Category: Business

Breaking News: FG slashes pump price of petrol

The Federal Government, weekend announced a N10 reduction from the pump price of petrol from N97. Motorists now to pay N87 per litre. The old price regime of N97 per litre has been in force…

AfDB earmarks N50.4bn for devt projects in Abuja

By a Special Correspondent   The African Development Bank, AfDB said it would undertake a N50.4 billion integrated infrastructure development projects in the Federal Capital Territory, FCT, this year. The bank’s Country Director, Dr Ousmane…

Corruption across EU ‘breathtaking’ – EU Commission

The extent of corruption in Europe is “breathtaking” and it costs the EU economy at least 120bn Euros (£99bn) annually, the European Commission says. EU Home Affairs Commissioner, Cecilia Malmstroem, has presented a full report…

Why Nigeria’s development is slow – UN agency

UNIDO plans to help Nigeria diversify its economy The United Nation Industrial Development Organisation, UNIDO, on Thursday attributed Nigeria’s slow paced development to inconsistency in the country’s industrial policy. UNIDO is a specialised agency of the United Nations…