Don't Miss


Latest News

  • Fresh loan: FG doles out N50bn to 35 states

    The Federal Government has begun the disbursement of the first tranche of the N90bn conditional loan facility to some of the 35 states that have so far applied for the loan. The Minister of Finance, Mrs Kemi...

    • Posted July 11, 2016
    • 0
  • FG spends N6.24bn on pensions monthly

    The Federal Government pays a total of N6.24bn every month as pensions under the management of the Pension Transitional Arrangement Directorate, a report sent to the National Pension Commission by the PTAD has shown. “An Analysis of...

    • Posted July 11, 2016
    • 0
  • NSE lost 17% of income in 2015 – Report

    The total income of the Nigerian Stock Exchange (NSE) dropped by 17 per cent in the 2015 financial year, its annual report showed. The income dropped to N6.61bn from N7.733bn. “Top line revenues, primarily composed of transaction...

    • Posted July 10, 2016
    • 0
  • Stanbic IBTC, Google partner on digital inclusion in Nigeria

    Stanbic IBTC Bank says it is collaborating with Google to train youths and Small and Medium-Scale Enterprises (SMEs) operators in Nigeria on digital skills. A statement issued by the bank on Saturday said that the collaboration would facilitate...

    • Posted July 10, 2016
    • 0
  • Nigeria not among top gas flaring countries – NLNG

    The Managing Director, Nigerian Liquefied Natural Gas Limited (NLNG), Mr. Babs Omotowa, says the country is no longer among the top gas flaring   nations in the world. According to him, the NLNG has reduced Nigeria’s gas flaring...

    • Posted July 10, 2016
    • 0
  • NNPC opens dialogue with PENGASSAN as FG cries out over low oil output

    The Nigerian National Petroleum Corporation (NNPC) on Friday said it has begun dialogue with striking members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) to address their grievances. This is as the federal...

    • Posted July 10, 2016
    • 0
  • Customs seek prompt payment of duties

    The Nigeria Customs Service (NCS) has stepped up a campaign to ensure that duty accruable to government was promptly paid into the federation account. The service launched the campaign following the increasing number of defaulting firms in...

    • Posted July 10, 2016
    • 0
  • NCAA authorises domestic airlines to increase fares

    The Nigeria Civil Aviation Authority (NCAA) has directed domestic airlines to increase the fares payable on air tickets to ensure safe and efficient services to air travelers. Specifically, the NCAA, which is the regulatory body for aviation...

    • Posted July 9, 2016
    • 1
  • Foreign airlines lose N67bn to new forex policy

    The over 25 foreign airlines flying into Nigeria have lost a combined sum of $240m (N67.2bn) following the adoption of a new foreign exchange policy by the Central Bank of Nigeria, investigations by our correspondent have revealed....

    • Posted July 9, 2016
    • 0
  • Skye Bank to shore up liquidity for profitability

    The new management of Skye Bank Plc on Friday said that they would shore up liquidity to enhance its profitability within the shortest period. Mr Tokunbo Abiru, Skye Bank new Managing director, made the declaration during a...

    • Posted July 9, 2016
    • 0
  • US firm woos Nigerian entrepreneurs with green cards

    An American firm, GO EB5 Investment for Green Card, is wooing entrepreneurs from Nigeria who have money to invest and desire to secure a future for their families in the United States with a promise of American...

    • Posted July 9, 2016
    • 0
  • FG spends N446bn to service debt in four months

    The Federal Government spent a total of N446.44bn to service the nation’s domestic and external debts between January and April this year, figures obtained from the Federal Ministry of Finance have revealed. The figures are contained in...

    • Posted July 8, 2016
    • 0
  • Group condemns FG’s borrowing plan

    A Non-Governmental Organisation specialising in public debt and social welfare, Social Action, has condemned the Federal Government’s plan to borrow $7.8bn to finance the budget deficit of N2.2tn for this year. In a statement made available to...

    • Posted July 8, 2016
    • 0
  • Ghana blames power outage on Nigeria’s oil sabotage

    Ghanaian President, John Mahama, on Wednesday said the delay in the delivery of the crude oil ordered from Nigeria had created power generation problems for his country, leading to outages in many parts. Mahama said the sabotage...

    • Posted July 8, 2016
    • 0