Don't Miss


Latest News

  • Why NCS missed N1.2tn revenue target in 2014

    Fresh facts have emerged as to why the Nigeria Customs Service (NCS) could not meet its revenue target of N1.2 trillion in 2014. The federal government had in 2013, through a memo issued by the Federal Ministry...

    • Posted January 13, 2015
    • 0
  • Analysts predict higher inflation figures for December

    Analysts at the FSDH Group have estimated that the December 2014 consumer price index (CPI), which is used to gauge the level of inflation in the country, will rise to 8.4 per cent. Inflation rate for November...

    • Posted January 13, 2015
    • 0
  • New Managing Director appointed for Shell Nigeria

    A new Managing Director has been appointed for Shell Petroleum Development Company of Nigeria Limited (SPDC), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and Royal Dutch Shell.   He is Osagie Okunbor,...

    • Posted January 13, 2015
    • 0
  • CBN defers implementation of policy on oil sector risk mitigation

    The Central Bank of Nigeria (CBN) has postponed an earlier directive that deposit money banks should strengthen their capital buffers in order to mitigate shocks as a result of their exposure to the oil sector. The latest...

    • Posted January 13, 2015
    • 0
  • Experts see opportunities in Lagos land cost reduction

    In a move aimed at reducing the cost of land acquisition and ease the process of land documentation, the Lagos State Government last week reviewed the charges on land transactions, but the development has not been entirely...

    • Posted January 13, 2015
    • 0
  • South-South highest kerosene consumer — NNPC

    The South-South geopolitical zone is the highest consumer of kerosene in the country with a monthly consumption of 10.17 million litres. This figure, which was obtained on Friday from the Nigerian National Petroleum Corporation’s monthly petroleum industry...

    • Posted January 12, 2015
    • 0
  • Power, petroleum ministries to fuel generators with N213m

    Despite being the sectors saddled with the responsibility of ensuring adequate power supply for the country, the Federal Ministries of Power and Petroleum Resources and their various agencies will spend a total of N213.64m to fuel and...

    • Posted January 12, 2015
    • 0
  • FDC: Nigeria to Record 10-12% Inflation in 2015

    Amidst the crisis triggered by the plunge in crude oil prices and the corresponding pressure on the naira, analysts from the financial and investment advisory firm, Financial Derivatives Company, have put Nigeria’s inflation figure at 10-12 per...

    • Posted January 12, 2015
    • 0
  • State Governments, banks on collision course over peg on withdrawals

    Indications emerged at the weekend that a combination of dwindling revenue of the nation’s money deposit banks on the one hand and a cocktail of measures put in place by the Central Bank of Nigeria (CBN) to...

    • Posted January 12, 2015
    • 0
  • Nigeria set to achieve self-sufficiency in rice production – Investors

    The Nigerian Rice Investors’ Group has said that the rice import quota policy of the federal government would ensure self-sufficiency in rice production in the country. The group also stated that the import quota allocation given to...

    • Posted January 12, 2015
    • 0
  • SEC announces exit of Oteh as Director-General

    Lagos, Jan. 11, 2015 (NAN) The Securities and Exchange Commission (SEC) on Sunday announced the exit of Ms Arunma Oteh as the commission’s Director-General. The commission made the disclosure in a statement issued by its management and...

    • Posted January 11, 2015
    • 1
  • Nigerian stocks record worst year start, down 13% in week

    What shaped the past week Global Markets: Following two consecutive sessions of decline, U.S. and European stocks rebounded mid-week on speculation that Central Banks would continue monetary support even as the looming threat of deflation in the...

    • Posted January 11, 2015
    • 0
  • Price slump, weak demand reduce oil production

    Nigeria’s crude oil production, which has been going downward in the past few years, looks set to decline further this year amid the weak global demand, reduction in capital investment by oil companies on the back of...

    • Posted January 11, 2015
    • 0
  • FG can’t account for $14.6bn oil money – Aregbesola

    The Osun State Governor, Rauf Aregbesola, on Friday accussed President Goodluck Jonathan of failing to account for $14.6bn oil proceeds for the period from July 2013 to July 2014. Aregbesola said this when the vice-presidential candidate of...

    • Posted January 11, 2015
    • 0