News

  The Ministry of Budget and National Planning is in the process of finalizing Nigeria’s Economic Recovery and Growth Plan (NERGP) 2017 – 2020 development process. The plan is expected to be formally launched by President Mohammadu Buhari within the month. As part of efforts towards carrying the critical sectors along and ensuring successful development of the Plan, a Forum …

Read More »

The Africa Development Bank says it has approved a loan of $155m for Economic and Power Sector Reform Programme in Nigeria. The Senior Communications Officer of AfDB, Fatimah Alkali, in Abuja on Friday said that the loan became effective in October, 19, 2012. Recent media reports had indicated that there might be a face-off between the Senate and the Federal …

Read More »

Olabode Adaramola Niger State government released N4.45 billion as salary bail out to 12 of the 25 local government areas of the state in 2016, insisting that no council is being owed by the state government. Commissioner for Local Government, Community Development and Chieftaincy Affairs, Hon. Haliru Zakari Jikantoro disclosed this to newsmen on Thursday after the weekly state executive …

Read More »

FMDQ OTC Securities Exchange (‘FMDQ’ or the ‘OTC Exchange’), has since its launch onto the Nigerian financial markets landscape in 2013, championed initiatives geared towards providing an enabling environment for the growth and development of the Nigerian fixed income, currencies and derivatives markets and the economy at large. As a market organiser, the OTC Exchange has through its product and …

Read More »

Street music king and arguably Nigeria’s most sought-after musician at the moment, Olamide Adedeji a.k.a. Olamide Badoo, has been signed on by Globacom as a brand ambassador. Olamide joins another high flying musician Inetimi Alfred Odon, popularly known as Timaya who was accepted into the exclusive club of Glo brand ambassadors a couple of months ago. From Ghana, two new …

Read More »

The Nigerian Government is committed to putting energy and resources into addressing the humanitarian challenges in the North East of the country and will strongly support any initiative by the international community in that direction. Budget and National Planning Minister, Senator Udoma Udo Udoma indicated this in Abuja when the Ambassadors of Norway and Germany, Mr Jens-Petter Kjemprud and Barnthard …

Read More »

The Nigerian economy recorded its worst investment inflow in ten years with the country attracting a total investment of $5.12bn in the 2016 fiscal period. The $5.12bn investment figure when compared to the $9.64bn which the economy attracted in 2015 represents a huge decline of $4.52bn or 46.86 per cent. The decline was confirmed in the capital importation report which …

Read More »

The Transmission Company of Nigeria (TCN) says that the nation’s power generation improved slightly to 3,528.90 megawatts on Feb. 1 from 2,662 megawatts on Jan. 22. This figure was disclosed on the website of the Nigerian Electricity System Operator (SO), a sub-agency of the TCN, in its daily forecast on power generation in Lagos on Wednesday. “The slight increase in …

Read More »

The harsh economic realities is beginning to take its tolls on the country’s indigenous oil and gas marketing company, as Forte Oil Plc on Tuesday reported a decline in its full year profit after tax for the period ended December 31, 2016. Specifically, the company results showed 50.1 percent drop from N5.794 billion that was reported in 2015 to N2.890 …

Read More »

The management of the Nigerian Stock Exchange (NSE) on Tuesday listed MED-VIEW Airline’s 9,750,649,400 ordinary shares of 50kobo each at N1.50kobo per share on the floor of the Stock market, valued at N16.5 billion. This is just as the airline also stated that it is projecting growth despite challenges in 2020 with a revenue growth forecast of N58.5billion, improving on its …

Read More »