Militant attacks: Nigeria loses N100bn in 13 days
The huge decline in crude oil production largely occasioned by militant attacks in the Niger Delta has caused the country to lose at least...
Dangote disburses N400m to Lagos women
To cushion the effect of the current economic downturn, the Dangote Foundation on Thursday commenced the disbursement of N400m micro grant to 40,000 indigent...
Stocks sustain upward trend with N212b gain
Yesterday was another bullish day for stock investors as equity trading on the floor of the Nigerian Stock Exchange (NSE) yielded N212 billion profit,...
National Carrier’ll Enhance Competition In Aviation Sector- FG
Federal government has said the proposed establishment of a national carrier was to enhance competition in the nation’s aviation sector.
The Minister of State, Aviation, Senator...
Experts Offer Solution To Recession As Oil Rises Above $50/barrel
For the first time in over six months oil price rose to $50 per barrel yesterday. Brent crude moved up to $50.19 during morning...
We Can’t Guarantee Full Budget Implementation —Finance minister
The Minister of Finance, Mrs. Kemi Adeosun, said has that there was no guarantee that the Federal Government would implement the 2016 budget in...
DisCos Sign $9m Power Africa Agreement With USAID
The U.S. Agency for International Development (USAID) and three Electricity Distribution Companies (DisCos) have jointly signed a nine million-dollar power agreement aimed at enhancing...
Dangote Contributes 53% Of Govt Revenues From Mineral Sector – NEITI
An Agency of the federal government, the Nigeria Extractive Industries Transparency Initiative (NEITI), has revealed that Dangote Industries Limited generates more mineral resource revenue...
New Forex Policy: NSE Gains N354bn, Naira Stable
The Nigerian Stock Exchange All-Share Index on Wednesday posted the biggest return since the beginning of this year, as investors reacted positively to the...
Cowry Asset, Vetival Say Flexible Exchange Rate Policy Will Stabilise Naira
Two financial houses have lauded the flexible exchange rate policy adopted by the CBN, saying it would boost forex liquidity and stabilise the Naira.
In...
FG Confirms Six States Hit By ‘Tomato Ebola’
...Ogbeh: Nigeria spends N80bn on importation of tomato paste yearly
The federal government on Tuesday confirmed the six states hit by a pest called the...
Pipeline Bombing: Nigeria’s Oil Export Dips Further By 21,000bpd
Nigeria is currently losing an additional $1.017 million (about N203.45 million daily) as the country’s crude oil export dipped further by 21,000 barrels per...
Nigerian Develops Model To Boost Fuel Supply
A NIGERIAN Petroleum Engineer, Mr. Chinedu Onyeizu, has developed a three node policy and a technology-based model aimed at addressing the challenges of fuel...
NNPC Didn’t Remit N1.1tn In 2013 – NEITI
...Corporation got $12.9bn from NLNG, remitted nothing
The Nigeria Extractive Industries Transparency Initiative has accused the Nigerian National Petroleum Corporation of not remitting $3.8bn (about...
Nigeria To End Fuel Importation In 2019- Kachikwu
Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said the Federal Government was targeting 2019 to end fuel importation in the country.
Kachikwu disclosed...
MPC May Review Exchange Rate Policy
The Central Bank of Nigeria’s Monetary Policy Committee will likely review the naira exchange rate regime by adopting a more flexible and market-determined rate...
Kaduna Refinery Shut Down Over Non-supply Of Crude Oil
The Kaduna Refining and Petrochemical Company (KRPC) has stop production following renewed activities of Niger Delta militants.
Leadership gathered that the Kaduna refinery stopped production last...
Navy Delivers 2 Seized Boats Laden With Rice To Customs
The Eastern Command of the Nigeria Customs Service (NCS) said the Nigerian Navy had assisted in intercepting two boats laden with smuggled rice in...
Ghana Plans 56,000 Solar Systems, 2mn Solar Lanterns By 2030
Ghana plans to install a total of 56,000 solar systems, two million solar lanterns and 200 mini-grids in pursuance with achieving the global target...
Seme Customs Command Generates N3.2bn
The Seme Command of the Nigeria Customs Service (NCS) said it has generated N3.2 billion as revenue between January and April.
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