Business

Business
News
Politics

FG working to crash price of petroleum products – Enang

The Federal Government of Nigeria said it has concluded plans to crash the price of petroleum products in the country. The Senior Special Assistant to President Muhammadu Buhari on Niger Delta Affairs, Senator Ita Enang disclosed this, weekend, during an interaction with journalists in Uyo, the Akwa Ibom State capital. Enang said the FG decided […]

Read More
Business
Politics

Abia: Ikpeazu issues quit notice to road side mechanics

Governor Okezie Ikpeazu of Abia State has given mechanics and motor spare parts dealers doing business in the streets of Aba till the 31st of May this year to move into the Ovom Mechanic and Motor Spare Parts Industrial Cluster. Governor Ikpeazu gave the directive after inspecting the progress of work at the Ovom Mechanic […]

Read More
Business
Law

Breaking: Shell loses case against 4 Nigerian farmers in Dutch court

A Dutch appeal court in The Hague has ruled that the Nigerian branch of Shell has to pay compensation to some Nigerian farmers who have been litigating against the company for 13 years. The court reached the decision today. The amount of compensation must be determined later, a Dutch newspaper reported. According to the ruling, Shell is […]

Read More
Business

The Role of PEF in stemming rising inflation in the Nigerian Economy.

“Do your little bit of good where you are; its those little bits of good put together that overwhelm the world”-Archbishop Desmond Tutu (1984 Nobel Peace Prize winner) Finance, Budget and National Planning Minister, Zainab Ahmed’s recent pronouncements on the ascending inflation in the country is a tacit admission that the cost of living index […]

Read More
Business
Politics

Bobboi’s Tenure Renewal: A Toast To PEF (Management) Board

The news that President Muhammadu Buhari has endorsed Ahmed Bobboi, Executive Secretary of Petroleum Equalisation Fund(Management) Board, for a new 4-year term had drawn wide acclaim and commendations from oil industry practitioners, the organised private sector and other pertinent stakeholders. The presidential pat on the back, many believe, came on the heels of trailblazing activities […]

Read More
Business

Nigerian govt seeks $11billion loan for construction of Lagos-Calabar Railway — Amaechi

Rotimi Amaechi, the Minister of Transportation has said that the Federal Government was set to apply for $11billion loan to construct Lagos-Calabar railway. Ameachi also called on the people from the South East and South South to work together to enable them foster growth in the region. The former Rivers State government stated this in […]

Read More
Business

Abia to partner NSE for promotion, development of SMEs

Abia State Governor, Dr Okezie Ikpeazu, has stated the willingness of his administration to partner with the Nigerian Stock Exchange (NSE) in the promotion of Small and Medium Enterprises in the State. The Governor made this known on Monday, while receiving in audience the President, Council of Nigerian Stock Exchange, Otunba Abimbola Ogunbanjo, at the […]

Read More
Business

Nigeria, others may lose $116b to pandemic by year end — FIRS boss

Nigeria and other countries within the continent of Africa may lose approximately $116billion to Covid-19 pandemic at the end of 2020, the Chairman of African Tax Forum (ATAF), Mr. Muhammad Mamman Nami has said. Nami made this revelation as part of his opening remarks at the 4th ATAF High-Level Tax Policy Dialogue during a Zoom […]

Read More
Business
General

Nigerian govt ends subsidy on petrol

The federal government has halted subsidy on Premium Motor Spirit aka petrol. Minister of State for Petroleum Resources, Timipre Sylva, announced this on Thursday. He said the decision was in line with the deregulation of the downstream oil sector. Sylva, in a statement, noted that the move would boost the economic growth and development of […]

Read More
Business
General

Economic sustainability Plan will protect weak, vulnerable Nigerians – Buhari

ABUJA — PRESIDENT Muhammadu Buhari has affirmed that the recently developed Economic Sustainability Plan, ESP, aimed at stimulating the economy amid the COVID-19 pandemic, will extend protection to very poor Nigerians and other vulnerable groups through pro-poor spending. A statement issued on Wednesday in Abuja by the Special Adviser to the President on Media and […]

Read More
× Join our WhatsApp Group for more news.