BUSINESS

FG awards contract for Second Niger Bridge at N14.4bn

The Federal Government has awarded contract for early works on the Second Niger Bridge and emergency repairs at the Tamburawa Bridge in Kano State at a total cost of N16.3 billion. Mr Mohammed  Abdullahi, the Assistant Director of Information in ...

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REVENUE: Customs generated N898bn in 2016

The Nigeria Customs Service has generated N898 billion as revenue in 2016, including VAT, says the service Spokesman, Mr Joseph Attah. Attah told the News Agency of Nigeria (NAN) on Monday in Abuja that the figure was however less than the ...

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Naira gains against the dollar at parallel market

The Naira on Monday appreciated at the parallel market after a two-week losing streak. The currency gained three points to exchange at N490, from N493 it posted last Friday, while the pound sterling and the euro traded at N600 and ...

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Lagos hit by serious kerosene scarcity – NUPENG

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has confirmed that there is no kerosene in any of the depots in Lagos. The union said the product was not available in both depots belonging to the Nigerian National ...

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FG denies increasing import duties for food and luxury goods, says importation of drugs remains banned

Kemi Adeosun

The federal government of Nigeria, on Friday denied hiking import duties on food items and luxury goods, but noted that drugs, and other pharmaceutical products, are prohibited from being imported into Nigeria, and local manufacturers with special permission to import ...

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Nigeria’s active telecom subscribers jump to 153,949,450 – NCC

The Nigerian Communications Commission (NCC) says active users of telecommunications services in the country increased to 153,949,450 in November 2016. The telecommunications industry regulator gave the figure in its Monthly Subscriber/Operator Data released on Wednesday in Lagos. It said that ...

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Nigeria’s National airline to begin operation in 2017

Speaking to journalists in Abuja on Wednesday, the Minister of Aviation, Capt. Hadi Sirika, noted that Nigeria will have a very strong, viable national airline before the end of 2017. “When we came in we were very clear on our ...

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FG postpones closure of Abuja airport for repair

The Federal Government has postponed till 8 of March, the scheduled for closure of the Nnamdi Azikiwe International Airport for repair of damaged runways and other facilities. The  decision to shut the airport and divert Abuja-bound flights to Kaduna, an airport ...

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FG to ease passport, license and tax clearance processing in 2017

In its determination to remove bottlenecks in service delivery, the federal government has announced that the process of getting passport, driver’s license, tax clearance among others will be made easy in 2017. Speaking on behalf of the government, the Director-General, ...

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Large deposit of coal found in Sokoto, plus numerous solid minerals in the state

Nigeria’s efforts for economic diversification has received a boost with the discovery of coal deposit in commercial quantity in Sokoto State. The state governor, Aminu Tambuwal, who disclosed this on Monday in Sokoto, the state capital, at a workshop on ...

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