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23:11 Donald Trump blasts Nordstrom for dumping Ivanka’s clothing line


21:23 Abuja airport 57.5% completed as FG reaffirms re-opening date


20:36 7 biggest political fights that have caused tension in Nigeria


15:19 Nigeria will struggle to lure back Investors, Except it floats Naira – JPMorgan


16:56 First Bank, others roll out gifts to Nigerian Lady who refunded guy their date money (photos)


22:04 UPDATE: EFCC discovers N448.8 million at abandoned Bureau de Change in Lagos


15:15 EFCC begins manhunt for owner of seized N448.85m found in Lagos shopping complex


22:10 NEITI Tasks FG To Reclaim NNPC Unremitted Funds



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  • African continent has the potential to feed itself

    April 28, 2017 4:25 PM 11

    The African continent has the potential to feed itself and even have surplus food to export to other parts of the world. But instead, the continent imports $35 billion worth of food and agricultural products every year, and if the current predictions hold, the import bill will rise to $110 billion annually by 2025. So the question is: if the African

  • Ministry of Finance Denies Hiring Foreign PR Consultants for N612 Million

    April 26, 2017 4:31 PM 8

    The Federal Ministry of Finance said that it had not hired any Public Relations firm for 2 million dollars (N612 million) per month. ‎“The Public Relations firm, Africa Practice, has been retained by the Federal Government on the approval of the Federal Executive Council to work with the Debt Management Office as part of the Eurobond programme for a three-year

  • Nigeria will be out of recession by June – Emefiele

    April 26, 2017 6:48 AM 15

    Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has assured Nigerians that the country would get out of economic recession latest by the end of June this year. Emefiele gave the assurance at the National Assembly Complex on Tuesday while fielding questions from journalists after a closed-door meeting with the leadership of the Senate

  • Nigeria’ll be out of recession by third quarter – Emefiele

    April 26, 2017 3:46 AM 15

    The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has said that with the current efforts by the Federal Government to revive the country’s economy, the country should be out of recession by the third quarter of this year. Emefiele also said the CBN would continue with its intervention in the foreign exchange market, adding that efforts

  • Lagos indigenes hail Ambode

    April 26, 2017 12:36 AM 16

    The Coalition of Lagos State Indigenes at Home and in the Diaspora has hailed Governor Akinwunmi Ambode for his exceptional performance, pledging to support him. The alliance, operating under the auspices of the Lagosians Future Group and DE Fash Movement, both comprising the indigenes of Lagos Island and Awori indigenes, said Ambode’s achievements

  • Nigeria: Stanbic IBTC Holdings Records N16.4 Billion First Quarter Profit

    April 25, 2017 1:49 PM 10

    Lagos — Stanbic IBTC released its Q1 2017 result with Profit Before Tax which came in at N18.6bn and while Profit After Tax of N16.4bn was up by 185% y/y with both income lines contributing to a strong results. However, Q1 2017 results which saw non-performing loans (NPL) jump from N24 billion in December 2016 to N38bn in March 2017. The implication

  • Nigeria's Lagos State redeems 57.5 bln naira from bondholders

    April 25, 2017 12:39 PM 12

    LAGOS (Reuters) - Nigeria's commercial hub, Lagos State, has redeemed 57.5 billion naira ($183 million) worth of local currency bonds it issued seven years ago, it said on Tuesday. Finance Commissioner Akinwunmi Ashade said the state was paying off its debts to create space for new issuance to raise funds for infrastructure investment. He said the state

  • We need N100bn from FG to improve power supply, say DisCos

    April 25, 2017 9:39 AM 13

    The Association of Electricity Distribution Companies (ANED) has appealed to the federal government to provide the N100 billion subsidy it promised after private investors took over the power sector utilities on November 1, 2013. In a statement by Sunny Oduntan, its executive director, ANED urged the government to inject funds into the transmission section

  • Lagos generated N436bn internal revenue in 2016 – commissioner

    April 24, 2017 12:29 PM 17

    The Lagos State Government generated N436.3 billion internal revenue in 2016 from the N399.4 billion realised in 2015. The state realised N7 billion from Land Use Charge (LUC) in 2016 against N6 billion in 2015. Mr Akinyemi Ashade, the state Commissioner, Ministry of Finance, made the disclosure at the ministry’s 2017 Ministerial Press Briefing to mark Gov. Akinwunmi

  • Federal taxpayers to pick up tab for Queensland cyclone

    April 24, 2017 12:00 PM 15

    Tropical Cyclone Debbie has blown a $2 billion hole in Queensland's budget bottom line but the bulk of the tab for damage to public infrastructure will be picked up by federal taxpayers. This would leave a net cost to Queensland taxpayers of about $500 million, Mr Pitt said. But he said the state was still on track to deliver a surplus in the June 13 budget