National Assembly, Ministers, others, meet to resolve 2016 budget impasse
A committee hopes to get the budget passed by middle of March.
Saudi Arabia, Russia give condition to cut oil production
Oil prices have dropped by more than 70 per cent to less than $30 per barrel since 2014.
AMCON begins divestment of shareholding in Keystone Bank
AMCON successfully divested its interests in Enterprise Bank Limited and Mainstreet Bank Limited in October 2014.
Nigerian capital market investors now to get dividend payment within 24 hours
SEC says one way to attract retail investors back to the market is to take steps to address their concerns.
Finance Ministry’s efficiency unit devises strategies to cut procurement costs
The unit says N825billion was spent on travel allowances, stationery, others in three years
Fraud in Nigerian banks fell by N3.96 billion in 2015 — CBN
Mobile money transaction volume grew to N4 billion
Nigerian government plans performance-based pay package for Customs
The new plan is already in effect at Federal Inland Revenue Service.
Gombe Cooperative bank boss docked for N75m loan fraud
Court adjourned the case to February 10 for ruling.
Nationwide picketing of DISCOs as labour, civil society protest high electricity tariff
Labour union and civil society threaten showdown should government go ahead with the decision.
Seme Customs command generates N160 million in 2 days
The head of the command says exchange rate was affecting generated revenue.
Nigeria to save N12 billion yearly from new procurement pricing guidelines
The government intends to use its large purchasing power to negotiate favourable terms from suppliers.
NNPC recorded N267.14 billion loss in December 2015
NNPC’s revenue in December 2015 was N184.4 billion.
Pipeline blast in Bayelsa dips Agip’s crude export by 16,000 barrels daily
Agip exports some 40,000 barrels of oil equivalent.
Why 2016 budget is achievable – Planning Minister, Udo Udoma
Minister of State for Budget , Zainab Ahmed, says monies from recoveries of looted funds were not factored in as sources of revenue.
New tax chief, Fowler, restructures FIRS; redeploys 26 directors
Mr. Fowler aims at capturing about 500,000 new corporate taxpayers by March 31, 2016.
EFCC arraigns Petroleum Equalisation Fund staff for N14m oil fraud
The accused received payment from equalisation funds on false pretence.
New Kerosene pump price: IPMAN wants more licences to marketers
Nigerians react to the increase in kerosene pump price.
Nigerian Bourse: Local Investors’ reposition investments
Investors’ appetite for the Conglomerates Industry accounted for 97.545 million shares.
Nigeria to issue maiden Islamic financial bond, ‘Sukuk’
Sukuk will provide alternative source of capital to finance infrastructure.