Economics
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Fuel crisis may affect inflation, says Statistician-General
The Statistician-General of the Federation, Mr. Simon Harry, has said the present fuel crises being experienced across the nation may…
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Supplementary budget: FG proposes N2.5tn for petrol subsidy
The President, Major General Muhammadu Buhari (retd.), on Tuesday, transmitted the 2022 Appropriation Act (Amendment) Bill to the National Assembly,…
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Reps approve Customs’ N369bn budget, raises revenue target by N965bn
The House of Representatives Committee on Customs and Excise has approved a budget with estimates totalling N369.14bn for the Nigeria…
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FCT loses N800bn annually to fraudulent estate developers – National Assembly
The House of Representatives’ ad hoc committee investigating the operations of real estate developers in the Federal Capital Territory has…
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Naira slides again, exchanges for 417.51/dollar
The naira continued its downward trend as the dollar was sold for N417.51 at the official market on Thursday. This…
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Petrol transporters gradually halt operations over low freight rates
Transporters of Premium Motor Spirit, popularly called petrol, on Thursday said the nationwide scarcity of PMS was partly due to…
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Remove fuel subsidy, official exchange rate, IMF urges FG
Two weeks after the Federal Government suspended the removal of petrol subsidy, the International Monetary Fund has again urged the…
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External reserves slides to four months low at $39.98bn
The external reserves have fallen below the $40bn mark to the lowest point in over three months, figures from the…
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Coup: Osinbajo in Accra for ECOWAS meeting on Burkina Faso, Mali, Guinea
Vice President Yemi Osinbajo departs Abuja on Thursday morning for Accra, Ghana, to represent Nigeria at an Extraordinary Summit of…
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Fuel subsidy: Nigeria’ll pay a price, borrowings may continue – Presidency
The Presidency on Wednesday said Nigeria will have to pay a price to continue subsidising Premium Motor Spirit, popularly called…
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