archiveApril 2017

• Calls for focus on non-oil revenue growth, tax compliance and budget accountability to drive sustainable economic development The Honourable Minister of Finance, Mrs Kemi Adeosun, met with fellow Finance Ministers at a meeting convened by the G24 Group to discuss strategies to drive non-oil revenue growth and achieve inclusive...

Peoples Democratic Party (PDP) version led by Senator Ahmed Markaf has faulted the suspension of the Secretary to the Government of the Federation (SGF) Babachir Lawal, and Director-General of the National Intelligence Agency (NIA), Amb. Ayo Oke, saying that the duo should have been arrested and equally rejected the probe...

President Muhammadu Buhari has approved the appointment of Abubakar Abba Bello as the new Managing Director of Nigeria Export-Import Bank (NEXIM). This was contained in a statement issued on Thursday in Abuja and signed by the Director of Press in the Office of the Secretary to the Government of the...

Nigeria plans to get out of recession by boosting government revenues and cracking down on corruption, Finance Minister Kemi Adeosun said on Thursday, and will also issue more international debt to pay for infrastructure projects. The country is in its second year of recession, brought on by lower oil prices,...

Equities market dropped by 0.17 per cent over sentiment trading by Investors in medium and large capitalized stocks, that include Dangote Cement Plc, Zenith Bank Plc, among others. As reflected on the major market indicators, the Nigerian Stock Exchange All-Share Index (NSE ASI) and Market Capitalization depreciated by 0.17 per...

The Naira on Thursday strengthened against the dollar in all the major segments of the market, the News Agency of Nigeria (NAN) reports. At the parallel market, the Nigerian currency gained five points to exchange at N385 to the Dollar from the N390 recorded on Wednesday. The Pound Sterling and...

• Says FG committed to enhancing port efficiency, maritime security Vice President Prof. Yemi Osinbajo has charged all African maritime administrators and regulators to speak with one voice at the global level as the continent addresses challenges facing the maritime space, noting that this will require cooperation amongst States and...

The Statistician General of the Federation, Dr Yemi Kale, has faulted the news going round that the nation’s economy is already out of recession, describing the report as false. He was responding to a news report that the Nigerian economy is out of recession and growing strong. A United Kingdom-based...

• Explains registration procedur The National Youth Service Corps, NYSC, has directed prospective corps members for the 2017 Batch A programme to commence their online registration. According to the timetable released by the scheme, the online registration for foreign and locally trained graduates will end on May 15. It also...

The Nigeria Customs Service (NCS) on Thursday announced a major re-shuffle of its management, as the Comptroller-General, Hameed Ali, approved the immediate redeployment of 48 Comptrollers of the Service. A statement by the Customs spokesperson, Mr. Joseph Attah, said the redeployment, which is in line with the ongoing reforms of...