Ibe Kachikwu, minister of state for petroleum resources, says the federal government has generated over $2 billion from the renewal of oil block licences.
The former group managing director the Nigerian National Petroleum Corporation (NNPC) said the funds will be...
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has warned that weak economic fundamentals currently being shown by the Nigerian economy are putting the country’s exit from recession under threat.
Recalls that Nigeria’s economy exited recession in...
Billionaire businessman Femi Otedola has agreed to sell the entirety of his 75 per cent direct and indirect shareholdings in Forte Oil.
In a letter sent to the Nigerian Stock Exchange and signed by Akinleye Olagbende, the general counsel of...
A report by the administrative panel of enquiry set up by the minister of labour and employment has shown that staff of the Nigeria Social Insurance Trust Fund (NSITF) spent N5.7 billion on pay TV subscription and fuel allowance.
Report...
The federal government has announced plans to disburse $322million fund repatriated from the accounts of former Head of State, late General Sani Abacha in Switzerland to Nigerians.
National Coordinator of the Open Government Partnership (OGP), Nigeria and Special Assistant to...
President Muhammadu Buhari on Wednesday signed Nigeria’s 2018 Appropriation Bill into law, seven months after proposing it to the National Assembly.
He had submitted a budget proposal of N8.612 trillion to the federal lawmakers on 7 November, 2017.
However, the legislators...
Oil prices extended their decline from last week on growing expectations that major oil producers may ease their 17-month-old production cuts. A return to the oil production levels that were in place in October 2016, the baseline for the...
Some members of the House of Representatives have threatened to boycott President Muhammadu Buhari’s budget presentation over the recent comment of Udoma Udoma, the minister of budget and national planning.
CKN News had reported earlier that President Buhari will present...
The Federal Government will help the fisheries sector to recover its competitiveness and reduce import, President Muhammadu Buhari has said. To this end, efforts are being made to put the right policies and enabling environment for private sector to...
The Nigerian Stock Exchange (NSE) started the year 2019 on the red side, as the market shed N134 billion on Wednesday.
As at the last trading day of 2018, the market capitalisation stood N11.7207 trillion, only to fall by...
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