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NNPC reveals Fuel subsidy and refinery rehabilitation gulped N1.3tn in five months
The Nigerian National Petroleum Company Limited, NNPC, has said the amount spent as subsidy on Premium Motor Spirit, also known...
Fuel Shortage and Inflation Weaken’s Nigeria’s Economic Growth
The World Bank has said that fuel shortage and rising inflation will likely restrain economic growth in Nigeria. The Financial...
Exchange Rate Appreciates at I&E Window
The Exchange rate between the Naira and the US dollar closed at N420/$1 at the Investors and Exporters window. Naira...
Federal Government Commence Implementation of Sugar Tax
The Federal Government has commenced the implementation of a N10 per liter sugar tax on carbonated sugar drinks and beverages....
Nigerian Exchange Closes on a Positive Note
The Nigerian Exchange Limited closed on a positive note amidst sell-offs and buy-interests. The All-Share Index closed at 51,377.21 points...
States to lose N19bn in oil and gas revenues in 2022
The World Bank has said that Nigerian States will likely lose N18.8billion in oil and gas revenues in 2022. The...
Banks record N1.21tn non-performing loans
The Central Bank of Nigeria, CBN, has revealed that the total non-performing loans in the banking sector hit N1.21trillion as...
Businesses in Public Universities Count Losses Over Lingering ASUU Strike
Some Business Owners located at Imo State University, IMSU, have decried the effect of ASUU strike on their business. In...
FG Directs Electricity Distribution Companies to Resume Meter Assets Programme
The Federal Government has directed electricity distribution companies to resume the Meter Assets Providers programme. The NMMP programme under the...
Investors Invest N390.9billion in Treasury Bills
Investors in the Central Bank of Nigeria’s treasury bills invested a total of N390.9 billion in treasury bills since the...
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