The Department of Petroleum Resources has revoked six oil block licences due to “legacy debts”, according to a public notice on Thursday. The move by…
Non-performing loans in the banking sector stood at ₦1.676 trillion as of the end of March 2019, with ₦15.480 trillion recorded as gross loans. ₦13.739…
A steel plant currently under construction in Kagorko, Kaduna state is expected to produce 5.4 metric tons of steel daily and generate about 3,500 direct…
The Senate Committee on Petroleum Downstream said the country spent over ₦11 trillion as payment for outstanding subsidy claims in the last six years. The…
Nigeria’s president, Muhammadu Buhari, has been sworn in for a second four-year term. The low-key swearing-in ceremony held Wednesday in Abuja as governors are being…
President Muhammadu Buhari has signed the country’s ₦8.9 trillion ($29 billion) budget for 2019 into law. The budget approved by lawmakers last month is based…
The House of Representatives has passed the Petroleum Industry Governance Bill after considering President Muhammadu Buhari’s concerns. The House of Representatives passed the Bill after…
The investment of Chinese companies in Nigeria’s economy has increased to $20 billion, according to the President, China Chambers of Commerce in Nigeria (CCCN), Ye…
Nigeria’s minister of industry, trade and investment, Okechukwu Enelamah, said the country will sign to join the Africa Continental Free Trade after President Muhammadu Buhari…
Daily Watch – Insurance capital base shoots up, Nigeria gets 30 years to repay $350m World Bank loan
The monetary policy committee of the CBN has kept the monetary policy rate at 13.5 percent. Nine members voted to hold the MPR, which measures…
