Presidency may sign 2017 budget into law this week
Niyi Jacobs
June 9, 2017
Nigeria’s presidency is expected to sign the 2017 budget into law next week, Yakubu Dogara, speaker House of Representatives, and two presidency sources said on Friday. The record N7.44 trillion budget passed by parliament on May 11, 2017 was larger than the N7.298 trillion draft spending plan submitted by President Mohammadu Buhari in December. Nigerians expects much […]
No hike in fuel price, PPPRA confirms
Businessam StaffJune 6, 2017
The Federal Government on Tuesday urged Nigerians to ignore speculations making the rounds that it was planning to raise the pump price of petrol by N5. Petrol price currently stands at N145 per litre in all filling stations across the country. At the inception of the present administration, the price was adjusted from N86.50 per […]
Nigeria’s senate seeks N5 tax on a litre of petrol
Businessam StaffJune 1, 2017
A Senate panel Thursday recommended a five-naira tax on any litre of petroleum products purchased by Nigerians to fund the proposed National Roads Fund. The tax, which is contained in a bill entitled “National Roads Bill”, will compel motorists to pay N5 on each litre of petrol and diesel purchased. By implication, the bill will […]
U.S gov’t partners Lagos state on ports administration
Businessam StaffJune 1, 2017
The United States of America Government on Thursday indicated its readiness to facilitate and develop trade, investment, commercial ties and technical exchange with the Lagos State Government. Audrey Edmonson, the Commissioner, Miami-Dade County of Florida, made this known in Lagos. Edmonson spoke when she led the U.S Trade Facilitation Group on a courtesy visit to […]
FG to set up vaccines joint venture with May & Baker
Businessam StaffMay 31, 2017
Nigeria’s cabinet approved on Wednesday a plan to set up a joint venture with pharmaceutical firm May & Baker Nigeria Plc to produce vaccines, the health minister said. The company will have an initial capital of 100 million naira ($328,515). Shares in May & Baker rose nearly 5 percent on the Nigerian bourse after the […]
Biafra prospect rising on lack of fair, just and unbiased leadership -Survey
Businessam StaffMay 26, 2017
An SBM Intelligence survey has revealed that unfair leadership, perception of marginalization, as well as restriction of economic choices may have fuelled the current secessionist agitation for the state of Biafra. The survey reveals that 31.3 percent of respondents see marginalization as the main reason the idea of Biafra appeals to them, while 25.4 percent […]
Nigeria will exit recession stronger, bigger, Osinbajo assures
Businessam StaffMay 26, 2017
Acting President, Prof. Yemi Osinbajo, on Thursday assured investors that the country would come out of economic recession stronger and bigger than before, with its Economic Recovery and Growth Plan (ERGP) policy. The acting president gave the assurance at the Presidential Policy Dialogue Session, organised by Lagos Chamber of Commerce and Industry (LCCI) in Lagos. […]
Automation of land, tax, justice administrations underway in Lagos – AMBODE
Businessam StaffMay 25, 2017
Akinwunmi Ambode, Lagos State governor, on Thursday revealed strategies being adopted towards moving the state from mega city to smart city, just as he said that his administration has put in place policy framework for a technology-driven land administration and mapping, tax administration and justice administration. In a release signed by Habib Aruna, his chief […]
Gov. Obaseki shuts down Edo Line, relocates workers to Ministry of transport (Video)
Businessam StaffMay 25, 2017
Nigeria’s Senate passes oil governance bill – Senate
Businessam StaffMay 25, 2017
Nigeria’s Senate passed a long-awaited oil governance bill following its third and final reading, it said on its official Twitter feed on Thursday. The Petroleum Industry Governance Bill is part of proposed reforms that make up the sprawling Petroleum Industry Bill (PIB), aimed at overhauling the OPEC member’s energy industry. The PIB, which has been […]