archiveJune 2016

President Muhammadu Buhari has approved the appointment of his Special Adviser on Planning, Mr Ben Akabueze as the new Director General of the Budget Office of the Federation. Akabueze takes over from Mr Tijani Mohammed Abdullahi who will now serve as Special Adviser to the President on Planning and will...

The ban by the European Union (EU) on importation of dried beans from Nigeria has been extended by three years. This was disclosed on Thursday by the Coordinating Director of the Nigeria Agricultural Quarantine Service,Mr Vincent Isegbe. According to him, the ban was extended by the EU because Nigeria was...

As the new supervision template, known as Risk Based Supervision (RBS), set to replace Compliant-based Supervision in the country's insurance sector in a bid to allow the industry regulator express its supervisory roles effectively, expectations are high, believing the new system will usher in a new dawn in proper financial...

Oil prices rose for a third day to hit their highest in about eight months on Wednesday, boosted by industry data showing a larger-than-expected drawdown in U.S. crude inventories, worries about attacks on Nigeria's oil industry and strong Chinese demand for oil. London Brent crude for August delivery was up...

The Senate has hinted on plan to summon the Minister of Labour and Employment, Senator Chris Ngige, over his threat to withdraw the license of any bank that continues with the retrenchment of workers. The Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Rafiu Ibrahim‎ revealed this...

As a proof of their rejection of the government's offer of peace talks, Niger Delta militants said they blew up another Chevron oil well Wednesday. According to Associated Press (AP) report monitored by Business247, the bombing comes a day after the government ordered the military to halt attacks in the...

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has called on Nigerians especially those living in the coastal regions to protect the marine environment as it is critical to human existence. Peterside who said this in commemoration of the World Ocean Day observed...

The Nigerian government set up a panel on Tuesday made up of agriculture sector leaders and politicians as part of its attempt to increase rice and wheat production, the vice president's office said. Nigeria is the world's second largest importer of rice and among the biggest buyers of U.S. wheat....

The N382.5billion ($1.53billion) Lagos-Ibadan double track railway line modernisation project has suffered a setback. The 180kilometres project which was scheduled for completion in 2016 is far from finishing point since 2012, despite the amount released for the project. The contract, which was awarded to Chinese Civil Engineering Construction Company Nigeria...

The Access Bank UNICEF Charity Shield international polo tournament came to a flourishing climax Sunday with the presentation of the N10 million donation by the sole sponsor, Access Bank Plc to UNICEF. The donation was presented at the Fifth Chukker Polo & Country Club in Kaduna by the Head Corporate...