All posts tagged "headline"

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  Government revenue dips by N33bn, FAAC shares N387bn

  The Federation Accounts Allocation Committee on Thursday allocated a total of N386.9bn to the three tiers of government for the month of November. The amount, when compared to the N420bn distributed in October, represents a decline of...

  • Posted December 17, 2016
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  111 audit firms probe banks for non-remittance of taxes

  A total of 111 audit firms have started probing the 22 banks operating in the country for non-remittance of taxes and duties collected on behalf of the Federal Government. Investigation by our correspondent showed that the firms...

  • Posted December 17, 2016
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  NPL sale will provide respite for Nigerian banks – Fitch

  Efforts to establish a specialised company to acquire Nigerian banks’ non-performing loans will, if successful, ease the mounting asset quality problems, Fitch Ratings has said. Already, the Central Bank of Nigeria and the Nigeria Deposit Insurance Corporation...

  • Posted December 15, 2016
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  OPEC expects non-members to increase oil output in 2017

  OPEC said Wednesday it expects some non-cartel producers to ramp up production next year, encouraged by oil prices which OPEC has fought to drive higher with a recent output cut deal. Brazil and Canada — who did...

  • Posted December 15, 2016
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  Reps want local vendors in oil, gas sector paid

  The House of Representatives on Wednesday called for the payment of local vendors in the oil and gas industry in the bid to save the industry. This followed a motion by Rep. Henry Nwawuba (PDP-Imo), which was...

  • Posted December 15, 2016
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  FG moves to address bottlenecks in textile sector

  The federal government has unveiled measures aimed at tackling some of the industrial constraints in the nation’s textile sector. Part of the strategies being employed aim to from the drift of companies leaving the country and stop smuggling...

  • Posted December 13, 2016
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  Stakeholders call for investment in assets maintenance

  Engineers and experts in assets maintenance and management have called for more investment in the sector in order to engender economic growth. The Director, The Maintenance Institute, Africa, Mr. Jonathan David, stated at the first Africa maintenance...

  • Posted December 13, 2016
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  External reserves hit three-month high, near $25bn

  The nation’s foreign exchange reserves have risen to a three-month high of $24.97bn from a low of $23.89bn on October 19, the latest data from the Central Bank of Nigeria has shown. The reserves have dropped by...

  • Posted December 13, 2016
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  NCAA suspends cabin crew members for drug offences

  The Nigerian Civil Aviation Authority has suspended the licences of five cabin crew members for drug-related offences. The NCAA said the cabin crew members tested positive to marijuana during a multi-drug screening conducted on participants in the...

  • Posted December 13, 2016
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  FG reduces kerosene importation by 51.8 million litres

  The Federal Government has been systematically reducing the importation of House Hold Kerosene in a bid to increase domestic consumption of liquefied petroleum gas by various homes across the country. An analysis of the latest report on...

  • Posted December 12, 2016
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