Nigeria recently introduced policy of whistleblower has started yielding dividend Minister of Information Alhaji Lao Mohammed said this in a statement in…
Economy
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Arik Air, placed on receivership earlier this week by Asset Management Company of Nigeria (AMCON) has accused the government of attempting to…
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Nigeria’s economy is estimated to have contracted by 1.54 percent in 2016, according to a budget ministry source. Nigeria is heavily dependent…
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—-plan to raise oil production to 2.5 mbpd by 2020 —-Expand tax base —-to privatise selected assets —-to present document to creditors…
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The Presidency, at the weekend, disclosed that it has set up a technical committee headed by Vice President Yemi Osinbajo to help…
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The influential Financial Times has published a scathing article criticizing Nigeria’s President Muhammadu Buhari. The article was written by Columnist David Pilling.…
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National Assembly has endorsed government’s request to sell a $1 billion Eurobond on the international debt market to help finance federal government…
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Nigeria has said it would set aside $50 billion to fund and stimulate investment in biofuels production in Nigeria. Governor of the…
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Investors are shunning Nigeria because of lack of respect for sanctity of contract and property right. According to a foreign investment broker,…
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BusinessEconomyNewsOil and Gas
Mrs, Aiteo and 122 others show interest in offshore sale of Nigeria crude
Sahara Energy, Glencore, Gunvpr, Aiteo, MRS, Trafigura and 122 other companies, have expressed their willingness to serve as off-takers for 800,000 barrels…
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Omni Helicopters International S.A. (“OHI”), parent of Brazil’s leading offshore aviation specialist Omni Taxi Aéreo S.A. (“OTA”), and Omni Blu Aviation Ltd.…
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Moved by the need to enhance affordability of food prices across country, the Buhari administration has constituted a Presidential Task Force to…
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Central Nank of Nigeria CBN said it has sold $660 million in three- and five- month currency forwards at an auction aimed…
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Foreign investment inflow into Nigeria fell from $9.6 billion about $4.52 billion, to $5.12 billion, between 2015 and 2016, according to data…
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Nigeria is set to commence the full implementation of the open contracting processes, aimed at entrenching transparency in public procurement. This was…