ABUJA-The Securities and Exchange Commission has extended the deadline for the re-capitalisation of capital market operators by nine months to September 30, 2015. The commission made...
LAGOS-Nigeria banks advanced over $2.5 billion, about N437.5 billion, to Indigenous companies for the acquisition of the divested assets of Shell Petroleum Development Company, SPDC, and...
ABUJA-The Management of the Nigerian National Petroleum Corporation (NNPC) has raised strong objection to the allegation of fraud against the Corporation by former Head of State...
ABUJA-The banking sector recorded 3,756 fraud cases involving the sum of N21.79bn in the 2013 financial period, the Nigeria Deposit Insurance Corporation has said. The corporation,...
ABUJA-Former Head of State General Yakubu Gowon has commended the Nigerian National Petroleum Corporation (NNPC) for living up to expectation. The elder statesman...
ABUJA-The Central Bank of Nigeria (CBN) in its resolve to sustain stakeholder confidence in the country’s currency has commenced the education of Nigerians on the incorporated...
BY KUNLE KALEJAYE ABUJA-As part of its current campaign to stabilise the naira, the Central Bank of Nigeria over the weekend said it would sanction any...
LAGOS-A Chinese firm, Xiamen XGMA International Trade Company Limited, has entered into partnership with a Nigerian firm, Richbon Group Nigeria Limited, to invest $40 million, about...
ABUJA-The Federal Government says it loses $10billion (N1.7trillion) annually to fraudulent practices in the award of contracts and project reviews. The Director-General Bureau of Public Procurement,...
By Kunle Kalejaye Nigerian Maritime Administration and Safety Agency Agency, NIMASA said it has remitted over N9.7 billion being operating surplus in 2014 alone to the...