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FG to raise 144bn naira T-bills

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FG plans to raise 143.85 billion naira ($722.86 million) worth of Treasury bills with maturities ranging between three months and a year on June...

RPT – Buhari’s Lagos no-show dismays Nigerian business

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At least the taxi drivers of Lagos are happy, even if businessmen in Nigeria's commercial capital are not. A year after becoming president, Muhammadu Buhari...

FX reserves down 2.7% as markets eye rate decision

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Nigeria's forex reserves fell 2.7 percent to $26.56 billion by May 20 from a month earlier, central bank data showed, as analysts awaited a...

Brass River crude under force majeure after pipeline blast – spokesman

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Nigeria's Brass River crude oil stream is under force majeure after a pipeline blast on Sunday evening, an ENI spokesman said on Tuesday. Roughly 21,000...

Senator Melaye weeps in church over evil advisers

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The Chairman, Senate Committee on the Federal Capital Territory (FCT), Otunba Dino Melaye, on Sunday stunned the congregation at the Apostolic Church Nigeria, Oke-Ayo...

Nokia to sack 15,000 workers

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Telecoms equipment maker Nokia is likely to cut about 15,000 jobs globally as part of a cost-cutting scheme, following its acquisition of Franco-American rival...

Gov Amosun admits times are hard for Nigerians

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Governor Ibikunle Amosun of Ogun State, southwest Nigeria has admitted that times are hard for Nigerians due to the present economic situation in the...

We get credit facility from outside investors – IPMAN

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The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it gets credit line from outside investors to access foreign exchange to import petroleum products...

Nigeria to end fuel importation by 2019-Kachikwu

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Dr. Ibe Kachikwu, Minister of State for Petroleum Resources, on Monday said the Federal Government was targeting 2019 to end fuel importation in the...

Tiger Brands posts rise in H1 profit after sale of Nigerian...

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South African consumer goods maker Tiger Brands said on Tuesday first-half earnings rose 14 percent, boosted by the sale of its Nigerian business, but...