Economy

FG acknowledges massive expenditures on fuel subsidies

The Federal Government, on Tuesday, said that it had spent so much in subsidising the Premium Motor Spirit, popularly petrol.…

3 years ago

Dangote seeks prison time for Nigerians Selling Foreign Textile Materials

Business Magnet Aliko Dangote has thrown its weight behind the revival of the Nigerian textile industry. Speaking at the 50th…

3 years ago

FG plans to sell, lease NIPOST, TBS, other national assets

As the federal government scrambles for funds to finance a huge budget deficit and service the burgeoning debts, it has…

3 years ago

Southeast missing as NNPC announces Five new Vice Presidents

The Nigerian National Petroleum Company Limited (NNPC) has been restructured to accommodate five new presidents needed to drive the oil…

3 years ago

FG Seeks Help From Citizens to Pay CBN’s N20trn Loan (Details)

The federal government has announced plans to repay its N20 trillion debt owed to the Central Bank of Nigeria (CBN)…

3 years ago

Naira to lose 20% of its value in 2023– Bank of America

The naira exchanged at 440.95 to the dollar in the official spot while parallel rate went up to N740. Despite…

3 years ago

Just In: Minister confirms the completion of second Niger Bridge

The Minister of Works and Housing, Babatunde Fashola, on Wednesday, confirmed that the construction of the 2nd Niger bridge is…

3 years ago

‘we are at war in Nigeria’, Senator Kalu Slams FG over 2023 budget

Orji Kalu, the senator representing Abia north and senate chief whip, has called on the federal government to cut the…

3 years ago

Lagos to begin third Airport construction gets FG approval

The Lagos State government has received approval from the Nigerian government for an additional international airport. Lagos State governor Babajide…

3 years ago

Nigerians face harder times as CBN increases interest rate for 3rd consecutive time

The Monetary Policy Committee, MPC, of the CBN increased Monetary Policy Rate, MPR, from 14 per cent to 15.5 per…

3 years ago