Business News
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164FG, NSIA to Provide ₦1.325trn funding for Metering Initiative
The Federal Government and the Nigerian Sovereign Investment Authority (NSIA) are to provide N1.325 trillion billion towards the funding of the Presidential Metering...
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56Senate Begins Probe of Stalled $18.5b Abuja Centenary City Project
The Senate yesterday set up a seven-member ad hoc committee to investigate what caused the stalling of the $18.5 billion Abuja Centenary Economic...
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64CBN Clarifies Export Proceeds’ Repatriation, Utilisation By Oil Companies
The Central Bank of Nigeria (CBN) yesterday clarified that 50 per cent balance of the repatriated export proceeds could be used to...
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59FG to Sanction Marketers Diverting Fuel
As fuel queues subside across filling stations, the Federal Government says it will sanction marketers hoarding and diverting Premium Motor Spirit. The...
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62States, LGs to Get 90% VAT Revenue –Panel
The Presidential Committee on Fiscal Policy and Tax Reforms has proposed reviewing states’ and local governments’ share of the Value Added Tax...
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62Oil Slips on Rising US Stockpiles
Oil prices fell in early Asian trade on Wednesday as industry data showed a pile up in both crude and fuel inventories...
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178Oil Climbs After Truce Talks Continue
Oil prices edged higher on Tuesday after Israel struck Rafah in Gaza, while negotiations for a ceasefire with Hamas continued without resolution,...
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80‘Nigeria, UK Trade Relations worth £7b’
The trade relations between Nigeria and the United Kingdom currently stand at about seven billion pounds sterling. The British High Commissioner in...
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64Nigeria Accedes to the Establishment Agreement for Export Development Fund in Africa
The Federal Republic of Nigeria has acceded to the Establishment Agreement for the Fund for Export Development in Africa (FEDA), the development...
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82Oil Prices Rebound on Hopes US will Replenish Strategic Reserve
Oil prices rose on Thursday, rebounding from three days of losses, on expectations the lower levels may prompt the U.S., the world’s...
