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Mrs Kemi Adeosun, Minister of Finance, on Friday appointed Ms Mary Uduk, as the new Director -General, the Securities and Exchange Commission (SEC) following the redeployment of Dr Abdul Zubair, who had held forte since December last year. Mr Oluyinka Akintunde, Special Adviser, Media & Communications to the Minister of Finance made the changes known…
April 14, 2018
About 160 projects, with an overall estimated cost of some $ 156 billion, are being undertaken by members of the Organisation of the Petroleum Exporting Countries (OPEC ) in the oil and gas upstream sector. Besides, Nigeria, a member of OPEC, expects oil and gas investment to hit $ 40 billion in the next five…
April 11, 2018
By 'Dotun Akintomide After building the largest tank farm in Sub-saharan Africa, Petrolex Oil and Gas has revealed plans by the firm to pump about $5 billion into the economy of Ogun State. Petrolex will be constructing a 250,000 capacity refinery that would be housed by the mega oil city it is already building in…
April 3, 2018
The prices of alcohol and cigarette would hit the roofs soon as President Muhammadu Buhari approved increase in excise duty rates on the products with effect from June 4, 2018. He also granted a grace period of 90 days to all manufacturers before the commencement of the new excise duty regime. The Minister of Finance, Mrs…
March 12, 2018
The Federal Government is making progress on the establishment of modular refineries with the arrival of one set of package shipment already in the country and undergoing Customs clearance. The Niger Delta Inter-Ministerial Committee, chaired by Vice President Yemi Osinbajo, informed members at its presentation meeting in Abuja that the refinery would be installed in…
March 11, 2018
The International Monetary Fund (IMF) has said that the Nigerian economy has exited from recession but remains vulnerable. Economic growth reached 0.8 percent in 2017, driven mainly by recovering oil production, while inflation declined to 15.4 percent year-on-year by end-December, from 18.5 percent at end-2016, the IMF said. The Executive Board of Directors of the…
March 8, 2018
By 'Dotun Akintomide In spite of Boko Haram's renewed hostilities in the North-east, the Nigerian National Petroleum Corporation (NNPC) remains resolute in its search for black gold in this beleaguered region as plans are underway for it to return to the Lake Chad Basin in Borno State soon. The Group Managing Director of NNPC, Dr.…
March 3, 2018
By 'Dotun Akintomide The federal government has said the latest GDP figures released by the National Bureau of Statistics (NBS) has further bolstered confidence that the 3.5% growth forecast for the Nigerian economy in 2018 is achievable. The Special Adviser to the President on Economic Matters, Dr. Adeyemi Dipeolu, Tuesday hinged his optimism on the 1.92%…
February 28, 2018
The Vice-President, Yemi Osinbajo, on Thursday urged multinational companies to domicile their factories in Nigeria for the sustainable growth of its economy. Osinbajo said this as he inaugurated Nestlé Nigeria Plc’s N4.1 billion Milo-Ready-to-Drink (RTD) factory at Agbara in Ogun. He said that international companies operating in the country should take a cue from Nestlé…
February 9, 2018
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Mrs Kemi Adeosun, Minister of Finance, on Friday appointed Ms Mary Uduk, as the new Director -General, the Securities and Exchange Commission (SEC) following the redeployment of Dr Abdul Zubair, who had held forte since December last year. Mr Oluyinka Akintunde, Special Adviser, Media & Communications to the Minister of Finance made the changes known…
April 14, 2018
About 160 projects, with an overall estimated cost of some $ 156 billion, are being undertaken by members of the Organisation of the Petroleum Exporting Countries (OPEC ) in the oil and gas upstream sector. Besides, Nigeria, a member of OPEC, expects oil and gas investment to hit $ 40 billion in the next five…
April 11, 2018
By 'Dotun Akintomide After building the largest tank farm in Sub-saharan Africa, Petrolex Oil and Gas has revealed plans by the firm to pump about $5 billion into the economy of Ogun State. Petrolex will be constructing a 250,000 capacity refinery that would be housed by the mega oil city it is already building in…
April 3, 2018
The prices of alcohol and cigarette would hit the roofs soon as President Muhammadu Buhari approved increase in excise duty rates on the products with effect from June 4, 2018. He also granted a grace period of 90 days to all manufacturers before the commencement of the new excise duty regime. The Minister of Finance, Mrs…
March 12, 2018
The Federal Government is making progress on the establishment of modular refineries with the arrival of one set of package shipment already in the country and undergoing Customs clearance. The Niger Delta Inter-Ministerial Committee, chaired by Vice President Yemi Osinbajo, informed members at its presentation meeting in Abuja that the refinery would be installed in…
March 11, 2018
The International Monetary Fund (IMF) has said that the Nigerian economy has exited from recession but remains vulnerable. Economic growth reached 0.8 percent in 2017, driven mainly by recovering oil production, while inflation declined to 15.4 percent year-on-year by end-December, from 18.5 percent at end-2016, the IMF said. The Executive Board of Directors of the…
March 8, 2018
By 'Dotun Akintomide In spite of Boko Haram's renewed hostilities in the North-east, the Nigerian National Petroleum Corporation (NNPC) remains resolute in its search for black gold in this beleaguered region as plans are underway for it to return to the Lake Chad Basin in Borno State soon. The Group Managing Director of NNPC, Dr.…
March 3, 2018
By 'Dotun Akintomide The federal government has said the latest GDP figures released by the National Bureau of Statistics (NBS) has further bolstered confidence that the 3.5% growth forecast for the Nigerian economy in 2018 is achievable. The Special Adviser to the President on Economic Matters, Dr. Adeyemi Dipeolu, Tuesday hinged his optimism on the 1.92%…
February 28, 2018
The Vice-President, Yemi Osinbajo, on Thursday urged multinational companies to domicile their factories in Nigeria for the sustainable growth of its economy. Osinbajo said this as he inaugurated Nestlé Nigeria Plc’s N4.1 billion Milo-Ready-to-Drink (RTD) factory at Agbara in Ogun. He said that international companies operating in the country should take a cue from Nestlé…
February 9, 2018
