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2018 Budget: Ex-ANAN President tasks FG on infrastructure

The former President, Association of National Accountants of Nigeria (ANAN), Dr. Samuel Nzekwe, has advised the Federal Government to ensure enormous investments in infrastructure to provide growth in the nation’s economy. Nzekwe gave the advice in an interview with the...

ICRC wants FG to declare national emergency on infrastructure

The Infrastructure Concession Regulatory Commission (ICRC) has asked the Federal Government to implement plans that will kick-start rapid infrastructure development in the country. The acting Director-General, ICRC, Mr.Chidi Izuwah, said this on Wednesday in Abuja at a one-day Public-Private Partnership...

Akwa-Ibom State to establish modular refinery

…Commends NCDMB on effective local content implementation The Governor of Akwa Ibom State, Mr.Udom Emmanuel, has assured citizens of the state on government’s readiness to commence building of modular refinery, which will help to absorb some trainees who have...

FG earmarks N500b for Social Intervention Programme in 2018

The Federal Government has set aside N600 billion to consolidate on its Social Intervention Programmes. President Muhammadu Buhari said this when he presented the 2018 budget proposal to the joint session of the National Assembly in Abuja on Tuesday. According...

Paradise Papers: FG to investigate Nigerian users of offshore tax havens

The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday said the government would investigate high net-worth individuals and companies who frequently used offshore tax havens. Adeosun said this in an interactive session with the media on Tuesday in Abuja, while...

Buhari: N8.612t Budget for 2018 will sustain steady economic recovery

President Muhammadu Buhari on Tuesday in Abuja presented about N8.612 trillion as the 2018 Appropriation bill to a joint session of the National Assembly, saying the projected expenditure would drive rapid economic recovery. He said at the session that with...

NASS tasks Executive on steps to make 2018 Budget job-oriented

The National Assembly on Tuesday tasked the executive arm of government to take deliberate steps to make the 2018 Budget of N8.612 trillion a job-oriented one. The Chairman of the National Assembly, Sen. Bukola Saraki, made the call at the...

Senate working on legislation to attract foreign investors-Yusuf

The Vice-Chairman, Senate Committee on Science and Technology, Sen. Yusuf Yusuf, has said the Senate was working on legislations aimed at attracting more foreign investors to Nigeria. Yusuf stated this when he addressed journalists in Abuja on Sunday, shortly after...

WAMCO posts N18.6b profit

FrieslandCampina WAMCO Nigeria Plc makers of dairy products, Peak, Three Crowns and Friso milk, at its 43rd Annual General Meeting in Lagos, said it recorded a turnover of N120.72 billion. A statement issued by the Corporate Affairs Director, Ore Famurewa...

Nigerian Breweries: Stakeholders Laud ‘Bountiful Harvest’

Nigerian Breweries (NB) Plc, a foremost quoted company on the Nigerian Stock Exchange (NSE), has shown great resilience in its activities that dominate the brewery sub-sector of the Capital Market. Amid tough operating environment which poses great challenge to...

Statoil Could Lose 5% of Agbami Interest Following Expert Calculation

Statoil announced Friday that its equity interest in the Agbami field, located offshore Nigeria, could be reduced by 5.17 percent, following an expert calculation of revised tract participations for the field. Assuming implementation, this calculation will result in Statoil’s equity...

Unclear Policy Environment Behind Job Losses

Unstable policies and programmes in the Nigerian petroleum industry are mainly responsible for uncertainties that aggravate mass job cuts in the sector. Industry labour chieftain, Mr. Hyginus Onuegbu, who spoke in Port Harcourt stated that the massive job cuts in...

Indigenous Producers Deliver 260,000 B/d

Nigerian indigenous exploration and production companies produced about 260,000 barrels of crude oil per day, or 12 percent of the country’s total crude oil production, in August 2015. Although it is an indigenous oil firm, Nigerian Petroleum Development Company (NPDC)...

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Buhari’s achievements laudable in spite inheriting empty purse

The Minister of Information and Culture, Alhaji Lai Mohammed said President Muhammadu Buhari’s administration recorded laudable achievements, in spite of terrible economic downturn and...