NPA Evacuates Overtime Cargoes at Ports The Nigerian Ports Authority (NPA) has announced it's decision to commence the evacuation of overtime cargoes at the ports. A statement by NPA said that the moves to evacuate over time cargoes at the ports were intensified when the Permanent...

External Reserves Drop by $3bn in Six Months, Says CBN   Nigeria’s external reserves fell by $2.85bn in the first half of 2023 due to external debt finance among other challenges, figures obtained from the Central Bank of Nigeria have revealed. The CBN revealed in its figures...

Subsidy Removal: FG Saves N400bn in One Month The Federal Government has so far saved about N400bn as a result of the removal of subsidy on Premium Motor Spirit, popularly called petrol, since May 31, 2023, when the initiative was officially implemented, oil marketers stated...

Pension Registration Falls by 10% in Q1 - PenCom  Workers’ interest in the Contributory Pension Scheme, CPS, waned in the first quarter of 2023, Q1’23, as the number of new enrolment in the Retirement Savings Accounts, RSAs, dropped by 10.2 per cent year-on-year, YoY, to...

Cooking Gas Prices Decline Further in May - NBS The National Bureau of Statistics has said the average price of Liquefied Petroleum Gas also known as cooking gas fell further last month. In its Liquefied Petroleum Gas Price Watch May 2023, the bureau said the price...

N120bn USSD Banks Debt won’t be Cancelled - Telcos Chair  Telecommunication firms have said they will not be forgiving the N120bn Unstructured Supplementary Service Data debt banks owe them. They stated that banks must pay the debt, insisting banks would be disconnected once every effort at...