No more free market access in Nigeria - FG Stories

Nigeria’s Minister of Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, has said the country will no longer provide free market access for investors, stressing that henceforth those willing to do business in the country must connect to industrials and manufacturing acti [...]

Sat, 03 March 2018

Statutory allocation drops as tax revenue surge


Though the latest revenue allocation to the three tiers of government has dropped by N20billion, government disclosed that revenue generated in the period was actually higher than that of the previous month.This was the position of the Accountant-General of the Federation, Idris [...]

Tue, 27 February 2018

Economy: Buhari optimistic as petroleum summit opens in Abuja

As the first Nigeria International Petroleum Summit, NIPS, opens in Abuja, President Muhammadu Buhari, has described the summit as the highlight of Nigeria's contribution towards attracting foreign investment to Africa.
Buhari, who stated this while declaring open the Summit on Monday [...]

Thu, 22 February 2018

Osinbajo opens first Nigeria petroleum summit in Abuja

Vice President Yemi Osinbajo is scheduled to declare open the first Nigeria Investment Petroleum Summit, NIPS, on Monday, February 18, 2018 in Abuja.

Minister of State for Petroleum Resources, Dr Ibe Kachikwu, who disclosed this at a world press conference in Abuja, said the Secretary General o [...]

Fri, 16 February 2018

Anchor Borrowers’ scheme: CBN disburses N55bn to farmers

A total of N55billion has been disbursed to at least, 250,000 farmers within two years of implementation of the Anchor Borrowers’ Programme, ABP, the Central Bank of Nigeria has revealed.

According to the Acting Director, Corporate Communications of the bank, Mr. Isaac Okorafor, 80percent [...]

Fri, 16 February 2018

IEC calls for standardisation in power sector

The Nigerian National Committee of the International Electro-Technical Commission, IEC, has said standardisation remains the only way of ensuring the safety of consumers in a seemingly borderless globe.

The national chairman of the Nigerian National Committee, Engr. A. Esan, made the assertion [...]

Thu, 15 February 2018

Forex: Central Bank intervenes in Retail SMIS with $325.64m

The Central Bank of Nigeria (CBN) has again intervened in the Retail Secondary Market Intervention Sales (SMIS) to the tune of $325.64 million.

Figures obtained from the Bank on Friday, February 9, 2018, indicate that the amount released was for requests in the agricultural, airlines, petroleum [...]

Sat, 10 February 2018


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