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  • NIPOST set to explore opportunities in e-commerce

    The Nigerian Postal Service will explore opportunities created by the evolving electronic commerce architecture to increase its revenue profile, the Postmaster General of the Federation, Mr. Bisi Adegbuyi, has said. Adegbuyi said this during the celebration of...

    • Posted October 5, 2016
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  • Loans: World Bank demands more reforms from Nigeria

    Plans by the Federal Government to borrow billions of dollars from the World Bank to plug its budget deficit have run into delays as the international lender is demanding for further reforms from the government as a...

    • Posted October 5, 2016
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  • Analysts predict stable financial markets this week

    Analysts in the country’s capital market foresee a stable equities and fixed income markets this week given last week’s market activities. The Nigerian Stock Exchange All-Share Index would have closed lower last week but for the surge...

    • Posted October 5, 2016
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  • FG calls for lifting of suspension on Nigeria’s cocoa exports to US market

    The federal government at the weekend  officially made a case for the lifting of the suspension placed on Nigeria’s export of cocoa to the United States’ market. The Minister of Labour and Employment, Senator Chris Ngige, made...

    • Posted October 4, 2016
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  • Saudi investments in Nigeria too low – Tambuwal laments

    Governor Aminu Waziri Tambuwal of Sokoto has decried the low level of investments of Saudi Arabian businessmen in the state and Nigeria in general. Tambuwal said this at the weekend in Sokoto when the Consul-General of the Royal...

    • Posted October 4, 2016
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  • Fuel import: FG saves N173bn in five months

    The Federal Government says it has been saving a total of $4m (N1.22bn) daily in fuel import bill since May 12, this year when it stopped paying subsidy claims to importers. The Minister of Budget and National...

    • Posted October 4, 2016
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  • Power sector losses reduce as generation picks up

    The daily losses being recorded by operators in the power sector have reduced as electricity generation picks up gradually across the country. An analysis of the power industry statistics obtained by our correspondent in Abuja on Sunday...

    • Posted October 4, 2016
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  • Oil price hits $50, Nigeria’s exports to rise

    Global oil benchmark, Brent crude, extended its rally on Sunday to hit the $50 per barrel mark, the third time this year. This comes as the expected return of the Forcados export terminal has helped to boost...

    • Posted October 4, 2016
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  • Experts predict more job losses as economy wobbles

    Economic and human resources experts have said that the rising rate of unemployment will persist in the country in the foreseeable future due to the current parlous state of the economy. According to them, the combination of...

    • Posted October 4, 2016
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  • External reserve falls to $24.59bn

    Nigeria’s foreign exchange reserves fell to $24.59bn by September 28, down 3.37 per cent from the previous month, the latest Central Bank of Nigeria data showed on Friday, as the bank stepped up its intervention to prop...

    • Posted October 2, 2016
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  • Warri refinery unaffected by nearby explosion – NUPENG

    Crude oil production at the Warri refinery in the country’s restive Niger Delta region has not been affected by an explosion heard near the site, the Nigeria Union of Petroleum and Natural Gas Workers said on Friday....

    • Posted October 2, 2016
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  • Stakeholders kick over Adeosun’s moves to merge Customs with FIRS

    Stakeholders in the maritime industry have flayed moves by the Minister of Finance, Mrs. Kemi Adeosun to merge the Nigeria Customs Service (NCS) with the Federal Inland Revenue Service (FIRS). The stakeholders who spoke with THISDAY argued...

    • Posted October 2, 2016
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  • FG working to boost patronage of made-in-Nigeria products – Buhari

    President Muhammadu Buhari on Thursday said his administration is currently working to improve patronage of locally made goods as well as enhance access to finance for Small and Medium-Scale Enterprises (SMEs) across the country. He said efforts were...

    • Posted October 1, 2016
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  • NIMASA’s delay in remitting N300m freight duties impinges on export grants – Awolowo

    The Executive Director/Chief Executive, Nigerian Export Promotion Council (NEPC), Mr. Olusegun Awolowo on Thursday lamented the inability of the Nigerian Maritime Administration and Safety Agency (NIMASA) to release the 10 percent levies on freights collection to NEPC as...

    • Posted October 1, 2016
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