Economy

 The Federation Accounts Allocation Committee (FAAC) has shared N716.298 billion to the three tiers of government for the month of December 2019. The Permanent Secretary, Ministry of Finance, Budget and National Planning, Alhaji Isa…

The Nigeria Customs Service (NCS), Area II Command at  Onne Port, on Friday said that it generated N107.3 billion as revenue in 2019. The Customs Area Controller, Comptroller Galadima Saidu, said this in a statement released to newsmen…

Over 5,000 staff of the United Bank for Africa (UBA) Plc, started the new year with a lot of cheer as the bank announced its promotion to new grades as well as salary upgrades with immediate effect this January. Those who are…

The Federal Government on Monday said the nation’s economy in the outgoing year 2019 witnessed a strong performance, building on the steady recovery since the last recession. The Minister of Information and Culture, Alhaji Lai…

Banks customers on Monday commended the Central Bank of Nigeria (CBN) for its move to slash various banks charges. A cross section of customers, who spoke with News Agency of Nigeria (NAN) in Abuja on Monday, described the development…

 The Nigeria Labour Congress (NLC) in Bayelsa State on Thursday applauded the Federal Government for the border closure, saying the policy was yielding positive results in various local products, especially rice. The NLC Chairman in the…

Shareholders in Ibadan Zone on Wednesday commended the Securities and Exchange Commission (SEC) for initiating policies which had helped to reduce the huge number of unclaimed dividends in the area. Mr. Eric Akinduro, the Chairman,…

Total global debt rose by $3tn to $188tn at the end of 2018 as Nigeria, China and other countries increased their borrowings, the International Monetary Fund said on Tuesday. Nigeria’s total public debt, which stood at N21.73tn as…

The Federal Government says it has concluded plan to engage relevant stakeholders to address the persistent traffic gridlock at the nation’s ports. Rep. Victor Akinjo, Chairman, House of Representatives Committee on Privatisation and…

 Oil prices edged higher on Thursday ahead of an OPEC meeting where members are expected to agree on deeper output cuts in an effort to prop up prices and prevent a glut next year. Sources told Reuters that OPEC was seeking to increase…