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  • Non-oil export revenue drops by 34%

    The total earnings from non-oil exports dropped by 34 per cent in just one month, the latest economic report released by the Central Bank of Nigeria has indicated. It put the revenue from the non-oil exports in...

    • Posted December 22, 2014
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  • FAAC Report: NNPC owes Federation Account N3.8tn

    A report by the Post Mortem Sub-committee of the Federation Accounts Allocation Committee (FAAC) has alleged the Nigerian National Petroleum Corporation (NNPC) had outstanding domestic crude sales proceeds due to the Federation Accounts valued at N3.87 trillion...

    • Posted December 22, 2014
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  • FG considers harmonising Nigeria’s renewable energy efforts

    A proposal submitted by the Minister of State for Power, Mohammed Wakil, is seeking to blend Nigeria’s efforts in growing her renewable energy sector. The proposal, Wakil told THISDAY in a recent interview in Abuja, will likely...

    • Posted December 22, 2014
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  • IMF cuts Nigeria’s growth projection to 5%

    The International Monetary Fund (IMF) has forecast that the Nigerian economy will record a lower growth of five per cent in 2015. The Nigerian economy had grown by 6.1 per cent in the third quarter of 2014....

    • Posted December 21, 2014
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  • Okonjo-Iweala faults Civil Servants’ claim on outstanding salaries

    The Coordinating Minister of the Nigerian Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, has carpeted the Association of Senior Civil Servants of Nigeria as peddlers of falsehood for alleging that government owed civil servants salaries. This...

    • Posted December 21, 2014
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  • FAAN suspends cargo operations to MMIA

    The Federal Airports Authority of Nigeria (FAAN) has directed operators of all cargo flights to find alternative entry points for their cargo rather than the Murtala Muhammed International Airport (MMIA), Ikeja, Lagos. This is because the cargo...

    • Posted December 21, 2014
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  • Anambra Government projects $1.5bn investments for 2015

    The investment climate of Anambra State seems bright as the state government projects to attract about $1.5 billion worth of foreign direct investments into the state’s economy by the first quarter of 2015. Already, the  government says,...

    • Posted December 21, 2014
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  • Nigeria attracts $4bn agric investments in two years — Minister

    The Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, has said that President Goodluck Jonathan’s administration has attracted $4bn private sector investments in agriculture in the last two years. Adesina, who stated this in Abuja on...

    • Posted December 21, 2014
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  • Customs impound N54m expired poultry products

    The Federal Operations Unit Zone A of the Nigeria Customs Service has impounded over 10,000 cartons of frozen poultry products, with a duty paid value of N54m. The seizures were said to have been made in two...

    • Posted December 21, 2014
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  • 2015 budget proposal threatens infrastructure projects

    The Federal Government may find it difficult to implement key infrastructure projects next year going by the details of the 2015 budget proposal, which was presented to the National Assembly on Wednesday, findings have shown. This came...

    • Posted December 21, 2014
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  • Telecom operators bemoan multiple taxation

    Nigeria’s telecommunications operators face multiple taxes and fees at local, state and federal level, with service disruptions related to tax claims costing the sector millions of dollars annually,two of the country’s mobile operators told Reuters. Mobile phone...

    • Posted December 20, 2014
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  • Shell resumes Nigeria EA oil production

    Royal Dutch Shell on Thursday said it had resumed production of Nigerian EA crude oil and lifted its force majeure on the grade after completing repairs to a mooring platform. Shell shut down output on June 12...

    • Posted December 20, 2014
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  • CBN bars banks from holding funds in dollars

    The Central Bank of Nigeria has barred commercial banks from holding any part of their funds in United State dollars as it steps up efforts to reduce pressure on the naira. The CBN, in a circulated dated...

    • Posted December 20, 2014
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  • FG moves to stop Maritime workers strike

    Maritime Workers of Nigeria (MWUN) Wednesday shut the nation’s ports operations nationwide in protest against federal government refusal to resolve lingering industrial dispute in the sector. It was gathered that as early as 7 am, workers were...

    • Posted December 20, 2014
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