Economy

2 Minutes

Economy National

Despite PIA, Petrol Price Won’t Change Until Negotiation With Labour Concluded – PPPRA

VAM News August 23, 2021 0 Comment

The Petroleum Products Pricing Regulatory Agency (PPPRA) has stated that the signing into law of the Petroleum Industry Bill does not translate to an immediate increase in the price of petrol. President Muhammadu Buhari...

4 Minutes

Economy Local News

Top Three Richest People In Ondo State And Their Net Worth

VAM News August 19, 2021 0 Comment

Author: Tunde Bright Olorungbotemi Ondo State is a Yoruba state in southwestern Nigeria. Created in February 1976 from the former Western State, Ondo State borders Ekiti State (formally part of the state). The state’s...

2 Minutes

Economy

Naira weakens further to 517 against dollar

VAM News August 19, 2021 0 Comment

The naira fell further against the dollar at the parallel market on Wednesday after staying steady at 515/$ in recent days. The local currency fell to 517 against the US currency at the parallel...

1 Minute

Economy National

Nigerians To Pay For Using Federal Roads (See List Of Toll charges)

VAM News August 11, 2021 0 Comment

The Nigerian Government has announced the return of Toll gates on all Federal roads in the country. The Nigerian Government has announced the approval of a new policy for tollgates across the country. This...

2 Minutes

Economy

Brent crude price slides to $68.86/barrel

VAM News August 10, 2021 0 Comment

Oil prices fell about three per cent yesterday, extending last week’s steep losses on the back of a rising United States’ dollar and concerns that new coronavirus-related restrictions in Asia, especially China, could slow...

3 Minutes

Economy National

Highlights of 2021 supplementary budget: N4bn for WhatsApp tracking, N60bn for COVID-19 vaccine, Others…

VAM News August 10, 2021 0 Comment

Last month, President Muhammadu Buhari signed the 2021 supplementary appropriation bill of N983 billion into law. Of the amount, recurrent (non-debt) expenditure will gulp N123 billion, while N895 billion will go into capital expenditure....

3 Minutes

Economy National

CBN’s proposed digital currency vs Bitcoin: What you need to know about eNaira

VAM News August 5, 2021 0 Comment

The Central Bank of Nigeria (CBN) has announced that it will launch the pilot scheme of its digital currency (eNaira) by October 1, 2021. Rakiya Mohammed, CBN director of information technology, had disclosed this...

2 Minutes

Economy National

FEC approves $11.17bn rail project to link all coastal cities

VAM News August 4, 2021 0 Comment

The Federal Executive Council (FEC) has approved $11.17 billion to link all Nigeria’s coastal cities by rail in six years. Lai Mohammed, Minister of Information and Culture, briefed State House correspondents after the virtual...

2 Minutes

Economy National Politics

We are cleaning the massive mess left behind by PDP – APC counsels Jega

VAM News August 3, 2021 0 Comment

The All Progressives Congress (APC) has responded to the claim by Professor Attahiru Jega, former Chairman of the Independent National Electoral Commission (INEC), who described both the ruling party and the Peoples Democratic Party...

1 Minute

Economy World News

Bitcoin Rises Above $40,000 In Mid-June

VAM News July 28, 2021 0 Comment

The world’s largest cryptocurrency, Bitcoin by market capitalisation surged above $40,000 for the first time since mid-June. According to data obtained from coinmarketcap.com, the price of the cryptocurrency traded 7.1 percent higher on Wednesday...