Business

Okonjo-Iweala in line for nomination as World Bank president

Finance minister who recently left the World Bank may make a return as president of the Bretton Woods Institution

Fuel subsidy gulps N130billion so far this year

Excess revenue account begins to accumulate again after being depleted last year

Urban inflation rate stay high at 12.6 per cent in February

The various palliatives measures adopted by government to cushion the pressures from the recent petrol subsidy removal has so far failed to yield significant result

Diaspora bond proceeds tied to specific projects, says DMO

Government plans to tie Diaspora bond to specific projects to grow the economy

Why I accumulated N30million bill in hotel – SEC DG

Ms Oteh said her long stay in Transcorp Hilton was part of the terms and conditions of her contract

Nigeria to seal N15.3billion funding deal with Islamic bank

Funding package would support capital projects expected to improve the standard of education, and link Quoranic schools with Western education

Trade union amendment law obnoxious, myopic, say NLC, TUC

Labour accuses lawmakers of overlooking the urgent challenges facing Nigerians in pursuit of a punitive law to punish Nigerians and make it difficult to resist future anti

SEC boss, Arunma Oteh, spent N850,000 on food a day – Reps

Ms. Oteh accused the committee of pursuing a sinister agenda and branded the house sitting a Kangaroo court, while dodging questions put to her

Telecom firms risk closure over N493.4million land use fees

Government has warned telecom companies against ignoring the directiveto pay up before the expiration of the ultimatum

Nigeria, five others ratify D-8 preferential trade agreement

Agreement is expected to facilitate more private sector involvement in agriculture, food security, and other sectors

Shareholders hail Zenith bank

Shareholders believe the bank

Central Bank disbursed N10.19billion loans to farmers in 2011

Analysis of the disbursement shows that beneficiaries involved in food crops and livestock farming took the largest chunk of the amounts guaranteed by the apex bank as agricultural loans

Nigeria key to realizing ExxonMobil

The company is anticipating an investment profile of approximately $37 billion per year through the year 2016, with a total of 21 major oil and gas projects scheduled to commence production between 2012 and 2014.

Government moving oil industry in radical direction, says petroleum minister

Government seeks integrated solution from stakeholders to the challenge of inadequate refining and supply of petroleum products

NNPC station

NNPC blames Customs, Navy for nationwide fuel shortage

NNPC says Customs checks block fuel supply

States to get 13 per cent derivation on solid mineral revenues, says RMAFC

States bordering the FCT make case for share in the 1% revenue allocation for the development of Abuja to take care of extra pressures they face from federal workers

BP, plaintiffs agree on $7.8 billion compensation over Gulf oil spill

The Obama government restates determination to hold accountable all those responsible for environmental pollution

NCP approves sale of Federal Government's shares in NUL

The privatization council also approved about N127million for payment of staff benefits to the Skypower Aviation Handling Company (SAHCOL)

Nigeria’s Budget Office is second largest food spender after presidency

It is food and refreshment galore for staff of the budget office while majority of Nigerians can't afford a decent meal once a day

NSCDC arrests 8 illegal refinery operators in Abia

Operatives suspect operators might be stealing crude oil from Shell oil location in Owaza

Economy to gain N281billion from indigenous vessel charter operation

About 40 vessels owned by Nigerians are to replace those contracted by foreign owned vessels in line with the provisions of the Nigerian Content development law in the oil and gas industry

NCP endorses states, distribution firms

States can now partner with private power distributing firms to provide electricity

NSE transformation must anchor on government ongoing economic agenda, says SEC

The Commission wants a process that supports the economic transformation agenda of the Federal Government as well as safeguard Nigeria

Ribadu talks tough, says unscrupulous oil players will get red card

Wants Nigerians to reinvent the country, by seeking to elevate the moral standard of public conduct, to bring value to the people

Lease renewal for oil majors not in Nigeria

Industry experts criticize petroleum minister