Category: Economy
SON Secures Conviction of Two over Engine oil Adulteration in Lagos
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
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
Economists say MPC’ decision to retain all parameters reasonable
Some Economic analysts on Thursday in Lagos described as “reasonable” the decision by the Monetary Policy Committee (MPC), of the Central Bank of Nigeria (CBN), ... Read More
VP Osinbajo on Sustainability of Ease of Doing Business Reforms
The Buhari administration’s business reforms, through the Presidential Enabling Business Environment Council (PEBEC), is an opportunity to significantly boost local and foreign investments in the ... Read More
FAAC Shares N651.184 Billion June 2020 Revenue to FG, States an LGs
The Federation Accounts Allocation Committee (FAAC) has shared a total of 651.184 billion as June 2020 Federation Account Revenue to the Federal, States and Local ... Read More
NIMASA promises tougher action against untrained, uncertified boat skippers
The Nigerian Maritime Administration and Safety Agency (NIMASA), says it will go tougher with untrained and uncertified boat skippers, who often ignored safety procedures and ... Read More
FG to save $300m from barite importation – Minister
The Minister of Mines and Steel Development, Mr Olamilekan Adegbite, says the Federal Government will soon ban the importation of to help the country save ... Read More
Gold Refineries: Nigeria to generate additional 250,000 jobs, $500M annually – Buhari
President Muhammadu Buhari says improved gold mining operations in the country will generate no fewer than 250,000 jobs and over 500million dollars annually in royalties ... Read More
WTO Begins Second Phase of Selection For DG
The World Trade Organisation (WTO) on Wednesday in Geneva began the second phase of the selection process for the position of Director-General. Former Finance Minister ... Read More
CBN Gives Directive to Ban Importation of Maize
The Central Bank of Nigeria (CBN) has directed all authorized dealers to discontinue the processing of Form M for the importation of maize with immediate ... Read More
Nigeria Inaugurates 2nd Voluntary Review Report on SDGs
Mrs Adejoke Orelope-Adefulire, Senior Special Assistant to the President on Sustainable Development Goals (SSAP-SDGs) on Monday inaugurated the 2nd National Voluntary Review Report on SDGs. ... Read More
Gov. Ganduje expresses optimism in AKK gas pipeline project
Abdullahi Umar Ganduje, Executive Governor Kano State Gov. Abdullahi Ganduje of Kano State says the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline project will speed up commerce and ... Read More
FG Gives Explanation on Deregulation of Oil Downstream Sector
The Minister of State for Petroleum Resources Chief Timipre Sylva says the deregulation of the downstream oil sector was to ensure economic growth and development ... Read More
Impact of COVID-19: Poor People in Africa to Increase by 49.2m in 2021 -AfDB
The African Development Bank (AfDB) says the number of extreme poor people could increase by 34 million and 49.2 million due to the COVID-19 pandemic ... Read More
Navy hands over smuggled rice, other items worth N15m to NCS
The Nigerian Navy in Lagos, on Thursday, intercepted and handed over some smuggled rice, turkey, boats and others items worth N15 million to the Nigeria ... Read More
Wema Bank appoints Ajimisinmi as Executive Director
The Board of Directors, Wema Bank Plc on Wednesday announced the appointment of Mr Oluwole Ajimisinmi as an Executive Director of the bank. Mr Johnson ... Read More
AKK Gas Pipeline Project will facilitate establishment of 2 new power plants – Minister
Gov. Nasiru El-Rufia (middle) flagging off the construction of the Ajaokuta-Kaduna-Kano Gas Pipeline Project at Ragachikun in Kaduna on Tuesday.(NAN) AKK Gas Pipeline Project ... Read More
SON raises red alert on substandard Toyota engine oil
The Standards Organisation of Nigeria (SON) has raised a red alert on the discovery of suspected substandard Toyota brand of engine oil in the Nigerian ... Read More
Global COVID-19 Cases Surpass 10 Million
The number of coronavirus cases confirmed worldwide rose to 10 million on Sunday, according to a tally collated by Johns Hopkins University. The United States, ... Read More
FG Sets Regulations, Performance Simulation Flight Ahead of Reopening of Airports
Ahead of the reopening of the aviation sector in Nigeria, Minister of Aviation, Sen Hadi Sirika and other members of the Presidential Task Force (PTF) ... Read More