Shola Shittu

NLNG to raise $15b for Train 7

Nigeria Liquefied Natural Gas Limited (NLNG) plans to raise $15 billion from the International Capital Market to fund its Train 7 project, its Managing Director Tony Attah, has said. The Train 7 investment is capable of generating 18,000 jobs, he...

IMF to Nigeria, others: Remove Subsidies, raise Taxes

Says Eurobonds shouldn’t be main source of financing In order to effectively absorb the impact of their slowest growth in more than two decades, Nigeria and other African exporters of oil and commodities should remove subsidies and boost taxes, the...

Revenue Agencies Stink of Corruption – Adeosun

MINISTER of Finance, Mrs Kemi Adeosun, yesterday, told the Senate that the Federal Government would sustain its over N6trillion national budget in the 2017 appropriation bill, expected to be submitted by President Muhammadu Buhari, after the consideration and subsequent...

Acting AGF tasks States on Quality Reports, Accountability

The Acting Auditor-General for the Federation (AGF), Mrs. Florence Nwadike Anyanwu, has tasked the Supreme Audit Institutions (SAIs), states and federal auditors on delivering quality and exhaustive audit reports, as constitutionally required of them. She said such good jobs would...

Stock market falls by N164bn

The Nigerian Stock Exchange (NSE) yesterday continued for the third day to witness sell pressure, as bargain hunters remained on the sidelines. Consequently, the overall performance measures, NSE ASI and market capitalisation, fell by 1.73 per cent. This was due...

China Fine-tunes Oil Deals with FG

·FEC to consider proposal on payment of cash call arrears ·NNPC: No plan to increase petrol price Nigeria and China on Tuesday began to put finishing touches to the multi-billion dollar oil deals both countries had initiated, and which will see...
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