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Senate Passes PIB into law, Approves Creation of two Firms

Senate Passes PIB into law, Approves Creation of two Firms The Senate has broken over 15 years jinx by passing into law the most awaited Petroleum Industry Governance Bill. Senate President, Bukola Saraki while commenting on the bill said “this is a Bill PIGB that has...

Osinbajo Seeks Assembly’s Approval for $1.28bn External loan

The Acting President, Prof. Yemi Osinbajo, has requested approval of the House of Representatives for fresh $1.28bn and €9m loans under the 2016-2018 External Borrowing (Rolling) Plans of the Federal Government. A letter he wrote to the House of Representatives on the matter was read...

FAAC Shares N415 billion to FG, states, LGAs 

The Federation Accounts Allocation Committee (FAAC) yesterday shared N415.730 billion among the three tiers of government- federal, states and local government areas (LGAs) for the month of April 2017. According to the Accountant General of the Federation, Idris Ahmed, who spoke after the Committee’s meeting...

NBS: GDP contracts by -0.52 % in Q1

Nigeria’s Gross Domestic Product (GDP) contracted by -0.52 per cent (year-on-year) in real terms in the first quarter (Q1) of 2017, a report by the National Bureau of Statistics (NBS), has indicated. The NBS report, tagged, ‘Nigerian Gross Domestic Product Report for first quarter 2017’...

Ports: 29 Ships with Petrol, Food expected

Twenty-nine ships, laden with petroleum products, food items and other goods, are expected to arrive Apapa and Tin-Can Island ports in Lagos between now and June 3rd. According to “Shipping Position’’’, a publication of the Nigerian Ports Authority (NPA), the ships contained buck wheat, bulk...

How Buhari Administration will Drive New Executive Orders- Presidency

... Ag President holds interactive session with a large cross section of public, civil servants this week The Buhari administration will drive the new executive orders signed last week vigorously in its determination to significantly transform the business environment and how government business is done...