Economy

2 Minutes

Economy National

List of States to Benefit as FEC Okays N331b For Road Contracts and others to Dangote as Tax Credit

VAM News July 15, 2021 0 Comment

The Federal Executive Council (FEC) yesterday approved 13 memoranda from seven ministries for various contracts worth N331,632,998,787 and $40,070,465. The contracts were approved at the week’s virtual FEC meeting presided over by President Muhammadu...

2 Minutes

Economy Politics

‘Nigeria loses $26.3b yearly to maritime insecurity’

VAM News July 14, 2021 0 Comment

President Muhamamadu Buhari has lamented the huge loss of revenue to maritime criminality. The President stated the loss at a whopping $26.3 billion yearly, a development, he said, had become harmful to the economy...

1 Minute

Business Economy

Naira slumps further as exchanges hit N504 at parallel market

VAM News July 10, 2021 0 Comment

The naira exchanged to the dollar at N504 at the parallel market on Friday, according to the Bureau de Change operators. It had earlier exchanged to the dollar at 500 in the previous week...

2 Minutes

Economy National

Further Borrowing Will Lead To A Disastrous Debt Bubble Bust – Moghalu Cautions FG Over Incessant Loan Requests

VAM News July 9, 2021 0 Comment

Former Central Bank of Nigeria (CBN) Deputy Governor, Kingsley Moghalu has expressed concern at the rate Nigeria’s public debt increased in the last six years under the President Muhammadu Buhari administration. ...

5 Minutes

Business Economy

Hope arises as Nigerians to claim NNPC’s shares – NLC reveals Plans

VAM News July 9, 2021 0 Comment

The Nigeria Labour Congress (NLC) has said that the Nigeria National Petroleum Corporation (NNPC) should be transformed into a public liability company where every Nigerian can own shares. NLC stated that the House of...

3 Minutes

Economy

Current Prices Of Dangote Cement In Nigeria (July, 2021) As BUA Okays N3,000

VAM News July 7, 2021 0 Comment

The BUA Group has finally increased its cement price by N200 weeks after raising the hopes of its customers. There has been a surge in the prices of cement across the country as manufacturers...

3 Minutes

Business Economy National

Local Refineries To Buy Crude Oil In Naira – PIB

VAM News July 5, 2021 0 Comment

VAM news has learnt that crude oil refining licences bearers in Nigeria will pay for domestic crude oil supply in Naira. This development is in line with the Petroleum Industry Bill...

1 Minute

Economy

2021: NNPC MD Mele Kyari Reveals the Price of Petrol in July

VAM News July 1, 2021 0 Comment

The Nigerian National Petroleum Corporation (NNPC) has said the official price of a litre of Premium Motor Spirit (PMS), otherwise known as petrol, will remain N162 in July. The NNPC’s Group Managing Director (GMD),...

3 Minutes

Economy National World News

High Inflation Rate Pushed 7 Million Nigerians Into Poverty In 2020 – World Bank

VAM News June 16, 2021 0 Comment

The World Bank has disclosed that an estimated 7 million Nigerians may have been pushed into poverty in 2020 due to rising prices alone without considering the direct impacts of COVID-19. The...

2 Minutes

Economy Local News

Just In: Osun Govt Releases N1.644bn For Pension, Gratuity Arrears

VAM News June 9, 2021 0 Comment

The Osun State government has approved the sum of one billion, six hundred and forty-four million Naira (N1,644,000,000) for the payment of outstanding pension and gratuities of retired civil servants. State Governor,...