The Federal Government is expected to refund a total sum of ₦489 billion to 21 states of the federation as approved by the Senate for states which used their resources to execute federal projects in...
The Federal Government has ordered an immediate audit of all property belonging to the Nigeria Railway Corporation (NRC) within Apapa and its environs.
This is in preparation for the extension of the...
The Minister of State for Petroleum Resources, Ibe Kachikwu says the approved private sector driven petroleum refinery in Mashi, Katsina State is expected be completed by 2021.
Kachikwu, who made this...
As the Federal Government seeks strategic partners to operate its new national airline, Nigeria Air, it has been estimated that an initial takeoff capital of between $150 million and $300 million would...
The Nigerian government has unveiled the name and logo of her new national carrier. The airline is to be called ‘Nigeria Air’.
The unveiling was done at the 2018 Farnborough Air Show in London where...
The Asset Management Corporation of Nigeria (AMCON) has revealed that only about 350 Nigerians were responsible for more than 80 per cent of the ₦5.4 trillion debt of the company.
The revelation was...
The Peoples Democratic Party (PDP) says President Muhammadu Buhari’s assertion that the 2018 budget which he signed on Wednesday will be unimplementable as a clear admission that he lacks the capacity...
The Chinese government on Tuesday threatened to retaliate against the latest additional tariffs imposed on its goods by United States President, Donald Trump.
China’s Commerce Ministry accused the...
In a move to protect local production and prevent incessant cross-border smuggling of foreign rice into Nigeria, the Federal Government has directed the closure of the nation’s land border.
Speaking...
The Emir of Kano, Muhammadu Sanusi II says the subsidy regime in the Nigerian National Petroleum Corporation has compromised the corporation to the extent that it would take only an angel to run the...
The Federal Government says it has recovered about ₦30 billion both from individuals and corporate establishments through the Federal Government-initiated Voluntary Assets and Income Declaration Scheme...
The Federal Government has said it plans to start raising high walls at the nation’s borders as a way of checking the rising spate of insecurity and regular smuggling of arms and ammunition into the...
Minister of Budget and National Planning, Udo Udoma says President Muhammadu Buhari is yet to sign the 2018 Appropriation Act recently sent to him by the National Assembly because he is still reviewing...
Strong indications emerged over the weekend that the prices of imported goods and fuel may rise after shipping companies including Maersk and Mediterranean Shipping Company (MSC) announced a rate hike...
The National Economic Council (NEC) on Thursday ordered the Nigerian National Petroleum Corporation (NNPC), the Nigeria Customs Service (NCS), the Federal Inland Revenue Service (FIRS) and other agencies...
China’s central bank on Thursday announced that it has signed a three-year bilateral swap agreement with Nigeria worth $2.36 billion (15billion yuan).
The People’s Bank of China (PBOC) disclosed on...
The World Bank has raised concerns over the rising debt profiles of African countries, including Nigeria.
During the release of ‘Africa Pulse’, a bi-annual analysis of African economies in Washington...
President Muhammadu Buhari has ordered ministers and heads of parastatals to appear before the National Assembly to defend their 2018 budget estimates.
The order was issued shortly after the President...
Minister of Power, Works and Housing, Mr. Babatunde Fashola on Monday reassured Nigerians that the Federal Government was still committed to ensuring that the country makes steady progress and growth in...
Group Managing Director of The Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru says Nigerians were being hindered from benefiting from the N145 per litre pump price of petrol because...
