Marketers Counter FG, Insist Fuel Subsidy Has Returned   Oil marketers, on Tuesday, countered the position of the Federal Government, as they insisted that the current pump price of Premium Motor Spirit, popularly called petrol, should not be less than N800/litre if there was no subsidy...

Job Losses, Factory Shutdown Loom as Naira Falls to 1,025/$ The naira fell further on Tuesday as it exchanged for the dollar at the parallel market between 1,005/$ and 1,025/$. Owners of small-scale enterprises, Nigeria Employers’ Consultative Association, and manufacturers has expressed concern about the falling...

IMF Downgrades Nigeria’s Economic Growth Amid Weak Oil, Gas Production The International Monetary Fund has downgraded Nigeria’s economic growth by 0.3 percentage points to 2.9 per cent for 2023 following weaker oil and gas production. The IMF disclosed this in its new World Economic Outlook (for...

FG Partners French Navy to Protect N3.1tr Waterways Revenue The Nigerian Navy is partnering with the French Navy to protect the nation’s over N3 trillion estimated trade volume for the year 2023. The Nigeria Customs Service had projected over N3.1 trillion revenue target for 2023 despite...

AON Seeks licence to Import Jet Fuel, Forex Domestic airlines under the aegis of Airline Operators of Nigeria, on Monday, demanded that the Federal Government should allow AON procure the requisite licence for the importation and distribution of aviation fuel, popularly called JetA1. AON also asked...

NGX Rebounds as Investors Gain N355bn Investors in the equity market gained N355bn as the local bourse opened on a positive trading note on Monday. Both the market capitalisation and the All-Share Index which measures the movement of the market appreciated by 0.97 per cent to...