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Business

NCAA wants domestic airlines to liquidate outstanding debts

The Nigerian Civil Aviation Authority (NCAA) has appealed to domestic airlines to liquidate all outstanding debts to the authority and…

Diversion of petroleum products attracts N150 fine per litre in Kano

Marketers caught diverting petroleum products in Kano State will henceforth pay a fine of N150 per litre of the diverted…

FG ends subsidy, reduces petrol price to N85 per litre from 1 Jan.

Nigeria’s Federal Government has taken advantage of low prices of crude oil in the international market to end subsidy of…
Inflation

Christmas: Abuja shoppers groan over high prices

A cross-section of consumers at various markets in the FCT have lamented over the increase in prices of commodities, especially…

Artec Practice bags global certification

Artec Practice Ltd, a Nigerian firm of professional architects and project managers, has bagged global ISO 9001:2008 certification, confirming the…
Telecoms Mast

Group warns telecoms operators not to send unsolicited SMS to subscribers

Chief Deolu Ogunbanjo, the President, National Association of Telecommunications Subscribers (NATCOMS), on Thursday cautioned operators against sending unsolicited text messages…

DPR begins 24-hour surveillance on depots, filling stations

The Department of Petroleum Resources (DPR) says it has set up a 24-hour special task force to supervise and monitor…

Eko Disco lauds NERC over removal of fixed charges

The Eko Electricity Distribution Company (EKDC) on Thursday commended the Nigerian Electricity Regulatory Commission (NERC) on the new tariff regime.…

Remove fuel subsidy totally, RMAFC tells FG

The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has urged the Federal Government to remove fuel subsidy because it had…

U.S. crude stockpiles fall send crude prices up

U.S. crude stocks fell unexpectedly last week, while gasoline stocks increased and distillate inventories fell, data from the Energy Information…

Osinbajo asks NEPC to drive `Zero-oil Plan’ for diversification

Vice President, Yemi Osinbajo on Wednesday mandated the Nigeria Export Promotion Council (NEPC), to lead the drive for the Federal…

Kaduna Refinery begins daily supply of 3.2m litres of petrol – NNPC

The Kaduna Refining and Petrochemical Company (KRPC) has begun daily production of 3.2 million litres of petrol. This is contained…

FG to develop national transportation masterplan – Amaechi

The Federal Government on Wednesday said it was in the process of developing a national transportation master plan that would…

Amaechi directs FAAN to erect befitting HQ

The Minister of Transport, Mr Rotimi Amaechi, on Wednesday directed the management of the Federal Airports Authority of Nigeria (FAAN)…

Kunle Afolayan unveiled as Peugeot brand ambassador

Funsho Arogundade Five months after he inked an endorsement deal with Air France, notable filmmaker, Kunle Afolayan has hit another…

MoneyGram launches Account Deposit into Nigeria’s $21b remittance market

MoneyGram on Tuesday announced it is the first money transfer company to offer customers in France, Germany, Ireland, Italy and…

Foreign Exchange: We are aware of your difficulties – Buhari

President Muhammadu Buhari has sympathised with Nigerians over the current hardship experienced in accessing foreign currency for their different transactions.…

Capital expenditure increases from N557b to N1.8tn #Budget2016

President Muhammadu Buhari on Tuesday said that the capital expenditure for the 2016 budget had been increased from N557 billion…

Buhari will address infrastructure deficit – NSA President

Dr Mohammed Tumala, President, Nigerian Statistical Association, has expressed optimism that the 2016 budget of N6.08 trillion will address infrastructure…

FULL TEXT OF PRESIDENT MUHAMMADU BUHARI’S 2016 BUDGET ADDRESS

I am honoured and privileged to present the 2016 Budget proposal. This is my first address before this joint session…

Buhari presents N6.08 trillion budget proposal for 2016

President Muhammadu Buhari has presented 6.08 trillion Naira budget proposal for 2016 to a joint session of the National Assembly.…

N4.5bn Compensation: Stanbic IBTC heads to Appeal Court

stanbic Stanbic IBTC has headed to the Court of Appeal to challenge the verdict by a Lagos High Court ordering…

FEC approves review of tax laws to address inadequacies

The Federal Executive Council (FEC) on Monday in Abuja approved the review of extant taxation laws to address the inadequacies…

Fuel scarcity: 200 truck loads of fuel arrive in Abuja – NNPC

The Nigerian National Petroleum Corporation (NNPC) has deployed about 200 truckloads of fuel to Abuja to help reduce the ongoing…

31 ships laden with petroleum products, foods expected in Lagos

Thirty one ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island…

Pay N4.5bn as compensation, court orders Stanbic IBTC

Akin Kuponiyi A Federal High Court sitting in Lagos has ordered Stanbic IBTC Bank Plc to pay a former Group…

FG orders probe of unauthorised use of equipment by Aero Contractors

Sen. Hadi Sirika, Minister of State for Aviation, has directed immediate investigation into the use of unauthorized equipment by Aero…

NNPC orders special supply of petrol for hitch-free Yuletide

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has directed relevant agencies to embark on special supply of…
Godwin Emefiele, CBN Governo

CBN Governor promises robust economy, stable currency in 2016

Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefeile says the apex bank is evolving additional measures to boost…

Task Force on Distribution of Petroleum Products warns marketers against diversion

Alhaji Rabiu Bako, Chairman, Task Force on Distribution of Petroleum Products in Kano State, has warned fuel marketers against diversion…
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