Nigeria has none of 400 components needed to manufacture mobile phone...

The Chief Executive Officer, CEO, of Samsung Electronics Africa, Mr. Sung Yoon, on Thursday disclosed that manufacturing a mobile phone required about 400 different...

Banks’ loan to private sector declines by N600.60bn

The total loans granted by Nigerian banks to the private sector declined from N16 trillion in the first quarter of 2017 to N15.34 trillion...

Respite as PENGASSAN suspends strike

The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, on Monday evening suspended its nationwide strike, after an indigenous oil company, Neconde Energy...

NCAA: Three flights delayed every hour by Nigerian airlines in three...

An average of 89 flights were delayed everyday between July and September 2017 by domestic airlines operating in Nigeria, implying that at least three...

Finance ministry likens Bitcoin, crypocurrencies to Ponzi scheme

India’s Finance ministry has drawn the attention of investors to the risks associated with trading in cryptocurrencies such as Bitcoin, warning categorically that digital...

Adeosun opens up on why she suspended SEC boss, Gwarzo

The Minister of Finance, Mrs. Kemi Adeosun, has explained that her decision to suspend the Director-General of the Securities and Exchange Commission, SEC, Mounir...

BUA cries to Buhari for help over ‘sabotage’ by Dangote, Mines...

The Dangote Group has been accused of conniving with top officials of the Ministry of Mines and Steel Development, including using thugs and agents...

FG proposes two fuel prices, wants NNPC, independent marketers to sell...

As a way of solving the lingering fuel scarcity in the country, the Federal Government is considering an arrangement that would see the Nigerian...

Nigeria very close to attaining self-sufficiency in rice production – Lai...

The Minister of Information and Culture, Alhaji Lai Mohammed, says the President Muhammadu Buhari administration has drastically reduced rice importation and has within two...

IMF: Nigeria is still investors’ destination of choice

The International Monetary Fund, IMF, says it has received a large number of eager investors itching to invest in Nigeria, but was quick to...