The Senate has warned that about 4,000 jobs may be lost in the telecommunications industry, following the $1.2bn Etisalat loan. This is inevitable unless the relevant government agencies move swiftly to salvage the fallout of the takeover of 9mobile (Etisalat Nigeria), by 13 local...
Nigeria’s gas production has reached seven billion cubic feet per day (cf/d), according to the Nigerian National Petroleum Corporation (NNPC).
The Group Managing Director, Dr. Maikanti Baru, who made this disclosure in Lagos, during a Gas Roundtable organised by Nigerian Gas Association (NGA), noted that...
The National Bureau of Statistics (NBS) says the Gross Domestic Product in real terms declined in the third and fourth quarters of 2016.
The NBS made this known in its “Nigerian Gross Domestic Product Report on Expenditure and Income Approach for the third and fourth...
The naira has depreciated marginally to N360.13 per dollar in the Nigeria Autonomous Foreign Exchange Window (NAFEX).
The local currency had closed at N360.08 last weekend.
Meanwhile, the Central Bank of Nigeria (CBN) yesterday, injected 195million dollars into the inter-bank Foreign Exchange(Forex) Market.
Isaac Okorafor, acting Director,...
The Senate Ad Hoc Committee on Alleged Misuse, Under-Remittance and Other Fraudulent Activities has said revenue agencies short-changed the Federal Government the sum of N1.7tn as unremitted revenue generated between 2012 and 2016.
The panel blamed it on a memo by a former Minister of...
"Housing will continue to be a challenge for us till the next two generations", Former President Olusegun Obasanjo has lamented.
Obasanjo has called for smart policies that can stimulate investment in housing development to address the five million housing deficit in the country.
He said if...
