IMF Chief cautions Nigeria against expansionary fiscal policy
IMF Chief says with unstable crude oil prices, a high oil price benchmark for the 2013 budget could hurt the economy.
Oil benchmark: IMF advises Nigeria on prudent spending
The IMF has largely been criticize in Africa for its Structural adjustment programmes.
Inadequate funding hampers revenue formula review, says RMAFC Chairman
The new revenue formula has been delayed till next year.
Ribadu commitee exposes how presidency, NNPC spend oil revenues as slush funds
Download full report of the Ribadu Committee on Petroleum Revenue here
Capital market holds the ace for Nigeria’s agricultural sector – NSE CEO
Agriculture has remained subsistent because financing needs for agriculture is quite substantial and it cannot be met through the money market.
26th Lagos International Trade Fair: 345 foreign, local companies indicate interest so far
This year’s Lagos International Trade Fair will host 12 foreign countries
NCP approves bidders for PHCN successor generating, distribution companies
The preferred bidders will take over the successor companies after completion of payment.
NNPC names New MDs for Port Harcourt, Warri Refineries
The new appointment take place with immediate effect.
Obtaining a Handle on the Domestic Economy, By Ifeanyi Uddin
The Sallah holiday weekend was usual in many ways. Electricity supply was epileptic. The fuel scarcity has held out long enough for an ecosystem to evolve on its back. Long queues if you are minded to pay the recommended retail price (RRP); and often, the supply at such outlets never is enough for the queue. […]
GSM operators blame NCC for interference, bad services
The NCC promised to address the concerns raised
Capital oil boss, Ifeanyi Uba, to remain in detention, court rules
A Federal High Court in Lagos on Monday struck out a bail application filed by Ifeanyi Uba, the CEO, Capital Oil and Gas, and four others charged with N43.29 billion fuel subsidy fraud. Others charged with Mr. Uba are Nsika Usoro, Godfrey Okorie, Chibuzor Ogbuokiri, and Joseph Orji, all employees of the Capital Oil and […]
Finance experts urge mobile money providers to re-strategise
The CBN is making efforts to make mobile money payments popular.
Telecommunication companies want more role in mobile money
The Telcos said the present arrangement is not fait to them.
Government to earn N329billion from sale of PHCN successor companies
The sale of the Power Holding Company of Nigeria, PHCN, successor distribution companies is to fetch the Federal Government more than N197.25billion in revenue. The formal bids opening for 10 of the 11 PHCN successor companies slated for privatization were successfully held Tuesday in Abuja by the Bureau of Public Enterprises, BPE. The bid for […]
‘Abubakar’s firm’ emerges tops in bids for four power distribution companies
The guidelines prevent one company from acquiring more than two distribution companies.
Abdusalam Abubakar, Tinubu, Otudeko battle for Eko Distribution Company as BPE opens bids
Bids are to be opened for 11 distribution companies
Skye Bank, UBA release 2012 results for first 9 months
Both banks declared a better result for 3rd quarter of 2012 than that of 2011.
Benchmark crude price best at $75, Okonjo-Iweala insists
The finance minister said anything above the $75 could hurt the economy
Flood threatens Nigeria’s hope of rice self-sufficiency
As floods continue to wreck havoc in several States of Nigeria, destroying farmlands growing rice, maize and other crops, reports of damages pouring from all parts of the country point to a severe destruction of agricultural areas, prompting fears of imminent food insecurity. A report compiled by a group of journalists in Abuja who toured […]
Excess Crude Account rises from increased crude sales
Nigeria earned more from crude sales in September.