President Muhammadu Buhari has appointed Doctor Doyin Salami as his Chief Economic Adviser. The Special Adviser to the President on Media and Publicity, Femi Adesina disclosed this in a statement. Adesina also disclosed that the new Chief Economic Adviser is expected to address all issues on the domestic economy and present views on them to the President…
The Federal Government has revealed that about five-billion-dollar worth of gold was smuggled out of Nigeria between 2012 and 2018. This was made known by the Minister of Mines and Steel Development, UCHECHUKWU OGAH, when he led a delegation of the Presidential Artisanal Gold Mining Development Initiative on a visit to the State House in Abuja. Also…
The Chartered Institute of Taxation of Nigeria has urged the Federal government not to overlook the impact new taxes will have on businesses. The CITN President, Adesina Adedayo, said this during the induction ceremony of the institute in Lagos. Adedayo said government must avoid the urge to introduce taxes with the intention of raising revenues while neglecting…
The Federal Government has said that it expects Nigeria’s Gross Domestic Product per capita to rise to three thousand, seven hundred and six dollars by 2025. This represents about sixty-one per cent projected growth from the two thousand three hundred GDP per capita growth forecast for 2021. The Minister of Industry, Trade and Investments, Niyi Adebayo, had…
Crude oil production in Nigeria has increased by about two-point-six million barrels in the month of November this year. The Organisation of Petroleum Exporting Countries announced that Nigeria’s crude oil production rose by eighty-five thousand barrels to one million, four hundred and twenty-thousand barrels per day. The figure is against one million, three hundred and thirty-five thousand…
The Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, has announced that the NNPC is increasing the supply of Liquefied Petroleum Gas, popularly called cooking gas, in a bid to force down its price. Kyari, who announced this at the inauguration of a one hundred and twenty-metric tonnes LPG storage and bottling plant…