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Category: Business

Business Economy headline

FG denies hiking petrol price, says mischief makers behind move

Iheanyi Ejiofor January 20, 2023 No Comments #petrol price

Our reporter/ The federal government on Friday denied increasing the price of premium motor spirit, also called petrol. Several media reports on Thursday claimed that the federal government quietly approved…

Read More FG denies hiking petrol price, says mischief makers behind move
Business Economy headline

NESG projects Nigeria’s unemployment rate to hit 37% in 2023

Iheanyi Ejiofor January 19, 2023 No Comments #NESG#unemployment rate

The Nigerian Economic Summit Group (NESG) has projected the country’s unemployment rate to rise to 37 percent in this year. The private sector-led think-tank made the projection in its latest…

Read More NESG projects Nigeria’s unemployment rate to hit 37% in 2023
Business Economy headline

CBN threatens to sanction banks dispensing old Naira notes

Iheanyi Ejiofor January 19, 2023 No Comments #old naira notescbn

The Central Bank of Nigeria (CBN) on Thursday threatened to sanction commercial banks in Ogun State dispensing the old naira notes. The apex bank introduced new naira notes – N200, N500,…

Read More CBN threatens to sanction banks dispensing old Naira notes
Business Economy

NCC renews MoU with Lottery Commission

Iheanyi Ejiofor January 18, 2023 No Comments #lottery commission#MoU#NCC

The Nigerian Communications Commission, NCC, Wednesday in Abuja, signed a revised Memorandum of Understanding with the National Lottery Regulatory Commission, NLRC, with provisions to deter unapproved lottery and gaming practices…

Read More NCC renews MoU with Lottery Commission
Business Economy headline

Nigeria’s external reserves healthy enough to withstand global recession, says FG

Iheanyi Ejiofor January 18, 2023 No Comments #external reserve#Nigeria

Nigeria has enough foreign exchange reserves to withstand a global recession this year, the federal government said on Wednesday. Zainab Ahmed, minister of finance, budget and national planning, who made…

Read More Nigeria’s external reserves healthy enough to withstand global recession, says FG

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