Tuesday, June 28, 2022

IMF: Despite Economic Growth, Inflation Remains High In Nigeria

IMF: Despite Economic Growth, Inflation Remains High In Nigeria The International Monetary Fund (IMF) has said that despite the recovery of Nigeria’s economy that resulted...

FCTA Inaugurates Committee On Recovery Of N29bn Debt

FCTA Inaugurates Committee On Recovery Of N29bn Debt In order to improve revenue generation accruing into the coffers of the Federal Capital Territory Administration (FCTA),...
CBN Governor, Godwin Emefiele

In Two Months, Nigeria Records $3.5bn FX Repatriation

In Two Months, Nigeria Records $3.5bn FX Repatriation The Central Bank of Nigeria (CBN) has revealed that Nigeria has recorded the sum of $3.5 billion...
Aviation Fuel

Aviation Fuel Now N714/Litre

Aviation Fuel Now N714/Litre   There are fears that, at least, three domestic airlines may close shop in the coming months due to the continuous rise...
Fuel Scarcity

Why Petrol Queues In Abuja Won’t End Soon — Marketers

Why Petrol Queues In Abuja Won't End Soon — Marketers   Petrol marketers have attributed the lingering queues at petrol stations in Abuja and other northern...
CBN Governor, Godwin Emefiele

CBN Boosts Sesame, Cocoa Exports With N21bn Disbursement

CBN Boosts Sesame, Cocoa Exports With N21bn Disbursement The Central Bank of Nigeria (CBN) has disbursed N21bn to boost the production and export of cocoa...
Bitcoin Cryptocurrency

Nigerian Bitcoin Traders Lament Losses As Value Drops By 52%

Nigerian Bitcoin Traders Lament Losses As Value Drops By 52%   Many Nigerian Bitcoin traders are lamenting their losses because of the continued drop in the...
Diesel

Diesel Price May Hit N1,500/litre – Oil Marketers

Diesel Price May Hit N1,500/litre – Oil Marketers About 75 per cent of filling stations across the country are currently out of business due to...
The Executive Secretary and Chief Executive Officer of the Nigerian Shippers’ Council, Emmanuel Jime

Extortion At Nation’s Ports Cost Shipping Liners N3trn Yearly

Extortion At Nation’s Ports Cost Shipping Liners N3trn Yearly   The Executive Secretary and Chief Executive Officer of the Nigerian Shippers Council, Emmanuel Jime, yesterday said...
David Malpass, World Bank President

Nigeria To Lose N5trn From Petrol Subsidy – World Bank

Nigeria To Lose N5trn From Petrol Subsidy - World Bank   The World Bank has warned that Nigeria could lose around N5trillion in the year from...
Dollar Against Naira

2023 Elections: Dollar Rises By 21%, FX Shortage Persists After Party Primaries

2023 Elections: Dollar Rises By 21%, FX Shortage Persists After Party Primaries   Dollar exchanged at N603 (average) at Lagos and Abuja parallel markets on Tuesday,...
Crude Oil

Nigeria’s Oil Output Drops By 23.8% To 1.024m bpd — OPEC

Nigeria’s Oil Output Drops By 23.8% To 1.024m bpd — OPEC   Nigeria’s oil output dropped Year-on-Year, YoY, by 23.8 per cent to 1.024 million barrels...
Petrol

In Three Weeks, NNPC supplies 1.523bn litres of Fuel 

In Three Weeks, NNPC supplies 1.523bn litres of Fuel  The Nigerian National Petroleum Company Limited latest updates on the evacuation of Premium Motor Spirit, popularly...

Milk Imports Rise to N27bn Despite Forex Restriction in Q1 

Milk Imports Rise to N27bn Despite Forex Restriction in Q1  A report by the National Bureau of Statistics (NBS) has shown that N27,664 billion was...

ICRC: Nigeria To Begin Production Of Uniforms for Military, Paramilitary

ICRC: Nigeria To Begin Production Of Uniforms for Military, Paramilitary The Infrastructure Concession Regulatory Commission (ICRC) has revealed that Nigeria will begin production of uniforms...
NDIC MD, Bello Hassan

NDIC Gives Vote of Confidence to Banks  

NDIC Gives Vote of Confidence to Banks   The Nigeria Deposit Insurance Corporation (NDIC) says the banking sector is now immunized to shocks that may invade...

FG: National Power Grid Crashes from 3,703MW to 9MW 

FG: National Power Grid Crashes from 3,703MW to 9MW   The Nigeria Electricity System Operator, an arm of the Federal Government’s power transmission company, recent report...

2.4 million Fish Imports Drain Nigeria’s Foreign Reserves – FG  

2.4 million Fish Imports Drain Nigeria's Foreign Reserves - FG   The Federal Government has lamented on the increase of fish importation in the country. Its...

NIBSS Says Mobile transactions Hit N4.86tn in Four Months

NIBSS Says Mobile transactions Hit N4.86tn in Four Months The Nigeria Interbank Settlement System data has reveled that Nigerians’ use of mobile channels for payment...

Resetting Kogi’s Agric Sector for Food Security

Resetting Kogi's Agric Sector for Food Security By Hafsat Bello Globally, agriculture plays a major role in economic development and national growth. Hence, its value, which...