Economy

LAGOS—Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, yesterday said that the Federal Government is set to privatise the petroleum products pipeline network in the country to minimise the issue of perennial vandalism and […]

ABUJA — The hardship currently witnessed by Nigerians across the country took a turn for the worse in Abuja in the last couple of days as Abuja Electricity Distribution Company  reduced power supply to the […]

ABUJA—The Nigerian National Petroleum Corporation, NNPC, yesterday announced a loss of N240.987 billion in its operations for 10 months, between January and October 2015. The NNPC, in its Monthly Oil and Gas Report for October […]

Muhammadu Buhari’s ouster from power in 1985 clearly attracted jubilation in several quarters, particularly from those who decried his iron-fisted enforcement of social discipline. But three decades later, he was, inexplicably, swept back to power, […]

It is unthinkable that wisdom should ever be popular”, Johann Goethe, 1749- 1832, (VANGUARD BOOK OF QUOTATIONS, VBQ, p 275.) “The Chairman Fiscal Responsibility Commission, Chief Victor Murako, has warned of a possible shutdown by […]

The Federal Government would understudy the Australian mining sector in the bid to reposition the country’s solid mineral sector, the Minister of Solid Minerals Development, Kayode Fayemi, has said. The government will also be learning […]

There is no better illustration of the political programme of waste and senseless consumption than the creation of 36 states and 774 local governments out of the four pre-coup regions under a federal system inherited […]

Bond yields fall on rate decision THERE were indications that Nigeria would raise N129.17 billion ($649.10 million) worth of local currency denominated Treasury Bills (T-Bills), with varying maturities of three months and one year on […]

DESPITE recent call by former Central Bank Governor, Sanusi Lamido Sanusi, for an increase in Value Added Tax (VAT), an expert has warned that “government will collapse in no time,” if the suggestion is followed. […]

In furtherance of his administration’s effort to boost foreign direct investment, Lagos State Governor, Mr. Akinwunmi Ambode will join other participants for this year’s edition of the Global African Investment Summit taking place in London […]

Currently, Nigeria’s economic indicators are turning green, some real good news in a long while: The Gross Domestic Product, (the total value of goods and services produced in the country) picked up gently from 2.4 […]

Interior Minister says only 48 Nigerians were repatriated from UK The Nigeria Immigration Service (NIS) has generated N24.3 billion between January and October this year from the issuance of passports and visas, it was learnt […]

Tips Nigeria, China, India, others to lead global energy demand Statistics presented by oil giant, ExxonMobil, yesterday indicated that oil will still sustain the global energy need for 100 years. Its General Manager, Deep Water […]

A total of N240.98bn was lost by the Nigerian National Petroleum Corporation between January and October this year, latest figures from the firm’s oil and gas report for October 2015 have shown. The NNPC made […]

•As FG,  States, LGS share 400 b  The Federal Government is yet to put a specific figure to the amount of money so far returned by those who looted the treasury, as disclosed by President […]

THE Senate has ordered the Nigeria National Petroleum Corporation (NNPC) and other agencies under the Ministry of Petroleum Resources to end petroleum products’ scarcity within two weeks. The upper chamber said notable sharp practices, including […]

LAGOS— The Federal Government, yesterday, revealed plans to set up a $25 billion infrastructure fund to bridge the funding gap in infrastructure development in the country. She explained that setting up the fund became necessary […]

LAGOS — Financial markets recorded dramatic reversal of fortunes barely 24 hours after a bullish reaction to new monetary policy measures introduced by the Central Bank of Nigeria, CBN. The apex bank had in its […]

LAGOS — The Central Bank of Nigeria (CBN), yesterday, dismissed allegation that some banks are experiencing distress. “The CBN wishes to state categorically that no Nigerian bank is ‘experiencing stress.’ The story as published is […]

Marketers hoarding and diverting petroleum products may soon face the law as the Nigeria National Petroleum Corporation (NNPC) plans to engage the Department of State Services (DSS) and the Economic and the Financial Crimes Commission […]