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Economy

Nigerian Customs Generates N3.0 Trillion Revenue In 44 Months

The Nigerian Customs Service (NCS) has been able to collect total revenue of N3,048,314,862,310.03 between January 2011 and August 2014. Spokesperson of NCS, Mr Wale...

Marginal Fields Contribute 2.41% To Nigeria’s Crude Production – NNPC Report

The dwindling fortunes of marginal fields’ operators in the Nigeria’s oil and gas sector continued, as the subsector contributed 2.41 per cent to Nigeria’s...

Navy Warns Oil Majors Against Economic Sabotage

The Chief of the Naval Staff (CNS), Vice Admiral Usman Jibrin has warned oil companies to desist from committing economic sabotage against Nigeria. The naval...

Nigeria Economy Rating Drops To 127th Position On The Global Competitive Report

Nigeria, Africa’s largest economy, continued its downward spiral on the Global Competitive Index (GCI) as the country fell seven places to 127th position this...

Anambra Set To Shut Down Telecoms Service Unless…

Governor Willie Obiano of Anambra state has reportedly ordered the shutting down of Global System for Mobile communication (GSM) operations in the state which...

#GoodNews: Nigerian Economy Now Worth N81 Trillion

The National Bureau of Statistics (NBS) has revised the size of Nigerian economy to about N81.009 trillion following it latest final rebasing of the...

President Jonathan Launches National Electronic ID Card [LOOK]

President Goodluck Jonathan on Thursday, August 28, 2014 launched the MasterCard-branded identity cards with electronic payments functionality. While speaking at a celebratory party in Abuja,...

Minister Of Transport Urges Nigerians To Use Inland Ports

The Minister of Transport, Mr Idris Umar, on Monday urged Nigerians to utilise the opportunities provided by Inland Container Deports/Dry Ports established by Federal...

FG Not Withholding Sure-P Funds – Okonjo-Iweala

The Federal Government has dismissed  reports that it was withholding Subsidy Reinvestment and Empowerment Programme, SURE-P, funds, as alleged by the Chairman of the...

CBN Reintroduces N65 Other-Bank ATM Withdrawal Charge

Effective September 1, 2014, Nigerians would be charged N65 when they make cash withdrawals from an ATM from a bank other than theirs. The Central...

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