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Saturday, November 18, 2017

Oil Production Rises By 274,000bpd

Crude oil production in Nigeria has increased by 274,000 barrels per day last month, the biggest increase among its peers in the Organisation of...

Nigeria’s Inflation Rate Now 15.91%

Nigeria’s inflation rate has dropped to 15.91 per cent in October from 15.98 recorded in September. The National Bureau of Statistics (NBS) stated this in...
CBN Governor

Dollars sells at 305/dollar

The Central Bank of Nigeria on Tuesday sold dollars at N306 for the second time, after maintaining a level around 305/dollar on the official...
cbn

CBN Injects More $195m Into Forex

The Central Bank of Nigeria in its commitment to sustaining its foreign exchange (forex) liquidity has injected another $195 million into the interbank forex...
Buhari

Nigeria Makes N212.73bn From Agricultural Exports In 2016

Nigeria realised N212.73 billion from agricultural product exports at the end of the fourth quarter of 2016. The was disclosed in excerpts of a...

Nigeria Needs $35 Billion To Sustain Economic Growth

The Managing Director, Infrastructure Bank, Adekunle Oyinloye, has said that Nigeria needs $35 billion per annum for five years to sustain a robust economic...

Senate Indicts CBN Over MTN’s Alleged $13.9bn Repatriation

The Senate has blamed the Central Bank of Nigeria in its investigation of the alleged illegal repatriation of $13.9bn by the telecommunication giant, MTN. Adopting...

2018 budget: PENGASSAN warns against oil, gas assets’ sale

The Petroleum and Natural Gas Senior Staff Association of Nigeria has cautioned the Federal Government against selling profitable oil and gas assets as scrap...
cbn

CBN’s Anchor Borrowers’ Programme Targets Additional 2m Tonnes From 300,000 Rice Farmers

The Central Bank of Nigeria (CBN) has formed strategic partnerships with agricultural commodity associations in the country in its effort to expand the implementation...

Baru Commissions N54.4bn LMJ in Lagos

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, commissioned the Lagos Midstream Jetty (LMJ) at the Apapa Harbour...

Offshore Tax Havens No Longer Offer Protection – Adeosun.

Finance Minister,  Mrs. Kemi Adeosun, has  advised Nigerians to review existing tax planning schemes, including those in offshore tax havens, in order to take...

SON Discloses Scheme To Curb Product Cloning

The Standards Organisation of Nigeria says it has completed plans to start a product authentication scheme before the end of this year. According to the...

18 Bio-fortified Food Varieties Released In Nigeria

Eighteen bio-fortified varieties comprising six vitamin A cassava, eight vitamin A maize, two orange sweet potato and two iron and zinc sorghum, which are...

800,000 Companies Don’t Pay Taxes

  The Minister of Finance, Mrs. Kemi Adeosun, stated this in an article entitled: ‘All change, Nigeria is not an oil economy’. In the article, which...

China Distributes $30bn Industrialisation Fund To Nigeria, Others

The Peoples Republic of China has disbursed over $30bn in funding support to Nigeria and other African countries to drive its cooperation plans on...

Investment Inflow Into Africa To Reach $75bn – Osinbajo

Vice-President Yemi Osinbajo described the continent of Africa as a land of immense opportunities, noting that Foreign Direct Investment inflow into the region was...

U.K. Investors To Train Agricultural Exporters

Some investors from United Kingdom (U.K.) have made plans to come and train exporters of agricultural produce on the international standard for exporting their...

We Did Not Witdraw $400m Loan To Nigeria – AFDB

African Development Bank (AfDB) has restated its continuous effort to supported the federal government’s economic recovery efforts, denying reports it had cancelled a $400...
dangote

FG, Dangote, Others Sign $1.1bn Pact For 540MW Plant

The Federal Government and the developers of the 540-megawatts Qua Iboe Power Plant signed a Power Purchase Agreement for the development of the $1.1bn...

TCN Explains Power Outage In Some Lagos Communities

The management of Transmission Company of Nigeria (TCN) has attributed the inadequate power supply in some communities in Lagos to upgrading of its transformers...

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