World Economics: Nigeria out of recession

World Economics: Nigeria out of recession

The Nigerian economy is looking up, signalling an end of the recession, the World Economics declared on Tuesday. However, the London based organisation cautioned that “conditions remain difficult for businesses.” According to the body,“April Sales Managers’ Index (SMI) data suggests...
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Buhari lauds re-opening Of Abuja Airport

Buhari lauds re-opening Of Abuja Airport

President Muhammadu Buhari has commended the efforts of the Ministries of Transport, Power, Works and Housing, the security agencies, Kaduna State Government, the contractor, Julius Berger, and others, on the successful completion of work on the runway and re-...
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NCAA: Abuja airport ready for operations

NCAA: Abuja airport ready for operations

The Nnamdi Azikiwe International Airport runway, Abuja, is ready for operation and can be opened on Wednesday, Director-General, Nigerian Civil Aviation Authority, NCAA, Usman Muktar, has said. Speaking with Journalists on Monday during an inspection of the  ...
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FG canvasses support for whistle-blower policy

FG canvasses support for whistle-blower policy

The Federal Government has hailed its whistle-blower policy, which has led to the recovery of looted funds in many currencies that may otherwise not have been discovered, describing it as an effective tool of fighting corruption in Nigeria. In a statement is...
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FG, British Council train 40 Nigerian festival managers

FG, British Council train 40 Nigerian festival managers

The Minister of Information and Culture, Alhaji Lai Mohammed, said 40 Nigerian Festival Managers have been trained by the British Council on the management of festivals for economic gains, under the Memorandum of Understanding (MoU) signed by the Ministry and....
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NNPC to commercialise communication network

NNPC to commercialise communication network

The Nigerian National Petroleum Corporation (NNPC) has announced plan to commercialise some of its critical Information Communications & Technology (ICT) infrastructure in line with its bid to re-focus the Corporation as a commercially viable entity. The G...
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Minister explains N243.7b capital project for land transport, maritime, aviation in 2017

Minister explains N243.7b capital project for land transport, maritime, aviation in 2017

Barring any further adjustment, the Federal Ministry of Transportation, comprising of Land Transport, Maritime and Aviation is to execute N243,746,507,321.00 capital project in 2017. In 2016, the total Capital budget of the Ministry was N171,652,299,451.00 out...
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FRSC earmarks N1.2B for new vehicles, fuel, research,  others in 2017

FRSC earmarks N1.2B for new vehicles, fuel, research, others in 2017

The Federal Road Safety Corps (FRSC) is to intensify its patrol and other activities in 2017 as part of measures to curtail road accident across the country. In 2016, according to the National Bureau of Statistics (NBS), Nigeria recorded not...
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Buhari to meet African Maritime Administrators

Buhari to meet African Maritime Administrators

President Mummadu Buhari will on April 20, 2017 meet African Maritime leaders under the aegis of Association of African Maritime Administration (AAMA) to brainstorm on ways in which Africa can come together to maximize the economic opportunities of the contine...
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NCS restricts rice import in free trade zones

NCS restricts rice import in free trade zones

The Comptroller-General of Nigeria Customs Service (NCS), Col. Hameed Ali (rtd), has restricted rice import in trade free zones. Quoting the Customs Boss, Public Relations Officer of the service, Mr. Joseph Attah, explained that the restriction became necessar...
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Critical role of agriculture takes centre stage as Ogbeh, FAO delegation visit Borno

Critical role of agriculture takes centre stage as Ogbeh, FAO delegation visit Borno

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh has challenged Nigerians to rally support, improve the lives and well-being of rural communities in the interest of the larger economy. Ogbeh spoke on Friday in Maiduguri, Borno State  at...
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Niger Delta States indicate interest in community-based modular refineries

Niger Delta States indicate interest in community-based modular refineries

As implementation efforts on President Muhammadu Buhari’s new vision for oil-producing communities in the Niger Delta region progress, states in the region are beginning to indicate interest in working with the Federal Government and the Private Sector to de...
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Customs impounds N250m contrabands in March, recovers N48.7m underpayments in Zone ‘C’

Customs impounds N250m contrabands in March, recovers N48.7m underpayments in Zone ‘C’

For the month of March 2017, the Federal Operations Unit (FOU), Nigeria Customs Service (NCS), Zone ‘C’ Owerri impounded 17 items with duty paid value of N112,617,700. The unit during its anti-smuggling operations in March also intercepted and detained a.....
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FG clears N54b pension backlog

FG clears N54b pension backlog

Concerned about the plight of pensioners who retired under the Contributory Pension Scheme without being paid, the Federal Government has cleared the inherited arrears of accrued pension benefit for the year 2014, 2015 and 2016 by releasing N41.5 billion to...
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