Don't Miss


Latest News

  • Nigerian $25bn Technical Cooperation Fund is a sacrifice for Africa’s integration, says DG

    Suleiman Shuaibu, Acting Director-General, Directorate of Technical Cooperation in Africa (DTCA) says the $25 billion dollars Nigerian Technical Cooperation Fund (NTCF) has reinforced Nigeria’s sacrifice for the integration of Africa. Speaking on Wednesday, Shuaibu said that the...

    • Posted May 7, 2015
    • 0
  • FG slashes 2015 fuel subsidy by 90 per cent following oil price slide

    The federal government will slash petrol subsidies by 90 percent this year because government revenues have been hit by the slump in oil prices. The government had said it would gradually phase out fuel subsidies which are...

    • Posted May 7, 2015
    • 0
  • Dangote Cement production hits 30mmt across Africa

    Aliko Dangote, president, Dangote Group, has disclosed that the Dangote Cement annual production across Africa now stood in the region of 30 million metric tons (mmt), a feat that is earning Nigeria respect among the comity of...

    • Posted May 7, 2015
    • 0
  • CBN says govt prudence saved N116bn H2 2014

    The Central Bank of Nigeria (CBN) on Tuesday dismissed an earlier report suggesting that the Federal Government overspent the budget by N365.35 billion during the second half of 2014. The bank says its Financial Stability Report from...

    • Posted May 7, 2015
    • 0
  • Business leaders fear for corporate governance in Nigeria as draft code plans excessive control

    As the May 14, 2015 deadline for public comments on Nigeria’s draft code of corporate governance (NCCG) approaches, business leaders and investors have expressed fears that the policy document could wield excessive powers over Nigeria’s already challenged...

    • Posted May 7, 2015
    • 0
  • PenOp remits N260bn to retirees

    THE Pension Fund Operators Association of Nigeria, PenOp, says it has remitted N260 billion of the contributory pension fund to retirees from the inception of the scheme till March 2015. The Association made this disclosure at the...

    • Posted May 6, 2015
    • 0
  • Ekiti proposes austerity measures as wage bill overshoots by N600m

    Indications emerged on Monday that Ekiti State may embark on austerity measure approach to run governance as the state was recently hit by fever of dwindling federal allocation, leaving the state to shop for about N600 million...

    • Posted May 6, 2015
    • 0
  • Govt borrows N473bn to meet up with recurrent expenditure, says Okonjo-Iweala

    ABUJA — The Minister of Finance and Co-ordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, yesterday, put to rest fears of immediate removal of fuel subsidy, as she confirmed that N145.2 billion provision was made for it...

    • Posted May 6, 2015
    • 0
  • Okonjo-Iweala, others have High BP over economy

    The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi okonjo-Iweal, disclosed, Tuesday, that the task of managing the nation’s economy has given her, the Minister of State, Amb. Bashir Yuguda , the Permanent Secretary...

    • Posted May 6, 2015
    • 0
  • Transaction fees yield N1.6bn into FMDQ OTC treasury

    Debt capital market dealers on the platform of FMDQ plc boosted the Over-the-Counter (OTC) exchange revenue by about N1.6 billion paid as transaction fees last year, for using the OTC platform. Products traded on the FMDQ platform...

    • Posted May 6, 2015
    • 0
  • Oil and gas players want Buhari govt to be decisive on PIB

    Oil and gas industry stakeholders have asked the incoming administration of General Muhammadu Buhari to be bold and decisive on the matter of the protracted Petroleum Industry Bill in his first month in office. Majority, infact are...

    • Posted May 6, 2015
    • 0
  • Dangote Cement to begin production in Tanzania August

    Dangote Cement said it will begin production in Tanzania in August, as sub-Saharan Africa’s leading cement producer eyes new markets on the continent, reports Reuters. A $500 million factory it is building in southern Tanzania, with an...

    • Posted May 6, 2015
    • 0
  • Cashless policy pushes Ogun’s revenue by 200%

    With partial adoption of cashless policy that was introduced in 2012 by the Central Bank of Nigeria (CBN), the Ogun State government said its internally generated revenue (IGR) has recorded 200 percent increase. The state government noted...

    • Posted May 6, 2015
    • 0
  • Top 10 performing Stocks

    Dangote Cement Plc led the top ten most active stocks last week. The shares of the company rose by N9.50, representing 5. 4 per cent increase. Specifically, Dangote Cement shares which opened penultimate Thursday at N175.00 closed...

    • Posted May 6, 2015
    • 0