Free Float: Naira Depreciates Further to 702/$ The naira traded at 702.19/dollar at the close of business on Thursday, as the Central Bank of Nigeria has allowed for a free float of the national currency against the dollar and other...

Palliative: FG Considers N702bn as Allowance for Workers Over Subsidy Removal   The National Economic Council has considered recommendations from the National Salaries Income and Wages Commission to pay N702bn as cost of living allowance to civil servants as part of...

Ondo, Kogi, Rivers lead as Inflation Rises to 22.41% - NBS   The National Bureau of Statistics (NBS) says the average prices of goods rose the highest year-on-year in Ondo, Kogi, and Rivers states. This is as inflation in the country rose...

Gas Flaring: Reps to Clampdown on Firms, Recover Debts   The House of Representatives has asked the National Oil Spill Detection and Response Agency (NOSDRA) to provide it with ‘specified information’ on companies involved in gas flaring, including the amount flared...

Manufacturers Lose N10.1trn Annually to Power Crisis, Says MAN   The Manufacturers Association of Nigeria (MAN) says the country’s shortage of electricity supply has been identified as a hindrance to the profitability of manufacturers with an annual economic loss valued at...

Tinubu Economic Advisers Seek Customs, NIMASA, FIRS Merger   President Bola Ahmed Tinubu Policy Advisory Council has recommended the declaration of a state of emergency on revenue generation in the country. The council also proposed the merger of the Federal Inland Revenue...