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16 Aug

Oyo/Osun Customs Intercepts Goods and Vehicles Worth N28m

Toluwalase Bakare - Jun 22, 2017

The Oyo/ Osun Command of Nigeria Customs Service, on Wednesday 14th June, 2017, in Ibadan displayed 15 vehicles laden with smuggled goods with…

VIDEO: Senator Ashafa Speaks On How The Railway Sector Can Be Moved Forward
Economy and Finance
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VIDEO: Senator Ashafa Speaks On How The Railway Sector Can Be Moved Forward

Toluwalase Bakare - Jun 22, 2017

Chairman, Senate Committee on Land Transport, Senator Gbenga Ashafa has again spoken on how the railway sector can be moved forward. In the…

Fuel Scarcity Imminent As A Result Of Apapa-Wharf Road Gridlock, NUPENG Warns

Toluwalase Bakare - Jun 22, 2017

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has warned that that the gridlock being experienced by petroleum tankers and articulated…

Indonesia Expresses Interest To Build Modular Refinery In Nigeria

Toluwalase Bakare - Jun 22, 2017

The Federal Government’s plan to attract investment in modular refineries as part of efforts to boost local refining capacity has started gaining momentum…

FG To Release N350 Billion For Capital Projects
Economy and Finance
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FG To Release N350 Billion For Capital Projects

Toluwalase Bakare - Jun 20, 2017

The Federal government of Nigeria is set to release the sum of N350 billion as first tranche for capital projects in the 2017…

NNPC Directs Diesel To Be Sold At N175 Per Litre Nationwide

Toluwalase Bakare - Jun 19, 2017

The Nigerian National Petroleum Corporation (NNPC) has directed that the price of Automotive Gas Oil (AGO) also known as Diesel be sold at…

Capital Market: Senate Receives 3 Bills from SEC
Economy and Finance
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Capital Market: Senate Receives 3 Bills from SEC

Toluwalase Bakare - Jun 16, 2017

The Security and Exchange Commission (SEC), on Thursday, presented three draft bills to the Senate, aimed at enhancing the operations of the capital…

Expert Advocates Increased Tax On Imported Agricultural Commodities

Toluwalase Bakare - Jun 15, 2017

An Agriculture Extension Officer, Mr Lukman Ajiboye, on Thursday called for the imposition of high tax on imported agricultural commodities so as to…

FG To Engage 7,500 Graduates As Tax Promoters Through N-Power
Economy and Finance
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FG To Engage 7,500 Graduates As Tax Promoters Through N-Power

Toluwalase Bakare - Jun 15, 2017

The Federal Government is set to engage 7,500 graduates as Community Tax Liaison Officers to raise tax awareness among citizens through the N-power…

Anti-Graft War: EFCC Sensitizes Banks’ Compliance Officers
Economy and Finance
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Anti-Graft War: EFCC Sensitizes Banks’ Compliance Officers

Toluwalase Bakare - Jun 14, 2017

Mailafia Yakubu, the head of Operations, Benin Zonal Office of the Economic and Financial Crimes Commission, EFCC on Tuesday June 13, 2017 charged…

FG Kick-starts 2018 Budget Preparation, To Be Ready For Submission October
Economy and Finance
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FG Kick-starts 2018 Budget Preparation, To Be Ready For Submission October

Toluwalase Bakare - Jun 14, 2017

Acting President Yemi Osinbajo, on Tuesday morning in Abuja flagged off preparatory activities for the 2018 Budget based on the Economic Recovery and…

Osinbajo gets Buhari’s nod, signs 2017 Budget

CharlesJoseph - Jun 12, 2017

[caption id="attachment_72266" align="alignnone" width="600"] Osinbajo signs the 2017 Appropriation Law, with Abba Kyari, Chief of Staff to the President, Udoma Udo Udoma, Minister…

Local content: Saraki flays reduction of import duty on milk

CharlesJoseph - Jun 08, 2017

  [caption id="attachment_48687" align="alignnone" width="300"] President of the Senate Dr Bukola Saraki[/caption] The President of the Senate. Dr. Abubakar Bukola Saraki, has decried…

Court orders NEXIM to refund $385,000 to marine company

CharlesJoseph - Jun 07, 2017

  An FCT High Court, Maitama, on Monday ordered the Nigerian Export-Import Bank NEXIM to refund $ 385,000 to Emaren Oil and Gas…

20 Whistleblowers paid N375 million – FG

CharlesJoseph - Jun 07, 2017

[caption id="attachment_48741" align="alignnone" width="300"] Money recovered through activities of whistleblowers[/caption] Twenty providers of information under the Whistleblowers policy have been paid a total…

Smuggling Of Agricultural Products Economic Sabotage, Says Saraki
Economy and Finance
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Smuggling Of Agricultural Products Economic Sabotage, Says Saraki

Toluwalase Bakare - Jun 06, 2017

Senate President, Dr. Abubakar Bukola Saraki, has condemned the high rate of smuggling of agricultural products into the country and described the practice…

Nigerians Should Ignore Speculations Of Increase In Fuel Price – PPPRA

Toluwalase Bakare - Jun 06, 2017

The Petroleum Products Pricing Regulatory Agency, PPPRA, has urged Nigerians to ignore speculations making the rounds that the price of petrol which currently…

Unemployment rate in Nigeria now 14.2% – NBS

CharlesJoseph - Jun 06, 2017

[caption id="attachment_48467" align="alignnone" width="300"] Unemployment rate now 14.2%[/caption] The National Bureau of Statistics (NBS) said the unemployment rate in the country rose from…

Alleged Breach Of Procurement Act: Iweala, Adeosun To Appear Before Reps Tuesday

Toluwalase Bakare - Jun 06, 2017

Former Minister of Finance and Coordinating Minister of the Economy, Ngozi Okonjo Iweala and serving Minister of Finance, Kemi Adeosun are to appear…

NNPC Assures Of Support To Gas Flare Out Legislation
Economy and Finance
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NNPC Assures Of Support To Gas Flare Out Legislation

Toluwalase Bakare - Jun 04, 2017

The Nigerian National Petroleum Corporation (NNPC) has said that it has put in place measures and facilities to curb gas flaring preparatory to…

BPE Commits To Listing Privatised Enterprises On The Capital Market
Economy and Finance
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BPE Commits To Listing Privatised Enterprises On The Capital Market

Toluwalase Bakare - Jun 04, 2017

Alex A. Okoh, the Director-General of the Bureau of Public Enterprises (BPE) has said the structure of the reform and privatisation process by…

National Road Fund Bill Won’t Lead To Fuel Price Increase, Saraki Assures Nigerians
Economy and Finance
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National Road Fund Bill Won’t Lead To Fuel Price Increase, Saraki Assures Nigerians

Toluwalase Bakare - Jun 04, 2017

President of the Senate, Dr. Abubakar Bukola Saraki, has stated that the contrary to wrong interpretations in the media on a recommendation by…

Senate Denies Recommending Increase In Fuel Price
Economy and Finance
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Senate Denies Recommending Increase In Fuel Price

Toluwalase Bakare - Jun 03, 2017

The Nigerian Senate has debunked rumours making the rounds that it had recommended the increase of fuel price from N145 to N150 per…

Governors To Workers: Your Salaries, Arrears Will Be Paid When Second Tranche Of Paris Funds Is Released

Toluwalase Bakare - Jun 02, 2017

Governors of the 36 states of the federation under the aegis of the Nigerian Governors’ Forum have called on workers in the country…

Africa doesn’t need aids if stolen $1trn is returned – UN

CharlesJoseph - Jun 01, 2017

[caption id="attachment_48741" align="alignnone" width="300"] Money stolen from Nigeria a country in Africa[/caption] The UN Economic Commission for Africa (UNECA) says Africa doesn't need…

Nigeria To Commence Production Of Vaccines This Year – Minister

Toluwalase Bakare - Jun 01, 2017

Nigeria's Minister of Health, Prof. Isaac Adewole has said the country would begin production of vaccines in Lagos this year 2017. The minister…

How Nigerians Lost N2.19 Billion To Electronic Fraud In 2016

Toluwalase Bakare - Jun 01, 2017

Nigerians lost a whopping sum of 2.19 billion naira to electronic fraud in the year 2016, the Nigeria Electronic Fraud Forum (NeFF) annual report…

REPORT: Lagos State Generates More Revenue Than 30 States Combined

Toluwalase Bakare - May 29, 2017

Award winning Economic Intelligence Magazine, The Economic Confidential, has released its Annual States Viability Index, ASVI, which shows that fourteen States are insolvent…

We Will Soon Take Nasty Measures Against Rice Smugglers – Audu Ogbeh

Toluwalase Bakare - May 29, 2017

Minister of Agriculture and Rural Development, Chief Audu Ogbeh has decried the activities of rice smugglers in the country which he said has…

Dangote, Kebbi, Kaduna Set To Acquire Peugeot Automobile Nigeria LTD

Toluwalase Bakare - May 28, 2017

Africa's richest man, Aliko Dangote, the Kebbi State Government and the Kaduna State Government are set to acquire Peugeot Automobile Nigeria (PAN) Limited.…

Government’s PPP Option, Reliable To Bridge Infrastructure Deficit – Zainab Ahmed

Toluwalase Bakare - May 28, 2017

Minister of State, Budget and National Planning, Zainab Ahmed, has said that the government's Public Private Partnership (PPP) arrangement, is a reliable option…

PENGASSAN, NUPENG Say Passage Of #PIGB By Senate Is A Milestone Achievement

Toluwalase Bakare - May 27, 2017

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the National Union of Petroleum and Natural Gas Workers (NUPENG) Petroleum…

#PIGB: NEITI Commends Senate On Passage, Says It Will Eliminate Revenue Loss

Toluwalase Bakare - May 27, 2017

The Nigeria Extractive Industries Transparency Initiative, NEITI has commended the 8th Nigerian Senate for passing the Petroleum Industry Governance Bill (PIGB) saying the…

PIB: Benefits Industry Governance Bill (Download PIB)

CharlesJoseph - May 25, 2017

[caption id="attachment_48687" align="alignnone" width="300"] Benefits of governance aspect of the PIB passed by the 7th Senate under President of the Senate Bukola Saraki[/caption]…

There Is No One Correct Answer To Economic Growth And Development – Okonjo-Iweala

Toluwalase Bakare - May 24, 2017

Former coordinating minister of the Nigerian economy and finance, Ngozi Okonjo-Iweala, has said there is no one correct answer to economic growth and…

We Will Be Out Of Recession By The End Of Third Quarter, Emefiele Affirms
Economy and Finance
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We Will Be Out Of Recession By The End Of Third Quarter, Emefiele Affirms

Toluwalase Bakare - May 24, 2017

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has affirmed that the country's economy which is currently in recession will recover…

#MadeInNigeria: NASSBER Anniversary & Annual Dialogue Event To Hold June 5

Toluwalase Bakare - May 24, 2017

On 5th June 2017, the 8th National Assembly in partnership with the Nigerian Economic Summit Group (NESG) & the Nigeria Bar Association –…

Let The Industrial Estates Boom Again, FG Urges Kano State Government

Toluwalase Bakare - May 23, 2017

Budget and National Planning Minister, Senator Udoma Udo Udoma told the Kano State Government on Tuesday that Nigerians would like to see the…

Alleged Economic Sabotage: Ifeanyi Ubah Risks Death Penalty – DSS
Economy and Finance
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Alleged Economic Sabotage: Ifeanyi Ubah Risks Death Penalty – DSS

Toluwalase Bakare - May 23, 2017

The Department of State Services which is currently holding the Managing Director of Capital Oil and Gas, Ifeanyi Ubah in detention for alleged…

Channels TV reporter, Onuekwusi dies, Saraki mourns

CharlesJoseph - May 23, 2017

[caption id="attachment_48687" align="alignnone" width="300"] President of the Senate Dr Bukola Saraki[/caption] The President of the Senate Dr Abubakar Bukola Saraki, has expressed sadness…

Recession Continues As Nigeria’s GDP Shrinks By -0.52% In 2017 Q1

Toluwalase Bakare - May 23, 2017

In a report released by the National Bureau of Statistics on Tuesday, it was said that the Gross Domestic Productn(GDP) of the Nigerian…

Senate revisits electricity billing as Dino cries foul

CharlesJoseph - May 23, 2017

[caption id="attachment_48678" align="alignnone" width="300"] Electricity infrastructure[/caption] The Senate has resolved to beam its search light on the estimated billing by the Abuja Electricity…

Kachikwu To Resign If Nigeria Still Imports Petrol By 2019
Economy and Finance
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Kachikwu To Resign If Nigeria Still Imports Petrol By 2019

Toluwalase Bakare - May 23, 2017

The Minister of State for Petroleum, Ibe Kachikwu has said he would resign if by 2019, Nigeria could not self-sufficiently produce petroleum. Kachikwu…

How The Petroleum Industry Bill Will Benefit Nigerians – Senator Alasoadura
Economy and Finance
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How The Petroleum Industry Bill Will Benefit Nigerians – Senator Alasoadura

Toluwalase Bakare - May 20, 2017

Chairman, Senate Committee on Petroleum (Upstream), Senator Tayo Alasoadura, has said that the Petroleum Industry Governance Bill (PIGB), now awaiting final passage in…

DG BPE, Alex Okoh Pledges Collaboration With NPA To Develop Maritime Industry
Economy and Finance
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DG BPE, Alex Okoh Pledges Collaboration With NPA To Develop Maritime Industry

Toluwalase Bakare - May 18, 2017

The Director-General of the Bureau of Public Enterprises (BPE), Mr. Alex A. Okoh, has pledged the Bureau’s seamless collaboration with the Nigerian Ports…

Government Must Work With Private Sector To Meet Infrastructure Needs – Osinbajo
Economy and Finance
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Government Must Work With Private Sector To Meet Infrastructure Needs – Osinbajo

Toluwalase Bakare - May 17, 2017

Acting President Yemi Osinbajo has harped on the need for government to form a synergy with the private sector if it must meet…

Respite As Price Of Rice Falls In The Market
Economy and Finance
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Respite As Price Of Rice Falls In The Market

Toluwalase Bakare - May 16, 2017

Nigerians have begun to heave a sigh of relief following the fall of the price of rice in the market. In a report…

Senate threatens to cut budget to 34 Agencies

CharlesJoseph - May 16, 2017

[caption id="attachment_48640" align="alignnone" width="300"] President of the Senate Bukola Saraki frowns at MDAs for non-submission of Budget[/caption] The Senate on Tuesday frowned at…

$5.8bn external loan request: Senate Invites Amaechi

CharlesJoseph - May 16, 2017

  [caption id="attachment_48640" align="alignnone" width="300"] Senate invites Amaechi over $5.8 billion loan request[/caption] The Senate on Tuesday has Invited the Minister of Works,…

Never Again Will Nigeria Be Held Hostage By Crude Oil – Lai Mohammed
Economy and Finance
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Never Again Will Nigeria Be Held Hostage By Crude Oil – Lai Mohammed

Toluwalase Bakare - May 10, 2017

The Minister of Information and Culture, Alhaji Lai Mohammed has stressed the commitment of the President Muhammadu Buhari led administration in diversifying the…

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