The Director-General of the Budget Office of the Federation, Mr. Ben Akabueze, says budgeting process is critical in the nation’s quest to achieve sustainable economic growth. As such, he said the Federal Government had adopted an automated platform in order to enhance early preparation of the budget. Akabueze said the automated platform called the Government […]

The Nigerian Sovereign Investment Authority, manager of the country’s Sovereign Wealth Fund, has resuscitated 11 fertilizer blending plants across the country, which has brought down the price of commodity and ended its subsidy. The agency’s Managing Director, Mr.  Uche Orji, disclosed this in Abuja on Monday, while receiving the Minister of Information and Culture, Alhaji […]

The President of the Senate, Bukola Saraki, has stated that the inability to access finance, inadequate power supply and the underdeveloped transport systems are major factors hindering millions of productive but unemployed and underemployed youths from starting small businesses. He said the National Assembly was working on bills that would allow movable assets and invoices […]

The Managing Director, Nigeria Sovereign Investment Authority (NSIA), Mr Uche Orji,has  said  that contributors to the Sovereign Wealth Fund will be eligible to dividends from 2018. Orji disclosed this in Abuja when the Minister of Information and Culture, Alhaji Lai Mohammed, paid him a working visit. “We are not allowed to pay dividends until after […]

The Consul-General of Brazil in Lagos, Amb. Maria Figueiredo, on Monday announced the new interest of Brazilian companies in doing businesses with Nigeria and Nigerians. Figueiredo, who made the announcement in Lagos at a Brazil/Nigeria Business Forum, said that the companies had realised the need for mutually beneficial business relations with Nigeria. The Consul-General said […]

The Adamawa/Taraba Area Command of the Nigeria Customs Service (NCS) on Monday said it generated N111.75 million as revenue between January and June. The area comptroller, Mr Francis Adetoye, who disclosed this to newsmen in Yola , said the command also made 22 seizures with a Duty Paid Value of N42.765 million within the period […]

Nigeria’s Acting President, Professor Yemi Osinbajo, says Nigeria is opening up itself for free enterprise and urged investors to leverage on the opportunities being created in the country to establish their businesses in Nigeria. Osinbajo stated this on Monday when he addressed the meeting of delegates from the Nigerian Initiative for Economic Development, NEID, United […]

The Nigerian National Petroleum Corporation (NNPC) said on Monday the nation’s current crude oil production had risen to 2.35 million barrels per day. Its Group Managing Director (GMD), Dr. Maikanti Baru, said this at the inauguration of the members of the corporation’s re-constituted anti corruption committee in Abuja. He said : “In the upstream, we have […]

Nigeria Liability Insurance Pool has said it is planning to deplore its resources to build long-term sustenance value for its stakeholders and explore more emerging risks. The Chairman of the company, Mr. Edwin Igbiti, disclosed this during the organisation’s annual general meeting in Lagos. He said, “The areas of focus among others are the new […]

AK Pensions Limited (Pension Fund Administrator)’s profit rose by 76.8 per cent from N130.57m in the 2015 financial period to N230.88m in 2016. The Chairman, OAK Pensions, Dr. Awa Ibraheem, disclosed this in its annual report that he presented during the company’s 11th Annual General Meeting in Lagos. He also said that the company was […]