Approximately N50.76million (1.2million Chinese Yuan) will be injected in the second phase of the Abuja Solar Powered Traffic Control Signal, the federal government has disclosed.
The fund is part of an over eight million Chinese Yuan (N338.4million) bilateral agreement between Nigeria and the P [...]
The 36 states of the federation were said to have generated a total of N31, 324,433,480.10billion in gross value added tax, VAT, in May 2016, figures from the Office of the Accountant General of the Federation has shown.
The figure contained in the monthly Federation Account Allocation Committee [...]
The Central Bank of Nigeria, CBN, has dismissed allegations that some banks in the country may be distressed, saying all deposit money banks in the country are in good financial condition.
The assurance became necessary following the replacement of most members of the board and management of Sky [...]
All area postal managers in the country have been directed to make every items meant for delivery at the Internally Displaced Persons camps free of charge, management of the Nigerian Postal Service, NIPOST, have said.
This, according to the Acting Postmaster General of the Federation, Dr. Richar [...]
The federal government has guaranteed holders of the nation’s Eurobonds of the safety of their investments, saying despite bleak economic outlook, the Nigerian government is working at strengthening its economy in the shortest possible period.
Nigeria’s Minister of Finance Mrs. Kemi [...]
The federal government’s threat to Deposit Money Banks to stop sack of its staffers or risk withdrawal of their operational licenses may have paid off, as the banks last week agreed to suspend the mass sack of workers.
The bank chief executive officers under the aegis of the Bankers’ [...]
There were indications last week that the federal government has reached advanced stage for the disbursement N95billion to 400 businesses, under its Government Enterprise and Empowerment Programme, GEEP, intervention programme.
According to the Bank of Industry, BoI, the fund which is part of th [...]
Despite the calls for the diversification of the Nigerian economy to more reliable sectors such as agriculture, growth in the sector has been largely informal at an estimated 91.85percent share.
Data on formal and informal sector split of the nation’s Gross Domestic Product for 2015 shows [...]
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