Nigeria’s budget deficit hits N30.58tn in seven years
Budget deficit has risen to at least N30.58tn in the last seven years. This is according to data from budget...
FG, farmers eye extra $136m from cocoa export
The Federal Government in partnership with the Cocoa Farmers Association of Nigeria has commenced moves to attract extra $400 on...
Kerosene hits over N800/litre, Nigerians face hard times
The price of kerosene used by several families have jumped to N800 per litre just as the market is beginning...
Dangote Cement deploys grinding plants in Ghana, Cote d’Ivoire
The Chief Executive Officer, Dangote Cement, Michel Puchercos, has said the company is boosting production in its Okpella plant, Nigeria,...
We didn’t increase petrol price, marketers did –FG
The Federal Government on Monday insisted that it had not raised the pump price of Premium Motor Spirit, popularly called...
FG plans N712bn mortgage to fund 100,000 houses
The Federal Government on Monday said it was working to increase mortgages provided to contributors under the National Housing Fund...
Legal tussle may threaten multibillion-dollar Eko Atlantic City project
A real estate development firm, Sea Global Energy Company Limited, promoters of the Ocean City Lagos Project, has accused the...
Pension assets rise by N842.73bn in six months
Assets under the Contributory Pension Scheme rose by N842.73bn in the first half of 2022 to hit N14.27tn as of...
FG failed to provide N100bn electricity subsidy – Discos
Electricity distribution companies on Sunday reacted officially to the takeover/restructuring of five Discos by the Federal Government through the Bureau...
Rail: Lagos begins compensation of affected Ogun residents
Lagos State Government has begun compensation payments to approximately 800 Ogun residents affected in the process of establishing the right...
NNPC remits $2.7bn to CBN in six months
The Nigerian National Petroleum Company Limited remitted a total of N2.7bn into its accounts with the Central Bank of Nigeria...
Addax workers begin strike, oil production sheds 22,000bpd
Analysts have warned that the current economic difficulties in Nigeria could deteriorate should the Russian-Ukrainian war linger. The Chairman, Chartered...
Agusto & Co affirms Parthian Partners’s ‘Bbb’ rating
Pan African credit rating firm, Agusto & Co Limited has affirmed the “Bbb” rating assigned to Nigerian inter-dealer broker, Parthian...
Subsidy probe: Reps say 23 oil firms unknown
The House of Representatives’ Ad Hoc Committee to Investigate the Petroleum Products Subsidy Regime from 2013 to 2021 has said...
Food crisis imminent, Reps raise the alarm
The House of Representatives has raised the alarm over the looming food shortage in Nigeria, calling on the Federal Government...
FX crisis: Made-in-Nigeria products fall 27% to N7.4tn
The monetary value of goods produced by Nigerian manufacturers has nosedived by 27 percent between 2017 and 2021. According to...
Ukraine: IMF cuts global growth, retains Nigeria’s forecast
The International Monetary Fund on Tuesday cut its global economic growth forecast for 2022 to 3.2 percent in its report...
FG gets N16bn tax credit for Lagos-Badagry Expressway
The Minister of Works and Housing, Babatunde Fashola, on Monday, declared that no state could give the Federal Ministry of...
Dangote eyes Africa’s petrochemical hub with $2bn plant
Dangote Group is set to complete its $2bn petrochemical plant in Lagos which when fully operational will position Nigeria as...
Removal of subsidy, NNPC import monopoly’ll end queues– Marketers
Queues for Premium Motor Spirit, popularly called petrol, will end when the Federal Government halts PMS import monopoly of the...
Dangote eyes Africa’s petrochemical hub with $2bn plant
Dangote Group is set to complete its $2bn petrochemical plant in Lagos which when fully operational will position Nigeria as...
Financial crisis: NCAA audits distressed airlines
The Nigerian Civil Aviation Authority have begun an economic and financial audit of some domestic airlines passing through what industry...
Nigeria positioned to leverage $65bn art market – Patrons
A Director of Patrons, an art advisory and dealership firm, Keturah Ovio, says Nigeria has the capacity to tap into...
Revenue falls by N1.89tn, Nigerians face tougher times
Amid a projection by the Federal Government to spend a whopping sum of N6.7tn on fuel subsidy next year and...
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