FG raises N6.3b in 7-months from bonds
The Federal Government said it has in the last seven months, raised N6.3 billion through the monthly Federal Government of Nigeria Savings Bond (FGNSB) issuance...
Business
FG to award 80% of crude lifting to NNPC
Federal Government has revealed that it plans to allocate 80 percent of crude lifting to Nigerian National Petroleum Corporation, NNPC Trading, an arm of the...
Naira looses value as NAFEX records $178.5m
The naira Thursday, depreciated marginally to N359.7 per dollar in the investors and Exporters (I&E) window while the $178.5 million was traded. According to data...
Shell kicks-off gas production in Niger Delta
Royal Dutch Shell, Wednesday, said it has started gas production from the second phase of the Gbaran-Ubie project in Nigeria’s Niger Delta region. The project...
N513bn spent on debt servicing in 2017 — NEITI
The Nigeria Extractive Industries Transparency Initiative, NEITI, has expressed concern over Nigeria’s level of indebtedness, declaring that the country’s debt in relation to revenues have...
Niger Delta becoming unattractive to investors – SPDC
Mr. Igo Weli, the General Manager, External Relations, Shell Petroleum Development Company (SPDC), yesterday said the Niger Delta was no longer attractive for investment. Niger-Delta...
Nigeria could sleep back to deep recession if- Emefiele
The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, has said that Nigeria’s economy could slip back into a ‘protracted recession’ if all necessary fiscal...
FG gives states another tranche of Paris Club refund
Federal Government has paid to states another tranche of the Paris Club refund. Ekiti, which got N9.5billion in the first tranche, received another N4.772billion; Abia...
Tax asset: 150 wealthy Nigerians face probe
The Federal Government has engaged Kroll, a United Kingdom-based forensic and assets-tracing firm, and some other foreign firms to trace the assets of very wealthy...
We over-produce food in Nigeria – Agric Minister, Ogbeh
Despite the astronomical increase in prices of food stuff in the market, the Minister of Agriculture and Rural Development, Audu Ogbeh, has said that Nigeria...