Full rehabilitation of 3 refineries to begin by January 2020-Kyari.

21 September 2019

The Nigerian National Petroleum Corporation (NNPC) says it will begin full rehabilitation of the nations three refineries by January 2020.

The nation’s refineries are located in Port...

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Sylva unveils roadmap for oil and gas sector.

21 September 2019

As Heads of Agencies of the Ministry of Petroleum Resources Collectively Sign Off on 10 Top Priority Areas and Deliverables.

The Honourable Minister of State for Petroleum Resources, H.E.... Read More...

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Nigeria has the lowest VAT rate in the world-Emefiele.

21 September 2019

Mr Godwin Emefiele, the Governor of Central Bank of Nigeria (CBN), says the plan to increase Value Added Tax (VAT) from five per cent to 7.5 per cent is in the right direction to raise country’s... Read More...

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Cashless policy will promote efficient payment system-Emefiele.

20 September 2019

Mr Godwin Emefiele the Governor of Central Bank of Nigeria (CBN) says the implementation of cashless policy in six states of the federation is in public interest to promote efficient payment... Read More...

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Harnessing Nigeria's gas resources is our top priority-NNPC.

20 September 2019

The Nigerian National Petroleum Corporation (NNPC) has reiterated its commitment towards harnessing Nigeria’s abundant resources for the benefit of Nigerians.

Group Managing Director of the...

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FG to borrow $2.5 billion from world bank to fund budget deficit.

20 September 2019

The federal government is negotiating for a new tranche of $2.5 billion concessionary loans with the World Bank, in a move to fund its estimated N2.15 trillion deficit contained in 2020 national... Read More...

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Nigeria spends $1.2bn to import fish annually-Emefiele.

20 September 2019

The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele says about 1.2 billion dollars worth of fish is imported into the country annually.

Emefiele disclosed this in Abuja on...

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CBN spends N146bn to aid 849,480 rice farmers-Emefiele.

19 September 2019

The Central Bank of Nigeria (CBN) says it spent N146 billion to support 849,480 wet and dry seasons rice farmers across the country.

The CBN Governor, Mr Godwin Emefiele, gave the details... Read More...

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FAAC: FG, State and Local Government Areas share N740.880bn for August.

19 September 2019

The Federal Government, States and Local Government Areas (LGAs) on Thursday shared N740.88 billion as federal allocation for the month of August.

This is contained in a communique issued...

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300,000 Farmers to be engaged by CBN to produce 450,00 metric tons of cotton.

19 September 2019

The Central Bank of Nigeria (CBN) says its current effort to revive Cotton, Textile and Garment (CTG) industry is targeting at engaging 300,000 farmers to achieve 450,000 metric tonnes of cotton... Read More...

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