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Fed govt lifts suspension on pioneer industries, products status

The federal government said it has lifted the administrative suspension on processing Pioneer Status Incentives (PSI) applications, following the conclusion of critical reforms to the incentive regime.

Naira in circulation drops by 5.6% to N1.77trn – Central bank

The Central Bank of Nigeria (CBN) has disclosed that Naira currency in circulation dropped by 5.6 per cent to N1.77 trillion in July 2017.

Naira crashes against dollar, other currencies

The Naira, yesterday, crashed in the parallel market, Investors and Exporters (I&E) window.

Central bank releases $425m trapped funds to foreign airlines

The IATA representative noted that this situation had forced many airlines in the past to terminate their operations into Nigeria due to non-remittance of their money for sale of tickets.

Nigerians may access SME loans with movable assets – Saraki

The President of the Senate, Bukola Saraki, has stated that the inability to access finance, inadequate power supply and the underdeveloped transport systems are major factors hindering millions of productive but unemployed and underemployed youths from starting small businesses.

Nigeria’s creditworthiness improved with stronger economic outlook – UBS

UBS Wealth Management’s Chief Investment Office (CIO) has launched a new report on Africa’s sovereign credit prospects, an important benchmark used to evaluate the risk of investing in a country.

Sovereign Wealth Fund contributors to reap dividends from 2018

The Managing Director, Nigeria Sovereign Investment Authority (NSIA), Uche Orji, said on Monday that contributors to the Sovereign Wealth Fund will be eligible to dividends from 2018.

Central bank boosts Forex market with $195m

The Central Bank of Nigeria (CBN) on Monday boosted the Foreign Exchange (FOREX) market by 195 million dollars intervention in three segments of the market.

Nigeria’s crude production stands at 2.35 million barrels per day – NNPC

The Nigerian National Petroleum Corporation, NNPC, said on Monday the nation’s current crude oil production had risen to 2.35 million barrels per day.

Trading resumes on positive trend, index increases 0.27 per cent

Trading activities resumed for the week on Monday still on a positive mood with the All-Share Index improving by 0.27 per cent.

Kebbi to export 2,000 goats daily to Saudi Arabia

The Kebbi State Government has said that it had concluded arrangements with Jaiz Bank to start exporting 2, 000 goats daily to Saudi Arabia as part of measures to boost its Internal Generated Revenue (IGR).

Nigeria lost $60bn to non-enforcement of PSCs with Oil majors – Kachikwu

The Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu, says Nigeria has lost about $60 billion to the non-enforcement of the terms of the Production Sharing Contracts signed between the federal government and the international oil companies.

Oil magnate urges fed govt to compel banks to assist indigenous companies

Capt. Emmanuel Iheanacho, the Chairman, Integrated Oil and Gas Ltd., has appealed to Federal Government to compel financial institutions to make funds available to indigenous companies willing to build modular refineries.

Arik Air gets fresh international certification

Arik Air has become the latest African airline to be listed on the International Air Transport Association (IATA) ground operations manual (IGOM) registry.

Nigeria needs meters to account for daily oil production – Sen. Oduah

A lawmaker, Sen. Stella Oduah, has urged Nigeria National Petroleum Corporation to put an adequate metering system in place to enable Nigerians to know the country’s exact daily oil production.

Fed govt lifts suspension on tax holidays for pioneer companies

The Federal Government on Monday announced the lifting of the administrative suspension Pioneer Status Incentives, following the conclusion of critical reforms to the incentive regime.

Grant tax relief to industries operating in Nigeria – Broker begs fed govt

Chief Angus Uzoamaka, an Abuja-based insurance broker, has urged the Federal Government to consider tax relief for industries operating in Nigeria in order to boost economic development.

Bank of Industry disburses N21m to 438 traders in Bauchi

The Bank of Industry (BoI) has disbursed a fresh N21 million loan to 438 traders in Bauchi State.

Recent Stories

The ruling All Progressives Congress APC has blamed the Peoples Democratic Party PDP for being vicariously responsible for the attack on a former Deputy Senate President, Ike Ekweremadu by members of the outlawed Indigenous People of Biafra IPOB in Germany.

Ndi-Igbo Germany apologises over attack on Senator Ekweremadu

Ndi-Igbo Germany, an umbrella body of Igbo people living in Germany on Monday tendered an unreserved apology to the former Deputy President of the Senate, Senator Ike Ekweremadu, over the weekend attack on him by members of the proscribed Indigenous Peoples of Biafra in Nuremberg, Germany.

Kaduna governorship tribunal ends sitting, reserves ruling

The Kaduna State Governorship Election Petition Tribunal has adjourned sitting on Monday after counsel adopted their final written addresses and replies to points of law.
Teslim Folarin

Senate: Multinational companies must give 30 per cent top workforce to Nigerians

Chairman Senate Committee on Local Content, Senator Teslim Folarin, has said the committee will ensure that every multinational company in Nigeria complies with 30 per cent involvement of Nigerians in the top management positions.
The ruling All Progressives Congress APC has blamed the Peoples Democratic Party PDP for being vicariously responsible for the attack on a former Deputy Senate President, Ike Ekweremadu by members of the outlawed Indigenous People of Biafra IPOB in Germany.

Senator Ekweremadu reacts to Nnamdi Kanu’s threat to attack Igbo leaders

Former deputy Senate president, Ike Ekweremadu, has advised South East leaders to feel free to travel abroad, saying his attack on Saturday by members of the outlawed IPOB did not represent the behaviour of the larger Igbo people in the diaspora.
The ruling All Progressives Congress APC has blamed the Peoples Democratic Party PDP for being vicariously responsible for the attack on a former Deputy Senate President, Ike Ekweremadu by members of the outlawed Indigenous People of Biafra IPOB in Germany.

Senator Ekweremadu: Those who attacked me were under the influence of alcohol, drugs

Former Deputy President of the Senate, Senator Ike Ekweremadu, Monday said that members of the Indigenous Peoples of Biafra, IPOB, who attacked him weekend in Nuremberg, Germany, were under the influence of alcohol and drugs.