July 2017 - (16)

9mobile (formally known as Etisalat) appoints Citibank and Standard Bank to find new investors for the mobile operator
2017-07-26 | The Punch
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FG to reduce tax payable to telecommunications operators in order to enable them to expand their services
2017-07-26 | The Punch
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FAAC allocates N652.2 billion to the three tiers of government in June 2017, a rise from N317.56 billion in May 2017
2017-07-26 | The Punch
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Total number of workers under the contributory pension scheme rises by 96,346 to 7.59 million workers in Q2 2017 – NBS
2017-07-26 | Thisday
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OPEC, non-OPEC members approve FG’s decision to cap Nigeria’s oil production output at 1.8 million bpd
2017-07-25 | The Punch
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Nigeria’s crude oil production dips by 150,000bpd as suspected militants vandalize Trans-Niger pipeline in Ogoniland
2017-07-25 | The Punch
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CBN recovers over N51.9 billion illegally deducted by commercial banks over the last five years
2017-07-25 | The Punch
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Nigeria’s power generation drops to 2,563.2mw as the number of idle power plants rise from 5 to 8 as at 23 July 2017
2017-07-25 | The Punch
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CBN extends guarantees to Skye Bank for another year, considers recapitalization of the Bank
2017-07-19 | The Punch
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NNPC partners with Halliburton to boost exploration efforts of commercial hydrocarbon in the inland sedimentary basins
2017-07-19 | The Punch
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FG releases N243.79 billion as the second tranche of Paris Club Refund to 36 States and the FCT
2017-07-19 | The Punch
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FIRS generates N1.78 trillion between Jan 2017 and Jul 2017, a 14% rise from N1.56 trillion in the corresponding period of the prior year
2017-07-19 | The Punch
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NCDMB to increase funds available to oil and gas operators under the Nigerian Content Intervention Fund from $100 million to $200 million
2017-07-13 | The Punch
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Courier operators oppose bill seeking to establish a Universal Postal Service Fund (UPSF) from 2.5% levy on annual turnover of operators
2017-07-13 | The Punch
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Nigeria loses $10 billion between 2010 and 2016 due to divestment of assets by IOCs
2017-07-13 | The Punch
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FEC approves N2.7 trillion payment owed to contractors, pensioners and state governments by FG over the past two decades
2017-07-13 | Thisday
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June 2017 - (16)

Active telecom subscribers dip by 2.11% from 152.47 million in Mar 2017 to 149.25 million in Apr 2017 – NCC
2017-06-14 | Businessday
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FG commences preparatory activities for the 2018 budget based on the Economic Recovery and Growth Plan
2017-06-14 | The Punch
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FG to raise $600 for solid mineral development through Nigerian Sovereign Wealth Investment Authority, NSE, others
2017-06-14 | The Punch
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Total VAT revenue generated dips to N204.7 billion in Q1 2017 from 207.35 billion in Q4 2016 – NBS
2017-06-14 | The Punch
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International Breweries Plc. to merge with Intafact Beverages Ltd and Pabod Breweries Ltd
2017-06-07 | Thisday
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Nigeria’s total exports rises to N3.01 billion in Q1 2017 from N2.98 trillion recorded in the previo
2017-06-07 | Thisday
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Acting President seeks National Assembly approval of $1.94 billion for projects in 10 states from the 2016-2018 External Borrowing Plan
2017-06-07 | The Punch
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Total number of unemployed Nigerians rises to 11.55 million as at year-end 2016 from 9.48 million in Jan. 2016 – NBS
2017-06-07 | The Punch
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Senate recommends N5/litre levy on petrol and diesel consumption as part of financing for the proposed National Roads Fund
2017-06-02 | This Day
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Transmission Company of Nigeria anounces plans to build 3 power transmission sub-stations in Kaduna State to be completed by 2019
2017-06-02 | The Punch
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Nigeria’s airport passenger traffic declines by 29.4% to 2.51 million in Q1 2017 from 3.67 million recorded in Q1 2016 – NBS
2017-06-02 | The Punch
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Senate proposes return of tolls on Federal roads, allocation of 0.5% of transport fares for rehabilitation and maintenance of roads
2017-06-02 | The Punch
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Nigeria’s aviation industry debt rises to N15 billion, multiple levies and taxes account for 65% of revenue generated by local airlines
2017-06-01 | The Guardian
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Nigeria loses over $2.5 billion to the gas flaring estimated at two billion standard cubic feet, 19% of global volume of gas flared
2017-06-01 | The Punch
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Nigeria spends N49 trillion on imports between 2000 and 2016, FG partners with May & Baker to produce local pharmaceuticals
2017-06-01 | This Day
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Gas producers reduce supplies to thermal electricity generating plants due to N200 billion owed by Gencos
2017-06-01 | The Punch
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May 2017 - (27)

FG approves 29-member committee for new N56,000 minimum wage demand by labour union
2017-05-25 | The Punch
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Nigeria’s foreign investment inflow dips to $908.27 million in Q1 2017, from $1.55 billion in Q4 2016 – NBS
2017-05-25 | The Punch
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Senate criticizes current structure of Nigeria’s power sector, plans review of the privatization process
2017-05-25 | The Punch
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FG concessions two narrow gauge rail lines to General Electric, with the multinational expected to invest over $2.2 billion
2017-05-25 | This Day
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Presidency seeks House of Reps approval for $1.28 billion and €9 million loans under the 2016-2018 External Borrowing Plan of the FG
2017-05-24 | The Punch
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Nigeria’s economy contracts by -0.52% in Q1 2017; an improvement from -1.73% in the previous quarter (Q4 2016), albeit still in recession
2017-05-24 | The Punch
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Allocations to FG, states and LGs decline by N52.07 billion from N467.8 billion in March 2017 to N415.73 billion in April 2017 – FAAC
2017-05-24 | The Punch
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Nigeria’s debt-to-GDP forecast to rise to 23.3% by year-end 2017, from 18.6% at the end of 2016 –IMF
2017-05-24 | The Punch
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FG to reduce foreign exchange allocation by 30% with domestic refining at full capacity by 2019
2017-05-19 | The Guardian
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General Electric (GE) to launch a gas turbine assembly plant in Nigeria in 2018 in an effort to meet the growing demand for gas-fired power
2017-05-19 | The Punch
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European Commission bans Med-View Airline from operating in Europe due to safety oversight by Nigerian aviation authorities
2017-05-19 | The Punch
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FG directs all relevant MDAs operating in nation’s airports and seaports to harmonize their operations into a single interface station
2017-05-19 | The Punch
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Dangote Sugar Refinery to invest 450 million in sugar production in Niger State
2017-05-08 | This Day
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Nigeria lost N523 billion to gas-flaring in two years
2017-05-08 | The Guardian
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Nigeria Stock Exchange gains N156 billion on renewed investor sentiment
2017-05-08 | The Punch
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Federal Government considers options for the privatisation of Ajaokuta Steel Company
2017-05-08 | The Punch
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Bank of Industry approves N300 million for the creative industry
2017-05-08 | The Punch
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World Bank to assist Nigeria strengthen audit process
2017-05-05 | The Punch
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Global crude oil price sinks to five-month low of $48
2017-05-05 | The Punch
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Federal Government refineries to get new investors in September
2017-05-05 | The Guardian
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Federal Government appoints Lufthansa and five other advisers on the establishment of the national carrier
2017-05-05 | This Day
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Nigeria imports $100 million sugar annually
2017-05-05 | Vanguard
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Nigeria, World Bank inch closer to sealing deal on Electricity Recovery Plan
2017-05-02 | This Day
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Fertilizer plants to produce one Million tonnes to boost farming
2017-05-02 | This Day
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Despite recession, Nigeria’s banking sector loans to customers rise to N16.372trn
2017-05-02 | This Day
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Dwindling cargo volume grounds ports’ operations
2017-05-02 | The Guardian
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NLNG exports 4,000th LNG cargo
2017-05-02 | The Punch
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April 2017 - (30)

Banks begin five per cent contributions to SMEs
2017-04-28 | The Guardian
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States’ total domestic debt stood at N2.9 trillion in December 2016
2017-04-28 | This Day
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NCC gives service providers ultimatum to quit wireless frequency
2017-04-28 | The Punch
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Naira closes at 390N/$ post-auction of $100 million by the Central Bank of Nigeria
2017-04-28 | The Punch
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Nigeria Extractive Industries Transparency Initiative (NEITI) commences audit for 2015 and 2016
2017-04-28 | The Punch
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Federal Government seeks $5.85 billion from China for railway projects
2017-04-27 | The Punch
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Nigeria loses $235 billion worth of investment on the back of failure to reform Oil & Gas industry
2017-04-27 | The Punch
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$72m yearly potential earnings from shea nuts production untapped
2017-04-27 | The Guardian
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CBN auctions $186 million through retail secondary market intervention sales
2017-04-27 | This Day
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Listed banks paid a total of S58;131 billion as company income tax for the financial year ended December 31 2016
2017-04-26 | This Day
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Nigeria’s external reserves reach $31 billion
2017-04-26 | This Day
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State Governments to get 13% derivation from mining revenue
2017-04-26 | The Punch
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Shell reopens 225,000 bpd Bonga Field following maintenance
2017-04-26 | This Day
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Federal, State and Local Governments receive allocation of S58;467 billion for the month of March
2017-04-26 | This Day
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Federal Government has commenced initiatives to revive mining at Enugu coal mines
2017-04-25 | The Punch
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Federal Government yet to release S58;100 billion subsidy to power firms
2017-04-25 | The Punch
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Federal Government votes $190 million for the implementation of the United Nations Environment Programme on Ogoniland
2017-04-24 | This Day
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Nigeria in line to benefit from series of multilateral initiatives brokered by the World Bank, IFC and leaders of top multilateral banks
2017-04-24 | The Guardian
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CBN to maintain recent measures to stabilise foreign exchange market
2017-04-24 | The Punch
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Telecommunications firms lose S58;156.3 billion monthly to dormant lines
2017-04-24 | The Punch
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IMF states that Nigeria’s revenue cannot sustain interest payment on debt
2017-04-20 | The Punch
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NLNG revenue hits seven-year low amid oil slump
2017-04-20 | The Punch
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A number of banks fall below capital adequacy minimum requirement
2017-04-20 | The Guardian
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CBN Intervenes with 100 million USD in the FOREX Market
2017-04-20 | This Day
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IMF Endorses Nigeria’s Economic Recovery Plan
2017-04-20 | This Day
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Fuel prices rise by over 50.39 per cent in one year
2017-04-18 | The Guardian
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Nigeria loses Africa’s top oil producer position to Angola
2017-04-18 | The Guardian
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Commercial Banks Reap Big from Increased Savings Deposit Mobilisation, Post TSA
2017-04-18 | This Day
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Power firms oppose plan to centralise revenue accounts
2017-04-18 | The Punch
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CBN introduces ‘Form X’ for SMEs
2017-04-18 | The Punch
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March 2017 - (24)

Nigeria’s non-oil exports to the United States, under the African Growth and Opportunity Act policy, declines by 23% to $1.141m in 2016
2017-03-27 | The Punch
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Nigeria spends $1.6 billion between 2012 and 2016 on debt servicing – DMO
2017-03-27 | The Punch
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AMCON transfers ownership of Keystone Bank Limited to new investors, the Sigma Golf-Riverbank consortium
2017-03-27 | This Day
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Ministry of Aviation plans construction of second runway at Abuja Airport by 2019, seeks approval from Federal Executive Council
2017-03-22 | The Punch
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Total number of bank customers captured under the Bank Verification Number (BVN) exercise rises to 51.7 million in Feb 2017
2017-03-22 | This Day
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First Nations Airlines suspends operations for the 2nd time in six months due to reduced traffic following Abuja airport closure
2017-03-22 | This Day
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Monetary Policy Committee of CBN retains MPC rate at 14%, other monetary parameters unchanged
2017-03-22 | The Punch
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FG’s capital releases to Federal Ministries, Departments and Agencies (MDAs) for the 2016 budget reaches N1 trillion
2017-03-17 | The Punch
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Lagos State internally generated revenue (IGR) rises to N301.99 billion in 2016 from N268.2 billion recorded in 2015 – NEITI
2017-03-16 | This Day
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CBN, NCC to meet with Etisalat, creditors to discuss the restructure of the carrier’s payment plan
2017-03-16 | This Day
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FG to declare telecoms facilities across the country as critical national infrastructure
2017-03-16 | The Punch
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Nigeria’s active oil rigs rise to 26 in Feb. 2017 from 23 in Dec. 2016, oil production dips to 1.52 million bpd – OPEC
2017-03-16 | The Punch
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Nigerian Customs Service (NCS) suspends implementation of the payment of import duty on old vehicles
2017-03-15 | The Punch
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Brent Crude falls to 3-month low of $50.46 per barrel as OPEC production rises
2017-03-15 | This Day
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FG plans sale of Ajaokuta Steel Complex after successfully ending concession agreement with Indian firm, Global Steel Holdings
2017-03-15 | The Punch
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Nigeria’s inflation rate declines for the first time in 15 months to 17.78% in Feb 2017 from 18.72% in the prior month
2017-03-15 | The Punch
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Nigeria’s debt servicing rises to N1.23 trillion in 2016 from N1.02 trillion recorded in the prior year – DMO
2017-03-13 | The Punch
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NSE loses N24.08 billion in 2016 from delisting of G. Cappa Plc, International Breweries Plc, Premier Breweries Plc, Others
2017-03-13 | The Punch
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CBN, NCC intervene in Etisalat’s loan default crisis, transfer of ownership to creditors halted
2017-03-13 | The Punch
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FG yet to implement 18% pension contributions as revised by the Pension Reform Act 2014 – Pencom
2017-03-13 | The Punch
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FG to raise tax on luxury items from 5% to 15% in 2018, targets N350 billion from CIT and VAT
2017-03-08 | The Punch
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FIRS generates N27.1 billion since the introduction of tax waiver on penalty and interest programme, registers 814,000 new taxpayers
2017-03-08 | This Day
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FG, China to finalize negotiations on the Lagos-Calabar rail project estimated at $11.12 billion in June
2017-03-08 | This Day
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FG to reduce its stake in Joint Venture oil assets, refineries and other downstream subsidiaries by 2020
2017-03-08 | The Punch
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February 2017 - (28)

FG to issue Nigeria’s first Green Bond by the end of Q1 2017, aims to address environmental concerns within the country
2017-02-23 | This Day
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Naira rises to N501/$1 from N525/$1 recorded 2 days prior on the parallel market as CBN eases FX restrictions
2017-02-23 | This Day
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Acting President seeks National Assembly approval for $500 billion Eurobond to fund the 2016 budget
2017-02-23 | The Punch
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Nigeria loses N217 billion in 2016 as oil and gas companies flare 244.84 billion scf of natural gas – NNPC
2017-02-23 | The Punch
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Naira dips further to N520/$1 on the parallel market amid scarcity of foreign currency
2017-02-21 | The Punch
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CBN orders all banks to open foreign exchange kiosks at major airports and approved outlets to ease scarcity
2017-02-21 | The Guardian
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Lagos State commences rent-to-own housing scheme to curb 2.5 million housing deficit in the State
2017-02-21 | This Day
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Power generation rises to 4,302.1 mw with the functionality of 16 power turbines of Transcorp, Omotosho I and Olorunsogo restored
2017-02-21 | The Punch
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NCC commences review process for mobile voice termination costs for Telcos, appoints PwC to conduct impact assessment
2017-02-16 | This Day
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Power generation rises to 4,043 mw from 3,528 mw on 1 Feb 2017 as gas supply to Gencos improve – TCN
2017-02-16 | This Day
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Nigeria’s oil production rises to 2.0 million barrels per day (bpd) from 1.8 million bpd in December 2016
2017-02-16 | The Punch
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Nigeria’ inflation continues upwards trajectory, rising to 18.72% in Jan. 2017 from 18.55% in Dec. 206 – NBS
2017-02-16 | This Day
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FG closes over 20,000 accounts belonging to MDAs, N5.24 trillion moved into TSA since Sept. 2015
2017-02-15 | The Punch
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FG commences disbursement of interest-free loans under the social intervention programme executed by BOI
2017-02-15 | This Day
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Nigeria loses an estimated $100 billion in revenue in 2016 attributable to militant attacks in the Niger-Delta region
2017-02-15 | The Punch
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FG to float savings bond before the end of Q1 2017 to deepen national savings culture and diversify funding sources
2017-02-15 | This Day
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FG secures $1 billion from Shell to develop the Niger-Delta region over the next five years
2017-02-14 | This Day
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Nigeria’s external reserves rise by 20% from $24.0 billion in Nov. 2016 to $28.7 billion as at 9 Feb 2017
2017-02-14 | The Punch
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KPMG appointed to conduct forensic and diagnostic audit of Arik Air to determine the true status of the carrier’s finances
2017-02-14 | This Day
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FG plans to generate $16.4 billion (N5 trillion) from sale of assets over the next four years to reduce the burden on the public budget
2017-02-14 | The Punch
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Nigeria’s power generation drops to 3,730.5 mw from peak of 4,160 mw recorded on 1 Jan 2017
2017-02-09 | The Punch
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RMAFC endorses new national tax policy announced by the FG shore to boost revenue
2017-02-09 | This Day
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National Assembly approves FG’s $1 billion Eurobond sale to finance the country’s budget deficit
2017-02-09 | This Day
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FG approves increase in tariffs for importation of tomato paste, introduces tax holidays and incentives for local production
2017-02-09 | Business Day
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House of Representatives queries N2.74 trillion power sector expenditure between 1999 and 2015
2017-02-08 | The Punch
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Power sector investors call for settlement of N50 billion debt, review of current tariff structure
2017-02-08 | This Day
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FG to invest $50 billion towards the development of a domestic biofuel industry as an alternative energy source for Nigeria
2017-02-08 | This Day
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CBN’s monthly supply of foreign currency falls to $700 million from $3 billion in 2013 and 2014
2017-02-08 | The Punch
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January 2017 - (27)

Export-Import Bank of China approves $1.27 billion loan for construction of the Lagos-Ibadan standard gauge rail line
2017-01-30 | The Punch
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China becomes Nigeria’s leading source of imports with $1.6 billion in Q3 2016, representing 20% of total imports –NBS
2017-01-30 | This Day
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PENGASSAN reject proposed plans by the National Assembly to amend the NLNG Fiscal Incentives, Guarantees and Assurances Act
2017-01-30 | The Punch
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CBN probes commercial banks over inaccurate data on foreign exchange (FX) utilization returns which had been erroneously published
2017-01-30 | This Day
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CBN to conduct special currency auction to clear a backlog of dollar obligations of Nigerian businesses
2017-01-26 | This Day
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FG orders immediate payment of N150 billion Petroleum Equalisation Fund (PEF) owed to oil marketers in the country
2017-01-26 | This Day
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Guinness Nigeria Plc receives shareholder approval to raise a N40 billion through rights issue to the existing shareholders
2017-01-26 | The Guardian
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Nigeria Sovereign Investment Authority (NSIA) finalizing arrangements to take over Nigeria Commodity Exchange (NCX) in April 2017
2017-01-26 | Business Day
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General Electric plans investment in Nigeria’s 3 refineries as well as selected power projects
2017-01-25 | The Punch
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Nigeria’s teledensity rises to 110.38% in Dec. 2016 from 108.11% recorded in the prior year
2017-01-25 | The Guardian
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Nigeria’s foreign reserves rise to $28.9 billion, CBN maintains MPR at 14%
2017-01-25 | This Day
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FG begins evaluation of bids submitted by GE, 4 others for the concession of Lagos-Kano and Port Harcourt-Maiduguri railway lines
2017-01-25 | This Day
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Nigeria’s volume of PMS imports drop from 14 billion litres in 2015 to 4.89 billion litres in 2016 – NBS
2017-01-24 | The Guardian
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FG loses N1.2 trillion tax revenue over the last 8 years due to the lingering pricing dispute with the International Oil Companies
2017-01-24 | The Guardian
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NUPENG, PENGASSAN oppose plans by FG to review pricing template of premium motor spirit (PMS)
2017-01-24 | The Guardian
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FG releases N72 billion counterpart funding for the construction of Lagos-Ibadan railway modernization project
2017-01-24 | This Day
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International airlines give conditions for temporarily moving operations to Kaduna as Abuja international airport closes for repairs in Mar.
2017-01-18 | The Punch
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Nigeria’s crude oil sales proceeds rises to $96.3 million in Nov. 2016 from $21.4 million in the prior month – NNPC
2017-01-18 | The Punch
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Nigeria’s external reserves rise to $27.2 billion, 5.3% higher than $25.8 billion recorded at year-end 2016
2017-01-18 | This Day
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FG seeks license from CBN for the issuance of an operational license for the Development Bank of Nigeria to commence operations
2017-01-13 | The Punch
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FG appoint transaction advisers for proposed new national carrier as procurement process advances
2017-01-13 | The Punch
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CBN to grant licenses to additional international money transfer operators in an effort to boost the supply of foreign exchange
2017-01-13 | Businessday, page 7
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CBN reaffirms stance on maintaining current exchange rate level, no plans to devalue Naira in the short term
2017-01-13 | The Punch
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NNPC emerges as largest importer of petroleum accounting for 90% of total importation – DAPPMA
2017-01-10 | This Day
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Independent oil marketers owe Nigerian banks $1 billion, importation of petroleum products hindered
2017-01-10 | The Punch
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Senate announces plans to pass the 2017 - 2019 MTEF and Fiscal Strategy Paper on 12 Jan. 2017 in preparation for the 2017 budget
2017-01-10 | This Day
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Nigeria reclaims position as Africa’s top oil producer with 1.78 million bpd in November against Angola’s 1.68 million bpd
2017-01-10 | This Day
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December 2016 - (20)

Airfares rise by 100 per cent as workers shut Arik
2016-12-21 | The Guardian
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21 Stocks decline as market capitalisation sheds N15bn
2016-12-21 | The Punch
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CBN will eliminate official, black market exchange rate gap
2016-12-21 | The Punch
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Oil rebound strengthens surge in FAAC revenue in Q3 2016
2016-12-21 | Business Day
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AMCON 2.0 will cost Nigeria N1.7 trillion
2016-12-21 | Business Day
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Nigeria spends N793 billion annually on the importation of ICT equipment – NITDA
2016-12-15 | Thisday
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The Nigerian Petroleum Development Company (NPDC) loses N1.5 trillion from January 2016 till date due to incessant attacks on facilities – N
2016-12-15 | The Punch
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FG recovers N1.4 billion from unremitted operating surpluses of government agencies between 2010 and 2015
2016-12-15 | Thisday
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President Buhari presents N7.3 trillion 2017 budget to National Assembly, plans to service debt with N1.66 trillion
2016-12-15 | The Punch
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CBN considers licensing Telcos to provide mobile money services in an effort to drive its National Financial Inclusion Strategy
2016-12-09 | Businesday
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FG gives aviation operators 1 Jan 2017 deadline to automate payment charges to regulatory agencies
2016-12-09 | Thisday
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India to increase crude oil imports from Nigeria to 11 million mt in 2017 from 9 million mt in 2016
2016-12-09 | Thisday
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NERC fines TCN N47.6 million for various regulatory breaches, including failure to submit audited financials in 2013 and 2014 (The Punch)
2016-12-09 | The Punch
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FG to capitalize Bank of Agriculture with N1 trillion, targets 25 million farmers
2016-12-08 | thisdaylive
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FG targets 7% economic growth between 2017 and 2020 through National Economic Recovery Growth Plan
2016-12-08 | The Punch
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House of Representatives summon NNPC, 19 oil & gas operators over $17 billion undeclared exports between 2011 and 2014
2016-12-08 | The Punch
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FG to probe commercial banks over collection of stamp duty fees on customer deposits
2016-12-01 | The Punch
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Federal Executive Council (FEC) approves 2017 Appropriation Bill
2016-12-01 | Thisday
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OPEC agrees to first production cut in eight years after months of negotiations, oil prices rise to $50/barrel
2016-12-01 | Thisday
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NCC suspends directive on data tariff increase following consultation with industry stakeholders
2016-12-01 | The Punch
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November 2016 - (28)

FG to hire foreign consultants to monitor the budgets and financial records of ministries, departments and agencies (MDAs)
2016-11-29 | The Guardian
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Mobile internet subscription rises to 93.5 million in Sept 2016 from 57.8 million recorded in Oct. 2013
2016-11-29 | The Punch
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Nigeria loses over 130 million barrels of crude oil between Jan. 2016 and Nov. 2016 due to activities of militant groups
2016-11-29 | Thisday
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MTN meets with SEC on initial public offering (IPO) of shares on NSE, seeks concessions to fast-track listing
2016-11-29 | Thisday
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Telecoms sector contributes N1.398 trillion to Nigeria’s GDP in Q3 216, lower than N1.5 trillion recorded in the previous quarter – NCC
2016-11-28 | Thisday
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Naira depreciates by an estimated 85% over the last two years – CBN
2016-11-28 | The Punch
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Nigeria’s non-oil revenues threatened as profitability of 91 listed companies dips by 24% in Q3 2016 from the corresponding period in 2015
2016-11-28 | Businessday
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Nigeria may suffer revenue shortfall with crude oil loading output of 1.6 mbpd for Jan. 2017, below the 2.2 mbpd target in 2017 budget
2016-11-28 | Businessday
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World Bank’s support for Nigeria’s agriculture sector hits $400 million, commits additional $200 million for livestock development
2016-11-16 | The Guardian
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FG to recover unremitted operating surpluses totaling N450 billion from CBN, PTDF, NAFDAC, SEC, other agencies
2016-11-16 | The Punch
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Nigeria’s annual demand for automobiles (new and used) dips by 37.5% from 400,000 to 250,000 – NADDC
2016-11-16 | The Punch
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FG owes over $8.5 billion (N2.6 trillion) in cash call arrears to oil companies, mulls exit of joint venture system
2016-11-16 | The Punch
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FG spends N750 billion on capital projects between Jun 2016 and Nov 2016 in an effort to reflate the economy
2016-11-14 | The Punch
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Capital importation into Nigeria’s oil and gas sector declines to $172 million (N78 billion) in Q3 2016 from $200 million (N90 billion) in Q
2016-11-14 | The Guardian
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FG to refund N20 billion to state governments for funds spent on federal projects in their respective states
2016-11-14 | This Day
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Inflation rises to 18.3% in October from 17.9% in the prior month, following rising housing, utility and transport costs – NBS
2016-11-14 | The Punch
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DSS operatives raid registered, unregistered BDC operators in Lagos and Abuja for selling foreign currencies above stipulated rates
2016-11-11 | The Punch
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Value of wheat importation in Nigeria stands at $660 million between Jan. 2016 and Sept. 2016 –US Dept. of Agriculture
2016-11-11 | The Punch
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Senate returns Medium-Term Economic Framework and External borrowing plan documents to Executive, citing inconsistencies
2016-11-11 | This Day
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President Buhari to launch National Economic Reconstruction and Growth Plan to guide FG in repositioning economy following recession
2016-11-11 | The Punch
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FG reaches settlement to resolve dispute with IOCs with $5 billion payment to cover exploration and production costs
2016-11-09 | The Punch
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Senate begins probe into the concession of the eastern and western rail lines to General Electric without following due process
2016-11-09 | The Punch
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CBN eases foreign exchange pressure on manufacturing and agricultural businesses with release of $600 million
2016-11-09 | The Guardian
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Skye Bank to sell business interests in Gambia, Guinea and Sierra Leone to ease pressure on capital, expected to relinquish international li
2016-11-09 | This Day
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Domestic airline operators appeal to CBN for $50million grant from the foreign exchange (forex) special intervention programme
2016-11-02 | The Guardian
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Total cost of fueling generators by households and businesses in Nigeria expected to rise to N5 trillion by 2017
2016-11-02 | This Day
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Senate rejects Presidency’s $29.96bn external borrowing plan due to lack of adequate information and perceived inconsistencies
2016-11-02 | The Punch
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Indigenous tomato paste manufacturer, Erisco Foods, shuts down $150 billion plant; announces move to China due to lack of FG support
2016-11-02 | The Punch
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October 2016 - (20)

FG targets 60% reduction in importation of petroleum products by 2018 following reforms embarked upon
2016-10-25 | The Punch
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CBN suspends MTN’s dividend payout amidst claims of $13.97 illegal repatriation of funds
2016-10-25 | The Guardian
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FAAC allocations dip by 31% from N2.89 trillion in H1 2015 to N2.01 trillion in H1 2016 – NEITI
2016-10-25 | The Punch
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Annual production capacity of Nigerian vehicle assembly plants dips by 97% from 500,000 to 15,000
2016-10-25 | The Punch
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FG to raise N1 trillion from private sector, local and international investors for affordable housing scheme
2016-10-12 | The Punch
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Senate to pass 11 bills before 31 Dec. 2016 aimed at tackling the country’s economic recession
2016-10-12 | Businessday
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FG to provide logistics and technical assistance to state governments in their bid to invest in the development of the mining sector
2016-10-12 | Businessday
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Naira appreciates to N468/$1 on the parallel market, remains unchanged at the interbank FX market at N304.75/$1
2016-10-12 | This Day
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Nigeria’s total debt stock rises to N16.3 trillion as at June 2016, debt servicing stood at N1.17 trillion on the same date
2016-10-11 | The Punch
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MTN Nigeria commences 4G broadband mobile services, deploying 2.6GHz frequency recently acquired from NCC at a cost of $84 Million
2016-10-11 | The Punch
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FG to inject N350 billion into the Nigerian economy to cushion the effects of the recession
2016-10-11 | This Day
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Brent Crude price rises to $53.73, highest since Oct. 2015, as Russia announces plans to join OPEC in curbing output
2016-10-11 | The Punch
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World Bank to release $1.3 billion for commencement of Development Bank of Nigeria (DBN)
2016-10-10 | This Day
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Nigeria’s power generation dips to 3,402 MW as Olorunsogo (Ogun State) and Trans-Amadi (Rivers State) power plants shut down
2016-10-10 | The Punch
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Total number of active GSM subscribers rises to 152 million in September 2016, internet penetration stands at 97 million – NCC
2016-10-10 | This Day
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Ministry of Solid Minerals Development in talks with NSIA for $500 million investment fund to support long term development of mining sector
2016-10-10 | This Day
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FG accuses SPDC of under-declaring crude oil shipments in 2013 and 2014, demands $406 million
2016-10-05 | This Day
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GSK Nigeria completes divestment of drinks bottling and distribution business to Suntory Beverage & Food Nigeria Ltd
2016-10-05 | This Day
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IMF cuts Nigeria’s economic growth forecast to 0.6% in 2017 due to low oil prices, policy uncertainty and weak investor confidence
2016-10-05 | The Punch
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• FG plans N6.8 trillion as budget for 2017, 13.3% higher than N6.0 trillion budgeted in 2016
2016-10-05 | The Punch
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