...Budget constraint hampering road construction, says Fashola ...FG approves N3.5bn for prisons to buy 350 vehicles The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that Nigeria will soon close the deal on a $3 billion to $4 billion loan from China that...

Nigeria has dropped three places to the 127th position on the latest World Economic Forum’s (WEF) Global Competitiveness Index (GCI) for 2016-2017, out of 138 countries surveyed. The country was previously ranked 124th on the index. At 127th position, Nigeria only performed better than Madagascar, Yemen,...

A total of N168.77bn foreign capital escaped Nigeria within seven months, the foreign portfolio investment (FPI) record of the country reveals. A document obtained by Daily Trust from the Nigeria Stock Exchange (NSE) shows that from January to July, this year, an approximated 54 per...

The Federal Government spent between 40 and 50 million naira to construct toilets and bathrooms in each unity school across the country, Daily Trust report has shown. The government has over the years built dozens of these toilets termed “VIP toilets” in the unity schools. It...

...Seek dollars to stockpile petrol ahead of Christmas, decry multiple taxation  ...NNPC: Egina to add 200,000bpd to Nigeria’s oil output by 2018 Despite the preferential foreign exchange rate given to oil marketing firms by the international oil companies (IOCs), aimed at sustaining the importation of petrol...

Pension operators in the country are increasingly getting uncomfortable with the moves being made by the Federal Government to use part of the N5.8tn Contributory Pension Scheme assets to fund infrastructure development and move the nation out of economic recession. Operators, who spoke to the...