economic

Oil prices were lower on Friday but on course for weekly gains, the third in a row in the case of Brent as the clean-up after hurricane in the United States gathers pace and the outlook for demand rise. U.S. West Texas Intermediate crude was above 50 dollars on hitting a four-month high and finished […]

DMO DMO The Director-General of Debt Management Office (DMO), Patience Oniha, has disclosed that the government is targeting the N100billion Islamic bond, Sukuk, on improving road infrastructure in the country. The Director-General said this at various stops of the roadshow organised to drum support for the bond, according to a statement issued by the agency […]

nigeria-coat-of-arms Nigeria’s public debt stock for both the Federal Government and the states as at June 30 stood at N19.63 trillion, the Debt Management Office (DMO) said. The DMO, according to a report on its website said the external debt stock of both the state and Federal governments was N4.6 trillion, while the domestic debt […]

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that the government will resist crude oil output cuts until it meets with the Organisation of Petroleum Exporting Countries (OPEC) and Russia later this month. The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, told the Financial Times in an interview that […]

LagosAirport LagosAirport The Murtala Muhammed Airport, Lagos and Nnamdi Azikiwe Airport, Abuja have been concessioned by the Federal Government, Vice President Yemi Osinbajo, has said. Osinbajo stated this in Abuja at the fifth edition of the presidential quarterly business forum organised by the Presidential Enabling Business Environment Committee (PEBEC) in the old Banquet Hall of […]

President Muhammadu Buhari President Muhammadu Buhari President Muhammadu Buhari has met with members of the National Council of traditional rulers and decried the way the Paris Club Refund was spent by some state governors. The Federal government had on May 4 released details of the second tranche of Paris Club refund to States totalling N243. […]

The three tiers of government need about N700billion monthly to meet up with obligations of salaries payment, statutory transfers and debt servicing, Vice-President Yemi Osinbajo has said. Osinbajo said this on Monday in Abuja at the opening session of a two-day national workshop on alternative sources of revenue generation for sustainable development in states and […]

President Muhammadu Buhari at Kaduna President Muhammadu Buhari at Kaduna President Muhammadu Buhari has inaugurated the N30 billion Integrated Feed Mill, Hatchery and Breeder Farm in Kaduna. Middle East Olam International Business Head, Mr. Vinod Kumar Mishra, had earlier said that when inaugurated, the multi-million dollar investment would utilise around 180,000 tonnes of corn and […]

The Publisher of PRNigeria, a press release platform for critical institutions, Yushau Shuaib has petitioned the Inspector General of Police(IGP) Mr. Ibrahim Idris over harassment and intimidation of his family members living in Abuja, especially the Gestapo style his family members were subjected to by a team of Policemen and woman from Lagos. In a […]

The production of locally-blended fertiliser has this year saved the Federal Government about $150 million (equivalent of N52 billion) hitherto spent on foreign exchange as well as N60 billion in budgetary provisions for fertiliser subsidy. The Senior Special Assistant to the President on Media and Publicity, Garba Shehu disclosed this at the weekend on Hannu […]

The Central Bank of Nigeria (CBN) has directed banks and other authorised dealers to immediately commence the issuance of electronic Certificates of Capital Importation (eCCI) with effect from September 19, 2017. The central bank stated this in a letter signed by its Director, Trade and Exchange Department, W.D. Gotring, a copy of which was posted […]

JAMB University Ranking Cut-off Grade ‘A’ University Cut-Off Marks: OAU, UNN 41 Others Lead With 180-200 – Investigations…Bauchi University, 166 Tertiary Institutions in Grade ‘C’ with Lowest cut-off of 100-145The Obafemi Awolowo University(OAU) Ile-Ife in Osun state, South West Nigeria and the University of Nigeria(UNN) Nsukka, South East Nigeria, with forty-one (41) other prominent universities […]Read More