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

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17:43 Dangote drops out of TOP 100 richest in the world, meet 3 richest Nigerians for 2017

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

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

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19:34 Federal government okays N80bn for reconstruction of 12 roads

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15:40 BREAKING: Naira rises to N410 per Dollar at parallel market

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

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13:49 Reps disagree with Adeosun over reduction of CBN powers

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Business

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  • Nigeria needs $139/pbl oil price for balanced budget – Fitch

    April 7, 2017 12:02 AM 15

    Meanwhile, the price of crude oil yesterday rose to a one-month high yesterday rising more than 1 percent, on track for a fourth straight day of gains, with Brent crude futures gaining at 61 cents at $54.97 per barrel. Citing Kuwait in the best position of major oil exporting nations in the Middle East, Africa and parts of Europe to have a balanced

  • Edo council spends N1.35bn on teachers, traditional rulers, pensioners in February

    April 6, 2017 4:21 PM 18

    The authorities of the 18 local government councils in Edo State said it spent the sum of N1.35 billion for the payment of teacher’s salaries, pension, five percent allocation to traditional rulers, training among others in February , 2017. The spokesperson of the councils, Macaulay Ehonor, Head of Local Government Administration (HOLGA), Esan North-East

  • Financial Stability: Further Pressure On NPLs Will Put Smaller Banks At Risk – CBN |

    April 6, 2017 2:45 AM 19

    The Central Bank of Nigeria (CBN) in its Financial Stability Report released yesterday, said a change in the status of loans of the largest obligors from performing to lost would lead to a fall in the Capital Adequacy Ratio of small banks. Capital Adequacy Ratio (CAR) is the ratio of a bank’s capital in relation to its risk weighted assets and liabilities

  • Nigeria has not borrowed internationally since 2013 – Kemi Adeosun

    April 5, 2017 6:11 PM 14

    The Finance Minister, Mrs Kemi Adeosun, yesterday spoke live on her Facebook page about few things that has happened within the Ministry and initiatives introduced to boost the Nigerian economy. The essences of the live video on Facebook she said was to unravel the state of the economy to Nigerians who have the right to know about the happenings in the economy

  • Buhari Okays $4.5b Chinese Loan For 36 States, FCT

    April 5, 2017 6:31 AM 20

    President Muhammadu Buhari has directed the Ministry of Finance, Budget and National Planning and the Central Bank of Nigeria (CBN) to complete the processes that will enable 36 states and the Federal Capital Territory (FCT) benefit from a support loan of $4.5 billion to be facilitated by the People’s Bank of China in cooperation with the Chinese government

  • Bureau of Public Service Reforms scores NCC’s institutional work processes high

    April 5, 2017 12:36 AM 19

    Director General of Bureau, Dr. Joe Abah while presenting the report in Abuja, said that the commission has maintained very strong business organizational structure, policies and practices that facilitate efficient service delivery. The Bureau also presented a plaque of honour to the Executive Vice Chairman (EVC) of the NCC, Prof. Umar Danbatta, at the NCC Headquarters

  • NCC awarded best public agency in Nigeria by BPSR

    April 4, 2017 11:56 PM 17

    The Bureau for Public Service Reforms, BPSR, has rated the Nigerian Communications Commission, NCC, as the best public sector in the country. This is the outcome of a sequence of validation assessments of all Federal public sector organisations in Nigeria in which the NCC scored above 90 percent. The Chief Executive Officer of NCC, Umar Garba Danbatta

  • NEITI Tasks FG To Reclaim NNPC Unremitted Funds

    April 4, 2017 10:10 PM 17

    The Nigeria Extractive Industries Transparency Initiative (NEITI), has asked the Federal Government to reclaim accumulated funds disclosed by its independent reports between 2010 and 2014. The report says, only a part of the over $21 billion unremitted funds by the Nigerian National Petroleum corporation (NNPC) and the Nigerian Petroleum Development

  • Again, Multichoice increases DStv, GOtv subscription fees – See NEW rates here

    April 3, 2017 10:34 AM 13

    MultiChoice has on Sunday announced that it would make an upward review of its price by five per cent on all its DStv and GOtv packages from May 1, 2017. As a result of this, Nigerian subscribers on the DStv premium bouquet will pay N14,700 as against N13,980 currently being charged. While GOtv Plus subscribers will have to pay N1,900 instead of the current

  • Nigeria Set To Boost Oil Production As Agip Begins $13.5b Project

    April 3, 2017 6:39 AM 17

    Nigeria is set to boost her daily production of crude oil as the Nigerian Agip Exploration Limited (NAE) begins work on Zabazaba deep water project that is expected to gulp $13.5 billion. The oil giant will begin to receive commercial proposals for the project this month (April). The request for commercial tenders from bidders followed the finalisation