Clik here to view.
Nigeria’s growth to slow in 2015, says Okonjo-Iweala
As Nigeria adjusts to falling crude prices, growth could slow by about a percentage point next year, the Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, has...
View ArticleClik here to view.
NNPC attributes sudden fuel queues in Lagos to road construction gridlock
The Nigerian National Petroleum Corporation (NNPC) has attributed the queues in some filling stations in Lagos to panic buying occasioned by gridlock of the ongoing road construction in Apapa. This is...
View ArticleClik here to view.
Rice sellers in Enugu lament price crash
Rice traders in Enugu have lamented the sudden fall in the price of the commodity, especially the foreign one. A survey by the News Agency of Nigeria (NAN) on Tuesday showed that the prices crashed by...
View ArticleClik here to view.
Pension: PTAD to pay arrears of 33 per cent salary increment to pensioners in...
The Pension Transitional Arrangement Directorate (PTAD), said the payment of arrears on the 33 per cent salary increment in 2010 would be paid to pensioners in December. Its Director-General, Nellie...
View ArticleClik here to view.
Non-passage of Petroleum Bill hinders investment in Industry – Stakeholders
Minister of Petroleum Resources, Mrs Deizani Allison-Madueke Some stakeholders in the oil and gas industry on Wednesday said that the non-passage of the Petroleum Industry Bill (PIB) by the National...
View ArticleClik here to view.
Major marketers to commence lifting of petroleum products from Apapa jetty-...
The Major Oil Marketers Association of Nigeria (MOMAN), said on Wednesday in Lagos that its members would start loading petroleum products from Apapa jetty today (Wednesday) for supply to filling...
View ArticleClik here to view.
Investors stake N6.66bn on 376.202m shares on NSE
Investors on the Nigerian Stock Exchange (NSE) on Wednesday staked N6.66 billion on 376.202 million shares in 4,230 deals. Reports say that the volume of transactions represented a 6.21 per cent...
View ArticleClik here to view.
Companies may downsize, cut investments over falling oil prices
The Director of Emerald Energy Institute for Petroleum and Energy Economics, Policies and Strategic Studies, University of Port Harcourt, Professor Wumi Iledare has stated that the falling prices of...
View ArticleClik here to view.
War against Sub-standard goods: SON destroys N5 billion products in 11months
PRESIDENT, LADIPO AUTO CENTRAL MARKET ASSOCIATION, MR IYKE ANIMALU; DIRECTOR, SPECIAL DUTIES, SON, MR GEORGE OKERE, DIRECTOR GENERAL, SON, DR JOSEPH ODUMODU, AT A MEETING ON ZERO TOLERANCE TO...
View ArticleClik here to view.
AfDB approves $500m for Development Bank of Nigeria to support MSMEs
The Board of Directors of the African Development Bank (AfDB) Group unanimously approved a financial package of 500 million dollars to support the establishment of the Development Bank of Nigeria PLC...
View ArticleClik here to view.
Eko Disco announce 7-hours power outage
Eko Electricity Distribution Plc (EKED) on Wednesday said that there will be seven hour power supply interruption to some areas within its network in Lagos on Thursday . This was contained in a...
View ArticleClik here to view.
2015 budget targets N3trn revenue, says Okonjo-Iweala
Minister of Finance, Dr Ngozi Okonjo- Iweala The Minister of Finance, Dr Ngozi Okonjo- Iweala, said the Federal Government was targeting about N3.60 trillion revenue in 2015. Okonjo-Iweala disclosed...
View ArticleClik here to view.
2015 budget: FG maintains 65 dollars oil price, introduces charges on luxury...
Dr Ngozi Okonjo Iweala, Minister of Finance, said Federal Government would continue with the proposed 65 dollars oil benchmark for the 2015 budget in spite of volatility in the global oil price....
View ArticleClik here to view.
FG denies 1bn dollars missing from ECA
Minister of Finance, Dr Ngozi Okonjo- Iweala The Minister of Finance, Dr Ngozi Okonjo-Iweala, on Wednesday said that there was no money missing from the Excess Crude Account as reported in some...
View ArticleClik here to view.
Port reforms: Committee, stakeholders seek system automation, improved human...
Mr Gabriel Ajuda, Head, Sub-committee on Port Reform of the National Economic Management, on Wednesday identified the need to fully integrate automation and improve human capability in running the port...
View ArticleClik here to view.
NITEL/MTEL for finally sold at $252m
The National Council on Privatisation (NCP) on today approved the sale of the liquidated Nigeria Telecommunication Plc. and its subsidiary, Mtel, to NATCOM Consortium for $252million. The Chairman of...
View ArticleClik here to view.
Ministry meets with NUPENG, PENGASSAN
Malam Kabiru Turaki, Supervising minister of Labour and Productivity The Federal Ministry of Labour and Productivity on Thursday in Abuja, met with oil workers union NUPENG and PENGASSAN over the three...
View ArticleClik here to view.
New N100 note goes into circulation today
The Central Bank of Nigeria said that the commemorative N100 banknote unveiled recently by the President, Dr. Goodluck Jonathan, is going into circulation from today,19th of December 2014. This is...
View ArticleClik here to view.
FG to focus on remittances from abroad
Vice-President, Alhaji Namadi Sambo Following the slump in global crude oil prices and the impending economic downturn, the federal government is to key into remittances by Nigerians in the diaspora as...
View ArticleClik here to view.
NSE market indicators improve by 1.21 per cent
Equity transactions at the Nigerian Stock Exchange (NSE) were upbeat yesterday as the market indicators improved by 1.21 per cent. The News Agency of Nigeria (NAN) reports that market capitalisation...
View Article