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How inflation worsens plight of Nigerian workers
Workers have continued to groan under the adverse effect of inflation on their income, Deborah Dan-Awoh reports Economists define inflation as the...
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Agric budgets hit N874.83bn, food imports gulp N7.81tn
The Federal Government budgeted about N874.83bn for the Federal Ministry of Agriculture and Rural Development from 2016 to 2021, whereas...
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Debt servicing to hit N10.43tn, economists slam FG
The Federal Government has projected that debt servicing will cost N10.43tn by 2025, according to the 2023-2035 Medium Term Expenditure...
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Nigeria loses N891bn to gas flaring
Nigeria lost N891bn to gas flaring in 18 months, according to data from the Nigerian Oil Spill Monitor, an arm...
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FG to capture schools’ security in 2023 budget
The Federal Government has promised to include the security of schools in the 2023 budget. Speaking at the safe-school summit...
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W’Bank commits $8.5bn to Nigeria, faults N6.7tn subsidy
The World Bank has committed $8.5 billion to Nigeria to fund critical issues ranging from agriculture to education. Disclosing this...
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Oil price falls, OPEC raises Nigeria’s production quota
The Organisation of Petroleum Exporting Countries on Wednesday raised Nigeria’s crude oil production quota for September 2022 to 1.83 million...
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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...
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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...
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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...
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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,...
Read moreWe 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...
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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...
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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...
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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...
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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...
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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...
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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...
Read moreAddax 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...
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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...
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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...
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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...
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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...
Read moreFG 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...
Read moreDangote 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...
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