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All posts tagged "headline"

  • FG’s revenue may decline by 25% this quarter

    Nigeria’s federally collected revenue is likely to decline further by about 25 per cent this quarter, the chief executive officer, Financial Derivatives Company Limited (FDC), Mr. Bismarck Rewane has predicted. Rewane said the declining revenue will serve...

    • Posted March 24, 2015
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  • Dangote’s oil refinery to process 650,000bpd

    Africa’s richest man and President, Dangote Group, Alhaji Aliko Dangote, has said his oil refinery will process 650,000 barrels of crude oil per day. The completion of the plant, expected to come on stream in 2017, will...

    • Posted March 24, 2015
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  • Customs issues ultimatum on clearance of 2014 consignments

    The Nigeria Customs Service (NCS) has directed importers to clear vehicles and other goods imported into the country between January and December last year within two weeks. Both Tin Can Island and PTML Commands of the Customs...

    • Posted March 24, 2015
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  • FG set to begin disbursement of N220bn MSME Fund

    The federal government has commenced screening of Nigerian youths for entrepreneurship training with the launch at the weekend of the Youths Entrepreneurship Strategy (YES) in Oil and Gas Industry. Part of the N220 billion set aside for...

    • Posted March 24, 2015
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  • Expert faults electricity tariff cut

    The 50 per cent reduction in electricity tariff by the Nigerian Electricity Regulatory Commission is politically wise but makes no business sense, economists and power sector experts have said. According to them, the decision will result in...

    • Posted March 24, 2015
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  • Fidelity Bank set to boost ATM revenue

    Fidelity Bank Plc says it has made fresh investment in its Automated Teller Machine platforms as part of the efforts to improve on its service delivery. The bank said the investment in the upgrade of its ATMs...

    • Posted March 24, 2015
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  • Income tax windfall boosts public finances

    A pick-up in income tax receipts for the second month in a row meant Government borrowing fell by more than expected in February. Official figures from the Office for National Statistics showed that public sector net borrowing...

    • Posted March 24, 2015
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  • Banks to conclude Lekki seaport financing in September

    The financial arrangements for the Lekki Deep Seaport will be concluded in September, the promoter of the project, the Tolaram Group, has said. The Chairman of the group, Mr. Mohan Vaswani, said this in Lagos while receiving...

    • Posted March 24, 2015
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  • NNPC mulls longer term crude sale contracts

    As part of its new business strategies to overcome extant disruptions in the international crude oil market especially with regards to hydro-fracking technology and loss of patronage from the United States, Nigeria could resort to longer term...

    • Posted March 24, 2015
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  • FEC approved N1.43tn contracts in 2014

    The Federal Executive Council in 2014 approved a total of N1.43tn for various contracts in 12 government agencies. The amount is about N900m or 6.72 per cent higher than N1.35tn which the council approved in the 2013...

    • Posted March 23, 2015
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