Business

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Less than six months after it slashed the Monetary Policy Rate (MPR), the Central Bank of Nigeria (CBN) may be on the march again to rejoin the global monetary easing train , probably next month, as the United States’ Federal...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has said that it remained shameful that Nigeria is a net importer of petroleum products. He stated this at the 2019 Nigeria Annual International Conference and Exhibition...
The World Bank on Thursday dropped a bombshell that Nigeria was dying slowly and tragically living on borrowed time due to the perennial neglect of the agricultural sector and relying heavily on crude oil that belongs to yesterday.  This is...
Executive Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, has disclosed that taxes contributed 60 per cent of revenues distributed at the Federation Accounts Allocation Committee (FAAC) in the last three months. Fowler gave the hint when Chairman...
A Judge in the US refused to revive a $1.8 billion arbitration award against Nigeria. Exxon Mobil Corp’s and Royal Dutch Shell Plc had brought the case against the NNPC. The NNPC expressed delight over the judgement saying the case lacked...
The Comptroller General of the Nigeria Immigration Service, Muhammad Babandede, has said the enhanced e-passport is acceptable and valid for entering all countries. He gave the reassurance in a statement by NIS Public Relations Officer, Mr Sunday James, in Abuja...
The Nigerian Stock Exchange market capitalization on Wednesday shed N130 billion in about six hours of trading. Specifically, the market capitalization which opened at N13.420 trillion lost N130 billion or 0.97 per cent to close at N13.290 trillion. In the same...
Nigerian woman Chinelo Anohu has been appointed to head and senior director of Africa Investment Forum by African Development Bank Group. Anohu's appointment takes effect from September 1, 2019. The new head of African Investment Forum had served as director-general of...
The police on Wednesday arraigned four men in an Ikeja Magistrates’ Court in Lagos, for allegedly swindling Jumia International of N14.9 million. The police charged Fatai Lasisi, 30; Saheed Adebayo, 39; Olusegun Oladosu, 29 and Gbolahan Akinyetan, 28, with conspiracy,...
• Experts caution against subsidy, overdependence on oil The nation’s Gross Domestic Product (GDP) lost steam in the second quarter (Q2) of 2019, against expectations and assurances of improved numbers based on acclaimed investments in the economy by the government.Year-on-year,...

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