Food prices jump over insecurity, fuel scarcity in Q1 – Report
THE rise in diesel prices, petrol scarcity, and heightened insecurity in the nation drove food prices to a record high in the first quarter of 2022, a new report by…
Fuel subsidy puts Nigerian economy at high risk –World Bank
The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly impact public finance and pose debt sustainability concerns. The Washington-based…
25% of 2022 capital expenditure may not be funded –Economists
ABOUT 25 per cent of the projected N4.5tn capital expenditure in the 2022 Appropriation Act may not be funded, going by the funding priority of the Federal Government in the…
51 firms drive stock market gain by N500bn
Investors gained N500bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The market opened for four trading days last week as the Federal…
Nigeria can’t track importers of substandard products –SON
The Director-General of the Standards Organization of Nigeria, Farouk Salim, has said that in Nigeria, no one is tracking importers of substandard goods. Salim said this in Lagos during a…
PFAs invest N74.54bn in infrastructure, investors eye pension funds
Pension Fund Administrators invested N74.54bn in infrastructure from the N13.76tn under the Contributory Pension Scheme as of the end of February 2022. This was contained in the latest figures obtained…
Vandalism, hostile community, setbacks to telecoms industry – NCC
The Nigerian Communications Commission has urged Nigerians to protect telecommunications infrastructure, saying that vandalism, theft, and hostility from the host community are among the major setbacks to the telecoms industry.…
Inflation hits 15.92%, highest in five months
Nigeria’s Consumer Price Index rose to 15.92 per cent in March, latest figures from the National Bureau of Statistics show. This new rate is the highest the country has recorded…
FG probes Indorama, Total, 10 others over expatriate quota
The Federal Government has identified Indorama Eleme Petrochemical Limited, International Business Machines West Africa, Stallion Motors Limited, Liaoning-Efacec Electrical Equipment Co. Nig. Ltd; and Total Nigeria Plc, for allegedly abusing…
LCC postpones resumption of tolling at Ikoyi Link Bridge
The Lekki Concession Company Limited, the operators of the Ikoyi Link Bridge and the Admiralty Circle Plaza, has postponed the resumption of tolling at the Ikoyi Link Bridge. LCC Managing…
Heavy security as tolling resumes at Lekki-Ikoyi bridge
There was heavy security at the Lekki-Ikoyi Link Bridge on Friday ahead of the resumption of toll payment on the bridge. It was gathered that no fewer than five security…
NNPC to deliver $2.6bn gas pipeline Q1 2023
The Nigerian National Petroleum Company Limited and its contractor handling the bulk of the $2.6bn Ajaokuta-Kaduna-Kano gas pipeline project, Oilserv Limited, on Thursday stated that natural gas would be transported…
