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The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) on Wednesday attributed Nigeria’s rising debt profile and budget deficit to its inability to diversify her economy. RMAFC said this in Asaba at a two-day advocacy workshop for Nige...
Fifteen ships laden with various cargoes are expected to berth at the Port Harcourt Port in the next five days, the News Agency of Nigeria (NAN) reports. The Nigerian Ports Authority (NPA) disclosed this in its ``The Shipping Position’’, ma...
As the country’s capital market approaches the last quarter of 2012, many operators have expressed worry over Federal Government’s delay in rolling out the intervention initiative it promised the capital market to stimulate confidence in th...
The Tin Can Island Port Command of Nigeria Customs Service said it generated N18.4 billion revenue in Aug. 2012. This was against the N17.3 billion revenue recorded in July. Mr Chris Osunkwo, the Public Relations Officer of the command, told the ...
The National Lottery Regulatory Commission (NLRC) on Thursday in Abuja said the public has nothing to fear about the ongoing ``MTN Ulimate Wonder Promo’’. A statement signed by the commission’s Assistant Director, Media and Public Aff...
The Federal Government yesterday disclosed that a total of N25 billion had been paid to contractors handling the Subsidy Reinvestment and Empowerment Programme (SURE-P) projects. The beneficiary contractors include, Dantata & Sawoe Contructio...
The Managing Director of the Nigeria Electricity Liability Management Ltd (NELMCO) Dr Sam Agbogun, said that the company needed more than N330 billion to settle creditors of PHCN before a smooth and full privatisation could take place. Agbogun told the...
The newly appointed Managing Director of the Nigerian Sovereign Wealth Fund Authority (NSWFA), Mr. Uche Orji, has said he would spend the fund on local infrastructure. Orji a former Goldman Sachs Group Inc. (GS) and UBS AG (UBSN) banker sai...
In a bid to check criminal activities in hotels in Nigeria, the Nigeria Tourism Development Corporation (NTDC) yesterday unveiled plans to create an electronic data base of all staff in Nigeria’s hotels as a way of tracking the work h...
The naira fell for a third day against the dollar on the Nigerian interbank market as import demand increased. The currency fell 0.2 per cent to N158.5 a dollar in Lagos. The naira has advanced 2.4 per cent this year, the best performer in Africa accor...
National Planning Minister Shamsudeen Usman said on Tuesday that the proposed N5,000 note would not be for normal circulation but would be reserved for banks and heavy cash users. The minister said this in an interview with the State House Corres...
Vehicular queues for petrol in many states across in the country continue to lengthen in most filling stations amidst reported scarcity of the commodity. A survey by the News Agency of Nigeria (NAN) across the states shows that the scarcity has caused ...
In pursuit of the federal government’s plan to improve the operations and contributions of the Nigeria Customs Service to the economy, the Coordinating Minister for the Economy and Minister of Finance, Dr NgoziOkonjo-Iweala has commissioned a new...
The out-going President, Nigerian Bar Association (NBA), Mr Joseph Daudu (SAN), on Thursday criticised the plan by the Central Bank of Nigeria to introduce N5,000 notes. In a speech in Abuja at the Annual General Conference of the association, Daudu sa...
The Federal Government yesterday approved about N40 billion for the completion of the Gurara water projects A and B and the Regional urban water supply project for Ilesha water works. Minister of Information, Labaran Maku and his Water Resources counte...