The African Development Bank (AfDB) on Thursday in Abuja put the value of its 27 ongoing projects in Nigeria at 1.4 billion dollars. The bank’s Resident Representative in Nigeria, Mr Osumane Dore, gave the figure at a press briefing to highlight ...
The management of Kaduna Refinery and Petrochemical Company (KRPC) on Thursday said it would increase production of kerosene to meet consumers’ demand. The Executive Director, Service of the company, Mr Idi Muhktar, said this in Kaduna while answ...
Trading activities on the Nigerian Stock Exchange (NSE) on Wednesday reopened on a positive note after a public holiday declared by the Federal Government to mark Workers’ Day celebration. The News Agency of Nigeria (NAN) reports that...
The German airline, Lufthansa, on Wednesday became the first airline in the world to take delivery of a Boeing 747-8 the News Agency of Nigeria (NAN) reports. A NAN correspondent who covered the launch reports that the new plane described as the &...
The Federal Government has confirmed that 9,000 out of 11,000 causal workers in PHCN across the country, a union leader said. The Chairman of National Union of Electricity Employees (NUEE), FCT branch, Mr Wisdom Nwachukwu, made the confirmation while a...
The Minister of Power, Prof. Barth Nnaji, on Monday blamed the erratic power supply in the country on some cabals he said are benefiting from the decay recorded in the sector over the years in the country. Nnaji who disclosed this at a stakeholders for...
The IMF/World Bank spring meetings have come and gone with various issues discussed in the annual spring meetings. The issue before the spring meetings was the election of the World Bank president where Nigeria’s coordinating minister for the eco...
The Chartered Institute of Taxation of Nigeria (CITN) has advised the Federal Government to allow all states of the federation to be fiscally independent. The CITN Registrar, Mr Jayeoba Abayomi, told the News Agency of Nigeria (NAN) in Lagos on Thursda...
The nation’s consumer inflation rose to 12.1 per cent year-on-year in March, compared with 11.9 per cent year-on-year in February, driven by higher food prices, the National Bureau of Statistics said yesterday. “The increase in the he...
The Central Bank of Nigeria yesterday said it was yet to be served any court papers in respect of a suit filed by Victor E. Dike, alleging that the CBN Governor, Malam Sanusi Lamido Sanusi plagiarised his work. The CBN in a statement signed...
The Petroleum Products Pricing Regulatory Agency (PPPRA) has debunked allegations levelled against it in the media, following the House of Representatives Ad- Hoc Committee report on subsidy regime in Nigeria, saying it did not pay N312 billion to itse...
As the ultimatum given British Airways, Virgin Atlantic Airways and other foreign carriers in Nigeria to bring down their fares expired yesterday, the Federal Government has suspended sanctions pending the outcome of the investigations instituted by th...
The naira firmed against the U.S dollar on both the interbank market and official window yesterday, after a unit of France Total sold about $120 million to some lenders, boosting dollar liquidity. Traders said the naira closed at N157.20 to the d...
Market capitalisation of equities on the Nigerian Stock Exchange (NSE) rose by N24 billion on Wednesday. At the end of transactions, the index closed at N7.01 trillion against the N6.982 trillion recorded on Tuesday. The All-Share Index, which o...
Ms Ama Pepple, the Minster of Lands, Housing and Urban Development says the Federal Government will support new initiatives to support the provision of affordable houses in the country. Pepple made this known on Wednesday in ...