Business/Economy

NNPC

Nigeria loses N202bn to subsidy, pipeline repairs, others

The Nigerian National Petroleum Corporation, NNPC, spent N201.657 billion on petroleum subsidy, crude oil and products losses and pipeline repairs in 12 months, between October 2015 and September 2016. Specifically,…

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fake

How did fake US embassy operate in Ghana for a decade?

News has travelled the world that an organised gang based in Ghana ran a fake embassy selling real US visas for $6,000 (£4,700) for “about a decade”. How did they…

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king-mohammed-vi-of-morocco

Nigeria-Moroccan Venture to Produce One Million Tons of Fertilizer From Next Year

An agreement between the governments of Nigeria and Morocco, anchored by Fertilizer Producers and Suppliers of Nigeria, FEPSAN and a Moroccan company, OCP will yield one million tons of fertilizer…

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sanusi-lamido-sanusi1

CBN: Sanusi spoke from point of ignorance – Presidency

The Presidency has said that Emir of Kanu, Lamido Sanusi was not in possession of any fact about the Central Consolidated Account domiciled in Central Bank of Nigeria, CBN and…

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Osun

Osun denies receiving N82bn from FG

Osun state Government has denied receiving N82 billion from the Paris and London Club Loans has being circulated in some quarters. The Bureau of Communication and Strategy, Office of the…

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mmm-326x245

Fear grips Nigerians in MMM, others as Ponzi website, Ultimate Cycler crashes

One of the ponzi schemes in Nigeria, Ultimate Cycler has crashed, sending panic waves across many of its Nigerian members who have invested their money in it as well as…

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vice-president-yemi-osinbajo

‘2017 budget can’t make much impact on economy’ – Osinbajo

Vice-President Yemi Osinbajo on Thursday put the figure of the 2017 Appropriation Bill yet to be presented to the National Assembly at about N7tn.  However, he said the budget size…

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buhari-in-office-2

Nigerian Cabinet Approves 20% Increase in Spending for 2017

Nigeria’s cabinet approved a 20 percent increase in spending proposals next year, taking the figure to 7.3 trillion naira ($23.3 billion), according to the Budget and Planning Ministry. President Muhammadu…

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