See list of some of the items banned by FG, No 14 will shock you

07 January 2017

The Federal Government has slashed import duties on some item while increasing the tariff of others.

This is prompted by the need to promote development in certain sectors of the economy... Read More...

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Police uncovers illegal oil depot at Oregun, Lagos

01 December 2016

The Lagos State Police Command has uncovered an illegal oil depot located underneath the Oregun-Opebi Link Bridge in Onigbongbo Local Government Area of the State, arresting eight suspects in the... Read More...

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PIB passes second reading at the senate, more focus on communities

02 November 2016

The long standing Petroleum Industry Bill has passed second reading on the floor of the Senate with lawmakers agreeing to focus more on the aspects that affect oil producing communities in the  ... Read More...

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Mixed fortune for the naira as the week ended

30 October 2016

The Naira on Friday appreciated against the dollar at the official interbank market.

The Nigerian currency gained 50k to exchange at N304.50, from N305 posted on Thursday.

At the...

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Nigeria lost $7bn to pipeline vandalism this year - NNPC

30 October 2016

The Nigerian National Petroleum Corporation, NNPC, said from January 2016 till date, government lost $7 billion (N2.1 trillion) to the activities of militancy groups and oil pipeline vandals in... Read More...

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FG breaks down how the $29.96bn loan will be spent

28 October 2016

The Federal Government has given details of its plans to borrow $29.96bn from the World Bank, African Development Bank, Japan International Co-operation Agency and other financial agencies.

... Read More... Hits: 212

Nigeria’s ranking in World Bank’s doing business report positive – FG

27 October 2016

The Presidency says the World Bank’s Doing Business 2017 Report, released on Tuesday is an indication that the government’s reform initiatives are yielding positive results.

“The Buhari...

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Allocations to 3 tiers of government plunges by N835.2bn

25 October 2016

The federal, state and local governments of Nigeria have seen their allocations plunge by N835 billion in the first six months of 2016, relative to the first six months of 2015.

A new...

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CBN, Minister of Agric. visits Coscharis rice farm in Anambra

21 October 2016

The Central Bank of Nigeria is to review for approval, the state government's request for N5billion to be made available for farmers for mechanised Agriculture in the state.

The CBN, Mr...

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Suspects arrested with $30,000, 325,640 Euros, N175m cash - See pictures

19 October 2016

Officials of the National Drug Law Enforcement Agency have intercepted €325,640 as well as $30,000, about N175m being smuggled from Greece and Austria. The suspected laundered money concealed... Read More...

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