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  • FG, states, LGs record N1.32tn shortfall in allocations

    The persistent drop in the prices of crude oil in the international market has impacted negatively on allocations to the three tiers of government, with statutory allocations recording a shortfall of N1.32tn in the last one year....

    • Posted November 10, 2015
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  • Oil companies cut 120,000 jobs

    As a result of the continued fall in oil prices, Nigeria’s oil and gas companies have cut about 120,000 direct and indirect jobs, the immediate past National Industrial Relations Officer, Petroleum and Natural Gas Senior Staff Association...

    • Posted November 10, 2015
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  • Shell considers ethanol cook stoves for Nigeria

    Shell Nigeria Exploration and Production Company has signed an agreement with Project Gaia Prospects Limited for the conduct of a pilot study on the use of ethanol cook stoves in Nigeria, said to be a cleaner and...

    • Posted November 10, 2015
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  • Ports charges: Operators commended for discontinuing suit against Shippers’ Council

    Stakeholders in the maritime industry have applauded the decision of some terminal operators to withdraw from the suit between the Seaport Terminal Operators Association of Nigeria (STOAN) and the Nigerian Shippers’ Council (NSC) over shipping charges. The...

    • Posted November 10, 2015
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  • Experts seek review of aviation policies

    Aviation industry experts have called on the federal government to review the policies that inhibit air transport development in Nigeria. They insisted that any policy that does not encourage growth of domestic carriers and manpower development must...

    • Posted November 10, 2015
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  • FG plans rice, wheat self-sufficiency within three years – Government document

    Nigeria aims to be self-sufficient in both rice and wheat production within three years, a document by President Muhammadu Buhari’s administration seen by Reuters showed at the weekend, a massive undertaking given current production levels. The policy...

    • Posted November 10, 2015
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  • NSE: Top 10 brokers handled N71billion transactions in October

    As the nation’s capital market settles to absorb the recent shock largely precipitated by a combination of recent regulatory sanctions on some listed companies and the flow of unimpressive third quarter reports, the Nigerian Stock Exchange has...

    • Posted November 9, 2015
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  • FG earns N980bn from taxes in three months

    The country earned a total sum of N980.48bn from taxes between July and September this, figures obtained from the Federal Inland Revenue Service have revealed. The tax figures for the third quarter obtained by our correspondent on...

    • Posted November 9, 2015
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  • Sokoto plans to end subsistence farming

    Sokoto government will prioritise mechanised agriculture in order to revive the sector and make it meet the current and growing demands of the people of the state, Governor Aminu Waziri Tambuwal, has said. He added that the...

    • Posted November 9, 2015
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  • Power: NERC to stop 11 Discos’ profiteering tendencies

    In a new regulatory order that would clearly affect the financial intakes of the 11 electricity distribution companies (discos) in Nigeria’s electricity market, the Nigerian Electricity Regulatory Commission (NERC) on Sunday disclosed its decision to exempt consumers...

    • Posted November 9, 2015
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  • IPMAN blames depot owners for fuel scarcity

    The Independent Petroleum Marketers Association of Nigeria has blamed both government and private depot owners for the fuel scarcity being experienced in many cities across the country. The President, IPMAN, Mr. ChineduOkoronkwo, said the situation was also...

    • Posted November 8, 2015
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  • Lack of trading at NSE branches worries Onyema

    The Chief Executive of the Nigerian Stock Exchange, Mr. Oscar Onyema, has said the unwillingness of stockbrokers to carry out trading activities from branches of the Exchange is affecting the performance of the stock market. Onyema stated...

    • Posted November 8, 2015
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  • Capital Market still offers investment opportunities for Nigerians – Onyema

    The Chief Executive, Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, on Thursday said despite the low level of investor confidence, occasioned by market volatility and downturn in the All-Share index in the capital market, there still exists...

    • Posted November 7, 2015
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  • Nigeria seeks to enhance its N5tn trade surplus with EU – Osinbajo

    The federal government on Thursday stated that it was seeking further diversification of the nation’s economy to enhance the existing N5 trillion trade surplus the country currently enjoys with the European Union (EU). It was however noted...

    • Posted November 7, 2015
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