Business

2016 budget: FG assures of proper implementation

As federal lawmakers, last week, forwarded the details of the 2016 budget to the presidency, the federal government has assured of its willingness to properly manage the nation’s resources while implementing the budget to the latter.

Minister of Budget and National Planning, Senator Udoma [...]

Tue, 12 April 2016


Electricity drop: FG seeks understanding from Nigerians

The federal government has asked for understanding from Nigerians over the poor power supply witnessed across the country in recent time, blaming the drop on activities of vandals along critical installations.
 
While also attributing the near total blackout to the heavy downpour witn [...]

Tue, 12 April 2016


North east tops requests for N10bn BoI loans

Indications have emerged that business activities may gradually be picking up in the north east region, as the region recorded the highest number of applications in the Bank of Industry, BoI’s N10 billion loan facility, under the Youth Entrepreneurship Support, YES programme.
Figures from [...]

Tue, 12 April 2016


FG revamps fertilizer committee after years of inactivity

Determined to cut off middlemen in fertilizer distribution and also ensure food security and wealth creation in the country, the federal government, last week, reintroduced the National Fertilizer Technical Committee, NFTC, after eight years.

The committee which was setup in 1985 was said to ha [...]

Mon, 28 March 2016


FG to invest N350bn on capital spending in Q2

The federal government has said it is ready to invest N350billion in capital spending in the second quarter of 2016, to help stimulate the economy.

Minister of Finance, Mrs. Kemi Adeosun, who disclosed this at the recent National Economic Council retreat, said the Federal Government plans using [...]

Mon, 28 March 2016


Statutory revenue drops by N20bn in February

Gross statutory revenue into government coffers dropped by N20.47billion in February alone, owing to shut-down of oil pipelines for repairs at major terminals, the Federation Account Allocation Committee, FAAC, has said.

The February revenue was put at N270.49billion, as against the N290.96bill [...]

Mon, 28 March 2016


Uber Nigeria makes 30% more trips than London

Uber Nigeria is said to have made 30percent more trips in its 16months of operations in the country, than was recorded in the same time frame in London.

The development, managements said has created an estimated 1,000 jobs, by connecting over 100, 000 potential riders with drivers since 2014 wh [...]

Mon, 28 March 2016


2016 budget: Bumpy road to passage

The National Assembly passed and transmitted the controversial 2016 budget to the presidency with over N17billion‎ reduction from the N6.08 trillion earlier proposed by President Muhammad Buhari in December, 2015.

The substantial reduction is attributed to the errors and omissions iden [...]

Mon, 28 March 2016


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