Address of Minister of Power, Works and Housing at the opening ceremony of Power-Nigeria Exhibition and Conference at Eko Hotels recently
Ladies and Gentlemen: The number and array of exhibitors at this event clearly speaks volumes about the investment appetite for Nigeria’s power sector. More than anything that I could possibly say about the attractiveness of the Nigerian power sector;…
Can Stakeholders’ Stop NASS in passing CST Bill?
Certainly, the massive drop in oil revenue coupled with dearth of business enabling facilities have crippled government’s income base since the beginning of this administration. The development is now forcing government to scout for taxable entities in an economy that…
Akabogu gives insight to why importers prefer neighbouring ports
Leading maritime lawyer and analyst, Mr. Emeka Akabogu has explained why the Nigeria ports are being deserted by majority of Nigerian importers for ports of neighbouring Togo and Benin Republic. In an interview, he identified two principal factors working against…
Past governments ran economy without recourse to liabilities– Adeosun
More reasons on why the economy plunged into recession have emerged. Speaking in Abeokuta, the Ogun State capital during a meeting with States Finance Commissioners Wednesday, the Minister of Finance, Mrs. Kemi Adeosun revealed that one of the key safety…
More FG officials confuse Nigerians on way out of recession
Beginning from late last year, the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele said government will soon sale non-performing national assets to raise fund to rejig the economy. Only recently, the National Economic Council (NEC) advised the federal…
OPEC to cut output by 750,000 barrels per day
The Organization of Petroleum Exporting Countries (OPEC) has agreed to cut production by 750,000 barrels a day. The surprise news triggered an immediate spike of more than 5 percent in crude prices, as markets had expected the Algiers meeting to…
Shipping can replace oil sales as nation’s revenue earner–Afolabi, Sifax Bo
Group Executive Vice Chairman Sifax Group, Dr. Taiwo Afolabi has called on the federal government to anchor the ongoing campaign on diversification of the economy on maritime sector considering the capacity of the industry to replace oil earnings in the…
CBN yet to reveal banks audit report
Considering high speculation on the would-be content of the ongoing stress test on commercial banks by the Central Bank of Nigeria (CBN), the apex bank has warned some segments of the press over misleading reports purporting to reveal decisions taken…
Merger of Customs, FIRS imminent–Report
If the recommendations of the National Tax Policy Review Committee are anything to go by, indications are rife that the Federal Government will merge the Federal Inland Revenue Service (FIRS) and Nigeria Customs Service (NCS). This, according to the Committee,…
NCAA, Emirates, others to meet over naira rejection for airfare
Following the rejection of Nigerian Naira by Emirates Airline for air fare payments for a flight from Lagos to Brazil on Monday night, the Nigerian Civil Aviation Authority (NCAA) has concluded plans to meet with foreign airlines operating in the…
