Nigeria has lost about $235bn worth of investments on the back of the failure to reform the oil and gas industry, even as the Federal Government struggles to pay up over $9bn cash call arrears to oil firms.
Oil workers under the aegis of the...
The Federal Government has reduced the membership of the National Council on Micro Small and Medium Enterprises from 43 to 21.
Vice President Yemi Osinbajo disclosed this while inaugurating the new council, which he chairs, at the Presidential Villa, Abuja.
Osinbajo said the decision to streamline...
The Federal Government has concluded plans to align its fiscal, monetary and trade policies to stimulate economic growth.
Vice-President Yemi Osinbajo who gave this indication said that sectoral policies were being implemented to diversify the economy by boosting investments in agriculture, manufacturing, mining, construction and...
Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has said the country will be completely out of recession in second or first half of the third quarter (Q3).
Emefiele spoke after emerging from a closed session with Senate President, Abubakar Bukola Saraki, in Abuja.
The CBN...
The new Director-General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, formally took over the reins of authority at the Bureau in Abuja on Friday, April 21, 2017 with a pledge to ensure that privatized enterprises in the country give services to...
Nigeria’s trade with the United States (U.S.) rose by 70.44 per cent from $799.93 million in January and to $1.36 billion in February, according to the latest U.S. Census Bureau data.
Data obtained from the Fact Sheet on Nigeria – U.S. Relations, showed that petroleum...
