Bayelsa, Ondo, Lagos Record Highest Rate Of Inflation - NBS
Bayelsa, Ondo and Lagos states recorded the highest rate of inflation in March 2023.
This was according to the latest National Bureau of Statistics data on inflation across the country, which was released on Saturday.
According to...
10m Households To Get N5,000 As Subsidy Palliative For Six Months - FG
The federal government will pay N5,000 to 10 million households for six months as palliative for removing petrol subsidy after June.
Economic Confidential reports that the amount is N50 billion per month and...
NECA Warns FG Against IMF Demand, Rejects Tax Hike
The Nigeria Employers’ Consultative Association (NECA) says the International Monetary Fund (IMF)’s call on the Federal Government to increase taxes in order to reduce borrowing will affect economic growth and worse the country’s plight.
The Director General...
JUST IN: Nigeria's Inflation Rate Rises to 22.04 Percent
The consumer price index (CPI), which measures inflation - the rate of change in prices of goods and services - rose to 22.04 percent in March 2023.
The inflation rate rose from 21.91 percent in the previous...
NSIA Assets Rise to N1trn, Attract $500m FDI
The Nigeria Sovereign Investment Authority (NSIA) says it grew its net assets by 10.5 per cent to N1.02tn in 2022 from N919.73bn in 2021.
The Sovereign Wealth Fund manager disclosed that earnings from interest income, infrastructure business revenue,...
Substandard Tyres Worth 10 million Destroyed in Six Months - SON
The Standard Organisation of Nigeria (SON) has revealed that it destroyed 10 million substandard tyres in six months.
In a statement, the Director General of SON, Mallam Farouk Salim, said this at a one-day sensitisation...
