All posts by BusinessNews Staff

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  NSIA, others to invest $600m in mining sector – FG

  Acting President Yemi Osinbajo on Tuesday disclosed that the federal government was currently working with the Nigerian Sovereign Investment Authority (NSIA), the Nigerian Stock Exchange (NSE) and others to gather $600 million investment fund for the mining...

  • Posted June 15, 2017
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  FG raised N205bn from VAT in First Quarter

  The National Bureau of Statistics (NBS) said that Nigeria generated the sum of N204.77 billion as Value Added Tax (VAT) in the first quarter of 2017. VAT is a consumption tax that is placed on a product...

  • Posted June 15, 2017
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  Malabu oil deal: FG fails to arraign former AGF, Adoke, others

  The federal government Tuesday, again failed to arraigned a former Attorney-General of the Federation (AGF) and Minister of Justice, Mohammed Adoke (SAN), a former Minister of Petroleum Resources, Chief Dan Etete, Shell Nigeria Exploration Production Company, Eni...

  • Posted June 15, 2017
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  OPEC: Oil market to re-balance at slower pace as output rises by 336,000bpd

  The Organisation of Petroleum Exporting Countries (OPEC) on Tuesday said it would achieve the re-balancing of the crude oil market at a “slower pace,” stressing that even its own output in May jumped as a result of...

  • Posted June 15, 2017
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  FIRS generates N778.19bn in first quarter of 2017

  The Federal Inland Revenue Service (FIRS) says it generated N778.19 billion revenue in the first quarter of 2017. This is according to a progress report by the FIRS sent to the Federal Ministry of Finance, and obtained...

  • Posted June 14, 2017
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  FRSC begins psychiatric test for traffic law offenders July 1

  The Federal Road Safety Corps (FRSC) said it will resume enforcement of psychiatric tests on traffic law offenders in the country with effect from July 1. In a statement signed by the commission’s Corps Public Education Officer,...

  • Posted June 14, 2017
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  N30trn Forex probe: Senate gives CBN 7 days to recover N536bn non-remitted revenue

  The Senate on Tuesday gave Central Bank of Nigeria (CBN) seven days to recover monies collected by banks on behalf of Nigeria Customs Service but not remitted to it. The order was given by the Committee on...

  • Posted June 14, 2017
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  Nigeria may profit as Qatar, other Arab gulf states spat

  Global oil and gas markets have been plunged into uncertainty since Monday after Saudi Arabia, the United Arab Emirates (UAE), Bahrain and Egypt cut diplomatic and economic ties with Qatar, the world’s biggest supplier of liquefied natural...

  • Posted June 12, 2017
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  Recession hindering my zeal to deliver dividends of democracy – Tambuwal

  Gov. Aminu Tambuwal of Sokoto State said the current recession in the country had hindered his zeal to deliver more dividends of democracy to the people of the state. Tambuwal stated this in Sokoto on Sunday at...

  • Posted June 12, 2017
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  Crude thefts: CSO want meters installed on oil well heads

  As part of measures to eradicate crude theft and oil losses, the Publish What You Pay Nigeria (PWYP) has call for the installation of meters at the country’s oil well heads. This is contained in a communique...

  • Posted June 12, 2017
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