Nigeria’s excess crude account hits $2.09b

Nigerian Excess Crude Account was totalling $2.09 billion at October 16, the Bauchi State Governor, Mohammed Abubakar, has disclosed. Addressing pressmen on Thursday after the National Economic Council (NEC) meeting held in Abuja, he explained that the Minister of Finance, Zainab Ahmed, gave the update on the Federation Account Allocation Committee More...

by Felix OLOYEDE | Published 2 days ago
By Felix OLOYEDE On Thursday, October 18th, 2018
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Nigeria jumps 10 places in 2018 Global Competitiveness Index

Nigeria made significant progress in World Economic Forum’s (WEF) 2018 Global Competitiveness Index, ranking 115 out of 140 countries. The country was moved up 10 places from the 125 out of 137 countries it was More...

By Felix OLOYEDE On Wednesday, October 17th, 2018
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FEC gives nod to processing machines for rural famers

President Buhari and his Vice, Osinbajo with other ministers and governors were pictured at the Federal Executive Council meeting. The Federal Executive Council (FEC) has approved the disbursement of produce processing More...

By Felix OLOYEDE On Wednesday, October 17th, 2018
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Inflation rate accelerates to 11.28% in Sept

Prof. Yemi Kale, DG, National Bureau of Statistics The Consumer Price Index, (CPI) which measured inflation for September increased to 11.28 per cent (year-on-year) from 11.23 per cent recorded in August, the National More...

By Felix OLOYEDE On Tuesday, October 16th, 2018
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PENGASSN tasks govt on quick minimum wage resolution

Mr Olabode Johnson, National President, PENGASSN The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has urged the Federal, state governments and organised private sector to resolve the More...

By Felix OLOYEDE On Monday, October 15th, 2018
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Traders tasks politicians on accountability

Mr Ken Ukaoha, NANTS President The National Association of Nigerian Traders (NANTS) has called for accountability from in-coming governments, insisting that they must keep their promises. President of the association, More...

By Felix OLOYEDE On Monday, October 15th, 2018
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Economy : IMF forecast signposts tougher times

President Muhammadu Buhari By FELIX OLOYEDE  Experts have noted that the reduction in the International Monetary Fund’s (IMF) growth outlook for the Nigerian economy in 2018 presages a rise in the jobless rate More...

By Felix OLOYEDE On Friday, October 12th, 2018
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SPIP recovers over N6.5trn in cash, physical assets

Okoi Obono-Obla, Chairman of SPIP The Federal Government has recovered over N6.520 trillion in cash and physical assets through the Special Presidential Investigation Panel for Recovery of Public Property (SPIP). Mr. More...

By Felix OLOYEDE On Friday, October 12th, 2018
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Digitalisation would attract more global business to Nigeria– Ogilvy Group

Okechukwu Enelamah, Nigeria’s Minister of Industry, Trade and Investment An integrated creative company, Ogilvy Group, says digitalisation will birth emergence of more global companies in Nigeria’s business More...