Nigeria’s daily crude production to hit 4million barrels by 2020
NIGERIA’s daily crude oil production is expected to rise by another 1.4 million barrels from its current 2.6 million bpd by the year 2020, just as crude oil reserves is also expected to grow to 40 billion barrels from its present 36 billion barrels.
The new debt trap courtesy Okonjo-Iweala –1
The Nigerian most dreaded might not even be the leader of Boko Haram. He and his colleagues might soon disappear like the Maitasene – the dreaded Islamic group of the I980s. Religious uprisings never last in Nigeria and have invariably been regional in scope. The worst threat to our present and future might well be Dr Ngozi Okonjo-Iweala – the Federal Minister of Finance who has embarked on raising the nation’s debt ceiling.
Nigeria moves to strengthen FDI drive, diversification of economy – Aganga
Following the outcomes of the ongoing reforms by the Federal Government, Nigeria would continue its quest to become the leading investment destination in Africa through strategic policies and diversification of the economy, Minister of Trade and Investment, Mr. Olusegun Aganga has said.
FG decries poor bank lending to farmers
The Federal Government has lamented low funding of the agricultural sector by banks in the country.
Merger: We are not losing sleep, PDP tells ACN, CPC, others
THE national leadership of Peoples Democratic Party, PDP, has again boasted that it would not lose sleep over the planned merger of Action Congress of Nigeria, ACN, Congress for Progressive Change, CPC, and other opposition political parties ahead of the 2015 presidential election.
Nigeria’s external reserves hit $46bn – Sanusi
Nigeria’s external reserves have risen to $45.68 billion, which is the highest in more than two years.
Bonds: Sanction market makers for failing to lift market – Oluwo
A capital market operator has expressed concern over the inability of primary market dealers appointed in the bond market to fulfill their obligation, saying that the regulators should take step to sanction some of them for failing in their duty.
Nestle, Guinness loses depress NSE’s value by N101bn
Decline in share prices of highly capitalised stocks listed on the Nigeria Stock Exchange, NSE, namelyNestle Nigeria Plc and Guinness Nigeria Plc- resulted to N101.13 billion depreciation in the market capitalisation last week.
Develop other sources of revenue generation, OPS tells LASG
The Organised Private Sector, OPS, in Lagos State have urged the state government to develop other means of generating revenue as their over reliance on the private sector for wealth creation is impacting severely on the sector.
The blame games again in the oil sector
Blame games either in a family, corporate world or community is a sign of failure of leadership. Leadership is about taking responsibility and action where necessary no matter who is involved. In situations where people are not ready to accept responsibility for their actions or inactions, they blame their failures on subordinates or opponents.
Property firm allocates papers to Cedar Gardens’ subscribers
Pentagon Real Estate Investment Limited has issued allocation papers to the first batch of subscribers to its Cedar Gardens estate project.
