Economy

The House of Representatives yesterday approved an additional N1 trillion in Ways and Means advances for the implementation of the...

Chief Executive Officer, Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf has cautioned that some fiscal policies...

The Nigeria Employers’ Consultative Association (NECA) has advised the Federal Government to suspend its new excise duty, taxes, and levies....

Electricity consumers face blackouts across the country as the Transmission Company of Nigeria (TCN) insists it will disconnect electricity distribution...

The Senate, yesterday, abandoned its previous hard-line stance and approved the conversion to a 40-year bond of the N23.72 trillion...

The President, Major General Muhammadu Buhari (retd.), on Wednesday, in Abuja, launched the Nigeria Agenda 2050, declaring that its implementation...

The Central Bank of Nigeria (CBN) is about to introduce a new cashless payment system in Nigeria. Known as contactless...

The Federal Ministry of Transportation on Wednesday said that the Government approved about N180 million for Port Standing Task Team (PSTT)...

Crude oil production from the Ikike oil field offshore Port Harcourt, River State, has been identified among the major fields...

Telecommunications operators have kicked against their inclusion in the regulation by the National Information Technology Development Agency (NITDA) under the...

The Central Bank of Nigeria (CBN) has said only 57.4 million Nigerians have Bank Verification Number (BVN). The CBN, in...

The Nigerian Exchange Limited (NGX) halted three sessions of gain to commence trading for the month of May on a...

Insurance sector operators across the globe were required to migrate from International Finance Reporting Standard 4 to IFRS17 by January...

Recently, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) raised the benchmark interest rate by 50...

Despite its perennial underproduction in the last two years, Nigeria has been able to ramp up its crude oil output...

Employers under the aegis of the Association of Telecommunications, Information Technology, Cable Satellite Network Operators and Allied Services Employers’ of...

The move by the federal government to phase out its controversial fuel subsidy policy may no longer be feasible once...

A new project from the International Telecommunication Union (ITU) and the European Commission (EC) will promote Internet services and skills...

Nigerian Breweries has stated that any further increase in excise duty by the Federal Government would harm its business and...

The Office of the Accountant-General of the Federation (OAGF) yesterday said it had taken measures to end revenue leakages being...

Nigeria may see a foreign exchange gap hovering around $15.1 billion as the Federal Government plans to remove subsidy on...

NIGERIA’S long-running petrol subsidy payments have become a gargantuan conundrum, resulting from inertia, corruption, and incompetence by successive governments since...

Military spending in Nigeria fell by 38 per cent to $3.1bn in 2022 according to Stockholm International Peace Research Institute....

Nigeria has lost an opportunity to produce and sell about 65,700,000 barrels of oil in the last one year due...