Hunger Protest may Inflict N400bn Loss Daily The Centre for the Promotion of Private Enterprise (CPPE) has cautioned that the protests could inflict an estimated daily loss of N400bn, with severe consequences for the country and its citizens. The Director/CEO of CPPE, Dr. Muda Yusuf, disclosed...

Cash Crunch Persists Amid N3.4trn in circulation As current naira scarcity enters its third week, economic experts including Dr Muda Yusuf, CEO of the Centre for Promotion of Private Enterprise (CPPE) has asked the Central Bank of Nigeria (CBN) to find a lasting solution to...

Report Reveals Economy Lost N20trn On CBN’s 70% Cash Mop-up   Nigeria’s economy is grinding to a halt and has lost about N20tn following the over 70 per cent mop-up of cash by the Federal Government through the Central Bank of Nigeria, a new report by...

FG Will Save N10trn On Fuel, FX Subsidies Removal - CPPE   Nigeria is going to save about N10tn annually by the elimination of subsidies on Premium Motor Spirit, popularly called petrol, and foreign exchange, a report released on Sunday by Centre for the Promotion of...

Subsidy May Hit N5trn As Oil Hits $140   Oil price yesterday hit S140 per barrel as the Russia-Ukraine war continues. The spike followed the announcement early yesterday by the United States’ President, Joe Biden, of a ban on Russian energy imports, including oil, coal, and LNG,...

Diesel Price Rises To N280/litre       The price of a litre of Automotive Gas Oil, also known as diesel, has risen to N280, buoyed by the recent increase in global oil prices and naira devaluation. It was reported earlier this year that some filling stations in Lagos...