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NCC: Investment in Nigeria’s telecom industry stands at $70 billion

The Nigerian Communications Commission (NCC) says the total investment in the Nigerian telecom industry is currently estimated at $70 billion.

NGO worries over impact of corruption on growth of MSMEs

The Sustainable Entrepreneurship and Economic Development Initiative (SEEDi), a Non-Governmental Organisation (NGO), has expressed concern over the challenge of corruption faced by Micro, Small and Medium-Sized Enterprises (MSMEs), describing it as a threat to Nigeria’s long-term development.

Federal government to create four million jobs through oil palm production

The Federal Government says it will create more than four million jobs through oil palm production in the country.
National Bureau of Statistics NBS

NBS: Nigeria’s GDP up by 2.01% in Q1

The National Bureau of Statistics (NBS), said the nation’s Gross Domestic Product (GDP) grew by 2.01 per cent (year-on-year) in real terms in the first quarter of 2019.

Former central bank director lauds federal government’s plan to charge VAT on online transactions

Dr Titus Okunronmu, a former Director, Budgetary Department, Central Bank of Nigeria, has commended the Federal Government for its plan to collect Value Added Taxes (VAT) on online Business Transactions.

ECOWAS single currency: Task force to give assessment in June

The ECOWAS Task Force on the region’s single currency would meet in June to give the assessment on the studies of the currency, President of the commission, Mr Jean-Claude Brou, has said.
Zainab Ahmed

Minister: States to share N649 billion Paris Club refund

Finance Minister, Mrs. Zainab Ahmed, has revealed that the sum of N649 billion, the final tranche of the Paris Club Refund, is available to be shared by the 36 States of the federation.
Acting Finance Minister of Finance Zainab Ahmed

Minister: 2019 budget assessment to be completed soon

Mrs Zainab Usman, the Minister of Finance, says assessment of the 2019 Appropriation Bill will be completed soon and a report will be rendered to President Muhammadu Buhari.

Bismarck Rewane: Nigerians should expect petrol price increase

The Managing Director and Chief Executive Officer, Financial Derivatives Company Limited, Mr Bismarck Rewane, has said fuel subsidies are a huge drain on government’s revenue.
Vice President Yemi Osinbajo

VP Osinbajo: Nigerians shouldn’t pay bribe for drivers licenses, passports, others

Vice President Yemi Osinbajo says there is no reason why any Nigerian should give bribe to law enforcement agents whether for obtaining drivers licenses, passports or to clear goods at the ports.
Nollywood

Nollywood: Scholar calls for creation of film villages

A university lecturer, Dr Rasheedah Liman, has called for the establishment of Film Villages in different zones of the country to ensure ease of shooting movies by filmmakers.
President Buhari presents 2019 Budget to the National Assembly on 19th Dec 2018-5

2019 budget: N8.9 trillion inadequate to service 200 million Nigerians – expert

Dr Patricia Auta, a financial analyst, has described the 2019 budget as inadequate to meet the needs of the Nigerian population, which is put at more than 200 million.
Tunde Olatunji

Assemblyman cautions federal government over IMF’s advice on oil subsidy removal

Hon. Tunde Olatunji, a member of Osun State House of Assembly, has warned the Federal Government against listening to the suggestions by the International Monetary Fund (IMF) to remove oil subsidy.
Abuja FRSC Accident Scene

Minister: Road crashes account for more deaths, disabilities

The Federal Government has said that road crashes account for more deaths and disabilities among global population, particularly drivers and commuters.

NDDC trains, empowers physically challenged

The Niger Delta Development Commission (NDDC) has trained and empowered some persons living with disability on different vocational skills in Delta State.
The Manufacturers Association of Nigeria (MAN) has kicked against denomination of price of gas in US dollars and worried that price of gas has become major source of conflict between members and the gas franchisers.

Pricing gas in dollars worries manufacturers

The Manufacturers Association of Nigeria (MAN) has kicked against denomination of price of gas in US dollars and worried that price of gas has become major source of conflict between members and the gas franchisers.

IMF: Nigeria, South Africa dragging Sub-Saharan Africa’s economy down

The International Monetary Fund (IMF) has said that Nigeria and South Africa will continue to draw back the economic growth of the rest of Sub-Saharan Africa if steps are not taken to address the policy uncertainties holding back growth in the two countries.

Customs Tin-Can command rakes in N78.8 billion in Q1

The Tin-Can Island Port Command of the Nigeria Customs Service (NCS) has said it has generated N78.8 billion in the first quarter of 2019, up from N76.7 billion realised in the corresponding period of 2018.

Recent Stories

140 IPOB members arraigned for allegedly plotting to overthrow President Buhari

An Enugu East Magistrates Court presided by Magistrate A. N. Chioke has remanded 140 members of the proscribed Indigenous Peoples of Biafra (IPOB) over an alleged treason.

Federal government disburses $22.216 million on Tradermoni, other empowerment schemes

Part of recovered looted funds of late Head of state, Gen. Sani Abacha, was expended on various empowerment initiatives of the government, Senior Special Adviser to the President on Social Investments, Maryam Uwais, disclosed in on Thursday
President Muhammadu Buhari has congratulated Prime Minister Narendra Modi of India and the Bharatiya Janata Party (BJP) on their election victory.

President Buhari congratulates India’s Narendra Modi on election victory

President Muhammadu Buhari has congratulated Prime Minister Narendra Modi of India and the Bharatiya Janata Party (BJP) on their election victory.

N2 billion fraud: Court revokes bail, orders arrest of ex-Governor Aliyu

Justice A. B. Aliyu of the Federal High Court in Minna, Niger State on Thursday revoked the bail granted to the former Niger State Governor Babangida Aliyu and the former state governorship candidate of the Peoples Democratic Party (PDP), Alhaji Umar Gado Nasko.
Nigerian National Petroleum Corporation (NNPC)

NNPC recruitment: Applicants to undergo computer-based test

The Nigerian National Petroleum Corporation (NNPC) has revealed that the third phase of its ongoing recruitment exercise will involve a computer-based test, which comes up on June 1.