The Federal Government says it looses $10billion (N1.7trillion) annually to fraudulent practices in the award of contracts and project reviews. The Director-General Bureau of Public Procurement,...
President/Chief Executive, Dangote Industries Ltd, Aliko Dangote has been ranked among the World’s most powerful 72 people by Forbes Magazine. The continent’s foremost billionaire is listed...
With the incorporation of ARCO Group Plc Arco Petrochemical Engineering Company will now formally cease to exist. The newly incorporated Arco Maintenance and Engineering Ltd (AMEL)...
The Pension Fund Operators Association of Nigeria, PenOp, says it is set to launch its Electronic Pension Contribution Collection system, EPCOS, from 1st of January 2015...
The Federal Government’s Transformation Agenda for the economy has attracted $59.6 billion foreign direct investments (fdi) into the country from all over the world since 2011-2014....
Of the 59 insurance companies operating in the country, only about a dozen are complying with laid down rules and regulations that have excluded them from...
Nigeria’s foreign reserve currently stands at $38 billion, the Coordinating Minister for the Economy and Minister for Finance, Dr. Ngozi Okonjo-Iweala, has disclosed. Speaking at the...
An expert witness, Dr Tunji Adejumo, on Tuesday claimed that a 14-storey building being constructed by the Standard Chartered Bank in Victoria Island, Lagos, violated Nigeria’s...
The market indices of the Nigerian Stock Exchange (NSE) on Tuesday dropped further by 1.6 per cent due to profit-taking embarked upon by investors. The All-Share...
The Nigeria Deposit Insurance Corporation (NDIC) said that total deposits of commercial banks stood at N17.16 trillion as at September 2014. The NDIC Managing Director, Alhaji...
The Managing Director, Infrastructure Bank Plc., Mr Abdulrasak Oyinloye, has urged the Federal Government to invest the pension fund into financing sustainable infrastructure in the country....
The Central Bank of Nigeria will tomorrow unveil a secial N100 note to commemorate the Marion’s centenary celebrations. In statement issued by the Director, Corporate Communications,...
The Managing Director/CEO, Peugeot Automobile Nigeria, PAN, Mr. Ibrahim Boyi, yesterday, said, given Nigeria’s level of development, wholesale trade liberalization policies, that damage local production is...
The Central Bank of Nigeria (CBN) has commenced investigation of two banks for foreign exchange malpractices. The two Ter 2 banks are being investigated for unbridled...
Operators in the Nigerian technology ecosystem have decried the dearth of opportunity for early stage investment for tech start-ups planning to break into e-commerce. Tech start-ups...