Sunday, January 20, 2019
Electricity generation companies in the country have said they will be forced to shut down their power plants if the challenges facing them are not addressed. The Association of Power Generation Companies, the umbrella body for the Gencos, said on...
Nigerians in the UK have emerged the highest senders of money to their home country with £3.27m being sent in 2017. According to a World Bank report, Nigeria was the top receiver of cash from the UK, followed by India,...
The Federal Government on Saturday declared that it would pay oil marketers N236bn next Friday. It said the payment was the first tranche of the outstanding N348bn subsidy claims that it owed members of the Major Oil Marketers Association of...
The Nigerian Ports Authority (NPA) has denied allegations that it failed to remit N177 billion of its 2017 revenue into the Consolidated Revenue Fund, as required by law. A statement by the NPA said the Senate’s allegation was “without foundation”. The...
The average improvement of Gross Domestic Products (GDP) of African countries have not been translated into sustainable economic opportunities, Mo Ibrahim Foundation says. News Agency of Nigeria (NAN) reports that the 2018 Ibrahim Index of African Governance (IIAG) was launched...
The Minister of Labour and Employment, Chris Ngige, on Wednesday, said the Federal Government and the organised labour had yet to reach an agreement on the new National Minimum Wage as being reported in the media. He said the government...
The International Monetary Fund (IMF) yesterday warned Nigeria and Sub-Saharan African economies to check rising levels of debts, diversify their revenue bases or face crisis. Nigeria’s debt profile was N22.3 trillion as at June 30, 2018. About two-thirds of the...
Government offices, banks and public schools were on Thursday closed in Lagos State as the organised labour began its strike over delay by Federal Government in concluding negotiation on a new minimum wage. The enforcement teams of the organised labour...
Nigeria’s external debt commitment rose by $11.77bn in the last three years, investigation has shown. According to debt statistics obtained from the Debt Management Office, the country’s external debt rose from $10.32bn in June 30, 2015 to $22.08bn as of...
The Federation Accounts Allocation Committee (FAAC) said on Thursday a new revenue reporting template would soon be ready for the Nigerian National Petroleum Corporation (NNPC) and other members of the revenue sharing committee. The committee also agreed to share N715...

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