The Ikebiri community in Bayelsa state has dragged Eni, parent company of the Nigerian Agip Oil Company (NAOC) to an Italian court over oil spill liabilities and pollution. Read More…

Uber drivers in Lagos yesterday took to the street to protest against 40 per cent fare reduction that the taxi service company introduced recently, a burden, which they claim is being passed on to the drivers. Read More…

Chairman of the Board of Directors of FirstBank Holdings of  Nigeria Limited, Mrs. Ibukun Awosika, who is also a renowned entrepreneur in this interview with Ayo Arowolo, Obinna Chima, Nume Ekeghe and Ugochukwu Aliogo, spoke about the strategic role the bank has been playing in Nigeria’s economic development as well as in some African countries. Read More…

Central Bank of Nigeria (CBN) has explained that the ban it placed on 41 items that are not eligible for foreign exchange is still in place as the policy has not been reversed. Read More…

The long wait for the passage of the 2017 budget may soon be over as the Senate has promised that will endorse it next week. Read More…

South African telecommunications firm, MTN has explained the rationale behind the disengagement of some of its employees in Nigeria.

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The Central Bank of Nigeria (CBN) on Thursday said it had offered 100 million dollars to authorised dealers as its intervention to stabilise the foreign exchange market. Read More…

The five per cent banks contributions from their profit after tax, tagged Agriculture/SMEs Fund (AGSMEs Fund) has taken off. Read More…

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, yesterday assured Nigerians that the country would get out of economic recession latest by the end of June this year based on emerging positive economic indicators to that effect. Read More…

The Akwa Ibom State government has dragged an oil servicing firm operating in the state, Globestar Engineering Company (Nigeria) Limited, to the state’s revenue court over its failure to remit over N65 billion in Pay As You Earn (PAYE) tax liabilities covering a period 10 years Read More…

MTN Nigeria has told its subscribers not to pay more than the amount printed on any of their recharge cards. Read More…

The naira sustained its momentum on the parallel market yesterday, appreciating significantly by N20 in one day to close at N380 to the dollar, stronger than N400 to the greenback at the close of trading the day before. Read More…

The Federal Government’s bid to raise N5 trillion revenue is under threat as an Abuja Federal High Court yesterday stopped the Nigerian Postal Services NIPOST, from further collecting N50 on stamp duty. Read More…

Owing to the fall in the naira, which forced banks to violate foreign currency loan limits, the Central Bank of Nigeria (CBN) has extended the guideline to accommodate more borrowings. Read More…

The Nigerian Stock Exchange (NSE) has announced failure by 11 listed firms to meet up with the deadline of filing their Audited Financial Statements (AFS) for the year ended December 31, 2016. Read More…

The Nigeria National Petroleum Corporation (NNPC) has reduced its trading deficit to ₦14.26 billion by January end, down from ₦17.01billion recorded in December 2016, representing about 16 per cent improvement. Read More…

Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), Mr. Waziri Adio, has said that if unremitted funds of $21.778 billion and N316.074 billion were recovered from the Nigerian National Petroleum Commission (NNPC), and its upstream establishment, the Nigerian Petroleum Development Company (NPDC), Nigeria could exit its current economic crisis. Read More…