NAFDAC explains why some Nigerian food items are rejected in Europe

06 June 2017

Nigeria’s Agricultural sector again suffered a great set-back following rejection of about 24 exported agricultural commodities to the European Union (EU).

The National Agency for Food and...

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Acting President inaugurates committee on industralisation

31 May 2017

Acting President Yemi Osinbajo has inaugurated a 36 man committee to advise the government on industrialization policies.
The committee will be headed by Osinbajo and also includes key... Read More...

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Naira closes at 380 to a Dollar on black market

26 May 2017

The naira is seen trading within a range on both the black market and official interbank window as the central bank continue to inject more dollars to boost liquidity in the foreign exchange... Read More...

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BREAKING: Senate passes Petroleum Industry Governance Bill

25 May 2017

The Senate has passed the Petroleum Industry Governance Bill.  This bill has been before the senate for several years, living after at least three senates.

The PIGB is the first part of the...

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Federal, State and LG share N415bn from Federal allocation in April

24 May 2017

The Nigerian Government says N415.730 billion has been distributed to the Federal, State and Local Government as revenue collected for the month of April 2017.

Accountant General of the...

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CBN retains Benchmark rate, Cash Reserve Ratio at same levels again

23 May 2017

The Central Bank of Nigeria’s Monetary Policy Committee has decided to retain the country’s benchmark interest rate at 14 percent.

The CBN also decided to leave the existing cash reserve... Read More...

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Nigeria records GDP growth despite recession

23 May 2017

Though the Nigerian economy remains in its worst recession in 29 years, it has however recorded a gross domestic product (GDP) growth rate of -0.52 percent for the first quarter of 2017. 

...

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FG to institutionalise patronage of 'Made in Nigeria' goods

19 May 2017

The Minister of Information and Culture, Alhaji Lai Mohammed, has said the Federal Government is institutionalizing the patronage of locally-made products among its Ministries, Departments and... Read More...

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BREAKING: Senate discloses National Assembly budget, consideration proceeds

11 May 2017

The Senate is presently considering the details of the 2017 budget presented before it by the committee on appropriation. 

One of the major highpoint of the presentation is that the budget... Read More...

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Oil prices bounce back as Saudi cuts supply to Asia

11 May 2017

Reuters reports  that oil prices rose on Thursday, with benchmark Brent crude trading comfortably above $50 a barrel after a fall in U.S. inventories and a bigger-than-expected cut in Saudi... Read More...

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