FG reveals why it opted for out of court settlement in suit with 7 banks over TSA
The Accountant General of the Federation (AGF), Idris Ahmed, has given a graphic explanation on why the Federal Government, after taking seven commercial banks to court over breach of provisions of Treasury Single Account (TSA), made a U-Turn to seek…
Ogoja Rice, improved Abakaliki rice to saturate market before year end
Before the end of 2017, more states that have stepped up rice farming will hit the Nigerian market with their improved products. Indication to this development stemmed from a recent declaration by the Cross River State Governor, Prof Ben Ayade,…
Why Nigeria may not ban plastic bags as Kenya has done, by AEEPM
Following the success story recorded by Senegal, since January 5, 2016, in banning manufacture and use of certain plastic bags, and the recent take off of similar ban from Monday last week in Kenya, leading environmental experts in Nigeria have…
Abiola’s experience, investments, forced Dangote to rejects PDP’s free 2019 ticket
More facts have emerged on why Africa’s richest man and conglomerate industrialist, Aliko Dangote, has shun rumoured moves by the Peoples’ Democratic Party (PDP), to give him free presidential ticket in 2019. Analysts who had been following the experiences of…
Analysts’ upbeat on way-out of recession as NBS releases Q2 GDP Tuesday
A clear view of the real state of the Nigerian economy will be presented by the National Bureau of Statistics (NBS) on Tuesday. The data will dwell on the Gross Domestic Product (GDP) growth rate for the second quarter and…
Prime lending rate at 18%, maximum lending rate at 31% killing businesses—NACCIMA
The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Iyalode Alaba Lawson has revealed that studies by her group showed that with the prime lending rate hovering at 17.59 per cent alongside a…
Fresh indices point to chances of selling nonperforming refineries by NNPC
The growing show of poor performance by refurbished refineries has become a leeway for the Nigerian National Petroleum Corporation (NNPC) to continue to press for their sales to private operators. Latest monthly oil and gas sector report has shown that…
From highest buyers last year, India now lowest importer of Nigeria crude
More trouble are still building up for Nigerian crude oil sales as India, formally Nigeria’s highest buyers are steadily slashing quotas from Nigeria. Otherwise, Nigeria’s oil supply to India hit its lowest level for this year, with the Asian country…
Fuel still N145 as NNPC claims products price crash over sustained supplies
Whereas the Nigerian National Petroleum Corporation (NNPC), on Sunday, said it’s steady, strategic intervention in the supply and distribution of petroleum products, has led to significant price fall of products nationwide, checks by Business Hilights showed that prices of fuel…
Ighalo: Super Eagles may face fresh penalty from FIFA over display of religious writing
Analysts who are conversant with latest FIFA rules against displaying unsanctioned commercial, political, religious or personal slogans or statements in undershirts during matches have started weighing chances of Nigeria being given additional sanction upon the instant yellow card handed down…
