Category: Economy

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

Economists say MPC’ decision to retain all parameters reasonable

Abdul Jimoh- July 23, 2020

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

Tanimu- July 21, 2020

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

Suleiman Idris- July 20, 2020

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

Suleiman Idris- July 19, 2020

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

Suleiman Idris- July 19, 2020

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

Abdul Jimoh- July 16, 2020

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

Henry Solomon- July 15, 2020

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

Henry Solomon- July 14, 2020

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

Henry Solomon- July 14, 2020

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

Suleiman Idris- July 13, 2020

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

Henry Solomon- July 9, 2020

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

Henry Solomon- July 7, 2020

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

Suleiman Idris- July 2, 2020

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

Suleiman Idris- July 1, 2020

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

Suleiman Idris- June 30, 2020

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

Suleiman Idris- June 29, 2020

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

Henry Solomon- June 28, 2020

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

Henry Solomon- June 27, 2020

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