economic

The Wife of Nigeria’s President, Aisha Buhari, recently raised an alarm early in the year when she visited Kano State. She said Northern youth, including women, were wasting their lives with drug abuse. She urged political and religious leaders in the region to urgently find a solution to the menace. Recently too at a meeting […]

The Federal Executive Council (FEC) has approved tax holiday for 27 pioneer industries under the Industrial Development Income Tax Relief Act. The Minister of Industry, Trade and Investment, Okechukwu Enelamah, made the disclosure to State House correspondents at the end of a meeting of the Federal Executive Council (FEC) presided over by Acting President Yemi […]

Two sets of alternative financing agreements on Joint Venture (JV) projects to boost reserves and production in line with government’s aspiration were executed in London on Monday between the Nigerian National Petroleum Corporation (NNPC) and two of its JV partners: NNPC/Chevron Nigeria Limited (CNL) JV and NNPC/Shell Petroleum Development Company (SPDC) JV. The two projects […]

southeast of Baghdad, November 23, 2014. Picture taken November 23, 2014. REUTERS/Essam Al-Sudani (IRAQ – Tags: POLITICS ENERGY BUSINESS) southeast of Baghdad, November 23, 2014. Picture taken November 23, 2014. REUTERS/Essam Al-Sudani (IRAQ – Tags: POLITICS ENERGY BUSINESS) The Nigerian National Petroleum Corporation (NNPC) has said the West African Gas Pipeline (WAGP) would be extended […]

Jaiz Bank Plc. has recorded 312.3 per cent profit in the first half with significant growths in income and profitability. Key extracts of the interim report and accounts of Jaiz Bank for the six-month period ended June 30, 2017 showed that gross income grew by 45.7 per cent while profit rose by 312 per cent. […]

stock market The Nigerian Stock Exchange market capitalisation soared by N79bn on Thursday as 26 counters appreciated. The NSE All-Share Index advanced by 0.62 per cent at the end of trading, pushing the year-to-date return to 38.18 per cent. A total of 412.122 million shares valued at N4.721bn exchanged hands in 4,207 deals. The total […]Read More

The 19 Northern states governors have kick-started a fund raising drive to reinvigorate the Bank of the North which was merged with some financial institutions about a decade ago. Gov. Abdullahi Ganduje of Kano State disclosed this while addressing members of the State’s Executive Council in Kano. Ganduje said governors of the 19 Northern states […]

Kemi Adeosun Kemi Adeosun The Minister of Finance, Mrs. Kemi Adeosun, has said that 55 per cent of the revenue generated by the Federal Government from Value Added Tax receipts was being collected from Lagos State. Adeosun, according to an online publication, TheCable, said this during a meeting with members of the Progressive Governors’ Forum […]

The Acting President, Prof. Yemi Osinbajo, says mining and agriculture will be the focus of the Federal Government for rapid economic development. Osinbajo made the pledge in Argungu on Tuesday while inaugurating the N10 billion WACOT Rice Mill in Argungu Emirate of Kebbi state. He said the continued investment in agricultural production by the private […]

Dangote Industries Limited sold 2.3 per cent stake in Dangote Cement Plc to foreign investors on Tuesday in a stock market deal valued at N86.1bn ($236m). Africa’s biggest cement maker has been selling small stakes to increase its free float, which is well below the Nigerian Stock Exchange’s required level. Reuters, on Tuesday, quoted a […]Read More

Hon. Samuel Onuigbo The recent logical hypothesis correlating Boko Haram insurgency and herdsmen-farmers crises put forward by the Chairman, House Committee on Climate Change, Hon. Samuel Onuigbo, calls for a deep reflection and intellectual engagements on how avoidable crises have gone perennial in Nigeria. Perhaps the results of psychological exercises suggested here would lay foundation […]

NASS President Bukola Saraki “I swear by the Almighty Allah to do justice. We are all human beings and not God, we must be fair and just,” – Umar Danladi Those were the words of the Chairman of Code of Conduct Tribunal (CCT), Danladi Umar, at the resumed hearing on the trial of Bukola Saraki […]