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FG urged to inaugurate committee on rice importation

FG urged to inaugurate committee on rice importation

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A freight forwarder, Alhaji Tajudeen Adetayo, on Saturday urged the Federal Government to inaugurate a committee to brainstorm on the issue of rice importation.. Adetayo, ...

FG releases N280bn to six ministries, 50 agencies

FG releases N280bn to six ministries, 50 agencies

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The Federal Government on Tuesday announced that it had so far released N280bn from the N350bn set aside for capital projects as contained in the 2016 budget. It stated that ...

2,688 .ng domain names registered in May – NIRA

2,688 .ng domain names registered in May – NIRA

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Mr Sunday Folayan, the President of the Nigeria Internet Registration Association (NIRA), on Monday said that 2,688 dotng (.ng) domain names were registered in the month of May. ...

Telecoms firms kick against communication tax

Telecoms firms kick against communication tax

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Telecommunications operators and subscribers in the country have raised objection to the proposed bill for the imposition of a tax on electronic communication services. The ...

Agro firm to introduce commodity control market

Agro firm to introduce commodity control market

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The Women in Agriculture Advancement Sustainability in Africa (WAASA) on Tuesday said it was set to introduce a weekly WAASA Control Market across the country. Ms Chi Tola, the ...

We’ll make Nigerians buy made-in-Nigeria products, says FG

We’ll make Nigerians buy made-in-Nigeria products, says FG

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The Federal Government says it intends to make Nigerians look inwards by buying products, especially vehicles made in the country. The Minister of Science and Technology, Dr ...

Smoking while driving attracts N10,000 fine in new Kaduna traffic laws

Smoking while driving attracts N10,000 fine in new Kaduna traffic laws

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With the commissioning of the newly formed Kaduna State Traffic and Environment Law Agency, KASTELA, motorist and car owners are to abide by all traffic laws or get finned. ...

Seme Customs Command impounds N23.9m rice

Seme Customs Command impounds N23.9m rice

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The Seme Command of the Nigeria Customs Service in Lagos State said on Friday it had seized 2,131 bags of smuggled rice with a duty paid value of N23.9 million. The Controller, ...

Emergence of Buhari, other Adroit Leaders could help Africa economy rebound – IMF

Emergence of Buhari, other Adroit Leaders could help Africa economy rebound – IMF

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This is a critical moment for sub-Saharan Africa, which faces slowing growth, but with the right policies many countries in the region are well positioned to ride out the storm, ...

NAMB to inaugurate microfinance institute in Abuja, September

NAMB to inaugurate microfinance institute in Abuja, September

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The National Association of Microfinance Banks (NAMB) is to establish a microfinance institute in the FCT in September. The President of the association, Mr Valentine Whensu, ...

Stockbrokers inaugurate committees to drive market activities

Stockbrokers inaugurate committees to drive market activities

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The Chartered Institute of Stockbrokers (CIS) on Monday inaugurated 12 committees made up of 148 members to strengthen its activities and enhance capital market development. ...

NSE market indicators record 0.99% growth

NSE market indicators record 0.99% growth

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The market indicators of the Nigerian Stock Exchange (NSE) on Thursday appreciated further with the All-Share Index crossing 27,000 market in spite of the strike by a faction of ...

Oil price stumbles as dollar surges

Oil price stumbles as dollar surges

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Oil prices tumbled on Thursday as U.S. rate hike expectations lifted the dollar, but crude pared losses on worries about more supply outages from Nigeria's main crude oil ...

NSE market indices bow to profit taking, shed 0.61%

NSE market indices bow to profit taking, shed 0.61%

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The Nigerian equity market on Tuesday bowed to profit taking by traders and speculative investors with the market indicators dropping by 0.61 per cent. The News Agency of ...

Fighting Corruption Critical for Growth and Macroeconomic Stability—IMF

Fighting Corruption Critical for Growth and Macroeconomic Stability—IMF

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By vigorously reducing corruption, countries can improve economic stability and boost growth and development, according to a new IMF staff paper. Public corruption, defined as ...

New price regime will create additional 200,000 jobs says Federal Gov’t

New price regime will create additional 200,000 jobs says Federal Gov’t

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The Federal Government says that the new price regime for the downstream petroleum sector is comprehensively designed to tackle the hardship faced by Nigerians and create ...

UBA, EXIM Bank sign $100 million MOU to expand trade between US and Africa

UBA, EXIM Bank sign $100 million MOU to expand trade between US and Africa

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Chairman and President of the Export-Import Bank of the United States (EXIM Bank) Fred P. Hochberg, and Group Managing Director and CEO of United Bank for Africa (UBA) Phillips ...

Petrol to now sell at N145 per litre

Petrol to now sell at N145 per litre

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The Nigeria Government has announced policy shift in its downstream oil sector with the scrapping of the controversial subsidy on petrol. The subsidy on fuel has been a delicate ...

Be patient with Buhari on state of the nation’s economy, NCRIB urges Nigerians

Be patient with Buhari on state of the nation’s economy, NCRIB urges Nigerians

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The National body of the Nigerian Council of Registered Insurance Brokers (NCRIB), has urged Nigerians to be patient with President Muhammadu Buhari on the present state of the ...

IMF calls for Policy reset in Nigeria, others to secure growth

IMF calls for Policy reset in Nigeria, others to secure growth

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The International Monetary Fund (IMF) has stressed the “critical need” for a substantial policy reset by policy makers in the countries, adding that their response to date has ...

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