Economy Shrank by 1.5% in 2016 – NBS
The National Bureau of Statistics has released the Gross Domestic Product growth rate for the country, with the economy recording a contraction of -1.3...
Oil Production to Hit 2.2m Barrels Budget Benchmark by Q2 – NNPC
The Nigerian National Petroleum Corporation (NNPC) said it hopes to ramp up crude oil production above the country’s budget benchmark of 2.2 million barrels...
Economy Performed Better Than Expected in 2016, Says Presidency
The Special Adviser to the President on Economic Matters, Adeyemi Dipeolu, stated this while reacting to the GDP figures released on Tuesday by the...
OPEC Records 94% Compliance on Output Cut – Barkindo
The Organization of the Petroleum Exporting Countries (OPEC) has achieved a record 94 per cent compliance in the first month of an agreed production...
Oil Output Rises to 2.1 Million Barrels Per Day – NNPC
Nigeria's oil production has risen to 2.1 million barrels a day, the managing director of state oil firm NNPC has said, without giving an...
Domestic Airlines Drop from 150 to Eight
The number of domestic airlines in the country has dropped from 150 to eight in the last 17 years, the Nigerian Civil Aviation Authority...
Aviation Fuel Shoots to N280/Litre
The slide in the value of the naira against the dollars has caused the price of aviation fuel, known as Jet A1, to skyrocket,...
FG Suspends Cattle Transport by Rail
...Why scheme stopped – NIRSAL
The Federal Government has suspended transportation of cattle from the Northern part of the country to the South, Daily Trust...
Mobile Phone Prices Jump by 100%
Prices of mobile phones in Nigeria have jumped by about an average of 100 per cent in the last one year due to skyrocketing...
EU Grants €70m to Boost Primary Health
The National Primary Health Care Development Agency has launched the start of a European Union-funded project to support maternal, newborn and child health, strengthen...
Oil Prices Fall on Concerns Over Iraq, US
Oil prices dipped over concerns that OPEC producers would not be able to maintain their high compliance so far with output cuts aimed at...
Militancy Deprived Nigeria of $100bn in 2016 –Kachikwu
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said the country lost as much as $100bn in revenue last year as...
Malabu Deal: Shell, AGIP Seek Return of Oil Blocs
The Shell Nigeria Exploration and Production Company (SNEPCO) and Nigeria-AGIP Exploration Ltd have asked a Federal High Court in Abuja to set aside an...
TSA: 20,000 Bank Accounts Closed, Accruals Hit N5.244trn
...Systemspecs, FG yet to agree on commission
About N5.244 trillion has accrued to the Treasury Single Account (TSA) of the federal government so far, the...
Adeosun: FG to Expand TSA Coverage
The Minister of Finance, Mrs. Kemi Adeosun on Tuesday said the Federal Government is determined to expand the coverage of the Treasury Single Account...
DisCos Fail to Settle N243bn GenCos’ Debts
The 11 electricity Distribution Companies (DisCos) operating in Nigeria have not settled a debt of N243bn for power supplied by 25 Generating Companies (GenCos)...
‘Domestic Airlines Pay 40% of Ticket Revenue as Tax’
The Airline Operators of Nigeria has said the domestic carriers in the country are being stifled by the manipulation, feasting and pushing of their...
FG Targets N5tn from Asset Sales
The Federal Government is looking at generating as much as $16.4bn (N5tn at N305 to the dollar) through asset sales in the next four...
I’ll Resist Payment When There’s No Electricity – Fashola
The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said he will, like other consumers, be more resistant to payment of electricity...
Arik Needs N10bn to Resume Full Operation –Management
The new management of Arik Air has said it inherited nearly an empty shell of a carrier with only 10 out of the 28...
