Economy

By Tony Obiechina After a marathon meeting in Abuja on Tuesday, the Federation Accounts Allocation Committee (FAAC)  failed to share revenue which accrued to the three tiers of government from the Federation Account for the month of February, 2018. The meeting was inconclusive following the non reconciliation of revenue from …

Controversy has trailed the $200 million funds belonging to the Nigeria Content Development Management Board (NCDMB) which was domiciled with the Bank of Industry. At the investigative hearing, it was revealed that the fund which was a 1% deductions from local oil and gas contracts was domiciled with the Bank …

By Ateko Usman-Ejima   The Senate Committee on Local Content, Friday summoned a British firm, BP Oil International Limited over a $3.3 billion pre-financing de oil deal that may have breached the Nigerian Oil and Gas Content Development Act 2010. Committee Chairman, Senator Solomon Adeola, said, the summon was necessary …

Vice Chancellor, Federal University of Technology, Minna, Prof. AbdullahiBala has said that without the intervention efforts of the Tertiary Education Trust Fund (TETFund), most public higher institutions in the country would have gone into oblivion. Prof. Bala made the statement  in Minna during the recent convocation of the university where the …

Wins 2018 Investment Battlefield…country named among top ten mining designations for 2019 A Nigerian firm, Thor Exploration Limited (also known as Segilola), a gold mining company operating in Osun State, Nigeria has emerged winner of the 2018 Investment Battlefield for their gold exploration project in the South west state. The …

Determined to ensure predictability in its mining sector and boost local and international investments, the Federal Government has concluded arrangements to establish the Nigerian Mining Commission, to take charge of the regulatory role of the Ministry of Mines and Steel Development. The Minister of Mines and Steel Development, Dr Kayode Fayemi, …

In order to ensure the smooth return, readmission and reintegration of Nigerian migrants from Libya and other parts of the world that have been evacuated back to the country, the Industrial Training Fund (ITF) is set to enter into partnership with the National Commission for Refugees for Migrants and Internally …

When it comes to the top 10 national economies around the globe, the order may shift a bit, but the key players usually remain the same, and so does the name at the head of the list. The United States has been the world’s biggest economy since 1871. But that …

BY SULEYOL FRED CHAGU Concerned by reports of mass casualties on the high seas, enslavement and other harrowing misfortunes being experienced by Nigerian youths seeking to migrate to Europe, the Industrial Training Fund (ITF) is appealing to stakeholders to collaborate with the organization in order to equip more Nigerians with …