Business

FEC Approves $196 bpd for 2023-2025 MTEF  The Federal Executive Council (FEC) has approved the 2023- 2025 Medium Term Expenditure Framework (MTEF). The Minister of Finance, Budget...

Naira Crash Due To Higher Dollar Demand, FX Supply Gaps   The naira crash to about N630 to dollar at the parallel market has been linked...

Made-in-Nigeria Products Decline By 27% To N7.4trn   The monetary value of goods produced by Nigerian manufacturers has nosedived by 27 per cent between 2017 and...

No Immediate Solution To Aviation Crisis, Says FG   There are no immediate solutions to the current crisis rocking Nigeria’s aviation sector as the cause of...

FG Seeks Investors For Bitumen Development   The Federal Government is seeking national and international investors interested in the development of the nation’s 42 billion barrels...

RMAFC Says Petroleum Act Won’t Stop IOCs’ Nigeria Divestments   The Petroleum Industry Act 2021 may not stop the trend of divestments by international oil companies...

OPS and Banks Brainstorm Economic Growth Synergies Nigerian banks and the Organised Private Sector has said they will address critical areas of concerns and strategise...

PIN to Organize Workshop For Tech Companies, Startups By Abbas Badmus Paradigm Initiative, PIN, a tech driven non-governmental organization is organizing a capacity building training for...

Alfa, Herbalist, Arrested For Allegedly Defrauding Rep Aspirant of N24m Operatives of the Economic and Financial Crimes Commission, EFCC, Lagos Command have arrested two self-acclaimed...

Senate: Buhari Writes to Confirm Justice Ariwoola as CJN The Senate has received a formal request from President Muhammadu Buhari, to confirm the nomination of...

Inflation: Bakers to Increase Price of Bread by 20% The price of bread is expected to rise by 20 with the bakers divided on how...

Fidelity Launches Apprenticeship Support Initiative For Women Fidelity Bank Plc has launched an Apprenticeship Support Initiative as part of its strategy to encourage women-led small...

Manufacturers Seek Removal Of 7.5% VAT On Diesel   The Manufacturers Association of Nigeria (MAN) has called on the federal government to remove the 7.5 per...

Currency In Circulation Declines By N72.5bn In June - CBN   Following the Central Bank of Nigeria (CBN) to manage exchange rate, currency in circulation dropped...

Removal Of Subsidy, NNPC Import Monopoly’ll End Queues – Marketers   Queues for Premium Motor Spirit, popularly called petrol, will end when the Federal Government halts...

Shares In UBA, GTCO, Others Lift Market Turnover By N14.8bn Heavy transactions in the shares of United Bank for Africa (UBA), Guaranty Trust Holding Company...

Operators May Generate N4.37trn From Marginal Oil Fields   Operators of the new marginal oil fields are expected to earn significant revenue from the fields. Proposed crude...

Reps Summon Finance Minister, Others Over Power Plants Sale   The House of Representatives’ Committee on Finance has summoned the Ministers of Finance, Budget and National...

Appointment: Buhari Approves 3 New Perm Secs. President Muhammadu Buhari has approved the appointment of three new Permanent Secretaries in the Federal Civil Service following...

Expect Flight Delays, Cancellation, Airlines Tell Passengers Airline Operators of Nigeria (AON) has alerted members of the flying public of shortage of aviation fuel, saying...