Reps Direct BPE to Reimburse N341m to Nigerdock The House of Representatives Committee on Privatisation has directed Nigerdock to write to the Bureau of Public Enterprises (BPE) for reimbursement of N341.7 million tax liabilities as well as address other issues. Chairman of the Committee, Ibrahim Makama...

Dangote Refinery to Attract Investors, Generate Foreign Exchange - LCCI The Lagos Chamber of Commerce and Industry (LCCI) says the collaboration between the Federal Government and Dangote Refinery presents Nigeria as an attractive investment destination for local and foreign investors. In a statement on the upcoming...

World Bank Says Nigeria Receives Only 40% of Natural Resources Revenue The World Bank has disclosed that Nigeria and other metals and mineral resource-rich countries in Sub-Saharan Africa can double revenues from natural resources such as minerals, oil, and gas. In a statement announcing the new...

NNPCL Needs Massive Investment to Deliver, Meet Demand, Says Dangote The Nigerian National Petroleum Company Limited needs to roll out massive investments in terms of oil and gas to meet the demand for these commodities, says Africa’s richest man and Chairman, Dangote Group, Aliko Dangote. He...

FEC Approves N129bn for Ogoni Cleanup The Federal Economic Council has approved the sum of N129.8bn for various projects in the Ministry of Niger Delta, particularly the mandate of the United Nations Environment Programme on Ogoni cleanup. Senior Special Assistant to the President on Media and...

Budget Office Warns FG of Imminent Crisis as Debt Rises The Budget Office of the Federation has said Nigeria now has a “limited borrowing space” due to its poor debt-to-revenue ratio, stressing that “trouble” looms for the country if it exceeds its limits. The Director-General of...