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Oil

Court to resume hearing of Nigeria govt’s $406.8m oil debt suit

A Federal High Court in Lagos will on Jan. 23, 2018, resume hearing of a $406.8 million suit instituted by the Federal Government against...

Nigeria economy expands 1.4% in third quarter

Nigeria’s economy expanded in the third quarter 2017, as oil production output increased. The gross domestic product of Africa’s largest crude producer expanded 1.4 percent...
toll

FG Recovers $64.6m Electricity Debt From International Customers

Nigeria's Minster of Power, Works and Housing, Babatunde Fashola announced Monday that the country's central Government had recovered 64.6 million dollars electricity debt from...

Buhari’s visit to Turkey attracts 23 companies

President Muhammadu Buhari’s recent visit to Turkey is said to boost bilateral trade as 23 Turkish electrical manufacturing companies will visit Nigeria this week...

FG canvasses investors’ support for truck parks, inland dry ports

The Nigerian government has initiated a move to woo private investors to invest in the Inland Dry Ports (IDP) and the proposed Truck Transit...
VAT

Nigeria’s reserves rise $1.1bn as I&E window sees $677.7m inflow

Nigeria's external reserves have in one month accrued $1.12 billion on the back of the rally in oil prices and re-balancing of the Federal...

Nigeria’s debt rises by $4.33bn in 2 yrs, hot $15.05 bn in 2017- NBS

Nigeria's total debt rose by $4.33 billion in two years to hit $15.05 billion in 2017. This was disclosed in the foreign and domestic debt...

Onyeama woos US investors, says more investment returns are abound in Nigeria

Geoffrey Onyeama, Nigeria's minister of foreign affairs, said investors from the United States will get a higher return on investment from the country than...

Nigeria cocoa output bounce back in 2017/18

The president of Cocoa Association in Nigeria, said Thursday that the country should see a bumper cocoa harvest in the coming season as late rains...

APC tables 12-point agenda to Nigerians on restructuring, consults 2005 political reforms conference report

The ruling All Progressives Congress (APC) Committee on True Federalism has tabled twelve issues for discussion during the public hearings on restructuring scheduled to...