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  • Why FG wants multinationals in ICT sector – Shittu

    The Minister of Communications, Mr. Adebayo Shittu, on Thursday said federal government present policy in Information Communications and Technology (ICT) sector is targeted at encouraging multinationals and foreign investors to come in as players, “because Nigeria cannot...

    • Posted February 14, 2016
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  • NIPEN grows assets by 15%, invests N186m

    The Nigerian Ball-Point Pen Industries (NIPEN), manufacturers of BiC pens, Premium pens, BiC shavers and other plastic products has said it was able to grow its assets by 15.9% through additional investment of N186 million in property,...

    • Posted February 14, 2016
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  • Eko Disco targets 200,000 meters this year

    Eko Electricity Distribution Company Plc has said the number of smart prepaid meters supplied to its customers will reach 200,000 by the end of this year. The company, which is one of the 11 distribution companies in...

    • Posted February 12, 2016
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  • MDAs spent N825bn on travels, stationery, others – FG

    The Efficiency Unit of the Federal Ministry of Finance on Wednesday said the government’s Ministries, Departments and Agencies spent a total of N825bn on travels, maintenance, local and international training, welfare and office stationery/computer consumables between 2012...

    • Posted February 12, 2016
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  • Apapa Customs moves against extortion during cargo examination

    The Apapa Customs Command has said that all government agencies involved in the examination of cargo at the Apapa Port must endorse the examination forms at the base. The Customs Area Controller of the command, Mr. Willy...

    • Posted February 12, 2016
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  • Shut refineries to resume operations by February ending – NNPC

    The Nigerian National Petroleum Corporation (NNPC) has said the country’s four refineries in Kaduna, Warri and Port Harcourt are expected to restart production before the end of the month after attacks on their feedstock pipelines forced their...

    • Posted February 12, 2016
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  • FG will suspend withdrawals from TSA in March – Adeosun

    Minister of Finance, Mrs. Kemi Adeosun, tuesday disclosed that the federal government would suspend all withdrawals by ministries, departments and agencies (MDAs) from the Treasury Single Account (TSA) at the end of March. The minister who made...

    • Posted February 12, 2016
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  • FG to initiate more reforms in civil service

    The federal government on Wednesday said  more holistic reforms of the Nigeria’s civil service would  be initiated. The Head of Service, Mrs. Oyo- Ita, disclosed this during a reception organised by her friends in honour of her...

    • Posted February 12, 2016
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  • FRC tackles NNPC over non-submission of audited accounts

    The Fiscal Responsibility Commission (FRC) tuesday carpeted the Nigerian National Petroleum Corporation (NNPC) for allegedly failing to provide its audited financial statements to the commission since 2011. It also chided the corporation for not submitting its Medium...

    • Posted February 12, 2016
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  • Government moves to privatise Ajaokuta steel plant

    The Federal Government aims to hand over the $4.5bn Ajaokuta steel complex to private operators this year as part of a plan to kick-start its industrial and mining industries, the Minister of Solid Minerals Development, Dr. Kayode...

    • Posted February 11, 2016
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  • Senate committee faults N4.5bn allocation to railway

    The Chairman, Senate Committee on Land Transport, Gbenga Ashafa, has faulted the N4.5bn earmarked for the Nigerian railway in the 2016 budget, describing it as grossly inadequate to meet the immediate needs of the industry. He said...

    • Posted February 11, 2016
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  • Labour ministry, SMEDAN focus on job creation

    The Small and Medium Enterprises Development Agency of Nigeria and the Federal Ministry of Labour and Employment have given credence to the Federal Government’s plans to create jobs in the country. Speaking at the Annual General Meeting...

    • Posted February 11, 2016
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  • FG, World Bank unveil $160m financing, job creation scheme

    The Minister of Trade, Industry and Investment, Dr. Okechukwu Enelamah on Tuesday inaugurated a $160 million (about N49.2 million) World Bank supported initiative to improve access to finance as well as provide technical assistance to small and...

    • Posted February 11, 2016
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  • NNPC clarifies role of NAPIMS in $260m Usan Oilfield contract

    The Nigerian National Petroleum Corporation (NNPC) has provided a clarification on the role of its subsidiary, National Petroleum Investment Services (NAPIMS) in the $260 million contract awarded by ESSO Exploration and Production Nigeria Limited, a subsidiary of...

    • Posted February 11, 2016
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