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Business

Students back Buhari's request for emergency powers

24 August 2016, 12:06

The National Association of Nigerian Students (NANS) has expressed support to President Muhammadu Buhari’s Emergency Economic Stabilization Bill, granting him emergency powers to push his planned revival of the economy.

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CBN bars 9 banks from forex market

24 August 2016, 12:11

Nine deposit money banks have been barred from the foreign exchange market for allegedly hiding over $2 billion belonging to NNPC from the Treasury Single Account (TSA).

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Restructuring not solution to Nigeria problems - Ndume

24 August 2016, 07:50

Senate leader, Ali Ndume has warned agitators of the restructuring of Nigeria to be careful of what they wished for while saying that good governance instead of restructuring was the solution to strengthening the economy.

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Africa's billionaires see decline in fortunes

22 August 2016, 13:40

Africa has 41 of the world's 2 473 billionaires who between them hold $98bn of a total of $7.7trn in assets, down from $115bn in 2014, according to a survey.

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Army, NSCDC uncover illegal oil well at Winners Church

22 August 2016, 12:37

The Nigerian Army and officers of the Nigeria Security and Civil Defence Corps, NSCDC has uncovered another illegal oil well in Lagos State.

Avengers: MEND blasts Clark, others

22 August 2016, 14:36

The Movement for the Emancipation of Niger Delta (MEND) has criticised the Chief Edwin Clark-led group of elders for not condemning the activities of the Niger Diger Delta Avengers (NDA).

US Africa envoy to meet Nigeria leaders

22 August 2016, 09:27

United States Assistant Secretary of State for African Affairs, Linda Thomas-Greenfield, will later this week meet religious leaders, captain of industry and commerce in Lagos.

Strike action against MTN 'imminent', warns union

12 August 2016, 13:09

The Communication Workers Union has hit out at MTN's outsourcing move and threatened that strike action is imminent.

Buhari is planning to break up Nigeria, Fani-Kayode alleges

12 August 2016, 13:19

Former Minister of Aviation, Femi Fani-Kayode, has alleged that President Muhammadu Buhari plans to break up Nigeria if crude oil is found in the north.

Nigeria airline industry flying low

12 August 2016, 12:42

The national accounts provided by the National Bureau of Statistics (NBS) indicate air transport contributed 8 percent to transportation in the first quarter of the year and grew by only 2,2 percent year-on-year in the same period.

EFCC encourages scholars to fight corruption

12 August 2016, 09:49

The Economic and Financial Crimes Commission (EFCC) has called on Nigerian students to buy support the war against such crimes in the country.

Buhari states Nigeria suddenly a poor country

11 August 2016, 18:59

President Muhammadu Buhari has stated that Nigeria has suddenly become a poor country as a result of the drop in price of oil.

EFCC can't probe me over budget padding, says Dogara

12 August 2016, 08:05

Embattled Speaker of the House of Representatives, Yakubu Dogara, has claimed that the Economic and Financial Crimes Commission (EFCC) cannot investigate him over allegations of budget padding due to immunity accorded to him.

Naira improving but remains vulnerable

11 August 2016, 07:42

Rand Merchant Bank, the international think tank, is not reading too much into the improvement of the Naira against the United States currency.

New militant group gives oil firms 48-hour quit notice

10 August 2016, 12:04

A new militant group, Niger Delta Greenland Justice Mandate has threatened to attack oil and gas facilities in the upland of the oil-rich region.

150 courses unaccredited in Nigeria universities

10 August 2016, 15:09

Investigations have revealed that 150 undergraduate academic programmes in Nigeria’s public and private universities are unaccredited.

NNPC dismisses reports on increase in fuel prices

10 August 2016, 13:16

The Nigerian National Petroleum Corporation (NNPC), has dismissed reports that the corporation will soon announce an increase in the pump price of Premium Motor Spirit (PMS).

FG scraps PTA levies

10 August 2016, 14:03

The Ministry of Education has cancelled development and Parents-Teachers Association (PTA) fees in federal government colleges.

Buhari to probe budget padding, constituency projects

08 August 2016, 14:42

The Attorney-General of the Federation and Minister of Justice Abubakar Malami (SAN) said the federal government would “take action” over the budget padding row in the House of Representatives.

Oil workers threaten strike

08 August 2016, 17:16

The National Union of Petroleum and Natural Gas (NUPENG) Workers, have said it will embark on the industrial action if the federal government fails to repair the Calabar-Itu Road and the Ikom-Ogoja road.

Kerosene to now sell at N150/litre - NNPC

08 August 2016, 08:23

The Nigerian National Petroleum Corporation (NNPC) has announced the introduction of a newly-fixed rate for the sale of kerosene across the country.

MTN investors look beyond losses led by Nigeria fine

05 August 2016, 11:56

MTN Group shares gained the most in more than five weeks after Africa’s biggest mobile-phone operator booked the full value of a $1bn fine in Nigeria.

Dangote urges linkages to steer national development

05 August 2016, 22:29

Government and the private sector must continue to collaborate on building structures and other national values as maintain existing structures to stimulate national development.

Nigerian fine, weak rand clobber MTN

04 August 2016, 11:27

Africa’s biggest mobile network by subscribers has warned that its Nigerian fine woes and weak currencies are expected to dent its first-half results.

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