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National Economic Council (NEC), comprising the 36 State Governors in the country has threatened to take over the responsibility of subsidising petroleum products in their states based on consumption following the huge amount of money being spent by the NNPC as fuel subsidy payment annually. The Chairman of Governors’ Forum, Gov. Abdulazeez Yari of Zamfara…
May 17, 2018
The Chairman, Senate Committee on Appropriation, Sen. Danjuma Goje, has said that no provision was made in the 2018 Budget for any increase in minimum wage during the year. Goje made this known while briefing newsmen on Wednesday in Abuja shortly after the passage of the 2018 Appropriation Bill. He said the failure to capture…
May 17, 2018
The 36 states of the federation have so far withdrawn about 593.1 billion from the Federation Account as revenue generated in the first quarter of 2018. The breakdown is contained in the monthly Federation Account Allocation Committee (FAAC) report obtained by the News Agency of Nigeria (NAN) on Sunday in Abuja. The key agencies that…
May 13, 2018
US oil producers are reaping the benefits of OPEC’s efforts to balance the crude market by flooding Europe with a record amount of crude, hurting traditional suppliers such as Nigeria. Russia paired with the Organization of the Petroleum Exporting Countries last year in cutting oil output jointly by 1.8 million barrels per day (bpd), a deal…
April 24, 2018
Diaspora Nigerians wired $22 billion home in 2017 which amounts to an African record and the fifth largest remittance by immigrants globally, according to the World Bank. Egypt received $20 billion from its  citizens abroad, according to figures published by the bank today. The World Bank said payments  from immigrants back to their home countries…
April 23, 2018
Nigeria’s Minister of Finance, Mrs Kemi Adeosun and the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, affirmed on Sunday that the country’s positive growth outlook would be sustained. The Minister and the CBN Governor gave this assurance at a joint press briefing at the end of the 2018 International Monetary Fund and…
April 22, 2018
'Dotun Akintomide with Agency Report OPEC Secretary-General, Mohammad Barkindo had said on Friday that the cartel was not seeking to artificially drive oil prices higher in spite of such claims made by U.S. President Donald Trump. It would be recalled that the price of crude oil Wednesday rose to $72 per barrel, its highest in more…
April 20, 2018
'Dotun Akintomide with Agency Report In recognizing their cross sectoral business influence, Dangote Group, Globacom and Guaranty Trust Bank have been listed among six Nigerian companies driving amalgamation of economic activities in Africa. A statement issued by Globacom in Lagos on Thursday, said other companies mentioned also included United Bank for Africa and Jumia Nigeria.…
April 20, 2018
...As Shareholders Accuse Minister Of Interfering In SEC's Affairs By Dotun Akintomide The Minister of Finance, Mrs. Kemi Adeosun had given reasons why she waded into the crisis rocking the Nigeria's Securities and Exchange Commission (SEC) following the multiple events of the last one week pertaining to the lifting, reinstatement and lifting again of the technical…
April 17, 2018
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National Economic Council (NEC), comprising the 36 State Governors in the country has threatened to take over the responsibility of subsidising petroleum products in their states based on consumption following the huge amount of money being spent by the NNPC as fuel subsidy payment annually. The Chairman of Governors’ Forum, Gov. Abdulazeez Yari of Zamfara…
May 17, 2018
The Chairman, Senate Committee on Appropriation, Sen. Danjuma Goje, has said that no provision was made in the 2018 Budget for any increase in minimum wage during the year. Goje made this known while briefing newsmen on Wednesday in Abuja shortly after the passage of the 2018 Appropriation Bill. He said the failure to capture…
May 17, 2018
The 36 states of the federation have so far withdrawn about 593.1 billion from the Federation Account as revenue generated in the first quarter of 2018. The breakdown is contained in the monthly Federation Account Allocation Committee (FAAC) report obtained by the News Agency of Nigeria (NAN) on Sunday in Abuja. The key agencies that…
May 13, 2018
US oil producers are reaping the benefits of OPEC’s efforts to balance the crude market by flooding Europe with a record amount of crude, hurting traditional suppliers such as Nigeria. Russia paired with the Organization of the Petroleum Exporting Countries last year in cutting oil output jointly by 1.8 million barrels per day (bpd), a deal…
April 24, 2018
Diaspora Nigerians wired $22 billion home in 2017 which amounts to an African record and the fifth largest remittance by immigrants globally, according to the World Bank. Egypt received $20 billion from its  citizens abroad, according to figures published by the bank today. The World Bank said payments  from immigrants back to their home countries…
April 23, 2018
Nigeria’s Minister of Finance, Mrs Kemi Adeosun and the Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, affirmed on Sunday that the country’s positive growth outlook would be sustained. The Minister and the CBN Governor gave this assurance at a joint press briefing at the end of the 2018 International Monetary Fund and…
April 22, 2018
'Dotun Akintomide with Agency Report OPEC Secretary-General, Mohammad Barkindo had said on Friday that the cartel was not seeking to artificially drive oil prices higher in spite of such claims made by U.S. President Donald Trump. It would be recalled that the price of crude oil Wednesday rose to $72 per barrel, its highest in more…
April 20, 2018
'Dotun Akintomide with Agency Report In recognizing their cross sectoral business influence, Dangote Group, Globacom and Guaranty Trust Bank have been listed among six Nigerian companies driving amalgamation of economic activities in Africa. A statement issued by Globacom in Lagos on Thursday, said other companies mentioned also included United Bank for Africa and Jumia Nigeria.…
April 20, 2018
...As Shareholders Accuse Minister Of Interfering In SEC's Affairs By Dotun Akintomide The Minister of Finance, Mrs. Kemi Adeosun had given reasons why she waded into the crisis rocking the Nigeria's Securities and Exchange Commission (SEC) following the multiple events of the last one week pertaining to the lifting, reinstatement and lifting again of the technical…
April 17, 2018
