In its bid to stimulate development and lift the economy out of the murky waters of recession, the federal government has decided on a comprehensive foreign borrowing, but not without reactions from stakeholders in the economy. The federal government’s intention to borrow $29.9 billion has...

Nigeria will consider the sale of the country’s four refineries only after they have been rehabilitated to work efficiently, minister of Petroleum Resources, Ibe Kachikwu, has said. Kachikwu said yesterday at a public presentation of short and medium term priorities to grow Nigeria’s oil and...

…FG targets 2.2mbd oil output by 2017 …To strip states of 13% derivation proceeds; plans $10bn N-Delta infrastructure fund …Explains why refineries won’t be privatised; Says NNPC corruption allegations are overblown Despite the  crash in the prices of crude oil in the international market, President Muhammadu Buhari, yesterday, stated...

Threaten Protest over Non-payment of Stipends Former Niger Delta militants currently enrolled in the Presidential Amnesty Programme have urged President Muhammadu Buhari to investigate the Amnesty Office, which they alleged has become a cesspool of corruption since Brig-Gen. Paul Boroh (rtd) took over as its...

Worried about the growing rate of cybercrimes in the country, which has resulted in about N78billion annual losses, the federal government has begun fresh moves that would help curb the menace of cyberspace activities that are beginning to unsettle banks, owing to the high...

MINISTER of Finance, Mrs Kemi Adeosun, yesterday, told the Senate that the Federal Government would sustain its over N6trillion national budget in the 2017 appropriation bill, expected to be submitted by President Muhammadu Buhari, after the consideration and subsequent approval of the pending 2017—2019...