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Economy

Revoke Northerners Oil Blocs – Niger-Delta Group Urges President Jonathan

As the national conference continues, the debate over the sharing of the countries oil revenue and ownership of oil blocs reaches fever pitch level,...

Minister Of Petroleum Allison-Madueke Tipped As OPEC Secretary General

The Minister of petroleum Diezani Alison-Madueke has been tipped for the post of secretary general at Organization of the Petroleum Exporting Countries (OPEC) as...

Nigeria Has The Lowest Electricity Tariff In Africa – NERC

Despite the recent increase in electricity tariff by the Nigerian Electricity Regulatory Commission, NERC, economic analysts insist that Nigeria still has one of the lowest...

CBN Stipulates N2 Billion Share Capital For Money Transfer Operations

As part of the efforts of the new Central Bank of Nigeria (CBN) governor, Mr Godwin Emefiele to enhance banking regulations; the CBN has...

New CBN Governor Emefiele Abolishes Charges On Bank Deposits

The Central Bank Governor (CBN), Mr Godwin Emefiele, on Thursday, June 5, 2014 unveiled his agenda for the apex financial organization, announced that all...

President Jonathan Presents N322 Billion NDDC Budget Proposal To Senate

ABUJA — President Goodluck Jonathan, yesterday, presented a budget proposal of N322.6 billion for the Niger Delta Development Commission, NDDC, for the 2014 fiscal...

Federal Executive Council Approves $242.3 Million For Lagos State Projects

Sequel to a memo brought before it by the Coordinating Minister for Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, seeking approval to obtain...

Nigeria No Longer Has Tangible Trade In Crude Oil With US – Alison-Madueke

The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has stated that Nigeria no longer has any tangible trade in crude oil with the United...

Confab Agrees On 3-Year Exit Plan On Subsidy Removal

The controversy that trailed the motion for the removal of fuel subsidy at the on-going national conference has finally rested after members through a...

Federal Gov’t To Invest $3 Billion In Power Transmission Expansion

The Chairman, Presidential Task Force on Power, Mr. Beks Dagogo-Jack, on Tuesday, June 3, 2014 said the Federal Government had sourced $3 billion to invest...

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