Business

The Federal Government has expressed concern over the importation of metal products.The Permanent Secretary, Ministry of Mines and Steel Development, Dr Abdukadir Muazu, who spoke in Jos at a workshop organised for stakeholders in Plateau, Benue and Nasarawa States, said that the situation had led to major drain on the nation’s foreign exchange . He […]

The country earned a total of N876.09bn from Value Added Tax in the first nine months of this year, statistics released by the National Bureau of Statistics have revealed. The NBS in its VAT report which was released on Monday said the sum of N289.03bn was generated in the first quarter while N311.94bn and N275.11bn […]

The World Bank has said the number of Nigerians living in extreme poverty may increase by more than 30 million by 2030 and the country will be home to 25 per cent of the world’s destitute people if the government fails to revive economic growth and create jobs. It warned that the country could slide […]

The House of Representatives has called on the Federal Government to include gas in the Production Sharing Contract. The House particularly urged the Federal Government to review the contract terms in the Production Sharing Contract, with a view to accommodating gas terms such as the gas development agreements, cost recovery and profit sharing. Also, the […]

The National Economic Council on Thursday resolved to review the status of the ownership structure of power distribution companies in the country. The NEC meeting was presided over by Vice-President Yemi Osinbajo at the Presidential Villa, Abuja. The review will be done by an ad hoc committee chaired by the Governor of Kaduna State, Nasir […]


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