After several months of staying idle, the country’s biggest pipe factory owned by SCC Nigeria Limited may be shut down soon as it grapples with lack of patronage amid the recession rocking the country. The company had in October last year inaugurated the 280,000-tonne ultra-modern...

  The administration of President Muhammadu Buhari had promised to fix the current challenges bedeviling the economic, political and social landscape of the nation through its national economic recovery plan amidst unending rise in inflation, coupled with unhealthy business climate. The 2016 budget voted 30% for...

Nigeria is about to be plunged into another debt repayment scenario. The federal government has forwarded an external borrowing plan to the National Assembly for approval of the legislature. The request though has been denied for now by the Senate, perhaps because the FG...

Strong indications have emerged that the leadership of the Senate and the Presidency have reached a deal on the 2017-2019 Medium Term Expenditure Framework and Fiscal Strategy Paper earlier rejected by the upper chamber of the National Assembly. A source close to the leadership of...

Barring any last minute change in plans, President Muhammadu Buhari will next month launch the National Economic Reconstruction and Growth Plan that will guide the Federal Government in repositioning the economy for sustainable growth. The Minister of Budget and National Planning, Senator Udo Udoma, disclosed...

The federal government has reached an outline settlement to resolve a protracted dispute with five international oil companies (IOCs), under which the oil firms will be paid $5 billion as arrears of cash calls to cover exploration and production costs. Financial Times reported that Shell,...