Reasons private refineries are not built in Nigeria

According to the Chief Executive Officer of Seplat Petroleum Development Company Limited, Mr Austin Avuru, unfavourable government policy, harsh economic environment and lack of...

Nigeria needs $2.9tn for infrastructural development – Jonathan

Speaking at the Nigeria Power Investors’ Conference held at the Banquet Hall of the Presidential Villa in Abuja, President Goodluck Jonathan who was represented...

More investments expected in the power sector

More investments worth $50 billion are expected to go into the power sector in the next few years owing to the successful completion of...

GTBank acquires Fina Bank Group

A statement from Guaranty Trust Bank stated that it had acquired 70 per cent stake in Fina Bank Group. FGB is a popular bank...

$80bn investment expected in next five years

The Minister of Industry, Trade and Investment, Mr Olusegun Aganga has said that the Federal Government expects investments worth eighty billion dollars in the...

Naira strengthens against some foreign currencies

The naira has appreciated slightly against the dollar at official and parallel markets. A report in the Vanguard indicated that the naira was sold at...

Economic ties between Nigeria and Germany strengthens through trade facilitation

According to the Vanguard, Nigeria and the Federal Republic of Germany are set to partner on trade facilitation and Micro, Small and Medium Enterprises...

FG to tax Nigerians more

The federal government is making preparations to impose more taxes on Nigerians. It has directed the Federal Inland Revenue Service (FIRS) to do everything...

Tokunbo car levy increase: operators harp on the need for a probe of NAC...

It is no longer news that the price of fairly used cars has gone up beyond the reach of the average Nigerian. The reason...

NIA says no Premium no cover may reduce profitability in 2014

The Nigeria Insurers’ Association has said that the no premium no cover policy that is bound to commence in full swing next year may...

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