Nigeria’s Oil and Gas Industry is forward looking with major oil companies promoting indigenous participation in various aspects of activities as enunciated by the Nigerian Oil and Gas Industry Development (NOGICD) Act, CHIKA IZUORA writes. From basic understanding and experience, local content policies largely offers exciting new potential for economic...
The naira on Monday depreciated against the dollar in the parallel market. The Nigerian currency depreciated against the dollar by N2 in the parallel market. The exchange rate for the market rose to N367 per dollar at the close of business, yesterday, from N365 per dollar, last week. Meanwhile, the Central Bank...
.... Being speech at the Bankers' Dinner by Godwin Emefiele, Governor of Central Bank of Nigeria.  When I spoke at last year’s dinner, the general aura in the hall was fretful, uncertain and anxious given the precar ious position of the macro economy at that time and the recession that...
The Federal Inland Revenue Service (FIRS) has introduced six key electronic solutions (e-Services) to enhance convenience, transparency and round the clock processing and payment of taxes. According to a statement from agency, some of the e-Services, which could now be accessed online, are taxpayer registration (through e-Registration); payment of Stamp...
States have been paid another tranche of the Paris Club refund. Ekiti, which got N9.5billion in the first tranche, has received another N4.772billion; Abia got N5.715billion. The state received N11.4billion in the first tranche. Governor Ayo Fayose’s Media Adviser, Lere Olayinka, confirmed Ekiti’s receipt of the second tranche while Commisioner for...
The Senate of the federal republic of Nigeria has expressed great concern over the widespread usage of Bit-coin, a form of Crypto-currency and other ponzi schemes across the country. This was consequent upon a motion moved by Senator Benjamin Uwaiumogu (Imo North), who expressed concern that Nigerians were freely advised,...
Etisalat Nigeria on Tuesday confirmed it has changed its name to 9mobile. The confirmation was contained in a statement by the company’s Chief Executive Officer, Boye Olusanya. The statement said: “Emerging Markets Telecommunication Services Limited (EMTS), which previously traded as ‘Etisalat Nigeria’ wishes to inform its over 20 million subscribers, government,...
The Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, in an interview with some business editors in Abuja, recently, explained that the federal government’s drive to facilitate trade and ease of doing business in the country is ongoing. He also spoke on Nigeria’s recent feat in World Bank...
The World Bank on Friday approved an International Development Association (IDA) Credit of $486 million for the rehabilitation and upgrading of electricity transmission substations and lines. The Senior Communications Officer, World Bank, Nigeria, Ms Olufunke Olofon, said in a statement the investments would increase the power transfer capacity of the...
By UJAH DAVID ABAKPA, Abuja Stanel Group in its plan to diversify into Nigerian Agricultural Sector has sent its top management staff, Mrs Angela Chinsida Madaki and Henry Uzochukwu to a World Farmers’ Conference currently ongoing at Waldorf Astoria, Palm Jumeirah, in Dubai. The company aimed at exploring the best ideas...

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