Business

The Nigerian National Petroleum Company Limited (NNPCL) has said it noted with dismay a report in a section of the media alleging that it inflated petrol subsidy claims by N3.3...

The Nigeria Deposit Insurance Corporation (NDIC), which liquidated Heritage Bank loan defaulters, will soon publicize their names. Also, the executives and board members found complicit in the bank’s collapse are...

In the wake of the recent revocation of the operating license of Heritage Bank Plc, the Central Bank of Nigeria (CBN) yesterday clarified that there are no plans to withdraw...

The international credit rating agency, Fitch Ratings, has projected that the Nigerian currency, the naira, will end the year at 1,450 to the United States of the American dollar. This...

The naira continued its considerable climb on Monday, 20 May, as it recorded gains at both the official window and the parallel markets. At the official Nigerian Autonomous Foreign Exchange...

As the Monetary Policy Committee (MPC) of CBN meets today, Monday 20 May, to assess the state of the economy following recent consecutive increases in the benchmark lending rate, analysts...

Naira appreciated at N1,380/$1 on the parallel market yesterday, posting a gain of N70 in one day, compared to Thursday’s close of N1,450/$1. On the other hand, the local currency...

Mobile operators in the country's telecommunication including MTN Nigeria and Globacom have asked for Federal Government approval through the Nigerian Communications Commission to raise their tariff. The development came after...

Port Harcourt Refining Company (PHRC) a subsidiary of the Nigerian National Petroleum Company Limited (NNPCL) on Thursday, April 25, signed a share subscription agreement with African Refinery for the colocation...

The aviation industry stakeholders have stated that Nigerian airlines lose about N4 billion in revenue annually due to the inability to operate flights longer than standard hours. They identified the...