Stock Investors Record N446bn Gain   Stock investors on the Nigerian Exchange ended the week with a gain of N446bn following sustained buying interest in the local bourse ahead of the 2022 fourth quarter financial year earnings result. The Nigerian bourse at...

Technical Problems Responsible For Oil Production Decline - World Bank   The World Bank has stated that technical problems, insecurity, rising production costs, theft, lack of payment discipline in joint ventures, etc. were responsible for the 40 per cent decline of...

Nigeria To Earn N6trn Yearly From Fuel Subsidy Removal, Says CPPE     The removal of fuel subsidy would unlock a minimum of N6 trillion in revenue into the federation account annually. This was disclosed by an economic think tank, the Centre for...

International, Bilateral Electricity Consumers Owe Nigeria N4.71bn   International and bilateral power consumers that get supply from Nigeria owe the country about N4.71bn, figures obtained on Sunday from the Nigerian Electricity Regulatory Commission (NERC) showed. It was gathered that the 10 international,...

Fed Govt Commences Minimum Wage Review   The National Salaries Incomes and Wages Commission says it has initiated process for the review of the National Minimum Wage. NSIWC’s Head of Public Affairs, Mr Emmanuel Njoku, said this in a statement on Sunday...

Non-oil Exports Rises By 29% To N6.56bn   Nigeria’s non-oil exports rose by 29 per cent, year-on-year, YoY, to $6.56 billion in ten months, reflecting the impact of Federal Government efforts to boost foreign exchange inflow from non-oil sources as well...