Godwin Emefiele

Economic diversification: CBN will invest to create jobs, wealth — Emefiele

Mr. Godwin Emefiele, the governor, Central Bank of Nigeria (CBN), has assured genuine investors of cooperation and support toward self-sufficiency in local production of...

IGI gets NAICOM’s approval to restructure assets

The Industrial And General Insurance Plc (IGI) on Sunday said that the National Insurance Commission (NAICOM) had approved plans to convert part of its...

Microcred Community Bank diversifies into insurance, targets N4bn

Microcred Community Bank has diversified into micro-insurance services barely three months after securing licence from the CBN to offer its services nationwide. The company says...
Kemi Adeosun

Nigeria considers selling Chinese Panda bonds

The Federal Government is considering selling Chinese Panda bonds to help finance the 2016 budget, Kemi Adeosun, finance minister, said on Saturday. The OPEC member...

FG urges NLC not to go on strike over electricity tariff

The Federal Government has called on the Nigeria Labour Congress (NLC) not to go on its proposed warning strike over hike in electricity tariff. Senator...
Buhari

Buhari receives long-awaited details of 2016 budget

President Muhammadu Buhari has finally received details of the 2016 appropriation bill from the National Assembly. The document was delivered to the Presidential Villa by...

Shiroro power to increase generation by 300mw

The Shiroro Hydro Power Station (SHPS) will soon double its operating capacity of 300mw through solar plant. Alhaji Dauda Abdulaziz, Chief Operating Officer, SHPS, disclosed...

Nokia to cut thousands of jobs following Alcatel deal

Telecom network equipment maker Nokia is planning to cut thousands of jobs globally, including 1,400 in Germany and 1,300 in its native Finland, as...

Naira Fix Hurts Businesses, Consumers In The North

At a textile bazaar in northern Nigeria on the edge of the Sahara Desert, temperatures hover near 100 degrees and Abdullahi Abubakar is trying...

‎Electricity crisis worsens as Shiroro, Sapele power plants shut

Nigeria’s electricity crisis worsened on Tuesday as two additional power generating plants were shut down, bringing the total number of plants not generating any...