archiveFebruary 12, 2019

*To stop restocking N701bn payment assurance scheme The Federal Government disclosed on Tuesday that it may no longer provide financial bailouts for power generation companies (Gencos) in Nigeria, and will no longer augment their financial shortfalls, adding that the companies must now go out of their way to get customers...

The Presidency has said that the marked improvement in Nigeria's Gross Domestic Product (GDP) figures in the fourth quarter of 2018 is a clear indication of the effectiveness of the economic policies of the Buhari presidency. According to the National Bureau of Statistics,(NBS), the GDP figure for the last quarter...

Nigeria’s Gross Domestic Product (GDP) grew by 2.38 per cent in real terms (year-on-year), the National Bureau of Statistics (NBS) reported on Tuesday. The growth rate represents an increase of 0.27 per cent points when compared to the fourth quarter of 2017 which recorded a growth rate of 2.11 per...

Former Vice President Alhaji Atiku Abubakar has pledged to restore economic viability and collapsed industries in Kano if elected as president on Saturday. The presidential candidate of the Peoples Democratic Party (PDP) made the plea during his presidential campaign rally held at the Sani Abacha Stadium, Kano. While addressing the...

Nigeria’s Minister of State for Petroleum Resources, Dr. Emmanuel Kachikwu has disclosed that the Federal Government of Nigeria (FGN) had recovered no less than N1.2 trillion in unpaid royalty from crude oil sales, following the Ministry’s automation initiatives. He said further that with some oil firms yet to remit their...

The Lagos Chamber of Commerce and Industry (LCCI) on Monday expressed opposition to the move of the Federal Inland Revenue Service (FIRS) to restrain bank accounts belonging to individuals and businesses believed to have defaulted in tax payment. The leading chamber in the country made its position known in a...