Wage bill, other spending exceed subsidy savings — Oyedele
…Govt saved N15.8trn from subsidy removal, naira floatation …FG got only N5.43trn, borrowed N11.85trn …No large pool of cash available to FG By Emma Ujah, Abuja Bureau Chief ABUJA — The Federal Government has clarified that the N15.8 trillion saved from fuel subsidy removal and the flotation of the naira between June 2023 and December […]
Symbion, CCA eye Nigeria, plan fresh investment in five years
Symbion Power, a United States’ power engineering company and the Corporate Council on Africa, CCA, sad they are set to invest heavily in the Nigeria economy and to help boost the country’s trade and investment climate, as well as other countries in the African continent.
Cashless policy: Currency outside banks declines by 12.2%
Currency outside banks declined by 12.2 per cent in January, indicating impact of the cashless policy of the Central Bank of Nigeria (CBN).
Risk mgt still at rudimentary stage in Nigeria – CBN
The Central Bank of Nigeria,CBN, has said that risk management practice is still at its rudimentary stage in Nigeria.
ICAN should develop blueprint for anti-corruption – Gov
Governor Rabi’u Musa Kwankwaso of Kano State, has called on the Institute of Chartered Accountants of Nigeria, ICAN, to champion the development of a blueprint to fight corruption in the country.
Jonathan targets 40bn barrels of crude reserve, 4m barrels daily production
President Goodluck Jonathan has stated that the key objective of his administration’s reform agenda in the oil and gas industry is to expand the crude oil reserve base to about 40 billion barrels, and increase the country’s daily production to about four million barrels per day.
