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Niger, Benin Repulic pay Nigeria $64.6bn for power supply
The federal government of Nigeria said it has recovered the sum of $64.630, 065 billion from Niger and Benin republic as part payment for...

Nigeria’s external reserves will hit $40bn in 2018 – Emefiele
Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has predicted that the nation’s external reserves will hit $40bn in 2018....

NDIC speaks on Nigerians’ investment in bitcoins
Nigeria Deposit Insurance Corporation (NDIC) ​has​ warned ​Nigerians ​against ​investing in digital currencies, especially Bitcoins​. It...

We will deliver affordable digital entertainment to every Nigerian home – StarTimes boss
On Wednesday, November 1, StarTimes officially commenced its much anticipated daily subscription plan tagged pay per day. In a brief chat...

Oando Plc Lagos Midstream Jetty: NNPC pledges support for indigenous participation in oil sector
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru has pledged to deepen support to...

PENGASSAN warns FG against selling oil and gas assets to fund 2018 budget
Oil workers, under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), have warned the Federal...

CBN injects $195m into forex market
The Central Bank of Nigeria has injected another $195m into the inter-bank foreign exchange market to ensure forex liquidity. The...

Development Bank of Nigeria backs sustained support to micro, small, medium enterprises
The Development Bank of Nigeria (DBN) has called for a sustained support and improved access to finance for Micro, Small and Medium...

Oando Plc conceives Lagos Midstream Jetty, to save Nigeria $50million annually
Across Africa, the Public Private Partnership (PPP) model has become increasingly critical as both a funding and operational mechanism...

More Nigerians to have easy access to credit facilities – Osinbajo
Vice President Yemi Osinbajo, has said the Federal Government was committed to ensuring that more Nigerians have easy access to financial...

Oando posts strong results for Q3: N7.1bn profit, N21bn net debt reduction
With an end to Nigeria’s worst recession in two decades buoyed by improved performance of oil, agriculture, manufacturing and trade...

Diamond Bank grows profit by 71 per cent in 9 months
Diamond Bank Plc, on Monday, laid its Q3 2017 financial scorecard on the floor of the Nigerian Stock Exchange (NSE), displaying moderate...

IMF forecasts 3.4 percent economic growth for sub-Saharan Africa in 2018
Economic growth is expected to rise to 3.4 per cent in sub-Saharan Africa in 2018 from 2.6 per cent in 2017, the IMF said in a report on...

Nigeria’s inflation rate expected to drop to single digit in mid-2018 – Emefiele
Nigeria’s Central Bank Governor Godwin Emefiele said on Friday he expected inflation rate to fall at a faster pace and hit high single...

Oando fights back, obtains court order against SEC
In a decisive response to the technical suspension of the trading of its shares and proposed forensic audit of the company’s affairs,...

FAAC: FG, states, LGs share N558bn for September
The Federation Account Allocation Committee (FAAC) Tuesday shared N558 billion to the three arms of government as revenue for the month...

Nigerian Senate probes Etisalat over $1.2bn loan
The Senate on Tuesday mandated four of its standing committees to investigate the management and utilization of the $1.2billion loan...

Oando declared false financial statements, unrealised profits – SEC
The Securities and Exchange Commission (SEC) has accused the management of Oando Plc of declaring false financial statements and...

Naira loses strength against dollar
The naira ​on Monday depreciated marginally to N360.13 per dollar in the Nigeria Autonomous Foreign Exchange Window (NAFEX)​. The local...
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