Business

Nigeria’s February inflation rises to 9.5%- NBS

Nigeria inflation rate witnessed a 0.5 per cent increase in February.

Dana Air

Federal government bans Dana Airlines again over safety

The ban will remain until issues are resolved, Aviation ministry said.

Australia pledges support for Nigeria’s extractive industry transparency

Australia is willing to share her decades of extractive experience with Nigeria.

Nigeria loses N90 billion to ‘Grey market’ automobile

Illegal importation has cost Nigeria N90 billion in revenue.

PIC. 6. A FISHERMAN WITH FISHING NETS SALVAGED FROM SUSPECTED OIL SPILL AT THE QUA IBOE OIL FIELDS IN AKWA IBOM ON WEDNESDAY (15/8/12).

Marginal oil field operators blame poor performance on multiple taxes

They are a myriad of challenges bedeviling operations in marginal oil fields, operators say.

ALSCON controversy: UC RUSAL suspends production

UC RUSAL has been resisting a Supreme Court to hand over ALSCON to BFIGroup.

Governor Sullivan Chime

Vietnamese company takes over Enugu’s Sunrise Flour Mill

The Enugu Governor expressed his pleasure at the expected revival of the flour mill.

Job seekers in Nigeria

Nigeria’s human development index growth not as high as others in sub-Saharan Africa- UNDP

Nigeria’s is not as high as that of Angola, Burundi, Tanzania, and so on.

Three tiers of Nigerian government share N886.4bn in February

The monies will go towards the execution of projects captured in the 2013 Budget.

Preferred bidder makes $33.75mn initial payment for Eko DISCO, says BPE

The payment represents the mandatory 25 per cent of the total cost of the transaction pre-set valuation audit conducted by NERC.

Finance Minister, Ngozi Okonjo-Iweala

Nigerian Government releases N400bn first tranche of 2013 capital budget

N120 billion has already been spent on two initiatives including outstanding entitlement of staff of PHCN.

Bharti Airtel acquires fresh 13.4% in Airtel Nigeria

The company had been enmeshed in a legal tussle with Econet, a stakeholder in Airtel.

Ledum Mitee

Ogoni leader, Ledum Mitee, opposes Host Community Fund in PIB

Mr. Mitee has urged civil society groups to do a lot more to unravel the dimensions of the PIB.

A power station used to illustrate the story

Nigeria electricity workers reject N45bn severance package, boycott meeting with FG

The unions say the Nigerian government is deviating from an earlier agreement.

10 fuel-laden ships to discharge at Lagos ports

Four of the ships are laden with petrol.

Nigeria oil company, NNPC, operating at a loss- GMD

The NNPC blames its problems on the difficult operational environment in the industry.

Jonathan wants freight forwarding professionalised

Nigeria generates about 70 per cent of the ship traffic, cargo throughput and volume of trade in West and Central Africa sub-region.

Accenture wants effective integration of ICT into Nigeria’s educational system, schools

Nigeria needs to integrate ICT into its educational system to drive economic development, Accenture Nigeria says.

Nigerian women to get N3.5bn in Coca Cola, IFC multimillion dollar partnership

The partnership is a three year joint initiative to provide finance to women entrepreneurs in developing markets.

“Nigeria spent N97.3billion on sugar importation in 2012”

The cost may even go higher.

CBN

65 % of Nigerians not in formal financial system – CBN

CBN has unveiled a financial inclusion policy to get “unbanked people” into the banking sector.

Women’s skills, capabilities, value critical for company’s success – Accenture

The firm celebrated the International Women’s Day in Lagos.

Nigeria can’t trace sponsors of ghost workers that defraud government of N100bn, Okonjo-Iweala says

Government wants Nigerians to come up with ideas on how to fish out ghost workers on its pay roll.

Overview Of Nigeria 2013 Budget, By Ngozi Okonjo-Iweala

Protocols 1. It is with great pleasure that I present to you today, the 2013 Federal Government Budget. I thank Mr President, my colleagues and the Honourable Members of the National Assembly for their contributions to the planning, preparation, passage and signing into law of the 2013 Budget. 2. I would also like to acknowledge […]

Finance Minister, Ngozi Okonjo-Iweala

Nigerian Government to dialogue with lawmakers on amendments to 2013 budget- Okonjo-Iweala

The 2013 budget is yet to be implemented.