Minister of Finance, Kemi Adeosun has ruled out the chances of Federal Government relying solely on recovered loot from former political office holders as basis for funding the 2017 budget. Speaking at an Abuja Town Hall meeting in Abuja, Adeosun said the government was working to block wastage, increase GDP and embark on single window […]
The Central Bank of Nigeria yesterday released a list of 36 items valid for access to foreign exchange in the foreign exchange market. According to the apex bank, in a circular, the aim is to clarify misconceptions about details of the 41 items banned from accessing dollars in the foreign exchange market. Titled: “Clarification on […]
The Senate on Wednesday issued a two-week ultimatum to Acting President Yemi Osinbajo to submit the budgets of the Central Bank of Nigeria (CBN), Nigerian National Petroleum Corporation (NNPC), Federal Inland Revenue Service (FIRS) and 35 other federal agencies. The ultimatum followed a motion sponsored by Senator Bala Ibn Na’Allah (APC, Kebbi) titled, “Non-submission of […]
The Nigerian National Petroleum Corporation (NNPC) has said that the Federal Government’s peace initiative in the Niger Delta has raised production of Nigeria’s three refineries. Dr Maikanti Baru, the Group Managing Director of NNPC told an interactive session with a delegation from the UK Royal College of Defence Studies on Tuesday that refining activities peaked […]
Workers from Shell, Chevron, Total and Eni said they have joined a 3-day warning strike in solidarity with their members in Exxon Mobil. Chika Onuegbu, a Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) official in Port Harcourt had told Bloomberg the workers had started an initial three-day warning strike on Monday. “After […]
Aviation Analyst and Consultant, Mr. Chris Aligbe yesterday hailed move by Med-View Airline to commence Dubai routes, urging the Federal Government to support the carrier and others like it flying the country’s flag abroad. He said government should begin to see the need to integrate the carriers into the economy as done by other countries. […]
Nigeria’s chances of returning to the council of the International Maritime Organisation (IMO), has greatly improved with the recent efforts of the management of the Nigerian Maritime Administration led by its Director General, Dr. Dakuku Peterside, to bring the country back to leadership position in global maritime community later this year. Nigeria’s Alternate Permanent Representative […]
Emirates Group, the international aviation holding company of Investment Corporation of Dubai, has announced a $670 million profit for the financial year ending March 31, 2017, representing 70 per cent increase as against last year’s record profit. For 29th consecutive years, the group has made profit and steady business expansion despite a turbulent year for […]
The Standard Organisation of Nigeria (SON) on Tuesday gave its Mandatory Conformity Assessment Programme (MANCAP) certification to 16 manufacturing companies in the Federal Capital Territory (FCT). The News Agency of Nigeria (NAN) reports that the certificate presentation ceremony was held at the Arts and Culture Centre, Area 10 in Abuja. Recipients of the MANCAP certificate […]
The National Bureau of Statistics (NBS) said the average price of imported rice decreased by 7.22 per cent, as one kilogramme (1kg) was sold for N250.30 in April from N418.71 in March. The NBS stated this in its ‘Selected Food Price watch data for April 2017’ released on Tuesday in Abuja. It, however, stated that […]