economic

The Nigerian National Petroleum Corporation (NNPC) has urged members of the Independent Petroleum Producers Group (IPPG) to participate in the forthcoming bid round for about 30 marginal oil fields which would soon be flagged off by the Federal Government. The Group Managing Director of the Corporation, Dr. Maikanti Baru, gave this charge when he received […]

A Federal High Court in Lagos has ordered permanent forfeiture of N 7, 644, 700, 000.00 belonging to former Minister of Petroleum Resources, Diezani Alison-Madueke, to the Federal Government.The money which is reasonable suspected to be proceeds of illegal activities was traced by the Economic and Financial Crimes Commission to an account in a new […]

The Nigeria Deposit Insurance Corporation (NDIC) is organising a five-day capacity building programme for senior officials of Ghana Deposit Protection Corporation (GDPC) as part of the NDIC’s efforts to assist member countries in the West African sub region to comprehend the relevance of Deposit Insurance System (DIS) in ensuring financial system stability. Three officials of […]

Dr Yemi Kale NBS Statistician General The inflation report for July 2017 made available from the National Bureau of Statistics(NBS) reveals that headline inflation has again reduced to 16.05 percent (year-on-year) in July 2017, compared to 16.10 percent in June 2016. This makes it the sixth consecutive decline in the rate of headline year on […]

The Central Bank of Nigeria (CBN) has continued its intervention in the interbank foreign exchange market to the tune of $250million in three segments of the market. In the wholesale segment of the interbank forex market, it sold $100 million and also uplifted the small and medium enterprises (SMEs) and invisible segments, with the sum […]

Kemi Adeosun The Federal Government withdrew the sum of N359.39bn from the Excess Crude Account in 2015 to fund the payment of petroleum products subsidy in 2015, the Fiscal Responsibility Commission has said. The FRC said this in a report on the Excess Crude Account obtained by our correspondent in Abuja. According to the FRC, […]

JAMB University Ranking UNILORIN is the University of First Choice in Nigeria….LASU Leads State Universities with Applicants ……. Again Covenant is the First Choice among Private Universities The University of Ilorin Kwara State in Central Nigeria, has emerged the 2017 university of first choice among student-applicants as the foremost citadel of learning in the Country, […]

Dr Yemi Kale NBS Statistician General The total value of capital imported into Nigeria in the second quarter of 2017 was estimated to be $1,792.3 million, the National Bureau of Statistics(NBS) in its latest report has said. In the report, the figure was $884.1 million more than the figure recorded in q1 2017, a growth […]

Finance Minister, Mrs Kemi Adeosun, has emerged the Chairperson of the Board of Governors of the Economic Community of West African States (ECOWAS) Bank for Investment and Development (EBID).She was named the new chairperson of EBID at the end of the 15th Ordinary Meeting of the board of governors of the bank in Abuja, the […]

stock market The Nigerian Stock Exchange (NSE) market capitalisation on Tuesday improved by N130 billion following gains posted by some highly capitalised equities. The market capitalisation rose by N130 billion or 1.03 per cent to close at N12.739 trillion compared with N12.609 trillion recorded on Monday. Similarly, the All-Share Index which opened at 36,584.44 inched […]Read More

AGF Ahmed Idris FAAC FAAC: FG, 36 States Share N2.56 tr in 6 Months- Investigations….Akwa Ibom, Lagos, 8 Others top list….Gombe, 5 Others get lowest allocations The Federal government, thirty-six states of the federation and the Federal Capital Territory (FCT) have so far shared the sum of N2.56 trillion in the first half of 2017 […]Read More

The President of Dangote Group, Alhaji Aliko Dangote, has said the company would invest $450 million in agriculture in Niger State over the next three years. Dangote, who made this known during the 2017 Niger State Investment Summit in Minna, said the funds would be used to establish a large scale rice processing mill to […]