• Northern elite  woo CBN boss to join politics Central Bank of Nigeria (CBN) Governor, Mallam Sanusi Lamido Sanusi, has said he is bracing up for public spending “shocks” as the country prepares for the 2015 elections. His disclosure reduces the...

•  IPMAN seeks repair before proposed sale The Bureau of Public Enterprises (BPE) yesterday said it would privatise the four refineries in the country next year. The bureau’s Head, Public Communications, Mr Chigbo Anichebe, told the News Agency of Nigeria (NAN)...

The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said the reduction in oil production and receipts caused the shortfall in the federal allocation to the other tiers of government. The minister debunked the claim...

The total revenue generated by the federal government in the third quarter of 2013 stood at N2.716 trillion, a report by the Central Bank of Nigeria (CBN) has shown. The central bank’s economic report for the third quarter of the...

The Senate yesterday constituted a six-man conference committee to harmonise the controversial 2014 budget oil benchmark. Senate President, David Mark, named Chairman, Senate Committee on Finance, Senator Ahmed Makarfi, as Chairman of the new committee. Others members are Senators Ita Enang,...

FBN held its 3rd annual investor conference in Lagos Analysts at FBN capital say they expect a modest multiple expansion in equities in Nigeria in 2014. They said this while presenting the 2014 economic forecasts at the 3rd annual investor conference in...