Nigeria targets 200,000 low-cost housing units in five years

The finance minister said the 200,000 low cost housing scheme will be supported by the World Bank. The Federal Government said it is targeting the development of over 200,000 low-cost housing units in the next five years under a fresh mortgage finance scheme designed to help redress the huge housing deficit challenge in the country. […]

Businesses die in Nigeria because they lack capacity to create value- Stransact Partners

Businesses in Nigeria sometimes hinder their own growth.

Okonjo-Iweala commends FIRS, raises concern about declining oil revenue

The minister charged the staff of the FIRS to make up for the revenue shortfall the government is currently experiencing.

European Commission opens new one-stop-shop on export to EU

The Export Helpdesk is available in English, French, Spanish and Portuguese.

Nigeria’s privatization council invites three firms to bid for NITEL

The bidders were not named.

Ledum Mitee

Global group may adopt Nigeria’s audit process for extractive industries

NEITI was commended for its independence.

Petroleum agency says N1 trillion subsidy funds saved

Reforms had saved government over N1 trillion in subsidy payments in the last one year.

NCP approves commercialisation of FHA to solve Nigeria’s housing challenges

The initial aim of the FHA was to provide affordable housing to low-income earners in the country. The National Council on Privatisation, NCP, has approved the commercialisation of the Federal Housing Authority, FHA, in an effort to redress the huge housing deficit in the country. This was one of the decisions reached by the Council […]

University of Agriculture, Abeokuta, hosts conference on snail production in Africa

 The event will bring together stakeholders in the snail breeding industry.

Asset Management Company of Nigeria

AMCON’s move to refinance bonds calms fears of inflation, financial instability in Nigeria

The Company plans to redeem and refinance its maturing obligations at the end of 2013 through 2014.


Nigeria Central Bank sells N277.9bn worth of treasury bills

Five categories of treasury bills were sold at the last biweekly auctions.

N25.7bn theft: Court adjourns ex-Bank PHB boss, Atuche, wife’s criminal charges

The couple are accused of defrauding their bank.

Nigeria to set new tariffs for manufacturers, industrialists

The new tariff would help improve manufacturing in Nigeria. A new tariff regime aimed at increasing local manufacturers’ capacity and boost investments in the industrial sector is underway, The Minister of Trade and Industry, Olusegun Aganga, said. The Special Assistance to the Minister on Corporate Communications, Yemi Kolapo, said in a statement that Mr. Aganga […]

Build capacity to improve efficiency, Nigeria’s tax boss tells state tax chiefs

Capacity building remains the most vital in creating an enabling environment for tax compliance, Mr. Mashi said. The Acting Chairman, Federal Inland Revenue Service, FIRS, Kabir Mashi, on Wednesday asked Chairmen of the Boards of Internal Revenue in the 36 states of the federation to build their capacity to enhance their professional skills and operational […]

NNPC to build Africa’s largest gas city in Delta

The Nigerian National Petroleum Corporation (NNPC) is set to build the largest Africa’s gas city in Ogidigben, Delta State. David Ige, the NNPC Group Executive Director, Gas and Power, made this known during the 4th International Conference and Exhibition on Free Trade Zone on Tuesday in Lagos. The conference was organised by the Oil and Gas […]

Update: CBN retains lending rate at 12%, anticipates liquidity risks in economy

With a vote of seven members to three, the committee also left the Cash Reserve Requirement, CRR, unchanged at 12 per cent.

MPC keeps monetary policy rate unchanged at 12 per cent

CBN governor says the current policy works.

“Nigeria’s economy is a bundle of contradictions” –LCCI

The nation’s population suggests a huge market but it is weakened by high poverty.

Nigeria Stock Exchange all-share index hits 37,000 mark

The index hit the 36,000 mark on May 10.

Okonjo-Iweala expresses confidence on strong economy fundamentals despite insecurity

The finance minister said the plan of Mr. Jonathan’s administration is to restore security and order.

Jonathan challenges banks to fund infrastructure development in Africa

The Managing Director of Ecobank Transnational Inc., Thierry Tanoh, paid a visit to the president.

Reps threaten to order arrest of CEO’s of Skye, Zenith, other banks over tax remittances

The bank chiefs refused to honour the lawmakers’ invitation.