News - Business and Economy

Buhari Woos Investors In Dubai

10 months ago /

Nigerian President, Muhammadu Buhari, on Monday met with six different groups of investors at the sidelines of the annual investment meeting in Dubai, United Arab Emirates.

Governor Lalong Signs 153.5billion Naira 2019 Appropriation Bill Into Law

10 months ago /

Plateau State Governor, Simon Lalong, has vowed to use his second term in office to create a lasting legacy in the state.

Theresa May Asked The EU To Delay Britain's Departure

10 months ago /

British Prime Minister Theresa May wrote to European Council President Donald Tusk on Friday asking for a delay of Brexit until up to June 30, but said she still hopes to get Britain out of the EU earlier to avoid it participating in European elections.

South Africa Rand Weakens On Eskom Bailout

10 months ago /

The South African rand weakened early on Thursday after a senior minister said the government was considering more financial support for the highly indebted utility Eskom.

FG To Fund 2019 Budget Deficit With New Taxes, Concessionary Financing

10 months ago /

The federal government plans to finance Nigeria’s N1.859TN budget deficit in 2019 by introducing new taxes and adopting a concessionary financing system under its privatisation programme.

Senate Appropriation Committee Seeks More Time To Submit Budget Report

10 months ago /

Senate has given a final deadline of two weeks for Committee on Appropriation to complete work on the 2019 budget and submit same unfailing next week Friday at plenary.

Press Statement: Purported Enforcement Of A Judgement Against GTBank

10 months ago /

The attention of Guaranty Trust Bank Plc has been drawn to statements circulating in the news and social media in respect of a purported enforcement of a judgment of the Federal High Court, Ibadan, Oyo State, at one of its branches in Anambra State.

NDA Laments N1.3billion Shortfall In 2018 Budget

10 months ago /

The commandant of the Nigeria Defence Academy (NDA), Major -General Adeniyi Oyebade on Thursday in Abuja lamented over N1.3 billion shortfall suffered by the academy in budgetary releases by the ministry of finance.

NLC Wants New Minimum Wage Implemented From May

11 months ago /

The Nigeria Labour Congress has applauded the Nigerian Senate for passing into law the new minimum wage bill of thirty thousand naira.

 

Okowa Debunks Rumours Of Workers Retrenchment

11 months ago /

Delta State Governor, Senator Ifeanyi Okowa says there is no plan by his administration to either retrench or send any civil servant on compulsory retirement. 

Nigeria Scores 27% In Corruption Perception Index 2018

1 year ago /

Transparency International's latest Corruption Perception Index, CPI, says Nigeria remained static in the perception of corruption in public administration in 2018.

BPE Concessions Warri Old Port

1 year ago /

The Bureau of Public Enterprises, BPE, says concession of seaports in Nigeria represents one of the success stories of government’s privatization and commercialization policy.

CBN To Support Dangote Refinery With N75bn

1 year ago /

The Central Bank of Nigeria, CBN, says it will support the ongoing Dangote Refinery with the sum of 75 billion Naira to fast track the completion of the project.

FG Reviews Policy Document On Cotton, Textile And Garment Sector

1 year ago /

The Nigerian government is building consensus and understanding on a clear roadmap to revitalize and ensure sustainable development in the Cotton, Textile and Garment, CTG, sub-sector.

Cross-river To Boost Economy With Beach Polo

1 year ago /

Sports lovers and spectators coming for the 2018 carnival Calabar will have more than the usual to watch as preparations are in top gear for the maiden edition of beach polo tournament.

$1.3 Trillion Lost To Corruption Globally – UN

1 year ago /

The World Bank says businesses and individuals globally pay more than one trillion US dollars in bribes every year.

EU Court Says UK Can Cancel Brexit

1 year ago /

The European court of justice has held that Britain is at liberty to halt its withdrawal from the EU. This judicial decision is capable of promoting a second referendum to stop Brexit which may spell doom for Prime Minister Theresa may.

 

FAAC Distributes N788.1 Billion For October

1 year ago /

A total of 788.1 billion Naira has been distributed as federal allocation for the month of October 2018 for the three tiers of government.

 

FG, States, LGs Share N648.71bn For September

1 year ago /

The Federal, state, and local governments have shared a total of N648.71 billion for the month of September.

My Administration Will Continue To Review Obsolete Laws Hindering Growth In Many Sectors - Buhari

1 year ago /

President Muhammadu Buhari says his administration will continue to review obsolete laws that are hindering growth in many sectors of the Nigerian economy.


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