareholders approve N189m dividend

    Shareholders of Unilever Nigeria Plc on Thursday approved the N189.2 million dividend recommended by the board of the company for the year ended December 31, 2015.The dividend, which translates to five kobo per share, was approved by...

    • Posted May 14, 2016
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  • Subsidy removal: PPPRA pegs naira at N298/$ for fuel imports

    Oil marketers have been given the go-ahead to source foreign exchange (forex) to import petrol into the country at an autonomous exchange rate of N298 to the dollar. According to reliable sources in the Petroleum Products Pricing...

    • Posted May 14, 2016
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  • No tax clearance, no payments by government – Buhari

    President Muhammadu Buhari on Thursday said his administration would not make any payments, no matter how small to individuals or companies which are unable to provide evidence of tax compliance from the Federal Inland Revenue Service (FIRS)....

    • Posted May 14, 2016
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  • Flexible forex policy coming – Osinbajo

    Vice President Yemi Osinbajo has said the country is substantially re-evaluating its foreign exchange policy, adding that a flexible approach should be expected soon. “We expect that with a more flexible policy, we will be able to...

    • Posted May 13, 2016
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  • Petrol price will go down in six months – Kachikwu

    The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said Nigerians will be amazed at what will become of the price of Premium Motor Spirit in the next six months. The Federal Government had on...

    • Posted May 13, 2016
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  • Nigeria loses 400,000bpd as Shell declares force majeure

    With the declaration of force majeure on Bonny Light exports by Shell Petroleum Development Company of Nigeria Limited, about 400,000 barrels per day of Nigeria’s production has now been shut in. Force majeure is a legal clause...

    • Posted May 13, 2016
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  • NCC plans licensing of additional InfraCos

    Following the licensing of two Infrastructure Companies (InfaCos) for Lagos and the North Central, the Nigerian Communications Commission (NCC) has said it is on the verge of licensing additional five InfraCos for other regions, in order to...

    • Posted May 13, 2016
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  • 1.6% of Budget not enough for Agriculture Ministry – Ogbeh

    The Minister of Agriculture and Rural Development, Audu Ogbeh, has said its allocation of 1.6 per cent of the approved budget for his ministry is not sufficient to drive the much needed diversification the country needs. He...

    • Posted May 13, 2016
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  • CBN unveils guidelines for non-interest MFBs

    The Central Bank of Nigeria (CBN) wednesday released a draft guidelines on the regulation and supervision of non-interest (Islamic) micro finance banks (MFBs) in the country. A Non Interest (Islamic) Financial Institution (NIFI) means a bank under...

    • Posted May 13, 2016
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