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Tuesday, July 23, 2019
Dr-Maikanti-Baru-NNPC

Attacks: Nigeria Loses N53bn Oil Revenue in Three Months

The drop in Nigeria’s crude oil revenue in the first quarter of 2016, put at N53.72bn, is higher than the total amount the nation...

Transport Minister Accuses Customs of Frustrating Port Operations

The Minister of Transportation, Rotimi Amaechi, has said the failure of the Nigeria Customs Service (NCS) to connect to the National Single Window, a...

NDIC Decries Rise In Non-Performing Insider- Related Loans, Calls For Stiffer Sanctions

The Managing Director/Chief Executive of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim has expressed concern over the increasing wave of non-performing insider loans...
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NEXIM Bank Pushes for Improved Trade at UNCTAD 2016

The acting Managing Director and CEO, Nigerian Export-Import Bank (NEXIM Bank), Mr. Bashir Wali, has said efficient trade regulation, within the framework of regional...

FG Opposes Electricity Tariff Reversal, Backs NERC

The Federal Government has opposed the court ruling that mandated it and the Nigerian Electricity Regulatory Commission to reverse the 45 per cent increase in...

FG to Start International Borrowing in Q3 – Adeosun

The Federal Government will start borrowing abroad in the third quarter, the Minister of Finance, Mrs. Kemi Adeosun, has said. This is coming barely one...

Poor Packaging Affecting Export Products – NEPC

The Nigerian Export Promotion Council has said that poor packaging and labelling of goods produced in the country is adversely affecting the export of...

FG Fixes Charges for Abuja-Kaduna Rail Service

The Federal Government is set to inaugurate the completed Abuja-Kaduna rail project and has fixed the boarding fees for passengers who intend to use...
Dr-Maikanti-Baru-NNPC

Pipeline Vandalism: NNPC lost N51.3bn in 2015

The Group Managing Director, Nigerian National Petroleum Corporation, Dr. Maikanti Baru, declared that the 2016 national budget was grossly impacted by the vandalism of...
Kemi Adeosun Finance Minister

Experts Urge More Spending as FG says Economy in Recession

The Federal Government has said the country’s economy was technically in a recession. The Minister of Finance, Mrs. Kemi Adeosun, who appeared before the Senate, said...

Airlines May Scale Down Operations Over Fuel Scarcity

As the scarcity of aviation fuel persists, domestic airlines in the country have said that they may be forced to scale down their operations...

Recall Sacked Workers, FG Tells Oil Firms

The Federal Government has asked oil majors, which recently sacked some of their workers, to recall the affected employees. In order to retain jobs in...

FG Issues Guidelines on Wood Exports

The Federal Government has issued guidelines on the felling of trees and exportation of wood. The Director of Forestry, Federal Ministry of Environment, Phillip Bankole,...

World Bank Approves N1.55b for Fadama III Project in Bauchi

The World Bank has approved the disbursement of N1.55 billion to Bauchi FADAMA III Project for execution of two agriculture programmes during the 2016...

FG Moves to Restructure NIMASA

The Federal Government has said it will restructure the Nigerian Maritime Administration and Safety Agency(NIMASA) in order to enable it perform optimally and bring...

Private Refineries: Stakeholders Seek Better Incentives for Investors

Stakeholders in the oil and gas industry have said that incentives for private refineries in the country will go a long way to boosting...
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NNPC to Set up Renewable Energy Plant in Benue

The Nigeria National Petroleum Corporation (NNPC) says plans are underway to set up an energy renewable plant that will use agro products to generate...

Abuja Technology Village Will be a Reality – MIN

As part of the measures put in place by the FCT Administration to provide massive employment for the residents and enhance economic activities in...

110m People Have no Business Being Poor in Nigeria, say NEITI Boss

The Executive Secretary, Nigerian Extractive Industries Transparency Initiative (NEITI), Mr. Waziri Adio has said that there was no reason for Nigeria to have 110...

Nigeria’s Economy May Contract by 1.8% in 2016 – IMF

Nigeria’s economy, the biggest in Africa, is likely to contract by 1.8 per cent this year, the International Monetary Fund has said. The Washington-based lender...