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The Minister of Budget and National Planning, Senator Udoma Udo-Udoma has said that the ministry has identified 34 measurable and veritable priority actions to achieve the implementation of the 2016 budget under six thematic areas. He said this today at the breakdown of the 2016 Budget and the Budget Strategic...

The illegality, immorality and insensitivity of fuel price increase During the campaign last year, the candidate of the All Progressives Congress, General Mohammadu Buhari pledged that if elected as President by the Nigerian people his administration would not remove fuel subsidy. Since he won the election last year President Buhari...

By our Correspondent The Nigerian Labour Congress (NLC) has reacted swiftly to the news of subsidy removal on the Premium Motor Spirit (PMS) known as petrol and the subsequent increase of its pump price from N86 to N145 per litre, promising the Federal Government that it would resist the move....

By our Correspondent The Federal Government has announced the removed of subsidy on Premium Motor Spirit (PMS) otherwise called petrol  even as the Petroleum Products Pricing Regulatory Agency (PPPRA) has released the new price of N145 per litre from N86, with immediate effect. Speaking in Abuja today, Minister of State...

By our Correspondent Nigerian Maritime Administration and Safety Agency (NIMASA) spent about $370 million in 2015 to combat piracy and provide security services. According to a report by Oceans Beyond Piracy (OBP), the amount include the  costs of public-private partnership which operates security escorts at $7.29 million patrol vessels at...

By our Correspondent President Muhammadu Buhari on Wednesday demanded that Britain return assets held there by corrupt Nigerians, pointing the finger back at London after Britain's prime minister suggested Nigeria was "fantastically corrupt". David Cameron's remarks during a conversation with Queen Elizabeth, caught on camera on Tuesday, have so far...

Fellow Heads of State & Government, The Secretary-General of the Commonwealth, the Rt. Honourable Patricia Scotland, QC, Business Leaders, Representatives of Civil Society Organizations, Your Excellencies, Ladies and gentlemen. I am delighted to be invited to this event to exchange views with you my fellow invited guests representing Governments, the...

By our Correspondent The Chairman, House of Representatives Committee on Downstream Sector, Hon. Joseph Akinlaja has lauded the seamless operation of Nipco terminal in the petroleum products storage and distribution across the nation even as he drums support for deregulation of the sector. Hon Akinlaja who gave the commendation during...

Niyi Jacobs The Central Bank of Nigeria (CBN)  has confirmed that it was fully aware and indeed a part of the on-going investigations of certain financial transactions in some banks by law enforcement authorities, and assured all customers, other stakeholders, and the general public of safety and soundness of the...

NIYI Jacobs The FSDH Merchant Bank Limited (FMBL) has warned that 2016 will be a very challenging year for banking business in Nigeria, following massive impairments which have prompted several banks to issue profit warnings and the general downturn in the Nigerian economy. The bank also noted that the federal...