Shola Shittu

Currency-in-circulation Rises to N1.794 Trillion

The value of currency-in-circulation increased year-on-year to N1.794 trillion at the end of September 2016, compared with the N1.679 trillion it was at the end of August 2016. This was compiled from latest money and credit statistics posted on the...

Chinese Firms Plan $1bn Investment in Nigeria

Vice President Yemi Osinbajo said yesterday that the federal government was promoting manufacturing and local production and would continue to actively pursue plans for production of goods in the country. Speaking when he received a delegation from Innoson Group and...

FG wants NIPOST to offer banking services

The Minister of Communications, Adebayo Shittu, says the ministry has submitted a proposal to President Muhammadu Buhari for the establishment of the NIPOST Bank to serve the interest of people in the rural areas. He said over 1,500 postal agencies...

Fuel imports’ll reduce by 60% in 2018 – Kachikwu

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that the reforms embarked upon by the government are targeted at cutting petroleum products’ importation by at least 60 per cent by 2018 and thereafter position the...

Nigeria Needs N222bn to Conduct 2018 National Census

  The National Population Commission (NPC) monday in Abuja said Nigeria needs about N222 billion in order to conduct a thorough and efficient national census in 2018, two years after the due date. The national census exercise was due this year,...

FAAC Disbursements Slump by 30% in First Half of 2016

The total allocation from Federation Account Allocation Committee (FAAC) to the three tiers of government decreased by 30 per cent to N2.01 trillion in the first half of 2016, compared with the N2.89 trillion recorded in the first half...
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