News - Business and Economy

President Goodluck Jonathan launches Nigerian Industrial Revolution Plan

3 years ago /

The federal government is to create 774 enterprise zones in all local government areas to boost small and medium scale enterprises.

Nigerians demand the passage of the Petroleum Industry Bill

3 years ago /

Against the backdrop of the controversial allegations of oil revenue diversion and counter-claims on the same issue between the Central Bank of Nigeria (CBN) and the Nigerian National Petroleum Corporation (NNPC), the Petroleum Industry Bill (PIB) is once again coming to the fore.

Association calls for government loans to build and run oil refineries

3 years ago /

Independent petroleum marketers have assured Nigerians that there is no cause for alarm on rumours of an impending fuel scarcity. 

House of Reps moves to create Nigeria's Financial Intelligence Agency

3 years ago /

Nigeria’s House of Representatives is seeking to establish the Nigerian Financial Intelligence Agency.

"24.5 billion dollars has been transported illegally across the border" - EFCC

3 years ago /

The negative effects of money laundering on Nigerian economy have been discussed in several other articles. The EFCC is now coming hard on operators of Bureau De change who are involved in the cross border movement of illicit funds, particularly the uncertified ones.

First "Made in Nigeria" vehicle to be released in April

3 years ago /

The first ‘Made in Nigeria’ 4 x 4 utility vehicle will be rolled out in April 2014 using the old Volkswagen assembly plant. 

Senate moves to amend the AMCON ACT of 2010

3 years ago /

A Bill to amend the Asset management Corporation of Nigeria Act of 2010, AMCON 2010, scaled the second reading.

Nigeria records laudable economic achievement

3 years ago /

Minister of Trade and Investment, Olusegun Aganga announced that Nigeria is set to be home to the largest cement producing plant in the world. 

President Jonathan moves to revitalize the manufacturing sector

3 years ago /

President Goodluck Jonathan has said that one of the focal points of his administration is to revitalize the ailing manufacturing sector.

Ngozi Okonjo-Iweala yet to submit response to Committee's 50 questions

3 years ago /

It is over three weeks since December 19, 2013 when the Finance committee set a timeline for the Minister to submit her response to the fifty questions raised. The Minister is, however et to submit her response.

Edo state launches the Tax Payer Identification Number Project

3 years ago /

Governor Oshiomole has launched the Tax Payer Identification Number project.

CBN DEPUTY GOVERNOR SET TO RETIRE

3 years ago /

Deputy Governor in charge of the operations directorate, Central Bank of Nigeria Babatunde Olakunle Lemo, is set to retire from the apex bank on Friday, January 10, 2014.

 

NLC goes in strike in Nasarrawa state

3 years ago /

The Nasarawa state chapter of the Nigeria Labour Congress has declared a trade dispute with the state government over demands for promotion and payment of benefits of its deserving members.

Jonathan celebrates growing relations with China

3 years ago /

President Goodluck Jonathan on Monday, in Abuja, applauded the growing bilateral relations between Nigeria and China, which has resulted in a  phenomenal increase in trade between both countries.

ACTIVISTS, GROUPS, INDIVIDUALS CONDEMN 2014 BUDGET PROPOSAL

3 years ago /

The 2014 Budget proposal presented to the National Assembly by Minister of Finance, Dr. Ngozi Okonjo-Iweala has greatly offended numerous Nigerians who consider the spending habits of the Federal government ridiculous.

PENGASSAN PLANS NEW YEAR'S GIFT FOR NIGERIA

3 years ago /

In  what can only be a terrible New Year’s gift to Nigerians, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the National Union of Petroleum and Natural Gas Employees on Tuesday threatened to commence stoke action on the 1st of January, 2014.

Imo state government seals off 8 commercial banks

3 years ago /

The full wrath of the Imo state government is urgently being visited on eight commercial banks in the state for failure to pay tax.

Japan should embrace nuclear power, government panel says

3 years ago /

Japan should embrace nuclear power as an "important and fundamental" energy source, a government panel said on Friday, in advice that looks almost certain to be accepted, despite widespread anti-nuclear feeling after the Fukushima disaster.

SAMBO RAISES ALARM OVER RATE OF OIL THEFT IN THE COUNTRY

3 years ago /

The Nigerian government says the menace of oil theft is undermining efforts at delivering its pledge to transform the country.

AT LEAST 48 BILLION DOLLARS FEARED MISSING FROM NIGERIA'S FEDERATION ACCOUNT

3 years ago /

In yet another controversy surrounding the Nigerian National Petroleum Corporation, NNPC, the Central bank Governor has taken decisive measures to ensure that proper investigations be carried out into the activities of the organization.