NGX Slams N11.7m Fine On Four Companies Over Default Filings
For failing to file their financial statement after the regulatory due date, the Nigerian Exchange Limited (NGX) has fined about four companies listed on its main board.
According to the Exchange’s...
AMCON Bars Arik Air Founder From Entering Airline’s Premises
A little drama unfolded at the Murtala Muhammed International Airport in Lagos on Tuesday, when the management of Arik Air prevented the chairman/founder of the airline, Chief Johnson Arumemi-Ikhide, from accessing...
Public Debt Stock Increased By 4.96% To N46.25trn In Q4, 2022
The country’s total public debt stock increased by 4.96 per cent to N46.25 trillion ($103.11 billion) in the fourth quarter of last year (Q4 2022) compared to N44.06 trillion...
Gas Flaring: FG Imposes N22bn Fine On Oil Firms
The Federal Government will impose $49m (N22bn) fine on oil and gas firms operating onshore for flaring 24b Standard Cubic Feet of gas valued at about N40b ($86m) between January and...
IMF Says Nigeria’s Economic Growth Will Drop To 3%
The International Monetary Fund (IMF) has predicted that Nigeria’s economic growth will fall from 3.2 per cent in 2023 to 3.0 per cent in 2024.
This is as it retained Nigeria’s 3.2...
Despite N6trn Subsidy Payment, Fuel Price Rise By 81%
The price of Premium Motor Spirit popularly called petrol has risen by 81 per cent in the past three years, according to the National Bureau of Statistics (NBS) reports analysed by...
