Business

Oil theft: NNPC loses 200,000 barrels of oil daily

The Nigerian National Petroleum Corporation, NNPC, has disclosed that it losses a total of 200,000 barrels of crude every day to oil theft.

Group Managing Director of NNPC, Mallam Mele Kyari, stated this in Abuja when he led a delegation of the corporation’s top management team at the Def [...]

Mon, 01 March 2021


Economy: Nigeria on slow recovery path- UN

The Deputy Secretary-General of the United Nations, Mrs. Amina Mohammed, has described Nigeria’s economic recovery from the impact of Covid-19 as slow but on the right path.

Mohammed, who stated this during a visit to the headquarters of the Federal Ministry of Industry, Trade and Investm [...]

Mon, 01 March 2021


Insecurity: FCTA to confront menace of scavengers, cultism, others

Worried by the rising cases of crime in the nation’s capital, the FCT Administration has vowed to confront head-on the menace of scavengers, cultism and drug abuse as part of its strategies to ensure the security of lives and properties in the territory.

The FCT Minister, Mal. Muhammad Be [...]

Sun, 21 February 2021


Nigeria’s inflation rises to 16.47%

 

Despite staging a staggering comeback from a devastating economic recession with 0.11 growth in Gross Domestic Product, GDP, Nigeria’s headline inflation rose to 16.47 per cent in January 2021.

A Consumer Pricing Index, CPI, report released by the National Bureau of Statisti [...]

Sun, 21 February 2021


FAAC disburses N640.310bn to FG, States and LGCs

A total sum of N640.310 billion has been disbursed to the three tiers of government by the Federation Accounts Allocation Committee, FAAC, as federation allocation for the month of January, 2021.

 

The Ministry of Finance, Budget and National Planning, disclosed this in a statement [...]

Sun, 21 February 2021


NEITI: NNPC lauds Orji’s appointment

The Nigeria National Petroleum Corporation, NNPC, has expressed delight in the appointment of Dr. Orji Ogbonnaya Orji as the Executive Secretary of Nigeria Extractive Industries Transparency Initiative, NEITI.

In a statement by its Spokesman, Dr. Kennie Obateru, the Group Managing Director of t [...]

Sun, 21 February 2021


How Nigeria exited recession in Q4, 2020- NBS

A fourth quarter report of 2020 by the National Bureau of Statistics, NBS, says Nigeria has exited economicrecession after its Gross Domestic Product, GDP, grew by 0.11 per cent, year-on-year, during the period.

 

 

The quarterly report released on Thursday, said th [...]

Sun, 21 February 2021


FAAC disburses N619, 343bn to FG, states, LGAs

The Federation Accounts Allocation Committee, FAAC, has disbursed a total sum of N619.343 billion to the three tiers of government as federation allocation for the month of December 2020.

Director of Information, Mr. Hassan Dodo, said in a statement that the amount, is includes the cost of coll [...]

Mon, 25 January 2021


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