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21 Dec, 2015

President Muhammadu Buhari will hold an emergency meeting of the Federal Executive Council (FEC) this Monday.

The meeting is expected to consider and...

21 Dec, 2015

Nigeria’s crude oil, which has been struggling to sell in recent months, may suffer further setbacks in the global market following the lifting of the ban...

17 Dec, 2015

THE Federal Government has unveiled plans to build new refineries as part of efforts to ensure that the country refines substantial volume of its fuel needs.

17 Dec, 2015

Global crude oil prices at seven-year lows will not continue and could swing upwards in as little as a year, OPEC Secretary-General Abdullah al-Badri said on...

16 Dec, 2015

AXA Mansard Insurance plc. has today announced the upgrade of its rating by the global insurance rating agency, A.M. Best, from “bb+” (Fair) to “bbb-” (Good) for the...

16 Dec, 2015

Brent crude, against which Nigeria’s oil is priced, fell below the country’s crude oil benchmark of $38 per barrel to $36.68 a barrel yesterday. U.S....

15 Dec, 2015

President Muhammadu Buhari has said his administration will soon introduce more policies to further ease the process of doing business in Nigeria.

A...

15 Dec, 2015

The Federal Government is planning to raise a total of N9.71tn as revenue for the 2016 fiscal period.

Details of the revenue to be raised from both...

14 Dec, 2015

In the first nine months of the year, the Federal Government had spent N3.42tn out of the total N4.493tn spending approved in the 2015 budget.

These...

14 Dec, 2015

Oil derivative traders are preparing for crude prices to fall further in the coming months, but few expect Goldman Sachs’ worst-case scenario of a drop to...

14 Dec, 2015

The Statistician-General of the Federation and Director-General, National Bureau of Statistics (NBS), Dr Yemi Kale has announced the adoption of Stanbic...

14 Dec, 2015

Nigeria spent about $35bn (N6.9bn) in the last five years to subsidise petroleum products, the World Bank has said.

In its ‘Nigeria Economic...

14 Dec, 2015

President Muhammadu Buhari has proposed to spend N500bn on social services to cater for the needs of youths and other “vulnerable” groups in 2016.

...

14 Dec, 2015

The federal government has earmarked N500 billion for the implementation of its social security scheme for unemployed young graduates under the 2016-2017 Medium...

14 Dec, 2015

FACED with reduced revenue following crude oil price crash, the Federal Government has decided to borrow money to fund its capital projects and meet other...

14 Dec, 2015

Global benchmark Brent crude on Thursday extended its losses, dropping to $39 per barrel thereby threatening the Federal Government’s ability to save...

14 Dec, 2015

After slowing down slightly in October, the nation’s Composite Price Index, CPI, which measures the prices of goods and services, inched up marginally to...

14 Dec, 2015

The naira continued its downswing on the parallel market segment of the foreign exchange market last week as it traded between N257 and N259 to a dollar in some...

08 Dec, 2015

The federal government is breaking up the Petroleum Industry Bill (PIB) that has been stuck in parliament for years, replacing it first with a law to overhaul the...

08 Dec, 2015

None of the nation’s four refineries of 445,000 barrels per day combined capacity has come back on stream few days to the end of the 90-day fast-track...