Nigeria’s President, Muhammadu Buhari has approved the establishment of a Presidential Infrastructure Development Fund (PIDF), which is to be managed by the Nigeria Sovereign Investment Authority (NSIA), and invested specifically in critical road and power projects across the country. A statement from the State House confirmed that the National Economic […]
The National Bureau of Statistics, NBS, said Nigeria’s headline inflation for October fell slightly to 15.91%. The downward trend in inflation for the month of October is, however, slower compared to 15.98% disclosed for the month of September. Nigeria is Africa’s largest economy by gross domestic product. The country has […]
The latest development from Abuja, Nigeria’s commercial capital shows the Senate has approved the federal government’s USD5.5 billion borrowing plan. The loan is to be covered up for the government’s budget deficit after global crude oil prices collapsed by more than 70% and the consequence of production disruption in the […]
The Nigerian National Petroleum Corporation NNPC said allegations by the minister Ibe Kachikwu that the conduct of its group managing director lacked transparency were baseless. Minister of State for Petroleum Resources, in a letter to the president dated Aug. 30 and confirmed by the oil ministry, said Maikanti Baru had […]
President Muhammadu Buhari has nominated Mrs. Aisha Ahmad for the position of deputy governor of the Central Bank of Nigeria. The president was also said to have sent her name to the Senate for confirmation. A statement issued by the Special Adviser to the President on Media and Publicity, Femi […]
In celebration of the Nigeria’s Independence Day, President Muhammadu Buhari encouraged the citizens stay as one and not forget the struggles of heroes past. BROADCAST BY PRESIDENT MUHAMMADU BUHARI ON OCTOBER 1ST, 2017 My dear Nigerians, October 1st remains a special date for all Nigerians as this marks the day […]
The Federal Government of Nigeria confirmed that the country has pulled out of 90 world organizations. Nigeria currently owes the organizations over USD100 million and its failure to meet the obligations has caused the country embarrassment, hence it has to pull out. As part of plans for the country’s exit […]
In furtherance of the Buhari administration’s ease of doing business reforms, the Presidential Enabling Business Environment Council (PEBEC), which is chaired by Vice President Yemi Osinbajo, SAN, will today consider new and specific initiatives to be implemented over a 60-day period in the National Action Plan 2.0. It will be […]
The Nigerian National Petroleum Corporation (NNPC) has increased daily average natural gas supply to the nation’s gas power plants by 123 per cent to 730 million standard cubic feet per day (mmscf/d). The Corporation, in its June 2017 Monthly Financial and Operations Report released today, said the gas supply was […]
A Federal High Court sitting in Lagos has failed to deliver judgment in the NGN300m Fundamental Rights Enforcement Suit filed by a suspected kidnapper, Evans whose real name is Chukwudumeme Onwuamadike, against the Nigerian Police Force. The presiding judge, Justice Abdulaziz Anka has adjourned the case till September 5, 2017 […]