News Reports

NNPC GMD, Maikanti Baru with FRSC officials

NNPC has 2 billion litres of petrol for end-of-year movements — GMD

Mr Baru is honoured by the Road Safety Corps.

Food stuff [Photo Credit] grace communication foundation

Nigeria’s Inflation rate drops for eight consecutive time amidst rising food prices – NBS

All major food sub-indexes increased by 20.32 per cent between September 2016 and 2017.

United Bank for Africa

UBA gross earnings hit N333.92 billion

The figure represents a growth of 25.75 per cent when compared to N265.53 billion posted in the comparative period of 2016

champagne

Why Nigeria’s new luxury tax policy is yet to take off – Adeosun

There are plans to tax first class tickets on airline travels and luxury coaches.

Kayode Fayemi, Minister of Mining and Steel Development

600 investors to attend Nigeria’s Mining Week

The organisers say investors now trust the Nigerian mining sector as a place to invest.

cargo-ship-vlcc-oil-tanker-1

Oil price jumps to $57.8

An explosion at a U.S. oil rig and reduced exploration activity also supported prices there.

Nigeria Vice President, Yemi Osinbajo

$25 billion claims in Kachikwu’s memo fabricated – Osinbajo

The presidency says monetary values cannot be associated to the contracts.

Minister of Finance, Kemi Adeosun

Nigeria won’t be reckless with foreign borrowings – Adeosun

The IMF and the World Bank project higher growth for Sub-Saharan Africa in 2018.

Bad Road

NES23: Experts discuss ways to solve Nigeria’s infrastructure deficit

The officials deliberated on public private partnerships.

Nigerian Stock Exchange (NSE)

NSE market capitalisation increases by N40 billion

The All-Share Index increases by 115.93 basis points or 0.32 per cent to close at 36,848.17 point compared with 36,732.24 recorded on Thursday

Godwin Emefiele

Emefiele wins Forbes 2017 Best of Africa Innovative Banking Award

Forbes says CBN under Mr. Emefiele had shown transparency, stabilised the economy.

NIPOST

NIPOST will soon begin banking services – Official

Nigerians will be able to send and receive money through the agency.

Power Lines [Photo: energymixreport.com]

Why we cannot cancel privatisation of PHCN – Buhari

The president emphasises the need for review of the privatisation.

electricity lines

Nigerian govt. to review power sector privatisaton

Companies with no financial capacity will have to relinquish control, the government says.

Egbin power plant

Nigerian govt. to review power sector privatisation

The government says it will commence negotiations with DISCOs for possibility of new investors.

World Bank

Nigerian economy to achieve moderate growth in 2018 – World Bank

Bank says government’s debt service to revenue ratio unsustainable

Ade Ayeyemi

NES23 – Why Nigerian SMEs find it easier to access capital abroad – Ecobank chief

Participants urge the Nigerian government to make business environment investor- friendly.

Vice President, Yemi Osinbajo [Photo Credit: Pulseng]

Nigeria’s power generation capacity above 7,000 MW — Osinbajo

The government is committed to realising the target of 10,000 MW generation capacity, Mr. Osinbajo says.

Minister of Budget and National Planning Senator Udoma Udo Udoma [Photo Credit: Channels TV]

NES23: Nigerian govt faithful to implement ERGP – Minister

The NES was declared open by Vice President Yemi Osinbajo.

Murtala Muhammed International Airport, Lagos

Aviation unions give Nigerian govt 15 days ultimatum to halt airports concession

The workers want to be consulted.

Nigerian President, Muhammadu Buhari

How President Buhari caused NNPC Scandal

Minister Kachikwu accuses the NNPC chief of insubordination and contract impropriety.

NNPC Headquarters, Abuja [Photo Credit: Thisday]

NNPC subsidiary declares N15.8 billion profit after tax in 2016

“Earnings per share reduced from N4,510 in 2015 to N3,163 for 2016.”

Tony Elumelu

Elumelu Foundation to host 1,300 African Entrepreneurs from 52 countries

Successful applicants were selected from 93,246 applications from 52 African countries.

The Minister of Communication, Adebayo Shittu, [Photo credit: THISDAYLIVE]

Nigerian govt. invests over $60bn in ICT in 15 years – Minister

The minister says Nigeria has the potential to become a major player in the global economy by virtue of its human and natural resource endowments.

LAKE Rice

Group says 12m farmers set for CBN Anchor Borrowers Programme

The rice farmers want the federal government to outlaw rice importation and check rice smuggling.