Nigeria’s February inflation edges up
The rise could be attributed to increases in farm produce prices due to limited supplies. Nigeria’s February Consumer Price Index, CPI, which measures inflation, rose by 9.5 per cent year-on-year, compared to 9.0 per cent in January, the Nigeria Bureau of Statistics, NBS, has said. The rise in the headline index, relative to January, could […]
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.
Marginal oil field operators blame poor performance on multiple taxes
They are a myriad of challenges bedeviling operations in marginal oil fields, operators say.
Vietnamese company takes over Enugu’s Sunrise Flour Mill
The Enugu Governor expressed his pleasure at the expected revival of the flour mill.
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.
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.
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.
Nigeria electricity workers reject N45bn severance package, boycott meeting with FG
The unions say the Nigerian government is deviating from an earlier agreement.
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.
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 […]