Category: Economy

FG not against state power projects – Fashola

The Federal Government on Thursday said it was not against state governments developing their own power projects to support development and supply of incremental power.The Minster of Power, Works and Housing, Mr Babatunde Fashola, reiterated the position of the Federal…
Low oil price will help Nigeria, others – Dangote

The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, has said low oil prices will help Nigeria to reduce its reliance on crude oil revenues.Dangote stated this at the UN General Assembly in New York on Tuesday, according to a statement…
NLC opposes release of fresh Paris Club refund to states

The Nigeria Labour Congress (NLC) has asked President Muhammadu Buhari not to release the third and final tranche of the Paris Club refund to state governors until they make a concrete commitment to use the money to settle outstanding salaries,…
NNPC “crashes price of petrol, cooking gas” nationwide

The Nigerian National Petroleum Corporation (NNPC) has said that their sustained strategic intervention in the efficient supply and distribution petroleum products, has led to a significant reduction in the prices of premium motor spirit (PMS), also known as petrol, and…
Emefiele, Udoma, Adeosun brief Buhari on economy

President Muhammadu Buhari on Monday received almost a two-hour briefing from the Minister of Budget and National Planning, Senator Udoma Udo Udoma, the Minister of Finance, Mrs Kemi Adeosun, and Governor of the Central Bank of Nigeria, Mr Godwin Emefiele.The…
Nigeria to start bee export by 2018

Nigeria will start exporting bees to other countries next year, the National President, Federation of Bee keepers Association of Nigeria, Dr Bidemi Ojeleye, has said.Ojeleye on Friday said that a European Union team had visited Nigeria for training and guidelines…
Kebbi to export rice, livestock

Kebbi State Govenor Atiku Bagudu has said the state will produce rice and livestock in commercial quantities for export to earn foreign exchange.Bagudu stated this yesterday when he received a team of agricultural experts from the International Institute of Tropical…
Nigeria requires N3.05tr to increase oil production

The Minister of State for Petroleum Resources, Ibe Kachikwu in the current Organisation of the Petroleum Exporting Countries (OPEC) Bulletin, said investment is needed to maintain essential work because Nigeria’s oil and gas industry would require $10 billion (N3.05 trillion)…