With non-oil sector of the economy still in recession by the third quarter of 2017, National Bureau of Statistics (NBS) is set to release the fourth quarter gross domestic product data and full 2017 figures on Tuesday according to its data release calendar for 2018. The economy only technically
BUSINESS
Lagos State Governor, Mr Akinwunmi Ambode, on Monday, signed the 2018 Appropriation Bill of the State into law with a total budget size of N1,046,121,181,680.00. The total budget size comprises of N347, 038, 938, 872.00 to be funded from the Consolidated Revenue Fund, and N699, 082, 242,808.00 from the Development Fund for both capital and […]
Nigeria’s energy problem will receive a much-needed boost early 2019 when the 16-megawatts power station being constructed by AshakaCem is completed. AshakaCem is a subsidiary of Lafarge Africa and a member of the LafargeHolcin Group. The 11-billion naira project began in 2017 and is expected to be completed in January 2019, the managing director of […]
The Chairman of Senate Committee on Local Content, Senator Solomon Adeola (APC, Lagos West) has called on foreign investors investing in the attractive Nigerian economy to desist from any activities that will shortchange Nigeria and Nigerians in their investment drive in the Nigeria. Making the call over the weekend when the Managing Director of SAIPEM […]
The Ogun State Government has assured that it would safeguard the oil-rich Tongeji island in Ipokia Local Government Area of the state, as the Nigerian National Petroleum Corporation (NNPC), has confirmed the discovery of petroleum and gas products in commercial quantity on the island. Governor Ibikunle Amosun, who gave the assurance, while receiving the Flag […]
The Petroleum Technology Development Fund (PTDF) said it has completed arrangements to conduct a two-day training for officials in relevant agencies under the Federal Ministry of Petroleum Resources, and other key ministries, departments and agencies (MDA’s) on the completion of OPEC Annual Questionnaire for member countries. A statement signed by PTDF’s Head, Press and
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