Business

GDP drops in 2015 as falling oil prices persist

The Gross Domestic Product, GDP, of the Nigerian economy has taken a downward slope in 2015 compared to economic growth in previous years, the National Bureau of Statistics, NBS, has said.

The bureau in its latest analysis of the Nigerian economy over 2010 through 2015 shows that the growth rat [...]

Sat, 06 February 2016


$5.2b fine: MTN engages ex-U.S attorney general against NCC

Telecommunications giant, MTN Nigeria, has employed the services of the immediate past Attorney General of the United States, Mr. Eric Holder, in its $5.2billion legal battle with Nigerian Communications Commission, NCC.

The tussle between the Nigerian government and the South African company t [...]

Sat, 06 February 2016


A one day workshop on breast feeding

L-R: Mr. Kachi Onobogu, Executive Director, Commerciaal, Promasidor Nigeria Ltd, Mr. Olivier Thiry, Managing Director, Promasidor, Prof. (Mrs) Ngozi Nnam, keynote speaker and Festus Tettey, Head of Marketing, Promasidor at a one-day workshop on breast feeding organised by Promasidor, Lagos.

Sun, 31 January 2016


Adeosun seeks PPP to address infrastructural dearth

Minister of Finance Mrs. Kemi Adeosun, has called for better collaboration between government and the private sector in addressing the poor state of infrastructure in the country.

Adeosun, who lamented that the years of underinvestment and poor maintenance have left Nigeria’s infrastructu [...]

Sat, 30 January 2016


FG denies MTN settlement claims

The federal government has distanced itself from claims in some section of the media that it has opted for an out of court settlement in the $3.4 billion fine case between the Nigerian Communications Commission and MTN Nigeria.

Minister of Communication, Mr. Adebayo Shittu, made the clarificati [...]

Sat, 30 January 2016


FG revenue appreciates despite falling oil price

Regardless of the tumbling oil prices and the repeated shut-ins, shut-downs of production lines for repairs in recent times, the federal government says it realized a 5.6 percent increase in the nation’s revenue for the month of December 2015.

The country recorded an increase from N297.45 [...]

Sat, 30 January 2016


FIRS moves to broaden tax base with state structures

About 26 directors of the Federal Inland Revenue Service, FIRS, have been transferred to various divisions in-line with its recent campaign to widen the nation’s tax base.

The massive restructuring which also saw the introduction of the state coordinator structure, a move the FIRS managem [...]

Sat, 30 January 2016


Falling oil prices, no end in sight, CBN warns

The end may not be insight to the low revenue generated from the nation’s crude oil, as the Monetary Policy Committee of the Central Bank of Nigeria predicts a prolong plunging of oil price in the global market.

A communiqué at the end of the committee’s meeting in Abuja said [...]

Sat, 30 January 2016


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