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Despite some recovery in headline Gross Domestic Product (GDP) to 6.28 per cent and decline in inflation, analysts have issued fresh warnings that the so-called growth in the nation’s economy is rooted precariously on shaky fundamentals that coul...
Following its plans to increase the value of coins, the Central bank of Nigeria (CBN) has revealed plans to introduce coins dispensing Automated Teller Machines (ATMs)in the country. This new strategy, the CBN said would encourage Nigerians imbibe the ...
The Nigerian Civil Aviation Authority (NCAA) yesterday temporarily grounded one of Aero’s B737 planes for re-certification following an aborted takeoff of its Lagos bound flight at the Nnamdi Azikiwe International Airport, Abuja due to a snag (fa...
Following the shutdown of system 2b, a major pipeline that evacuates between nine to 11million litres of fuel from Lagos to Ibadan, Ilorin and the north, due to serious vandalism by oil thieves a few weeks ago, the Nigerian National Petroleum Corporati...
The fracas between the Federal Airports Authority of Nigeria (FAAN) and licenced customs agents and freight forwarders yesterday took another turn as Aviation Security officers (AVSEC) and the Police yesterday barred clearing agents and freight forward...
The National Bureau of Statistics (NBS) has said that the opinion of the few respondents on its data portal cannot be equated to the position of all Nigerians on the issue of the planned introduction of N5,000 notes. The NBS also said it was incorrect ...
The value of the naira continued to run southward as it fell against the United States dollar at the interbank market yesterday, on strong dollar demand. Demand had outpaced thin supply from an oil company and some offshore investors in local debt, wit...
Transactions on the Nigerian Stock Exchange closed in the green zone to what some market watchers attributed to investors’ renewed confidence in the local bourse following expectations that the appointed market makers billed to commence operation...
Ecobank Transnational Incorporated has appointed four new members on its board of directors, a release from its headquarters in Lome said. The release by the bank's head of public affairs, Mr Nabi Ouedraogo, was made available to the News agency of...
Nigeria’s monthly revenue dropped to N564.8 billion in August from N825.3 billion in July, the Accountant-General of the Federation, Mr Jonah Otunla, said in Abuja on Friday. Otunla gave the figures to reporters at the end of the monthly Federati...
Weekly transactions on the Nigerian Stock Exchange (NSE) ended positively on Friday as the All-Share Index grew by 188.71 points or 0.75 per cent to close at 25,337.18. The News Agency of Nigeria (NAN) reports that this was against the 25,1...
The Naira remained stable against major currencies at the official and black markets on Friday, the News Agency of Nigeria (NAN) reports. The currency remained at N155.28 to the dollar at the official segment on Friday. It has been at that rate since M...
Dr Solomon Nyagba, the President of the Abuja Chamber of Commerce, Industry, Mines and Agriculture (ABUCCIMA), said the 7th Abuja International Trade Fair would gulp about N30 billion. Nyagba, who gave the figure at a press conference in Abuja on Wedne...
The World Bank is to inject 400 million dollars into irrigation development projects in Nigeria over the next four years, Mr Acheim Fock, Task Team Leader, World Bank Irrigation Project, has said. Fock told the News Agency of Nigeria (NAN) on Wednesday...
Cumulative worth of shares on the Nigerian Stock Exchange (NSE) appreciated on Wednesday after two days of downward trend. The News Agency of Nigeria (NAN) reports that the spring back was due to huge price gains recorded by some major blue chips. ...