FG Reiterates Commitment To Business Growth

The Federal government has assured interested Investors that it is committed to the development and growth of business in Nigeria. Minister of State for...

Nigeria’s Gas Flare Rate Now 12 Per cent

Nigeria’s Gas Flare Rate Now 12 Per cent The Gas flare rate in Nigeria stands at 12.00 per cent, the Nigerian National Petroleum Corporation (NNPC)...

FAAC: FG, States, LGs Share N647.390bn, Adeosun to Meet N

FAAC: FG, States, LGs Share N647.390bn, Adeosun to Meet NNPC The Federation Accounts and Allocation Committee meeting which was declared inconclusive yesterday, was today concluded...

Jonathan urges more women involvement in Nigeria’s economy

President Goodluck Ebele Jonathan has harped on the need for women empowerment, as well as involvement more women in the social-economic development of the...

Acting Customs CG Tasks Officers on Revenue Generation

Customs Area Controllers have been given marching orders to increase weekly average revenue from the current N13 billion to N35 billion. 2. The directive was...

Bumper Federation Account Allocations: FG, States, LGcs Share N5.9tr in 2017

Bumper Federation Account Allocations: FG, States, LGcs Share N5.9tr in 2017 FG, N2.5tr, States N3.3tr Lagos Got N201bn, Akwa-Ibom N197bn, … Gombe and Ebonyi N57bn each A...

IMF Supports OAGF on Cash Management

Mr. Idris made this remark today at an interactive session between the management of the Office of the Accountant-General of the Federation (OAGF) and a team from the IMF, who were at the Treasury on Technical Assistance Mission, aimed at strengthening Cash flow forecasting and Cash Management. AGF noted that the mission has been very enriching and mutually beneficial for both the OAGF team, the IMF, saying that while the capacity and skills of the OAGF team have been enhanced in the area of cash management, cash forecasting and TSA, the IMF team on their part have equally gained a lot: learning from the unique experiences of Nigeria as a developing economy with its own challenges in the area of cash management and forecasting. Speaking further, the Accountant-General assured of the commitment and determination of the Treasury, to do all within its powers to religiously implement the recommendation and agreed timelines, promising to bring other issues to the appropriate authorities. In a remark, the leader of the IMF Technical Team, Mr. Amine Mati, a Senior Resident Economist, Africa Department, who gave a report of their activities these past ten (10) days expressed their satisfaction with the work being done by the Accountant-General and his team and urged them strengthen the Cash Management Unit.

Otuwa Must Lead The Diversification Of Ecowas Economy – Ngige

The Minister of Labour and Employment, Sen. Chris Ngige has urged the Organisation of Trade Union of West Africa (OTUWA) to lead the vanguard for the diversification of the economy of the ECOWAS sub-region in view of the adverse effects of the global economic downturn. Sen. Ngige who spoke at the opening of the three-day Workshop of OTUWA, which opened today in Abuja, said the mono-economic base of the West African countries is largely responsible for their current economic woes.

Nigeria will Be Out of Recession In 2018- NBS Boss, Dr....

Nigeria will Be Out of Recession In 2018- NBS Boss, Dr. Yemi Kale … all things being equal Barring any further hitches, the Nigerian economy will...

CBN injects $210m into Forex market

CBN injects $210m into Forex market As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) commenced its last meeting for 2017,...

Pipeline Vandalisation: N470mn is Lost Daily on Gas and Electricity

This is in addition to losses to be incurred daily from affected Power generation ($1,988,223 or N391,680,000 daily). The total daily loss to the country is therefore estimated at N470,479,931. Repairs of the damaged pipeline is estimated as costing ($609,137 or N120,000.000). The real sector of the economy has also been counting its losses as some cement companies around Olorunsogo like Ewekoro and Ibese are also affected. The latest incident has occurred just as the Federal Government through the Ministry of Power, Works and Housing and the Ministry of Petroleum Resources along with allied agencies has been making concerted efforts to improve gas supplies to the Power Plants. Such efforts led to previously offline plants like Ihovbor and Sapele coming back online and the subsequent output making up for the loss in power. The pipelines are being actively monitored for further attacks or other unforeseen impacts.

FG, States And Lgs Share N418.452 Billion For May 2015

The three tiers of government in the country have shared a total of N418.452 billion federal revenue for the month of May 2015. A communiqué...

Why Rise In GDP, Revenues Don’t Reflect On The Poor In...

*VP LAYS OUT AN ECONOMIC OUTLINE OF THE BUHARI PRESIDENCY AT ICAN CONFERENCEAlthough Nigeria has recorded rising oil prices, GDP and foreign reserves during...

NCC Insists on Quality Service from Telecom Operators

the Nigerian Communications Commission (NCC) has declared a state of emergency on the Quality of Service from telecom operators in the country

Economic Downturn; Nigeria Will Emerge A Stronger Nation-Says Ngige

The Honourable Minister of Labour and Employment, Sen. Chris Ngige has expressed optimism that Nigeria will emerge from the present economic downturn a stronger and more prosperous nation

KEDCO Poised to Address Customers’ Complaints

KEDCO Poised to Address Customers’ Complaints The Managing Director and Chief Executive Officer of Kano Electricity Distribution Company (KEDCO) Dr. Jamilu Isyaku Gwamna( Sardaunan Gombe)...

Salaries Worth N2.295bn Paid to Buhari, Osinbajo and Others

Substantial cuts in the salaries of both President Muhammadu Buhari and Vice-President Professor Yemi Osinbajo earlier announced when the duo came to office last...

OPS to discuss economic strategy for Nigeria at WorldStage Summit

OPS to discuss economic strategy for Nigeria at WorldStage Summit At a time when attention is majorly focused on politics, as Nigeria is getting ready...

Taskforce Recovers Stolen Power Installations

The Anti Vandalism Task Force KEDCO has recovered electrical installations worth millions of Naira from suspected vandals in Kano.

NEPZA Welcomes Engr. Oni’s Appointment to board

NEPZA Welcomes Engr. Oni's Appointment to board The Managing Director of Nigeria Export Processing Zones Authority (NEPZA), Rt. Hon. Emmanuel Jime, has congratulated the former...

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