President Muhammadu Buhari will leave Abuja on 28th April 2018, on an official working visit to the United States of America, on the invitation of President Donald Trump. President Buhari will have bilateral meeting with President Trump and a working lunch on Monday 30 April 2018. The meeting is to discuss ways to enhance the […]
The Association of Master Bakers and Caterers of Nigeria (AMBCN) has called on the country’s federal government to ditch the 15% levy collection on wheat importation in light of the failure of the Cassava Bread Development Fund (CBDF). The government rolled out the tax in 2012 to discourage the importation of wheat and flour in […]
Nigerian Telecoms Company Globacom and China’s Huawei Technologies Co Ltd are laying an undersea cable that will provide high-speed internet to oil platforms in the country’s Niger Delta region. The 850 kilometre-long (528 miles) cable, connecting southwestern commercial capital Lagos with the southern Delta region, is expected to be completed by the first quarter of […]
The National Bureau of Statistics (NBS), says the Nigeria Immigration Service (NIS) generated more than N35.72 billion from passports applications in 2017. The NBS said this in a statistics on Immigration for 2017 posted on its website. According to the report, the figure is less than the N36.17 billion generated from passports application as local […]
The Federation Account Allocation Committee (FAAC) meeting scheduled to hold on Wednesday was postponed due to alleged underpayment into the federation account by the Nigerian National Petroleum Corporation (NNPC) Mr Mahmoud Yunusa, Chairman, Forum of Finance Commissioners of FAAC, who disclosed this to newsmen in Abuja, said the postponement was unfortunate. He said it was […]
Extending the OPEC cuts beyond their current expiry date at the end of 2018 would seem unnecessary if oil prices keep rising, Iran’s Oil Minister Bijan Zangeneh told the Iranian oil ministry’s news service Shana on Monday. “High oil prices, even in the mid-term, would destabilize the prices and put pressure on them against OPEC’s […]
Mr Olusegun Banjo, Lagos State Commissioner for Economic Planning and Budget, says the state has recorded revenue of N141.96 billion in the first quarter of 2018. Banjo said this at the ongoing ministerial briefing to mark Gov. Akinwunmi Ambode’s third year in office at Alausa, Lagos on Tuesday. Banjo said the figure represented an increase […]
Suspected pirates have seized 12 crewmembers of a Dutch-flagged cargo ship off the coast of Nigeria, the vessel’s managing company confirmed Monday. The 480-foot MV FWN Rapide was attacked on Saturday morning as it was approaching Port Harcourt, Nigeria, according to gCaptain, an industry website. According to the ship’s Automatic Identification System (AIS) tracking, it […]
As OPEC’s efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits – and flooding Europe with a record amount of crude. Russia paired with the Organization of the Petroleum Exporting Countries last year in cutting oil output jointly by 1.8 million barrels per day (bpd), a deal they say has […]