'N11trn Spent On Moribund Refineries In 13 Years'   The House of Representatives Ad Hoc Committee on the State of Refineries in the Country has said the Federal Government spent a total sum of N11,349,583,186,313.40 from 2010 to date. The Chairman of...

DMO Canvasses Revenue Growth, Spending Cuts   The Debt Management Office (DMO) in a tweet on Tuesday, stressed the need for Nigeria to boost revenue and manage spending like Indonesia, which is also an oil-producing country. The tweet read, “Indonesia, a fellow...

Stock Market Gains N1.5trn After Tinubu’s Inauguration   The Nigerian stock market yesterday gave a rousing welcome to President Bola Ahmed Tinubu’s policy direction. Intense bargain-hunting for Nigerian equities rallied the market to a net capital gain of N1.51 trillion, its highest...

Insurance Sector Shrinks By 7% Over Cash Crunch – NBS   The insurance sector’s growth fell by 7.25 per cent in the first quarter of 2023, the latest figures obtained from the National Bureau of Statistics (NBS) have revealed. The NBS disclosed...

JUST IN: FG, NLC Set to Meet Over Subsidy Removal   Federal Government representatives are expected to meet with the Nigeria Labour Congress (NLC) on Wednesday by 2pm over the planned removal of fuel subsidy. NLC President, Joe Ajaero, made the disclosure...

Old, New Naira Notes Remain Legal Tender – Tinubu President Bola Ahmed Tinubu has declared that his administration would treat both new and old naira notes as legal tender. Mr Tinubu made the declaration during his inaugural address after taking the...