Ships & Ports

Inflation rate hits 18.48%, NBS blames high cost of rent

    The Consumer Price Index which measures the rate of inflation in Nigeria rose by 18.48 per cent in November, figures released by the National Bureau of...

FG earmarks N213bn for modernisation of rail system

The Federal Government has earmarked N213bn to fast-track the modernisation of the country’s rail system in the 2017 fiscal year. President Muhammadu Buhari made this...

buhari-budget

Buhari: Capital budget will spur economic growth

President Muhammadu Buhari says the size of the 2017 capital budget reflects the government’s determination to spur economic growth. Buhari made the explanation while...

senate-president-bukola-saraki

2017 Budget: NASS to pass 11 bills to revamp economy

The Senate President, Dr Bukola Saraki, says that the National Assembly has listed 11 economic reform bills to be passed alongside the 2017 Budget to revamp the economy....

OPEC expects non-members to increase oil output in 2017

OPEC said Wednesday it expects some non-cartel producers to ramp up production next year, encouraged by oil prices which OPEC has fought to drive higher with a recent...

ExxonMobil

Protesters disrupt ExxonMobil operations in Akwa Ibom

Some angry youths from Ibeno Local Government Area of Akwa Ibom on Wednesday disrupted operations in ExxonMobil over the sacking of some contract staff who are natives...

nigeria customs

Customs, police extorting us – South East traders

The South-East Zone of the Amalgamated Market Traders Association (AMATAS ) has raised the alarm over the worsening cases of extortion by security officials on highways...

national_assembly_building_

Recession: Reps want local vendors in oil, gas sector paid

The House of Representatives on Wednesday called for the payment of local vendors in the oil and gas industry in the bid to save the industry. This followed a motion by...

buhari-budget

Buhari presents 2017 budget proposal to National Assembly

  President Muhammadu Buhari is at the National Assembly for the presentation of the 2017 budget proposal.The President arrived at the National Assembly around...

Ban on land importation of vehicles may cause hardships

The Ondo State Chapter of the Motor Dealers’ Association has appealed to the Federal Government to have a rethink on the ban on the importation of vehicles through the...

NEPC

Nigeria ready for AGOA — NEPC

  The Nigerian Export Promotion Council (NEPC) on Tuesday said that most  Nigerian exporters were fully ready to export to the United States  through the African...

CBN

India arrests central bank official over cash scam

Indian investigators arrested a central bank official Tuesday for  allegedly illegally exchanging old bills worth some 15 million rupees  ($222,000) for new ones as...