President Muhammadu Buhari has declared that Nigeria’s external reserves has hit $35 billion. Buhari who was represented by Vice-President Yemi Osinbajo, stated this on Saturday in Jos, at the graduation of 66 participants in the 2017 Senior Executive Course 39 of the National Institute for Policy and Strategic Studies in Kuru. He said the country […]
Continue Reading
The federal government says it has compiled the list of 500 Nigerian tax dodgers, some of them prominent citizens who have homes abroad. Kemi Adeosun, minister of finance, who disclosed this at the national economic council meeting, said the list of about 500 Nigerians with trusts abroad has been obtained to determine their tax compliance […]
Continue Reading
The Federal Executive Council, FEC, on Wednesday in Abuja approved N987 million for the procurement of 50 vehicles for Special Mines Surveillance Task Force to check illegal mining activities across the country. The Minister of Mines and Steel Development, Kayode Fayemi, disclosed this when he briefed State House correspondents on the outcome of the Council’s […]
Continue Reading
About 28 ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island ports in Lagos from November 22 to December 3. The Nigerian Ports Authority (NPA) made the disclosure in its publication — `Shipping Position’ — made available to the News Agency of Nigeria (NAN) in Lagos […]
Continue Reading
Dana Air has apologised to its intending passengers for the delays experienced on Tuesday as a result of the disruption of its flight operations by the National Association of Aircraft Pilots and Engineers, NAAPE. The airline’s Communications Manager, Kingsley Ezenwa, apologised in a statement issued to journalists in Lagos on Tuesday where he confirmed that […]
Continue Reading
The National Bureau of Statistics (NBS), on Monday said the economy recorded a growth of 1.40 percent in the third quarter (Q3) of 2017. This is the second time of such positive development since Nigeria exited recession in the second quarter. NBS statistics showed that the agricultural sector grew by 3.06 percent in the third […]
Continue Reading
The National Bureau of Statistics (NBS) says inflation rate, measured by the Consumer Price Index (CPI), has further dropped from 15.98 recorded in September to 15.91 per cent in October. The NBS disclosed this in its “CPI Oct. 2017 Report’’ released on Wednesday in Abuja. The CPI, which measured inflation, increased by 15.91 per cent […]
Continue Reading
Dangote Noodles Limited, a unit of Nigerian company Dangote Flour Mills, has sold two production lines in Ikorodu and Calabar, to rival pasta maker De United Foods Industries, maker of Indomie Noodles. The transaction is valued at 3.75 billion naira ($12.26 million). De United said it has signed an agreement with Dangote Noodles to buy […]
Continue Reading
The Federal Government said on Sunday that it had stocked enough food to address possible shortages in some states in 2018. Audu Ogbeh, the Minister of Agriculture and Rural Development, made the disclosure in Katsina. The minister spoke at the Joint International Fund for Agricultural Development (IFAD)/Federal Government 2nd Supervision Mission for Climate Change, Adaptation […]
Continue Reading
Vice President Yemi Osinbajo on Saturday laid the foundation stone of a N200 billion Industrial Park in Iyanomo community, Benin, Edo State. Mr. Osinbajo said at the event that when established, the park would create 170,000 direct and indirect jobs and contribute significantly to the further development of the country’s manufacturing industry. He congratulated Governor […]
Continue Reading