Electricity generation companies currently owe Deposit Money Banks a total of N356bn, while the power sector lost over N500bn revenue in 2016 alone.

Workers of the Federal Airports Authority of Nigeria (FAAN) are currently protesting at the Muritala Muhammed Airport, Lagos.

Africa’s richest man and Nigeria’s indisputable business leader Aliko Dangote has told a packed room in New York that he is hoping that oil prices will remain low to wean Nigeria away from its dependence.

Officials of the Nigerian Government have assured U.S. investors of the favourable investment climate, promising the highest returns on investments, more than anywhere else in the world.

The Minister of Agriculture and Rural Development, Chief Audu. Ogbeh, says the ministry is working with the Nigeria Security and Defense Corps (NSCDC) to ensure that quality seeds are supplied to farmers by authorised seed dealers.

Data from the National Bureau of Statistics (NBS) has shown that inflation has experienced the seventh decline since January 2017.

Vice President Yemi Osinbajo has restated President Muhammadu Buhari’s resolve to implement a new development agenda for the Niger Delta, according to reports. Professor Osinbajo said this when a group of investors visited him at the Presidential Villa, Abuja.

Oil prices were lower on Friday but on course for weekly gains, the third in a row in the case of Brent as the clean-up after hurricane in the United States gathers pace and the outlook for demand rise.

The Central Bank of Nigeria (CBN) has threatened to sanction any Deposit Money Bank (DMB) in breach of its earlier directive to open teller points for retail forex transactions and to have electronic display boards in all their branches, showing rates of all trading currencies. Meanwhile, the naira, yesterday appreciated to N359.06 per dollar in the Investors and Exports (I&E) Foreign Exchange, forex Window.

Treasury bills worth to sell 917.14 billion naira would be offered for sale between Sept. 14 and Nov. 30, data from the Central Bank of Nigeria has revealed. The apex bank debt calendar for the fourth quarter showed this development earlier in the week.