FG Orders CBN, NPA, 15 Others to Refund N450bn Unremitted Revenue
Minister of Finance, Kemi Adeosun has invited seventeen revenue-generating agencies to a meeting to tender proposals on how they intend to repay N450 billion unremitted...
Business
Amaechi eyes massive advertising revenue along railway routes
The federal government has stated that it intends to raise several billions of naira from companies and state governments from all rights of way, advertising...
224 firms submit bids for 2017 crude term contracts
India, Indonesia, Thailand now top destinations for Nigeria’s oil Chineme Okafor in Abuja The Nigerian National Petroleum Corporation (NNPC) yesterday disclosed that 224 companies have...
FG Claims Nigeria recorded over $20bn investment inflows in one year
In a remark certain to befuddle Nigerians, the federal government claimed at the weekend that the country recorded over $20 billion investment inflows in the...
Recession worsens as GDP drops in third quarters -Report
Nigeria’s recession has worsen as latest report from the National Bureau of Statistics, NBS, indicates that Nigeria’s Gross Domestic Product, GDP, has shrunk by 2.24...
Refineries may become moribund once Dangote’s begin production – Kachikwu
The four refineries belonging to the Federal Government may end up as scrap once the Dangote Group begins processing crude oil at its refinery in...
Nigeria may face famine in January, Presidency warns
The Presidency has raised the alarm that Nigeria may face famine in January, if drastic steps are not taken. Nigeria, Africa’s largest producer of cereals...
NNPC appoints veteran journalists as new spokesman, redeploys management staff
The Nigerian National Petroleum Corporation, NNPC, has announced the appointment and redeployment of top Management staff across board in a major exercise said to be...
Skye Bank takes over Obat Oil over N1.5bn debt
Skye Bank Plc has reportedly taken possession of the tank farms and business premises of Obat Oil in Apapa Business District of Lagos State. Obat...
NDIC to shut down MMM in Nigeria, insists it is fraudulent
The Nigeria Deposit Insurance Corporation, NDIC, has revealed plans to shut down Mavrodi Mondial Movement, MMM, scheme in Nigeria. The Managing Director, MD of NDIC,...