Monday, October 18, 2021

BPE Confirms Privatisation of Refineries in 2014

•  IPMAN seeks repair before proposed sale The Bureau of Public Enterprises (BPE) yesterday said it would privatise the four refineries in the country next...

Okonjo-Iweala explains shortfall in allocation

The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said the reduction in oil production and receipts caused the...

FG Generated N2.716 Trillion in Q3

The total revenue generated by the federal government in the third quarter of 2013 stood at N2.716 trillion, a report by the Central Bank...

Senate empanels committee on oil benchmark

The Senate yesterday constituted a six-man conference committee to harmonise the controversial 2014 budget oil benchmark. Senate President, David Mark, named Chairman, Senate Committee on...

Analysts expect modest multiple expansion in equities, tighter monetary stance in 2014

FBN held its 3rd annual investor conference in Lagos Analysts at FBN capital say they expect a modest multiple expansion in equities in Nigeria in 2014. They...

FG, States, LGs Share N568.4bn For Oct

The federal, states and local governments in Nigeria will share the sum of N568.413bn as revenue distributable for the month of October 2013. This was...

Elumelu: Africa a Continent of Economic Opportunities

The founder of Heirs Holdings, Mr. Tony Elumelu has stressed the need for investors across the world to take advantage of the opportunities in...

‘Nigeria’s parliament most effective in MDGs implementation’

The Nigeria’s parliament is the most effective when it comes to dealing with the issues of the Millennium Development Goalss and its implementation across...

World Bank to spend $1.4bn on power transmission

The World Bank will, in the next three years, spend about $1.4bn on the nation’s power industry, especially on transmission infrastructure. The World Bank Country...

Budget 2014: House committee sets $76.5 benchmark

Amid sharp disagreement, the Joint House Committee on Finance, Appropriation, Loans and debts yesterday pegged the benchmark for 2014 Budget at $76.5 per barrel But...

CBN Designates Eight Banks ‘Too Big to Fail’

The Central Bank of Nigeria (CBN) has designated First Bank of Nigeria Limited, Guaranty Trust Bank Plc (GTBank), Zenith Bank Plc, United Bank for...

Elizade, Globe, Coscharis, Others Trade Tackles with Stallion over Car Imports

•Vaswani challenges them to competition •Group petitions FG over insider information on automotive policy •Dealers seek two-year deferment on implementation Major importers of cars into the country...

Grass to Grace

Barely 2 weeks ago, Olamide Adedeji, aka Badoo, signed a multimillion naira endorsement deal with alcoholic drink Ciroc Ultra Premium vodka. This made him the...

Motorists left baffled by modern dashboards

If women can’t read maps and men always lose their keys, there is at least one aspect about driving that unites the sexes: neither...
NNPC Towers

NNPC absolves self of alleged missing N500bn Sure-P money

The management of the Nigerian National Petroleum Corporation, NNPC, has absolved itself from the alleged missing N500 billion Sure-P funds. The Corporation which described media...

CBN, DERMALOG Seal N8bn Biometric Deal

The Central Bank of Nigeria (CBN) has signed a contract of over $50 million (N8 billion) with DERMALOG Identification Systems for the  deployment and...

FG Okays N48.6bn Loan For Mortgage Refinancing

The federal government yesterday endorsed plans to borrow the sum of N48.6 ($300 million) from the world bank via the international development association to...

Policies Cost FG N603bn Loss in Revenue

The Nigeria Customs Service (NCS) yesterday disclosed that certain government policies and bilateral agreements led to a revenue loss of N603.2billion for the country...

Nigeria, Singapore partner on direct air links, others

Nigeria and Singapore have sealed deals on opening up air links between both countries. They have also agreed to collaborate in areas such as medical tourism,...

Elumelu Restates Commitment to $2.5bn Investment in Power Sector

The Chairman of Transnational Corporation of Nigeria (Transcorp), Mr. Tony Elumelu has restated the commitment of his  pan-African proprietary investment company to invest $2.5...