Category: Business
Fortifying affordable housing’s role in expanding Nigeria’s economic growth
As the continent’s largest economy, international development experts, innovators and funders increasingly believe that Nigeria is positioned to provide a...
Nigerian States and their debt burden
With domestic debt profile totaling N3.4trillion, Nigerian states and the Federal Capital Territory are all struggling under heavy debt burden in the midst of...
Exclusive: Fresh $3.5bn fuel subsidy racket rocks NNPC
The Nigerian National Petroleum Corporation (NNPC) has been rocked by a fresh $3.5 billion fuel subsidy racket. The corporation on Wednesday, however, disclaimed reports...
FG shifts DISCOs 5-year tenure review
The 5-year tenure review for associated Performance Agreements (PAs) signed in August 2013 between the Federal Government and core investors in power distribution...
NNPC distances self from Abia Pipeline explosion
The Nigerian National Petroleum Corporation (NNPC) has refuted the allegation that negligence on its part caused the oil pipeline fire incident Friday last week in...
How FG’s fuel subsidy debt profile hit N130.7bn – Marketers
The Federal Government’s debts profile on fuel subsidy and taxes to major marketers of petroleum products in Nigeria have hit N130.7 billion mark. Major Oil Marketers...
650, 000 barrels daily Dangote refinery on schedule
The Federal Government said on Wednesday that it envisaged production at a huge oil refinery being built in Nigeria by Africa’s richest man to start as scheduled...
$8.1bn repatriation, CBN, MTN inch closer to truce – Minister
The Central Bank of Nigeria (CBN) and South African telecommunications giant, MTN are closer to a truce in their dispute over the repatriation of $8.1 billion. Minister...
Asaba Airport to be operational hub of Air Peace – Okowa
NIGERIA’S premier carrier, Air Peace Airline is to make the Asaba Airport its operational hub, Delta State Governor, Senator Dr Ifeanyi Okowa has said. The governor...
Senate asks CBN to increase maximum ATM withdrawal to N40,000
Senate on Wednesday asked the Central Bank of Nigeria (CBN) to compel commercial banks to increase the maximum amount customers can withdraw from Automated Teller...
