adminNaira falls to all-time low on official window, trades 1348/$
The naira fell to an all-time low of N1348.63/$ on the Nigerian Autonomous Foreign Exchange Market on Monday. This signifies a 51.21 per cent fall from the N891.90/$ the…
FG makes U-turn, says it’s not recruiting ‘area boys’ to collect taxes
Taiwo Oyedele, chairman of the presidential committee on fiscal policy and tax reforms, says the federal government is not recruiting ‘area boys’ to collect taxes. During an interview on…
Tinubu should explain NNPCL’s $3.3bn loan deal — Atiku
The 2023 presidential candidate of the Peoples Democratic Party, Atiku Abubakar, has asked President Bola Tinubu to account for the Nigerian National Petroleum Company Limited’s $3.3 billion emergency crude…
CBN will bring inflation down to 21.4% in 2024 – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, said that the apex bank is working to reduce the headline inflation rate to 21.4 per cent…
Foreign medical, school bills gulped $1.58bn in six months – CBN
Nigerians spent $1.58bn on health tourism, foreign education, and other personal matters in six months, data from the Central Bank of Nigeria have revealed. The data from the apex…
FG plans over $3tn for energy transition
The Minister of State for Petroleum Resources (Oil), Dr Heineken Lokpobiri, has disclosed that Nigeria will spend a total sum of $3.1tn to transit from fossil fuel to cleaner…
FG saves N8tn from subsidy removal, FX reform –Tinubu panel
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said the Federal Government will be saving N8tn annually from the fuel subsidy removal and…
Nigeria’s Inflation Rate Rises To 28.9%
The country’s inflation rate is now at 28.9 %, according to figures from the National Bureau of Statistics (NBS). This was disclosed in the NBS December 2023 Consumer Price…
Despite CBN’s $2bn debt repayment Naira at 1082/$
The naira has lost 26.36 per cent of its value against the dollar at the official Investor and Exporter window of the foreign exchange market since the Central Bank…
No plans to increase pump price – House Chairman committee on Petroleum Downstream sector
The Chairman of the House of Representatives Committee on the Down stream petroleum sector, Hon Ikenga Imo Ugochiynere ( Ideato Federal Constituency of Imo state ), has said that…
‘Subsidy Entirely Removed’, NNPC Says No Dispute With Marketers
The Nigerian National Petroleum Company (NNPC) Limited has denied that it had a dispute with independent petrol marketers over an alleged subsidy on Premium Motor Spirit (PMS). There were…
NNPC: 112 incidents of crude oil theft recorded in one week in Niger Delta
The Nigerian National Petroleum Company (NNPC) Limited says it recorded 112 incidences of crude oil theft across the Niger Delta in one week. In a documentary posted on its…
BREAKING: Tinubu signs N28.78tn 2024 Budget into law
President Bola Tinubu has just signed the N28.78 trillion 2024 Budget into law at the Presidential Villa, Abuja. President Tinubu, who arrived his office from the airport at exactly…
2024 budget: Senate gets N49bn, House N78.6bn allocations
The House of Representatives on Saturday approved a total of N28.78 trillion in expenditure for the 2024 fiscal year. This was N1.2 trillion more than the N27.5 trillion budgetary…
BREAKING: Senate Passes N28.7tn As 2024 Appropriation Bill
The Senate has approved the sum of N28.7 trillion as the 2024 appropriation bill. The upper chamber passed the bill at the plenary on Saturday. President of the Senate,…
