Minister of Health, Professor C.O. Onyebuchi Chukwu, Tuesday inaugurated the ministerial committee charged with the establishment of world-class tertiary healthcare institutions by…
Category:
Economy
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Asia is set to import record volumes of oil from West Africa, mainly from Nigeria, this year as increasing supplies of high…
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Minister of Petroleum Resources Mrs Diezani Alison-Madueke says the nation’s oil reserve could grow to 40 billion barrels by 2020 with daily…
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The Minister of Trade and Investment, Olusegun Aganga, has said that the Federal Government would strengthen investment pact with Brazil in order…
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Flour Mills of Nigeria said it will seek shareholders’ approval to acquire a controlling stake in privately-held food manufacturer Rom Oil Mills,…
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By Omoh Gabriel The Bureau of Public Enterprises yesterday said that 54 potential investors have submitted bid for the 11 distribution companies…
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The World Bank has decried rising food prices saying it is ready to help governments respond to a broad-based run-up in grain…
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EconomyNewsOil and Gas
Oil companies underpaid FG $2.33 billion, as NNPC pocketed $3.789bn dividend from LNG
By Omoh Gabriel Nigeria Extractive Industry Transparency Initiative has disclosed that from its audit report between 2006 and 2008 the Nigerian National…
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EconomyNewsOil and Gas
Fuel Subsidy Probe: Presidential Committee recommends recovery of N382bn from 21 companies
The Presidential Committee on Verification and Reconciliation of Fuel Subsidy Payments submitted its final report to President Goodluck Jonathan on Tuesday in…
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The Economic and Financial Crimes Commission (EFCC) will on Wednesday in Lagos arraign some oil marketers and their companies for their alleged…
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Nigeria’s external trade balance improved to 10.67 billion dollars (N16.63 trillion) in the first quarter of 2012, from the 8.44 billion dollars…
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Minister of Finance and coordinator of the Economy, Dr Ngozi Okonjo-Iweala, says Nigeria loses more than N2 trillion annually to capital flight…
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The Federal Inland Revenue Service (FIRS) Nigeria has generated through taxation N2.43 trillion in the first half of 2012. This collection represents…
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The nation’s inflation rate inched by 0.2 from the 12.7 per cent in May to 12.9 in June, according to latest figure…
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The U.S. Senate Finance Committee voted on Wednesday to renew an expiring trade benefit that has helped create hundreds of thousands of…