economic

The Federal Government has opened a website portal for the registration of prospective participants in its annual programme and warned applicants to disregard any website that offers alternative link for the YouWIN!Connect registration, demands money to facilitate the process or invites applicants to a meeting anywhere. The Ministry said that applicants can register free of […]

Yemi Osinbajo Yemi Osinbajo Acting President, Prof. Yemi Osinbajo has launched a world-class fertiliser plant, built by Indorama Eleme Fertiliser and Chemicals Limited in Port Harcourt, at the cost of $1.5 billion. The Acting President also used the opportunity to remind all Nigerians that time has come for them to grow whatever they eat and […]

Udo-Udoma Udo-Udoma Minister of Budget and National Planning, Senator Udoma Udo Udoma, has continued consultations on the draft 2018 – 2020 Medium Term Expenditure Framework (MTEF) with a session with the leadership and heads of relevant committees of the National Assembly. The meeting which is in keeping with the determination of the Executive to carry […]

The Nigerian Maritime Administration and Safety Agency has stressed the need to harness the huge economic opportunities in African seas and oceans. He stated that the African Union had declared the year 2015 to 2025 as the Decade of Africa’s Seas and Oceans, adding that this should be perceived as a shift in perspective and […]

The Economic and Financial Crimes Commission (EFCC) on Wednesday said it has recovered N328.9 billion from nine major oil marketers in one year, overdue payments for oil products lifted by the firms. Spokesman of the commission, Mr Wilson Uwujaren, disclosed this in a statement in Abuja. Uwujaren identified the marketers as NNPC Retail, Conoil Plc, […]

SEC SEC The Securities and Exchange Commission (SEC) in a circular culled from its website wishes to inform all Capital Market Operators (CMOs) and Public Limited Company (PLCs) on a new executive order by the Federal Government of Nigeria to comply with the new rule of Taxpayers on Voluntary Assets and Income Declaration Scheme (VAIDS) […]

Amb. Olusegun Olugbile Amb. Olusegun Olugbile I had a privilege of chairing the panel of speakers on Impact of e-Governance Strategy on Service Delivery in Nigeria during the recently concluded National Stakeholders Conference on Public Service Delivery in Nigeria organized by the House of Representative Committee on Governmental Affair and African Development Studies Center recently […]

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained rates across board, warning that the economy might relapse into worst recession as key macroeconomic indicators pointed to a fragile economic recovery in the second quarter of the year. The MPC identified the downside risks to economic outlook to include weak […]

The Nigerian Society of Engineers (NSE) has commended the Nigerian National Petroleum Corporation (NNPC) for stabilizing the supply and distribution of petroleum products and for crashing the price of Automotive Gas Oil (AGO) otherwise known as diesel across the length and breadth of the country. NSE President, Engr. Otis Anyaeji, gave this commendation when he […]

Ahmed Idris AGF Ahmed Idris AGF The three tiers of government have shared N652.229 billion as statutory revenue for the month of June. The Federal Government got the lion share of N286.650 billion, states-N178.619 billion and local government councils-N134.927 billion. Oil producing states got N29.894 billion as 13 per cent derivation. The Accountant-General of Federation, […]Read More

Nigeria has agreed to cut its crude oil output when production reaches 1.8 million barrels per day inline with the directive of the Organisation of Petroleum Exporting Countries (OPEC). OPEC on Monday called on several members to ensure compliance with production cuts to help clear excessive global stocks and support flagging prices. The group has […]

Nigeria has lost 150,000 barrels of crude from an attack on its Trans Niger Pipeline in Ogoniland, the Group Managing Director. Dr. Maikanti Baru, has said. Baru said the attack will affect the Corporation’s plan to sustain its last week’s record of 2.2million barrels production per day. On the possibility of sustaining the feat, he […]Read More