Business

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 […]
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Technology Shifts, James Agada

The emergence of Information Technology has forever changed the way economic and social development occurs in Nigeria. Most stakeholders in IT industry prefer to talk about what’s coming.

FBN Holdings to downsize to boost profitability

FBN Holdings Plc, the parent company of First bank Limited said it would cut jobs and focus less on providing loans to the oil industry in a bid to reverse last year’s 82 percent slump in profit.

African capital markets to raise $3.1bnIPOs in 2016 – NSE boss

Despite the challenging operating environment in 2015, there has been a prediction that African capital markets are expected to see a gradual pickup in growth in 2016, with the markets expected to raise Initial Public Offers, IPOs of $3.1 billion .

30-day fuel imports can build 15 modular refineries — Don

A university don has argued that the cost of importing petroleum products for 30 days is capable of building up to 15 modular refineries in the country, even as he urged the federal government to tap from the technology of illegal refineries instead of destroying them.

Nigeria’s oil revenue dips N1.1trn in one year

NIGERIA’S earnings from the petroleum sector dropped sharply, as revenue from the sale of crude oil dipped by N1.114 trillion to N1.86 trillion in the 2015 fiscal year, data obtained from the Central Bank of Nigeria, CBN, has revealed.

PETAN commends Shell’s promotion of Nigeria content

THE Petroleum Technology Association of Nigeria, PETAN, a foremost association of indigenous service companies has commended the pioneering role of Shell in the development of Nigerian content in the oil industry.

PIB: Need for even handedness

Of all the Issues that have threatened the stability of this country- religion, ethnicity – there has been none as virulent as oil. This threat has been potentiated by the manner in which this product has been administered and mismanaged.

APC change programme: The slogan and the reality

Buhari came into office with an agenda for change. This was a compelling and ultimately victorious slogan….” Vice President Yemi Osinbajo, at the NATION’s Forum on the Economy, Thursday, 8 April 2016.

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