Economic Confidential

Govt spends N634b on kerosene subsidy

The Federal Government spent about N634billion to subsidise kerosene in the last three years, the Chairman, House Committee on Petroleum, Downstream,Dakuku Peterside, has said. Speaking during a seminar organised by the Lagos Chamber of Commerce and Industry (LCCI), in Lagos...

Norway to promote local content in Nigeria’s maritime, oil sector

Norway has entered into a strategic partnership with PEM Offshore to promote local content in the Nigerian maritime and oil and gas sector. Speaking during a visit to the proposed site for the PEM Offshore Simulation and Innovation Center, supported...

Courier Operators Give FG Ultimatum to Reverse License Fees

The 291 registered courier operators in Nigeria have told the federal government to either extend the yearly renewal of their operational fees from one-year to a three-year period, or reverse to the initial fee of N250, 000 per annum. The...

Nigeria Will Meet Food Production Target ­— Akinwumi

The Minister of Agriculture and Rural Development, Dr Akinwumi Adesina, has assured that Nigeria was set to meet its food target by 2015. In a statement made available to LEADERSHIP yesterday, the minister was speaking at the World Food Prize...

PIB bill to pass before 2015- Speaker Tambuwal

The Speaker of the House of Representatives, Aminu Tambuwal, has assured Nigerians that the Petroleum Industry Bill, PIB, would be passed before 2015. Mr. Tanbuwal made this known at the 2013 edition of the Oil Trading and Logistics, OTL, Africa, in Lagos on Tuesday. He...

W’Bank Affirms Nigeria’s Progress in Business Regulation

The World Bank Tuesday said Nigeria was inching closer to the global best practice in business regulations since 2009. A new report by the Bretton Woods institution and its member, the International Finance Corporation (IFC), observed there had been remarkable...
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