All posts tagged "headline"

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  How National Assembly will spend its N125bn budget

  Legislators passed the 2017 budget yesterday and raised their vote from N115 billion to N125 billion. The legislators, for the first time in many years, revealed details of their budget following sustained public pressure. Senators and members...

  • Posted May 13, 2017
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  Oil sector locked down by few interest groups – Kachikwu

  Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that the country’s oil and gas sector has been held down by a few interest groups for so long. The minister, however, promised that his ministry...

  • Posted May 13, 2017
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  Privatisation: FG gets $5.6bn offer for 10 NIPP plants

  The Managing Director, Niger Delta Power Holding Company (NDPHC), Mr Chiedu Ugbo, has said that a $5.6 billion (about N1.76 trillion) sales offer has been made for the 10 National Integrated Power Plants (NIPP) plants built with...

  • Posted May 12, 2017
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  Shareholders approve Union Bank’s plan to raise N50billion in Tier 1 capital

  Shareholders at the 48th Annual General Meeting  of Union Bank Plc has concluded plan to raise about N50 billion in Tier 1 capital via rights issue in the second quarter of 2017. The plan, according to them,...

  • Posted May 12, 2017
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  FEC approves creation of trade negotiation office

  The Federal Executive Council on Wednesday approved a memo for the establishment of Nigerian office for trade negotiations. The Minister of Industry, Trade and Investment, Okechukwu Enalemah, later told State House reporters that the office would help...

  • Posted May 12, 2017
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  Google wants Nigeria to simplify taxes

  Nigeria’s government should simplify taxes and reduce fees involved in laying fibre optic cables to encourage development of infrastructure for the technology industry, Google’s manager in the West African country said on Tuesday. Juliet Ehimuan-Chiazor told Reuters...

  • Posted May 11, 2017
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  Reps begin probe of insurance covers for agencies

  A House of Representatives ad-hoc panel has commenced probe of insurance covers of some agencies that have questionable claims in their budgets. The agencies include the Nigeria Immigration Service (NIS),  the Nigeria Security and Civil Defence Corps...

  • Posted May 11, 2017
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  FG directs NEPZA to make Calabar FTZ a pilot industrial city

  President Muhammadu Buhari has asked the Nigeria Export Processing Zone Authority (NEPZA) to make Calabar Free Trade Zone a pilot industrial city in the country, the new managing director Emmanuel Jime announced this in Calabar, capital of...

  • Posted May 11, 2017
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  IMF raises Nigeria’s growth forecast to 1.9% in 2018

  The International Monetary Fund (IMF) has reviewed upward the economic growth projections for Nigeria from 0.7 percent to 1.9 percent in 2018. If that occurs, Nigeria would have been well out of recession and unto the path...

  • Posted May 11, 2017
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  NNPC awards Ajaokuta-Kaduna-Kano gas pipeline to Chinese firm

  The Nigerian National Petroleum Corporation (NNPC) has awarded the construction of Ajaokuta- Kaduna-Kano Gas pipeline to a Chinese company-China Petroleum Group Engineering Co., Ltd (CPGE). The company disclosed this yesterday in its project bid announcement to the...

  • Posted May 10, 2017
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