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Tuesday, July 25, 2017

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...
NNPC

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...
dollars

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...

Budget Deficit Undermines Investors’ Confidence – SEC

The Director General of the Securities and Exchange Commission, Mounir Gwarzo, has said large budget deficits can affect stock prices and undermine investor confidence. Speaking...

Jaiz Bank Lists N29.4bn on Stock Market

Jaiz Bank has added N36 billion to the total market capitalisation of the Nigerian Stock Exchange ( NSE) following the official listing of its...

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