Category: Economy

Dangote refinery’ll drive industrial revolution in Africa –FG

THE Minister of Information and Culture, Lai Mohammed, has described the Dangote Petroleum Refinery as...

Nigeria’s total debt may hit N50tn – Report

THE Centre for the Promotion of Private Enterprise has said that Nigeria’s debt, including that...

FG grants three-year tax relief to 33 companies, bars 10 firms

The Federal Government approved the application of 33 companies seeking pioneer status under the Industrial...

Two million people’ll start receiving N20bn monthly from June -FG

Two million people will start receiving about N20bn from June this year as basic cash...

Rising govt debt caused by increasing budget deficit - DMO

The Debt Management Office has said that the reason for Nigeria’s rising government debt levels...

External reserves loses $313m as oil price fluctuates

NIGERIA’S external reserves fell by $313m in March, according to figures obtained from the Central...

Diesel: Telcos lament high operational cost, seek intervention

Telecommunication providers under the aegis of the Association of Licensed Telecommunications Operators of Nigeria have...

Sluggish growth affecting Nigeria, other African countries – W’Bank

The World Bank has stressed the need to boost labour output in Africa, stating that...

Bread prices may go up, bakers blame forex, energy crises

Bakers under the aegis of the Premium Bread-Makers Association of Nigeria have said a harsh...

Capital importation suffers 30% decline, records $6.7bn

The value of capital importation into Nigeria fell by 30.78 per cent from $9.68bn in...

Govt borrowings not necessarily bad -DMO

The Director-General of the Debt Management Office, Patience Oniha, has said borrowings by countries to...

Massive job cut looms as dollar hits N590

The lingering foreign exchange scarcity in the country has continued to worsen even as the...