Category: Economy
Senate Okays N2.9trillion For Capital Expenditure, Passes 2019 Budget
The Senate has passed the 2019 appropriation bill.The passage follows the presentation of a report by the chairman senate committee on Appropriation, Danjuma Goje.The budget was increased from N8.83 trillion presented by President Muhammadu Buhari to N8.916 tr...
Nigerian Delegation In China, Inspects 64 Rail Coaches
The Federal Government has inspected 64 coaches under construction in China for the various rail projects in Nigeria, with 10 coaches to be delivered in June for Abuja-Kaduna rail corridor.The Minister of Transportation, Rotimi Amaechi, led a delegation to Chi...
SEC Nigeria To Align Master Plan With Current Economic Realities
The Securities and Exchange Commission (SEC) is to align the 10 Year Capital Market Master plan with current economic realities as well as ensure the planned review is concluded in record time. Acting Director General of SEC Nigeria, Ms. Mary Uduk...
NIMASA Extends AID To Ondo
The Nigerian Maritime Administration and Safety Agency (NIMASA) has continued its donation of relief materials to victims affected by flood and other disasters across the country. The Agency took the exercise to Akure in Ondo state where various items were do...
Palm Oil Producers Lament Smuggling, Petitions Buhari
Citing alleged illegal entry of Crude Palm Oil (CPO) into Nigeria, the National Palm Produce Association of Nigeria (NPPAN) has forwarded a petition to President Muhammadu Buhari. In the petition jointly signed by Mr. Dele Olanubi, NPPAN Ambassador, Mr. Bolari...
Easter: FRSC Boss Seeks Attitudinal Change
As Nigeria joins the rest of the world to observe this year’s E8aster celebration, the Corps Marshal of the Federal Road Safety Corps (FRSC), Dr Boboye Oyeyemi has called for deep reflection by Christian faithful on the need to show...
Air Peace Deploys B777 For Easter Operations
As part of activities for its Easter Operations, Air Peace on Thursday deployed Boeing 777 aircraft for domestic operations. The aircraft is scheduled for the Port Harcourt-Abuja and Abuja-Port Harcourt routes on Eas...
NPA Board Members Decry Condition Of Port Access Road
Board Members of the Nigerian Ports Authority (NPA) have added their voice to the perennial traffic gridlock on road leading to Port in Apapa and Tin-Can Island.While assuring that the Board would continue to identify with all efforts to find...
Sahara Energy Boosts S’Sudan Economy, Peace Process With $600m Facility
As the South Sudanese people and the world remain in awe of the inspiring feet kissing and blessing of the nation’s leaders by Pope Francis, Sahara Energy Resources DMCC, Dubai, has extended a $600 million facility to help boost resurgent...
Nigeria Reiterates Economic Development Collaboration With UK, Others
Nigeria has assured of its readiness to partner with any group or stakeholders towards the transformation and economic development of the country. Minister of Finance, Mrs Zainab Ahmed stated this at the closing session of the UK-Nigeria Climate Finance Accele...
Agenda For Intra-African Trade Gains Momentum At Davos
A new African free trade area could be just weeks away as the last few countries ratify an agreement signed last year. The plan to boost intra-African trade by half is gaining much attention in Davos this year. When you...
Korea To Collaborate With Nigeria On Economic Development Goals
The Republic of Korea has pledged to continue effective collaboration with Nigeria to ensure the nation attains its economic development goals. Ambassador of the Republic of Korea, Mr. Intae Lee stated this in a goodwill message at the official opening.....
Nigeria Proposes N8.83trillion Budget For 2019
Barely two weeks to the end of 2018, President Muhammadu Buhari of Nigeria on Wednesday presented N8.83 trillion Appropriation Bill for 2019 to a joint session of the National Assembly. The proposal, which is less than this year’s Appropriation Act...