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Economy

Police Recover N6.5 Billion From Fuel Subsidy, Bank Fraud

As part of its continuous quest to curb fraud, the Commissioner of Police Special Fraud Unit (SFU), Tunde Ogunsakin, has said the unit succeeded...

President Jonathan Takes His Message To The World Economic Forum

Nigeria is looking to attract more foreign investors at the World Economic Forum in Davos, to ensure a beneficial global participation in this year’s...

Wow! Half Of The World’s Wealth ‘Owned By 85 People’ – Report

Half of all the world's wealth is owned by 85 people, who could all fit onto a single double-decker bus. The shock finding from anti...

Budget 2014: Okonjo-Iweala Laments Dominance Of Recurrent Expenditure

Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, yesterday, presented details of the 2014 federal government budget, lamenting the administration’...

Nigerian Governors Forum Seek Forensic Audit Into Unremitted $10 Billion Oil Money

The Nigerian Governors’ Forum (NGF) has called on the National Assembly to engage the services of an audit firm to conduct what it described...

Nigerian Banks Record Total Profit Of N300.5 Billion in 6 Months

As members of the Nigerian banking public await the 2013 full year financial reports of money deposit banks, which are currently going through the...

Good News! Nigeria Listed Among 4 Emerging Global Economic Giants

A renowned economist and former Chairman of the asset-management division of the Goldman Sachs Group, Mr. Jim O’Neill has said that the Nigerian economy...

‘Gov’t has reduced crude oil theft by 50%’ – Delta Governor Uduaghan

A whopping 40,000 barrels of crude oil is lost daily to theft. This figure is an improvement from the former 80,000 barrels per day,...

FG Backtracks On Plan To Sell Refineries To Appease Oil Workers

In a bid to appease the oil unions, which have threatened industrial action over the planned privatisation of the country’s four refineries, the federal...

Reps To Probe Okonjo-Iweala Over Import Duties Waiver

The House of Representatives has mandated the Cordinating Minister for the Economy and Minister of Finance, Mrs. Ngozi Okonjo-Iweala, to produce a detailed report...

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