Category: Economy

Customs generates N976.6bn revenue in 8 months

Abdul Jimoh- September 10, 2020

The Nigeria Customs Service (NCS) has so far generated N976.6 billion revenue from January to August for the country. The document obtained from the service ... Read More

Over N96bn Paid Across Operational Departments – PTAD

Henry Solomon- September 9, 2020

The Pension Transitional Arrangement Directorate (PTAD) has paid over N96 billion across all the operational departments of the Federal Government between July 2019 and August ... Read More

Edo refinery begins production Sept

Abdul Jimoh- September 8, 2020

The management of the multi-million naira Edo Modular Refinery and Petrochemicals Limited says the project is 99 percent completed and will commence operation end of ... Read More

Adamawa Government to Revamp Abandoned Fertilizer Plant

Henry Solomon- September 8, 2020

Gov. Ahmadu Fintiri of Adamawa says his administration has concluded arrangement to revamp the state-owned fertilizer blending plant. Fintiri gave the assurance on Tuesday shortly ... Read More

Buhari Expresses Concern Over Spiral of Food Prices

Henry Solomon- September 2, 2020

President Muhammadu Buhari has expressed the concern of his administration about the sudden spiral of food prices, at a time when the economy is already ... Read More

ITF Lauds FG’s Directive on Harmonising MDAs Skills Acquisition Programmes

Henry Solomon- September 1, 2020

The Industrial Training Fund (ITF) has commended the Federal Government on its directive to harmonise skills programmes implemented by Ministries, Departments and Agencies (MDAs). The ... Read More

FG Congratulates Adesina on Re-election as AfDB President

Henry Solomon- September 1, 2020

The Federal Government has congratulated Dr Akinwumi Adesina, President of African Development Bank (AfDB) Group on his re-election as the eighth president of the bank ... Read More

Aregbesola Flags Off Construction of Engineering Resource Centre, Decries Skill Gap

Henry Solomon- August 31, 2020

The Minister of Interior, Mr Rauf Aregbesola, on Monday in Lagos called for manpower development to address the skill gap in engineering practice to achieve ... Read More

COVID-19: NACC seeks urgent diversification into non-oil sector

Abdul Jimoh- August 31, 2020

The Nigerian-American Chamber of Commerce (NACC) has called for the adoption of a value-driven national orientation with emphasis on non-oil diversification to mitigate the impact of ... Read More

Malnutrition: FG, States Invest N3.8bn in Procuring `Ready-to Use’ Food–Osinbajo

Henry Solomon- August 18, 2020

Vice President YemiOsinbajo says there has been an increased investment of about N3.8 billion by Federal and state governments especially for the procurement of Ready-to-Use ... Read More

Nigerian Banks Recovered N50.32m Loans Within 9 Days – CBN Director

Henry Solomon- August 18, 2020

Mr Kevin Amugo, Director, Financial Policy and Regulation, Central Bank of Nigeria (CBN), said Nigerian banks recovered about N50.32 million bad loans from debtors within ... Read More

COVID-19: Asaba Airport Reopens, Records First Flight

Henry Solomon- August 17, 2020

The Asaba Airport on Monday recorded its first flight, four days after it was reopened by the Nigerian Civil Aviation Authority (NCAA), for meeting the ... Read More

Inflation Increases to 12.82% in July — NBS

Henry Solomon- August 17, 2020

The National Bureau of Statistics (NBS), says Nigeria’s inflation rate has increased by 12.82 per cent (year-on-year)  in July 2020. This is according to the ... Read More

Rail Transport Remains Game Changer for Nigeria’s Economy – Shippers’ Council

Henry Solomon- August 16, 2020

The Executive Secretary of Nigerian Shippers’ Council (NSC ), Hassan Bello, has said that rail transport remains the game changer for the Nigeria’s economy and ... Read More

Senate Lauds President Buhari’s Assent to Amended CAMA Bill

Henry Solomon- August 8, 2020

The Senate says it received the cheering news that President Muhammadu Buhari has assented to the repealed and re-enacted Companies and Allied Matters Act (CAMA). ... Read More

NNPC, Partners Resolve OML 130 Dispute

Henry Solomon- August 8, 2020

The Nigerian National Petroleum Corporation (NNPC) has agreed with its partners to settle all outstanding issues surrounding the development of Oil Mining Lease (OML), 130. ... Read More

ExxonMobil Nigeria Gets New Chief Executive

Henry Solomon- August 8, 2020

ExxonMobil on Saturday announced the appointment of Richard Laing as Chairman and Managing Director of its three affiliates in Nigeria. Mr Ogechukwu Udeagha, Manager, Media ... Read More

National Gas Transportation Network Code to go-live Monday

Henry Solomon- August 8, 2020

Derefaka, Technical Adviser,  Gas Business and Policy Implementation to Minister of State for Petroleum Resources, says the National Gas Transportation Network Code (NGTNC) will “Go-Live” ... Read More

SON Secures Conviction of Two over Engine oil Adulteration in Lagos

Suleiman Idris- July 27, 2020

A Federal High Court in Lagos on Friday convicted two men, Uche Johnson and Kingsley Meteke, for producing and distributing substandard engine oil and sentenced ... Read More

Digital Economy: FG Inaugurates 6 Projects Across Nation

Henry Solomon- July 23, 2020

The Minister of Communications and Digital Economy, Dr Isa Pantami, has inaugurated six completed projects across the country under the digital economy sector. The inauguration, ... Read More