All posts tagged "featured"

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  Fashola defends electricity tariff hike

  The Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Tuesday justified the 45 per cent increment in electricity tariff, which took effect on Monday, stressing that the action remained the only way to enhance stable...

  • Posted February 4, 2016
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  Buhari laments declining fortunes of oil sector

  President Muhammadu Buhari has lamented the declining fortunes of the nation’s oil sector. He expressed his sadness at the ugly turn in the nation’s oil sector at the luncheon organised in his honour on Tuesday by the...

  • Posted February 4, 2016
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  Investment inflows declined by N2.18tn in 2015 – NBS

  The National Bureau of Statistics on Tuesday stated that investment inflows into the country dropped by $11.1bn (N2.18tn) from $20.75bn in 2014 to $9.64bn at the end of the 2015 fiscal year. The bureau, in its capital...

  • Posted February 4, 2016
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  FG may sell $100bn assets to shore up foreign reserves

  Following the continued depletion of Nigeria’s external reserves as a result of dwindling crude oil prices and huge demand for the green back, experts in the nation’s financial sectors have stated that the federal government may sell...

  • Posted February 4, 2016
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  LCCI supports FG’s plan to make more Nigerians pay tax

  Lagos Chambers of Commerce and Industry (LCCI) has expressed support for the plans by the federal government to widen the tax net. President of LCCI, Chief Nike Akande, who spoke with journalists after meeting with the Vice-President,...

  • Posted February 4, 2016
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  FIRS targets N5tn revenue in 2016 non-oil revenue to account for 80% of earnings

  The Federal Inland Revenue Service (FIRS) on Tuesday disclosed that its proposed revenue target for the 2016 fiscal year is N4.957 trillion, which is N385 billion higher than the N4.572 trillion in  2015. Of the N4.957 trillion...

  • Posted February 4, 2016
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  FG paid zero subsidy in January – Kachikwu

  Following the commencement of the new price regime for petroleum products, the federal government yesterday disclosed that it did not pay any subsidy on products in January 2016, despite having paid about N1.1 trillion in 2015. The...

  • Posted February 4, 2016
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  NAICOM releases requirements for re-registration of insurance brokers

  The National Insurance Commission (NAICOM) has released requirements for re- registration of insurance brokers whose licenses had lapsed. The requirements, which was arranged in seven phases and published on the commission’s official website stipulated that an insurance...

  • Posted February 4, 2016
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  Agip loses 16,000bpd of crude to pipeline explosion

  The Nigerian Agip Oil Company is losing about 16,000 barrels of crude oil per day due to explosion that recently rocked its pipelines in Bayelsa State, Eni, Italian energy firm and parent company of Agip, has said....

  • Posted February 3, 2016
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  Prepaid meters will go round in one year – NERC

  The Nigerian Electricity Regulatory Commission has said that the new electricity tariff regime has the mechanism to meter all consumers within one year. This came on Monday as power distribution companies began the implementation of the new...

  • Posted February 3, 2016
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