Minister of Works, David Umahi, says the project that led to the disbursement of N9.3bn to a Microfinance Bank by the ministry of Works was not awarded when he assumed…
The Fiscal Responsibility Commission (FRC) is set to begin physical verification of selected Federal Government capital projects valued at N2.9 trillion across the six geo-political zones of the country. According…
A former Minister of Foreign Affairs, Geoffrey Onyeama, has closed his case against Ms Lilian Onoh, a former Nigerian ambassador to Jamaica and Namibia, over allegations bordering on defamation. According…
FCMB Records Triple Earnings Growth in 2023 Nigeria’s top financial boutique, FCMB Plc posted triple earnings growth in the financial year 2023, according to the group’s unaudited financial statement submitted…
Gov. Bassey Otu Inaugurates N2.5bn Medical Facility in Obubra Gov. Bassey Otu of Cross River on Friday inaugurated a N2.5 billion medical facility built by Jennifer Etuh Foundation in Ochon,…
Sell Pressures on Nigeria Eurobonds Drive Yield Surge Benchmark yield Nigeria’s sovereign US dollar bonds trading at the international market inched higher as a result of risk-off sentiments in the…
China to Increase Imports in 2024, Says Commerce Minister China plans to increase imports this year to share the business opportunities arising from its ultra-large market with the world, Commerce…
Guinness Nigeria Posts N5.2bn Loss as FX Reform Damages Earnings Guinness Nigeria Plc has posted N5.23 billion as a loss after tax due to a strong spike in net finance…
T-Bills Yield Steadies as Money Market Liquidity Sinks The average yield on Nigerian Treasury bills (NTB) steadied at about 6.5% in the secondary market after provoked selloffs driven by uncertainties…
FG to Evacuate Dormant 30MW in Kashimbilla Hydropower Plant The Federal Government (FG) says plans are on to evacuate the dormant 30 Megawatts (MW) in the Kashimbilla hydropower plant to…