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All posts by Afolabi Ogunde

  • Jonathan May Present 2013 Budget within Two Weeks

    The Special Adviser to the President on National Assembly Matters, Senator Joy Emodi, has informed the media that the President may present the 2013 budget to the national Assembly within 2 weeks. The Presidential aide said the...

    • Posted October 2, 2012
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  • Nigeria attracted N6.8tn investment in nine months – Jonathan

    President Goodluck Jonathan has said the country’s Gross Domestic Product, driven mainly by the non-oil sector, has grown by 7.1 per cent, while the economy attracted N6.8tn investments in nine months. Jonathan, who disclosed this in his...

    • Posted October 2, 2012
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  • Nigeria earned N5.5 trillion revenue in eight months – FAAC

    Nigeria earned N5.5tn from mineral and non-mineral revenue between January and August, a data from the Federation Accounts Allocations Committee, stated on Monday. The figures obtained by the News Agency of Nigeria, in Abuja showed that the country recorded...

    • Posted October 2, 2012
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  • NACCIMA Calls for Dialogue with FG on PPP

    The Nigerian Chamber of Commerce, Industry, Mines, and Agriculture (NACCIMA) a section of the Organised Private Sector (OPS), has reiterated the private sector and the Federal Government should have regular summits to uphold the Public Private Partnership...

    • Posted October 2, 2012
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  • FCT councils split N2b SURE-P allowance

    The six Area Councils of the Federal Capital Territory (FCT) have shared N2.053 billion revenue allocation for August 2012 from the Subsidy Reinvestment and Empowerment Programme (SURE-P) and FAAC. The allotment represents a boost of N267 million...

    • Posted October 2, 2012
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  • Crude Prices Fall on Global Macroeconomic Concerns

    Brent crude fell below $112 per barrel on Monday, reflecting investor concerns a shaky global economy may hurt oil demand following fresh evidence of weakness in China and Japan as well as persistent worries about the debt-saddled euro zone....

    • Posted October 1, 2012
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  • Okonjo Iweala Drops Economic Wisdom on How to Solve Nigera’s Unemployment Problem

    The coordinating minister of the Economy and Finance Minister has labeled unemploymment as the biggest problem facing the growth of the Nigerian state. According to a research report released by Nigeria’s leading investment bank, Renaissance Capital, and...

    • Posted October 1, 2012
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  • Shell Blames Oil Thieves for Production Shut-in After Fire

    Shell’s Nigerian unit shut its Bonny oil pipeline and deferred 150,000 barrels per day of production on Sunday after oil thieves caused a fire, the company said. “Shell … has shut the 28-inch Bomu-Bonny Trunkline after discovering...

    • Posted October 1, 2012
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  • Fuel Scarcity Ends in Lagos Metropolis

    Businessnews is pleased to report that the fuel scarcity across the Lagos metropolis has come to a crashing halt. Some unscrupulous petrol marketers enjoy taking advantage of scarcity periods and oftentimes partner with unsavory media agents in order to create artificial scarcity so...

    • Posted October 1, 2012
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  • Femi Otedola Smiles to the Banks Again, Pays Off N141 billion AMCON Debt

    Controversial billionaire Femi Otedola can literally be said to be smiling to the bank as reports have shown he has paid off his N141 billion loan to the Asset Management Corporation of Nigeria (AMCON). Otedola and his...

    • Posted October 1, 2012
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