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Economy

FG Saves N462 Billion From Partial Fuel Subsidy Removal – Budget Office

Federal Government has said  that money accruing from the partial removal of subsidy was N462 billion. The  Director General Budget Office, Dr Bright Okogwu, who ...

NNPC Awards 60% Of Crude Oil Lifting Contracts To Nigerians in 2014

The Minister of Petroleum Resources, Diezani Alison-Madueke has said that the recent award of term contracts for crude oil lifting, majorly to indigenous oil...

PCIDSS Certification: CBN issues Nov. 30 deadline To Banks, Other Institutions

The CBN has urged commercial banks, switches and processors to be Payment Card Industry Data Security Standards (PCIDSS) certified by Nov. 30. This is contained...

FG’s N151 Billion Debt Theatens Fuel Importation – Oil Marketers

Indications have emerged that the current fuel scarcity across the country will not come to an end soon, following the Federal Government’s N151 billion...

FAAC Approves Total Removal Of Petrol Subsidy

The Federation Account Allocation Committee, FAAC, yesterday adopted the recommendations of its ad hoc committee which recommended the outright stoppage of provisions for fuel...

Nigeria Positioned To Join World’s Top 15 Largest Economies By 2050

Following the recent GDP rebase which saw Nigeria displace South Africa as Africa’s largest economy, global financial rating firm Moody’s has forecast exponential growth...

Private Jets: House of Reps To Begin Probe Of Alison-Madueke, NNPC April 28

Diezani Alison-Madueke, Petroleum Resources Minister has been officially issued a summon by the the House of Representatives Committee on Public Accounts to a public hearing on...

World Bank Says Nigeria Ranks 3rd In Countries With Largest Number Of Poor People

The President of the World Bank, Jim Yong Kim, has said that Nigeria is one of the top five countries that has the largest...

IMF Will Not Partner With Proven Corrupt Countries, Says Christine Lagarde

Managing Director, International Monetary Fund, IMF, Mrs Christine Lagarde, yesterday, said that if there are proven cases of corruption against any country not just...

Youth Empowerment Centre Trains 100 People To Assemble Smartphones And Tablets In Calabar

NAN - No fewer than 100 Niger Delta Youths in Calabar on Thursday, April 10, 2014 graduated from the Youth Empowerment Centre. The youth were...

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