The Nigerian National Petroleum Corporation (NNPC) has attributed the increased in the price of household Kerosene in the country to the pressure of demand and supply.

The Nigerian Communications Commission (NCC) has remitted N51.3 billion to the Federal Government’s Consolidated Revenue Fund (CRF) in the first quarter of 2019.

Economists yesterday faulted the report by the National Bureau of Statistics (NBS) that that consumer prices fell last month. The experts, who spoke in Abuja, contended that Nigeria at the moment had not got an economy or a direction from where the result would have emanated from.

The Transition Committee set up by Gombe State Governor, Inuwa Yahaya has put the state’s debt at N110bn. The Chairman of the Transition Committee, Mohammed Kabir, while presenting the Committee’s report to the then Gombe governor-elect on May 11, said Gombe State had a debt profile of N110bn as at December 2018. The 31-member transition…

Nigeria Union of Railway Workers (NUR), has tasked the Federal Government to review the Nigerian Railway Corporation (NRC), under the supervision of the Ministry of Transportation.   NUR wants government to nationalise the Corporation and make it an authority or Federal Ministry of Railways, as doing so would help tackle poor budgetary allocation and zero…

The Federal Government earned N289.04 billion from Value Added Tax (VAT) in the first quarter of 2019, against N298.01 billion in the previous quarter, representing 3.01 per cent decline. The N8.97 billion VAT shortfall, compared with the previous quarter’s numbers, were part of the more than N300 billion deficit in revenue projection of the government…

The recent bickering between the United Nations and the National Population Commission over Nigeria’s current population figure is quite unnecessary and embarrassing. And it depicts perhaps, only one thing: that some national institutions of governance do not properly understand their mandates. Nigeria’s National Population Commission is one of them and so some change should begin…

President Muhammadu Buhari on Monday in Abuja received the report of the Presidential Technical Advisory Committee on the Implementation of the National Minimum Wage (PTAC) with a pledge to review it expeditiously. The PTAC, which was inaugurated on Jan. 9, was mandated to advise the Federal Government on how best to fund, in a sustained…

Out of the total mobile subscriptions connected for voice services in Nigeria as at the end of 2018, states in the south west region including Ekiti, Lagos, Ogun, Ondo, Osun and Oyo had 51.7 million subscribers, amounting to 30.3 per cent. Statistics from the National Bureau of Statistics (NBS) put Nigeria’s active voice subscriptions as…

Importation of raw materials continued on a steady rise in the fourth quarter (Q4) of 2018, as plant and machinery importation drop according to the latest data from the National Bureau of Statistics (NBS). Although availability of foreign exchange to local producers has aided importation of raw materials, the Manufacturers Association of Nigeria (MAN), has…

With trade in solid minerals hovering at N25.3billion in fourth quarter (Q4), 2018 representing 0.29% of total trade, stakeholders in the sector have asked for the implementation of policies that will encourage investors as well as value-addition. According to them sector has been static for some time, as government and operators in the industry do…

The record of foreign inflow into the country in 2018 at $16.81 billion, has shown that investors targeted portfolio investments, also known as “hot money”, rather than establishment of institutions and taking equity stake in already existing ones. Hot money, as it is called, is frequently transferred among financial institutions in an attempt to maximise…