Latest News

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  Customs to Generate N150 billion Monthly, N1.8 trillion a Year

  The Comptroller General of the Nigerian Customs Service (NCS), Alhaji Dikko Abdullahi has promised that they are targeting monthly revenue N150 billion next year. Dikko made the promise at the just-concluded Comptroller-General’s Annual Conference in Katsina, which...

  • Posted December 5, 2012
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  ACN, others berate Jonathan over N2.2 billion party hall

  Civil rights groups and the Action Congress of Nigeria condemned the President Goodluck Jonathan-led administration for approving the sum of N2.2bn for a banquet hall project for Aso Rock and borrowing N2.57tn in 18 months. They blasted...

  • Posted December 5, 2012
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  FG Will Hold Oil Licensing Round This Year- Alison-Madueke

  The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke has said Nigeria continues to set its sights on holding an oil-licensing round for marginal fields prior to the end of this year. “We sincerely hope to have a...

  • Posted December 5, 2012
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  Starcomms To Provide Mobile Broadband Data Service

  Capcom would be engaged in providing mobile broadband data services if their bid to buy over the assets and liabilities of distressed code division multiple access (CDMA) operator, Starcomms sails through, says the Capcom Chief Executive Officer,...

  • Posted December 4, 2012
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  Press Briefing On Measures To Resuscitatee The Capital Market By Dr Ngozi Okonjo – Iweala

  Distinguished DGs and MDs of Parastatals here present, distinguished ladies and gentlemen of the Press. Many of you are aware that activity on the Nigerian Capital Market, particularly the stock exchange, has been very slow in the...

  • Posted December 4, 2012
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  Stock Market Forbearance: FG Makes N22.6 billion Available

  The Federal Government has bailed out 84 stock brokerage firms with N22.6 billion to restore confidence in the stock market. In attempt to justify the move, Minister of Finance, Mrs. Ngozi Okonjo-Iweala, said at a press briefing...

  • Posted December 4, 2012
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  Pro-Corruption Government?: FG Slashes N11.7 billion from EFCC’s 2013 Budget

    The Economic and Financial Crimes Commission (EFCC) might not be very effective in 2013 because the Federal Government has reduced its budget for 2013 by over N11.7 billion. This development was disclosed by the chairman of...

  • Posted December 4, 2012
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  Vision 20: 2020 May Likely Fail – NESG

  Nigeria is seriously lagging behind its plan to become one of the world’s top 20 economies by 2020, and unless the pace of economic growth is seriously accelerated to cover a huge gap of about $730 billion,...

  • Posted December 4, 2012
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  Subsidy: 50 Oil Firms Collected N232 billion Illegally- Okonjo-Iweala

  Minister of Finance, Mrs. Ngozi Okonjo-Iweala said Fifty oil marketers illegally collected N232 billion from the Federal Government as fuel subsidy. Mrs. Ngozi Okonjo-Iweala who doubles as the Co-ordinating Minister for the Economy said the government has...

  • Posted December 4, 2012
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  Finance Ministry Releases N170 billion for Q4 2012 Budget

  The Finance Ministry has revealed that the government has released  N170 billion to cash back the portion of the budget appropriated for the fourth quarter. Speaking at a news conference in Abuja, Mrs. Okonjo-Iweala said the government...

  • Posted December 4, 2012
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  Nigeria Stock Exchange Watch: ASI (-0.43%) Declines, Hit by Profit takers

  Historically, December is a month that does not favour the fortunes of the stock market. Investors usually close their positions for the for various reasons, one of which includes to have some spending money for family and friends....

  • Posted December 3, 2012
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  Standard & Poors Rates GTBank Stable, Highlights Strengths and Weaknesses

    International Ratings Agency, Standards & Poors released a report on GTBank today. The agency rated the bank BB-/Stable/B, and rated key metrics such as Business Position and Risk Position, Adequate. The agency highlighted the banks strengths,...

  • Posted December 3, 2012
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  Political Parties Laud FG effort of curbing Fashola’s excessive loan taking

  The efforts by the Federal Goverment to caution and block additional loan request by the Lagos State Government from the World Bank has been applauded by the Conference of Political Parties in the State. This is coming...

  • Posted December 3, 2012
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  Sub-Saharan Africa records largest increase in DHL Global Connectedness Index

    DHL today released the second edition of the DHL Global Connectedness Index (GCI), a comprehensive analysis of the state of globalization around the world. The report, drawing on over one million data points from 2005 to...

  • Posted December 3, 2012
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