President Goodluck Jonathan is seeking an amendment to the 2012 national budget saying the request is based on the increase in the oil benchmark from U.S.$70 to U.S.$72 per barrel. Read more »
The Senate Committee on Aviation has directed all foreign airlines to pay back the five percent fuel surcharge added to the price of air tickets. Read more »
Cabinet approved new statutory minimum wages, based on the proposal submitted by the labour consultative commission, trade unions and the employers' associations. Read more »
Additional levies on imports and exports of the lucrative cash crop could see the demise of an industry that has sustained the country for decades warns industry players. Read more »
Nigeria's Finance Minister Ngozi Okonjo-Iweala has thanked Africa for "displaying great unity" in supporting her World Bank candidacy and has called for greater transparency in the ... Read more »
While many challenges face the country as it seeks to improve the living standards of its citizens, government is planning to grow its economy by developing 800 industries before ... Read more »
Finance Minister Ngozi Okonjo-Iweala says the economy remains robust and when properly managed would yield a growth rate that would place it on a high. Read more »
The government-backed project has yielded excellent results in the country and has enabled rural farmers to contribute to food security in Niger and Ghana. Read more »
Countries across the continent are losing billions of dollars every year due to high trade barriers says a recent World Bank report. Read more »
Co-ordinating Minister for the Economy and Minister of Finance, Ngozi Okonjo-Iweala, says the country's excess crude account is in trouble with only U.S.$3.6 Billion in the fund, a ... Read more »
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