Flour Mills of Nigeria said it will seek shareholders’ approval to acquire a controlling stake in privately-held food manufacturer Rom Oil Mills, as it looks to...
By Omoh Gabriel The Bureau of Public Enterprises yesterday said that 54 potential investors have submitted bid for the 11 distribution companies about to be privatized....
The World Bank has decried rising food prices saying it is ready to help governments respond to a broad-based run-up in grain prices that has again...
By Omoh Gabriel Nigeria Extractive Industry Transparency Initiative has disclosed that from its audit report between 2006 and 2008 the Nigerian National Petroleum Corporation received $3.789...
The Presidential Committee on Verification and Reconciliation of Fuel Subsidy Payments submitted its final report to President Goodluck Jonathan on Tuesday in Abuja. It recommended that...
The Economic and Financial Crimes Commission (EFCC) will on Wednesday in Lagos arraign some oil marketers and their companies for their alleged complicity in the fuel...
Nigeria’s external trade balance improved to 10.67 billion dollars (N16.63 trillion) in the first quarter of 2012, from the 8.44 billion dollars (N13.5 trillion) it recorded...
Minister of Finance and coordinator of the Economy, Dr Ngozi Okonjo-Iweala, says Nigeria loses more than N2 trillion annually to capital flight following inability of indigenous...
The Federal Inland Revenue Service (FIRS) Nigeria has generated through taxation N2.43 trillion in the first half of 2012. This collection represents an increase in the...
The nation’s inflation rate inched by 0.2 from the 12.7 per cent in May to 12.9 in June, according to latest figure released by the National...
The U.S. Senate Finance Committee voted on Wednesday to renew an expiring trade benefit that has helped create hundreds of thousands of jobs in the African...
Federal Government of government said on Wednesday it had signed a $1.49 billion contract with state-owned China Civil Engineering Construction Corp (CCECC) to build a railway...
The Raw Materials Research and Development Council (RMRDC) and a team of researchers have produced automotive brake pad and linings using palm kernel shell. Director General...
Lagos Chamber of Commerce and Industry (LCCI) has said that the slow pace of clearing goods at the nation’s seaports was militating against maritime trade. Mr...
The Nigeria Steering Committee on Pan Africa Competitiveness Forum (PACF) on Monday sought for partnership with the Africa Development Bank (AfDB) to promote Made-in-Nigeria goods. This...