News - Business and Economy

Senate Needs Nigerians To Partake In $10bn Investment In Gas Sector

1 week ago /

Senate has thrown its weight behind the $10bn Train7 project investment in the nation’s gas sector, urging Nigerians to actively participate in the project.

FIRS, First Bank To Settle Out Of Court N25bn Damages

1 week ago /

Federal Inland Revenue Service (FIRS) and First Bank Plc have opted for out of court settlement in a N25 billion damages suit filed against them by an indigenous company.

Senate Panel Rejects CBN Governor’s Representative

2 weeks ago /

The Senate Committee on Finance on Monday walked out the representatives of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over the issue of exchange rates differentials in the funding of some critical government projects.

Federal Government Promise To Support Dangote Refinery

2 weeks ago /

Minister of State for Petroleum Resources, Timipre Sylva, has said governments across the world will support a project with the likes of Dangote Petroleum Refinery.

Multichoice Offers Special Discount On Dstv, Gotv At Trade Fair

2 weeks ago /

MultiChoice Nigeria will be offering its DStv and GOtv decoders at special discounted prices during the Lagos International Trade Fair holding between November 1 and 10 at the Tafawa Balewa Square, Lagos.

Goodluck Jonathan Explains Why His Administration Did Not Deliver Report

4 months ago /

Former President Goodluck Jonathan has explained the reason why his administration could not implement the report of the 2014 National Conference before leaving the office.

NNPC Advises Motorists And Others To Disregard Fuel Hike Rumour

4 months ago /

The Nigerian National Petroleum Corporation (NNPC) has advised motorists and other petroleum products consumers to disregard trending rumours of a planned hike in the pump price of Premium Motor Spirit (PMS), otherwise called petrol.

CBN Intensifies Financial Literacy Consumer Protection Campaign

4 months ago /

The Central Bank of Nigeria (CBN) has continued to intensify its campaign aimed at creating a knowledgeable customer base for financial institutions.

Nigeria’s Debt Grows to N24.947tn in Q1

4 months ago /

A marginal increase of N560.009 billion, representing 2.3 per cent rise in the first quarter (Q1) of 2019, has pushed Nigeria’s total public debt, comprising the federal government, states and the Federal Capital Territory (FCT) debt stocks to N24.947 trillion or $ 81.274 billion as at March 31, 2019, according to data from the Debt Management Office (DMO).

Osinbajo On Human Capital Development

4 months ago /

Vice President Yemi Osinbajo has continued to emphasize the firm commitment of the Buhari administration on Human Capital Development, stating that the Federal Government is creating economic opportunities for young people, and ensuring a conducive environment for businesses to thrive in the country.

The EFCC Re-Arraigned Former Ekiti State Governor

4 months ago /

The Economic and Financial Crimes Commission (EFCC) yesterday re-arraigned former Ekiti State Governor, Ayo Fayose, for alleged money laundering.

U.S. To Re-Start China Trade Talks

4 months ago /

The United States hopes to re-launch trade talks with China after President Donald Trump and President Xi Jinping meet in Japan on Saturday, but Washington will not accept any conditions around the U.S. use of tariffs in the dispute, a senior administration official said on Tuesday.

Emefiele Promises To Recapitalise Nigerian Banks

5 months ago /

The Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, has pledged to reposition Nigerian banks through recapitalisation during in his second term.

White House Outlines $50bn Middle East Economic Plan

5 months ago /

The White House on Saturday outlined a $50 billion middle east economic plan that would create a global investment fund to lift the Palestinian and neighboring Arab State economies, and fund a $5 billion transportation corridor to connect the west bank and Gaza.

Zimbabwe To Introduce New Currency In 2020

5 months ago /

Zimbabwe's President Emmerson Mnangagwa has said that he wants to implement a national currency by March 2020.

Oguta, Ohaji Egbema Youths Demand 13% Derivation

5 months ago /

Hundreds of youths from Oguta and Ohaji Egbema council areas of Imo state have taken to the Streets of Owerri the Imo state capital to demand 13% derivation from the new administration of Emeka Ihedioha.

NNPC Subsidiary Posts N6.75bn Profit In 2018

5 months ago /

The National Engineering and Technical Company Limited, NECTO, a subsidiary of the Nigerian National Petroleum Corporation has posted a total profit of six point seven five billion naira in 2018.

CBN Funds Cotton, Textile And Garment Value Chains In South East, South South

5 months ago /

The Governor of the Central Bank of Nigeria, Godwin Emefiele has emphasized the need for diversification of the economy for the rapid growth of the country's economy and reduction of unemployment.

NDDC Reaffirms Commitment To Sustainable Regional Development

5 months ago /

The Acting Managing Director of the Niger Delta Development Commission, NDDC, Professor Nelson Brambaifa says the commission will work closely with Niger Deltans in order to achieve sustainable regional development.

Putin Says U.S. and Russia Relations Are Worse

5 months ago /

President Vladimir Putin said relations between Moscow and Washington are getting worse, noting in an interview published on Thursday that the current U.S. administration had imposed dozens of sanctions on Russia.


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