Nigeria approves 3-year budget plan, projects low growth in 2019
The Federal Executive Council (FEC) on Wednesday in Abuja approved the Medium Term Expenditure Framework (MTEF) and Fiscal Strategic Paper (FSP) for 2017 to 2019....
Category: Business
Cost Reduction: Kaduna, Rating Agency Collaborates on Transparency – Commissioner
By ALEX UANGBAOJE, Kaduna As part of measures to reduce costs and facilitate best pricing and timing of issues, Kaduna State government said it is partnering...
Illegal Oil Wells Found In 12 Residential Buildings In Lagos
The Lagos state government has shut 12 houses in the Ilasamaja area of the state following the discovery of shallow oil wells, where diesel was...
N156bn Debt: Power Firms Threaten To Shut Down Electricity Supply Nationwide
Nigeria’s largest electricity companies will shut down power supplies unless the government pays longstanding bills it owes them and improves gas supplies, a joint statement...
FG Begins Review of Tax Policy
The Federal Government has inaugurated a committee on the review an update of the national tax policy document as part of efforts to increase the...
FG retakes Ajaokuta, signs agreement with Indian
The Federal Government on Monday took a major step in its plan to revitalise the steel sector as it signed a renegotiated concession agreement with...
PDP Defrauded Edo Of $31m Over Avan Cement – Oshiomhole
Comrade Adams Oshiomhole, Edo State Governor, has revealed that the Peoples Democratic Party (PDP)-led government in Edo State allegedly received $31million from the coffers of...
FG’s N60bn Economic Stimulus Out Next Week
The federal government says it will release an additional N60 billion next week, as part of ongoing efforts to tackle infrastructure deficit and facilitate revitalization...
Private Refineries: Stakeholders Seek Better Incentives for Investors
Stakeholders in the oil and gas industry have said that incentives for private refineries in the country will go a long way to boosting Nigeria’s...
NNPC to Set up Energy Renewable Plant in Benue
The Nigeria National Petroleum Corporation (NNPC) says plans are underway to set up an energy renewable plant that will use agro products to generate energy....