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Osinbajo commissions BUA Group’s $1bn ultramodern cement factory in Okpella, Edo State
BUA Group, one of Nigeria’s largest conglomerate, has unveiled its 1billion dollars Obu Cement factory in Okpella, Edo state at a...

Top Nigerian businessmen receive U.S. eight-member congressional delegation [PHOTOS]
President of Dangote Group, Aliko Dangote, Chairman of Heir Holdings, Tony Elumelu, Stanel Group Chairman, Stanley Uzochukwu, Chairman of...

Ethiopian Airlines submits bid to buy Arik Air
Ethiopian Airlines has submitted a formal offer to acquire Arik Air. Official statistics show that Arik Air lifts half of Nigerian air...

Adeosun reveals how FG contractors evade tax
Nigeria’s Minister of Finance, Kemi Adeosun has accused some contractors of the federal government and their agencies of evading tax....

Naira gains strongly against dollar
In anticipation of Sallah holiday, the Central Bank of Nigeria (CBN) on Thursday raised the total intervention for the week to 547...

Naira moves to N368 per dollar at parallel market
The Nigerian currency, naira, yesterday, appreciated to N368 per dollar at the parallel market. Survey showed that the parallel market...

What Buhari told finance minister, CBN Governor, others
President Muhammadu Buhari has declared that he is glad with the progress being witnessed in all sectors of the Nigerian economy. The...

CBN intervenes in Forex market, injects $250m
The Central Bank of Nigeria (CBN) on Monday injected the sum of $250m in the Inter-Bank Foreign exchange market. In a statement by the...

Naira remains stable at parallel market
The Naira on Monday at the parallel market, exchanged at N367 to a dollar. The Nigerian currency maintained its Friday rate, while the...

Stock Market report for week ended 25th August 2017
A total turnover of 1.538 billion shares worth N24.218 billion in 19,187 deals were traded during the week by investors on the floor of...

Inflation rate drops to 16.05% for sixth consecutive time
The National Bureau of Statistics has released the Consumer Price Index which measures inflation, with the index dropping marginally from...

Naira crashes further against dollar as supply declines
The naira closed at 370 to the United States dollar on Friday, as dollar supply from the Central Bank of Nigeria continued to decline....

CBN reveals how Nigerians can own a new home, pay within 25 years
The Central Bank of Nigeria (CBN) is spearheading a new scheme targeted at providing improved access to housing finance to aspiring...

Kogi now conducive to operate business – Foreign investors tell Gov Bello
The Bangladesh’s High Commissioner to Nigeria, His Excellency, Major General Sharif Kazi Kaikoba, has said, his country has singled Kogi...

NPA: Major shake-up as board redeploys all GMs, scraps zonal structures
The board of the Nigerian Ports Authority (NPA) has approved a new organisational structure. It approved the redeployment of redeployment...

UBA bans pornography transaction with ATM card, lists other restrictions
Nigerian leading commercial bank, United Bank for Africa, UBA, has said that its customers can no longer buy jewellery, bet or have...

Buhari signs new agreement on anti-corruption, tax admin, others
President Muhammadu Buhari Thursday signed nine international agreements that will strengthen the anti-corruption war, stabilize the...

Diamond Bank to train 50 budding Nigerian entrepreneurs
Diamond Bank Plc, a leading advocate for emerging businesses, has set the stage for the selection, training and empowerment of 50...

BoI gives N3.5bn loans to businessmen in Osun
Managing Director of Bank of Industry (BoI), Mr Kayode Pitan on Tuesday said that the bank, in its bid to develop small and medium...
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