Lagos Govt Okays N707m Pension Bailout For Parastatals   The Commissioner for Establishments, Training And Pensions, Mrs Ajibola Ponnle, has said Lagos State government approved a bailout of N707.62m for some parastatals to pay the pensions of their retirees. She disclosed the...

Oil Production Now 1.18mbpd, Highest In Seven Months   Nigeria’s crude oil production rose to 1.185 million barrels per day in November 2022, representing the highest output by the country in the past seven months. Latest oil production figures obtained from the...

Petrol Now N310 Per Litre In Kano Amid Scarcity   The pump price of petrol is now N310 per litre in Kano State amid prolonged scarcity of which has led to suffering among the people. This was coming few days after the...

World Bank Says Debt Servicing Will Gulp 123% Of 2023 Revenue   The World Bank has projected that debt servicing will gulp 123.4 per cent of the Federal Government’s revenue in 2023. This was according to a presentation made by the new...

Non-Oil Export Proceeds Near $1bn – Emefiele   The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has expressed optimism that export proceeds repatriation for rebate will hit $1 billion by the fourth quarter of 2022. Emefiele said this...

Pantami Calls For Creation Of Ministry Of Digital Economy Across States   The Minister of Communications and Digital Economy, Professor Ali Isa Pantami, has urged state governments to create a ministry of digital economy in order to boost economic growth. Pantami stated...