The Economic and Financial Crimes Commission has charged a former Head of Service of the Federation, Mr. Stephen Oronsaye, and others to court for alleged fraud and money laundering offences... Read more
President Muhammadu Buhari has instructed the state-run oil company to review agreements behind a programme to swap crude for refined products, his spokesman said on Monday. Nigeria’s... Read more
A comprehensive report by a federal and Lagos State governments technical committee has mapped out strategies to put an end to the intractable crises of traffic congestion, security threat a... Read more
Public sector funds inflow to the financial system is expected at about N941 billion this month, a massive N265 billion or 22 per cent decline from the figure of N1.21 trillion actual... Read more
Nigeria’s interbank lending rate doubled to 10 percent on Friday as the central bank mopped up cash to curb speculation in the naira, traders said. They said the government has injecte... Read more
An explosion on a damaged oil pipe line belonging Eni has led to the death of over ten people. The explosion occured as the damaged portion of the oil pipe line was being put in order... Read more
The Nigerian government’s ambitions for improving electricity supplies are “not remotely realistic”, a report by experts advising the presidency says, an early blow to one... Read more
Lafarge Africa said on Friday it has applied to Nigeria’s energy regulator for a licence to generate 260 megawatts of electricity to supply to the country’s grid. Nigerian Electr... Read more
Microsoft CEO Satya Nadella is swinging the axe again at the software giant. Up to 7,800 people will be laid off globally, the company announced Wednesday morning. Most of the jobs are withi... Read more
Commercial flights resumed into the northeast Nigerian city of Maiduguri on Friday, nearly 18 months after the airport was shut in the wake of a daring Boko Haram raid. A Med-View Airline fl... Read more