More firms may collapse over rising FX, fuel cost – Expert
An economist and Chief Executive Officer at Financial Derivatives Company Limited, Bismark Rewane, has predicted that the high cost of power, fuel and rising foreign exchange will lead to the…
Private sector, banks strategise for economic growth
The Organised Private Sector and Nigerian banks have said they will address critical areas of concerns and strategise to create sustainable synergy between the financial services sector and other businesses.…
Dangote Industries ends N187.58bn bond issue
Dangote Industries Funding Plc has announced the completion of a N187.58bn Series 1 (Tranche A and Tranche B) Fixed Rate Senior Unsecured Bond Issue under its N300bn Debt Issuance Programme.…
Oil firm shut over unapproved offshore operations
THE Federal Government has shut down Scorpion Oil Services for carrying out offshore operations without approval and also violating the provisions of the Factories (Diving at Work) Regulations, 2018. The…
Subsidy cost spikes by 370% amid rising debt
The cost of fuel subsidy is estimated to increase by 369.93 per cent from 2021 to 2023. In 2021, the Nigerian National Petroleum Corporation said fuel subsidy gulped N1.43tn, although…
How agents forged my signature, cleared vehicles – Customs boss
At least four clearing agents were arrested for forging the signature of the Customs Area Controller in charge of the TinCan Island Command of the Nigeria Customs Service, Comptroller Adekunle…
Nigerians face tougher times as revenue falls by N1.89tn
Economic and energy experts have predicted tougher days ahead for the economy, states and Nigerians as the Federal Government projects N6.7tn on fuel subsidy next year. The Minister of Finance,…
Suspension: Stranded passengers vandalise Dana Air’s counter
Some angry passengers of Dana Air who were left stranded at the Murtala Muhammed Airport, Lagos on Thursday, vandalised some property of the airline. The Nigerian Civil Aviation Authority had…
FG to spend N6.7tn on fuel subsidy in 2023
Economic and energy experts have predicted that the economy, States, and Nigerians will face tougher times in the future in light of the Federal Government's projection that it will spend…
Reps pass tax crimes commission bill for second reading
The House of Representatives on Wednesday passed for second reading, a bill seeking to establish a Tax Crime Commission to try tax-related offences, which is to be headed by the…
Give confiscated foodstuffs to poor Nigerians, experts tell Customs
The Chief Executive Officer, Centre for the Promotion of Private Enterprise, Dr Muda Yusuf, has advised the Nigeria Customs Service to see how they could use perishable seized goods for…
Why flights are not coming to Bayelsa airport – Govt
The Bayelsa State Government has said its airport is not operational because the airlines flying its route have sent their planes for a D-Check. The state stated that the airport…
