Business

FG launches electronic records management project

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has launched an Electronic Records Management, ERM, platform for the tracking of incoming and outgoing mails in the Ministry.

While launching the platform in Abuja, Ahmed noted that the move was in furtherance of the curr [...]

Mon, 23 December 2019


NNPC declares trading surplus of N5.20bn in August

The Nigerian National Petroleum Corporation, NNPC, has announced an increased trading surplus of N5.20billion for August 2019, reflecting an increase of 22 per cent when compared with the N4.26billion surplus posted in July 2019.

The new figures are contained in the recently released August 201 [...]

Mon, 23 December 2019


FAAC shares N635.826bn to FG, States, LGs in November

A total sum of N635.826 billion has been disbursed to the three tiers of government by the Federation Account Allocation Committee, FAAC, as federal allocation for the month of November 2019.

A statement by the Director of Information at the Ministry of Finance, Budget and National Planning, Mr [...]

Mon, 23 December 2019


Oil: NCDMB targets 70% local content by 2027

A 10-year roadmap by the Nigerian Content Development and Monitoring Board, NCDMB, targets to achieve 70 per cent of local content in the oil and gas sector by 2027.

Nigeria currently has 30 per cent in-country capacity with relative advantage in engineering and fabrication.

NCDMB’ [...]

Mon, 23 December 2019


NGC diversifies into gas processing

The Nigerian Gas Company, NGC, says it is diversifying into gas processing services to boost its revenue.

NGC, which is a subsidiary of the Nigerian National Petroleum Corporation, NNPC, had declared an annual Profit of N13.29bn in 2018.

Speaking at the 24th Annual General Meeting, AGM, [...]

Sun, 15 December 2019


NNPC, Seplat, others to build condensate refinery in 2020

The Nigerian National Petroleum Corporation, NNPC, has kicked off the first phase of establishing the first condensate refinery in the country.

The corporation, which as expressed a firm commitment to take the final investment decision, FID, on the investment in July, 2020, said the move was pa [...]

Sun, 15 December 2019


Volume of trade grew by 6.8% in Q3, 2019- NBS

The National Bureau of Statistics, NBS, says the total volume of trade in the country grew by 6.8 per cent in quarter 3, 2019 compared to quarter two of the same year.

A report released by the agency indicates that the value of total imports decreased 2.70 per cent in quarter 3, 2019 compared t [...]

Sun, 15 December 2019


FG to prioritise development of textile industry

The Federal Government has expressed willingness to give high priority to the development of the textile industry and transform the country from being an import-dependent nation to an exporter of finished products.

Minister of State for Industry, Trade and Investment, Amb. Mariam Katagum, discl [...]

Sun, 15 December 2019


Search

Latest posts

PhotoLand administration: FCTA to support states in GIS upgrade

The FCT Minister, Mal. Muhammad Bello, has pledged the administration’s support to states, to upgrade their Geographic Information System for [...]

09 March 2020

PhotoFCT to unveil emergency maternal and child health centre

FCT Minister of State, Dr. Ramatu Aliyu, has revealed that preparations for the establishment of the FCT Emergency Maternal and Child Health Interv [...]

09 March 2020