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  • Reducing inequality necessary to achieve growth – World Bank

    Reducing inequality is necessary to ensure long-term and sustainable growth, the Development Committee of the World Bank has said. At a communiqué at the end of the Spring Meeting of the World Bank/IMF in Washington DC, the...

    • Posted April 25, 2017
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  • FG inaugurates BOA board, wants recovery of debt within 90 days

    The Federal Government has inaugurated an Interim Management Board for the Bank of Agriculture (BOA), as part of efforts to restructure the bank. The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, who inaugurated the board...

    • Posted April 25, 2017
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  • Oil workers want FG to create pipeline protection agency

    The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has  appealed to the Federal Government  to create Pipeline Protection Agency (PPA) that would  be saddled with the protection of pipelines in the country. President of the...

    • Posted April 24, 2017
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  • Lagos Trust Fund to create 900,000 jobs

    The Lagos State Employment Trust Fund (LSETF) says it will provide 900,000 jobs and support 100,000 medium scale enterprises in the state between now and 2019. Executive Secretary of the Fund, Akintunde Oyebode, who disclosed this ahead...

    • Posted April 24, 2017
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  • NCC, FIRS get joint revenue committee for telecoms

    The Nigerian Communications Commission (NCC) and the Federal Inland Revenue Services (FIRS) have jointly set up a revenue quality assurance committee for the telecommunications sector. This was the highpoint of the discussions between Executive Vice Chairman (EVC)...

    • Posted April 24, 2017
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  • Naira ends week on strong note, closes at N385 to a dollar

    Efforts by the Central Bank of Nigeria to salvage the naira yielded positive results as the nation’s currency closed at N385 to a dollar on Friday. During the week, the CBN injected a total of $380 million...

    • Posted April 22, 2017
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  • CBN suspends nationwide cashless policy, creates FX window for investors, exporters

    “Inflows from abroad are an important source of income for millions of families in developing countries. As such, a weakening of remittance flows can have a serious impact on the ability of families to get health care,...

    • Posted April 22, 2017
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  • Ambode denies hand in market demolition in Ojodu

    Lagos State Governor, Mr. Akinwunimi Ambode on Friday said his government is not involved in the demolition of Ojodu market in the state. Hundreds of shops were demolished on Wednesday at the popular market located within Ojodu...

    • Posted April 22, 2017
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  • NLNG Act: Nigeria may lose $3bn

    Nigeria may lose investments up to $3billion annually in the upstream sector if the National Assembly amends Nigeria Liquefied Natural Gas Act. The development would also endanger the NLNG expansion projects. The Managing Director of the organization,...

    • Posted April 22, 2017
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  • Domestic carriers’ staff strength drops by 50%

    The staff strength of domestic carriers shrunk from 5,000 to less than 2,500 due to failure of airlines, Daily Trust has gathered. Aero Contractors, the oldest airline in the country, recently sacked 60 per cent of its...

    • Posted April 20, 2017
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  • Adeosun calls for global support to tackle illicit financial flows

    The Minister of Finance, Mrs. Kemi Adeosun, has called for greater collaboration to combat illicit financial flows from Africa in order to deliver sustainable economic growth in the region. Addressing the Global Parliamentary Conference which had in...

    • Posted April 20, 2017
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  • Oil prices fall to 11-day low on US Shale output surge

    Crude oil prices fell on Tuesday, hitting their lowest in 11 days as a United States Government report said shale oil output in May was expected to post the biggest monthly increase in more than two years....

    • Posted April 20, 2017
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  • Equities dip by N105bn after Easter break

    Trading on the floor of the Nigerian Stock Exchange (NSE)  closed  yesterday on a negative note, as NSE Market capitalisation dipped by N105 billion to close at N8,721 trillion. The All Share index (ASI) depreciated by -1.18%...

    • Posted April 20, 2017
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  • Create agency to protect pipelines – NUPENG urges FG

    he Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has  appealed to the Federal Government  to create Pipeline Protection Agency (PPA) that would  be saddled with the protection of pipelines in the country. President of the...

    • Posted April 19, 2017
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