Investment inflow into Nigeria drops by N2.3tn:
The Nigerian economy recorded a total decline of $11.68bn (N2.3tn) in investment inflow in the last three years, investigations have revealed.
Oil workers kick against NNPC’s unbundling:
Oil workers under the aegis of the Nigeria Union of Petroleum and Natural Gas Workers have expressed reservations about the plan to unbundle the Nigerian National Petroleum Corporation into 30 companies without following due process.
Refineries record first profit in 12 months:
Nigeria’s three refineries, for the first time since February 2015, were able to make profit at the close of business in January this year, latest figures from the financial and operations report of the Nigerian National Petroleum Corporation have shown.
Online forex trading indicators:
There are three sets of traders which are fundamental, technical or a combination of both. They rely on indicators to determine their trading decisions. Hence, trading indicators are classified into two; economic and technical.
Infrastructure: Why FG, other investors can’t access N5.3 trn pension fund:
Having been in operation for over eleven years, investors are still unable to access the accumulated pension fund which is in excess of N5.3 trillion due to inability to meet criteria in the investment guidelines.
New CBN study discredits inflation targeting model for economic devt :
A new report by the monetary policy department of the Central Bank of Nigeria, CBN, has indicated that a full-fledged inflation targeting framework may not be very relevant in the prevailing economic dispensation, popularly called the new normal, as it may not address the exchange rate and foreign reserves variability, economic growth as well as employment objectives of the Nigerian economy.
Alleged $642.5m Debt: Trafigura Says It Has No Tax Obligation in Nigeria:
Trafigura Beheer BV (TBBV), a company legally incorporated and resident in the Netherlands, has refuted the claim by the Federal Inland Revenue Service (FIRS) that the Amsterdam-based company owes the federal government $642.5 million in taxes from the crude oil swap deal worth $24billion.
FG Proposes N39.41bn for Vehicles in 2016 Budget:
The controversies trailing the 2016 budget resurfaced yesterday as it was discovered that the federal government budgeted a whopping N39.41 billion only for the purchase of cars in this fiscal year.
Dearth of infrastructure threatens 20,000Mw projection:
Dearth of infrastructure will affect Nigeria’s projection of hitting 20 megawatts (Mw) of electricity generation, the Chief Executive Officer, Enugu Electricity Distribution Company (EDEC), Rob Dickerman, has said.
Dangote Sugar secures global food safety certification:
Dangote Sugar Refinery Plc has obtained the Food Safety Systems (FSSC 22000) Certification).