Latest News
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We‘ll avoid pitfalls of 2016 Budget process this year – Senate
As the National Assembly opens 2017 budget defence wednesday, the Senate has assured Nigerians that it will deploy all powers within its reach to avoid a repeat of the woes which accompanied the 2016 budget process. The...
- Posted February 1, 2017
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Forcados pipeline set to boost oil exports
The Trans-Forcados pipeline, which was shut for most of 2016, is likely to be reopened around the end of the second quarter of 2017, the Chief Executive Officer of Seplat Petroleum Development Company Plc, Mr. Austin Avuru...
- Posted February 1, 2017
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NDDC sets 21-point agenda for Niger Delta development
The Niger Delta Development Commission (NDDC) has reaffirmed its commitment to making the commission’s systems and processes more transparent for sustainable development of the Niger Delta region. This was contained in a 21-point focus set out at...
- Posted February 1, 2017
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NCAA chief says closure of Abuja Airport best option
The Director-General of the Nigerian Civil Aviation Authority (NCAA), Capt. Muhtar Usman, has backed the plan by the Federal Government to close the runway of the Nnamdi Azikiwe International Airport, Abuja for repairs. Usman made the announcement while...
- Posted January 31, 2017
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NECA wants CBN to obey court ruling on N50 stamp duty
The Nigeria Employers Consultative Association (NECA) on Monday urged the Central Bank of Nigeria (CBN) to stop deduction of N50 stamp duty, in compliance with a Court of Appeal ruling. The News Agency of Nigeria (NAN) reports...
- Posted January 31, 2017
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PENGASSAN rejects House bid to amend NLNG Act
Senior oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have opposed the proposed plan by the House of Representatives to amend the Nigeria Liguefied Natural Gas (NLNG) (Fiscal...
- Posted January 31, 2017
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NCC reads riot acts to operators, to apply stiffer sanctions
As part of efforts to ensure that Nigerians get values for their money, the Nigerian Communications Commission (NCC) has advised telecommunication providers to improve the quality of their services. The regulatory agency said the body is aware...
- Posted January 31, 2017
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Governor Ahmed tasks MDAs on revenue drive
Gov. Abdulfatah Ahmed of Kwara has charged Ministries, Departments and Agencies (MDAs) in the state to embark on prompt collection of taxes to boost its Internally Generated Revenue (IGR). The governor gave the directives on Sunday at...
- Posted January 30, 2017
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Saraki urges youths to take advantage of Agro-Finance Law
The President of the Senate, Dr Bukola Saraki, has called on youths to take advantage of the Agriculture-Finance Bill recently passed by the 8th Senate to further their engagements in the agriculture business. Saraki made the call...
- Posted January 30, 2017
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CBN says apex bank not responsible for Forex rates
The Central Bank of Nigeria (CBN) has released a statement to address allegations leveled against it on wrong foreign exchange purchase figures. The statement, which was signed by Isaac Okorafor, the bank’s director of corporate communications, said...
- Posted January 30, 2017
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FG plans to grow non-oil export earnings
The federal government is planning to grow non-oil export earnings to $30 billion by 2025 to bridge the fall from oil exports. This was disclosed by the Executive Director and Chief Executive Officer of the Nigeria Export...
- Posted January 29, 2017
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CBN decries attacks on its policies, says attackers are unpatriotic
The Central Bank of Nigeria (CBN) has decried the spate of attacks on its policies saying attackers are doing so for selfish interests. A statement by Mr. Isaac Okorafor, Ag. Director, Corporate Communications, CBN, yesterday indicated that...
- Posted January 29, 2017
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How ICT can reposition Nigerian economy – LCCI boss
The nation’s Information and Communication Technology, (ICT), sector can revive Nigerian economy if the needed infrastructure and policies are put in place, president, Lagos Chamber of Commerce and Industry, (LCCI), Mrs. Nike Akande has said. She spoke...
- Posted January 29, 2017
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Customs agents accuse terminal operators, shipping firms of economic sabotage
The Association of Nigeria Licensed Customs Agents (ANLCA) has accused shipping companies and terminal operators of sabotaging the Nigerian economy by charging fees that are unjustifiable thereby increasing the cost of doing business at the nation’s ports...
- Posted January 28, 2017