2024 Budget: FG to Peg Crude Price at 73$, FX Rate at N700/$
The Federal Government yesterday, benchmarked its 2024 budget on a crude oil price of $73.96 per barrel and an exchange rate of N700 to the dollar, while projecting N26 trillion for the...
FG Loses $3.89bn to Crude Oil Underproduction in Q3 - Report
Nigeria's total losses from underproduction of crude oil rise to an estimated $3.89 billion in the third quarter of 2023, despite marginal gains in crude oil production in September, according to industry data analysis.
This...
NERC Threatens Disconnection of Ajaokuta Steel Over N25bn Debt
Electricity distribution companies through the Nigerian Electricity Regulatory Commission have warned the Federal Government that failure to settle its electricity bills totalling N25bn may result in its facility, Ajaokuta Steel Co. Ltd,’s disconnection from the national...
Power: Nigerians Paid N268bn Electricity Bills in Q2 – Report
The Federal Government says power consumers paid a total of N267.86bn as electricity bills in the second quarter of this year.
It disclosed this in the just released second quarter 2023 report of the Nigerian Electricity...
Inflation: Investors Lose N89bn as Caps Depreciate by 0.24%
The Nigerian Exchange Limited opened in the reds on the first trading session of the week as investors lost N89bn.
This comes as the National Bureau of Statistics released the inflation figure for September which stood at...
FG Approves 30-day Implementation Plan for MoU with Organised Labour
The Federal Government has approved a 30-day implementation plan for the Memorandum of Understanding (MoU) between it and organised labour.
The Minister of Labour and Employment, Simon Lalong, spoke to journalists at the end of Monday's...
