NECA Warns FG Over 25% Projected Inflation Rise by Q4'23 The Nigeria Employers Consultative Association has warned that the continuous rising of inflation, if not controlled can hit 25 per cent before the end of the years 2023. In a statement on Wednesday, the Director-General of...

Net Forex Inflow Drops 2% to $7.28bn Q1’23 - Report Net foreign exchange (forex) inflow into the economy fell year-on-year (YoY) by 2.4 percent to $7.28 billion in the first quarter of the year (Q1’23) from $7.46 billion in Q1’22 reflecting challenges in the external...

Fuel subsidy: Tinubu Begs NLC to Shelve August 2 Nationwide Strike The federal government has appealed to the Nigeria Labour Congress, NLC, yesterday to shelve its planned strike scheduled to start next Wednesday, saying it was doing everything possible to address issues raised by the...

Reps Oppose Exchange Rate Stabilisation The House of Representatives has rejected a motion for the stabilisation of the exchange rate. A member of the House, Beni Lar, representing Langtang North/Lantang South Federal Constituency of Plateau State, had in a motion on the floor of the House...

NNPCL Uncovers Fresh 162 Illegal Pipeline Connections, Refineries in N’Delta The Nigerian National Petroleum Company Limited has said it discovered 162 illegal pipeline connections and illegal refineries in the Niger Delta, mostly in Bayelsa in the past week. In a documentary by the oil company shared...

Petrol Imports from Russia Rises by 84% to 3.8m liter in One Year - Report The European trade overview has shown that Nigeria’s petrol imports from Russia have increased by 84 per cent in one year to 3.8 million litres (24,000 barrels) in 2023 from...