IMF Says Inflation Will Slow Nigeria’s Economic Growth to 2.9%   Inflation will slow Nigeria’s economic growth to 2.9 per cent in 2023, the International Monetary Fund (IMF) has predicted. It also downgraded the country’s economic growth prospect by 0.3 percentage points...

Petrol Subsidy Gulps N4.8trn Annually - FG The Federal Government through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) stated on Tuesday that fuel subsidy was gulping about N4.8tn from its purse. The Chief Executive Officer, NMDPRA, Farouk Ahmed, disclosed...

FG Targets More Tax Revenue as Global Rates Rise   The Federal Government has said it will focus more on domestic resources mobilisation with a focus on a more efficient collection of taxes, fees and payments that are due to the...

Marketers Counter FG, Insist Fuel Subsidy Has Returned   Oil marketers, on Tuesday, countered the position of the Federal Government, as they insisted that the current pump price of Premium Motor Spirit, popularly called petrol, should not be less than N800/litre...

Job Losses, Factory Shutdown Loom as Naira Falls to 1,025/$ The naira fell further on Tuesday as it exchanged for the dollar at the parallel market between 1,005/$ and 1,025/$. Owners of small-scale enterprises, Nigeria Employers’ Consultative Association, and manufacturers has...

Dangote Cement Denies Running Sales Promo   Management of Dangote Cement Plc has denied reports, in some online platforms that it has embarked on sales promotion and has further adjusted its prices. In response to the misleading report, the Chief Branding and...