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Category: Business

Business Economy headline

NNPC dismisses report it exported 17.87m barrels of oil without documentation

Iheanyi Ejiofor January 5, 2023 No Comments #NNPC

Our reporter/ The Nigerian National Petroleum Company (NNPC) Limited has denied the allegation that it exported 17.877 million barrels of crude oil without proper documentation from 2016 to 2020. A…

Read More NNPC dismisses report it exported 17.87m barrels of oil without documentation
Business Economy headline

Nigeria’s debt expected to hit N77trn, says DMO

Iheanyi Ejiofor January 5, 2023 No Comments #Debt#DMO#Nigeria

Our reporter/ Nigeria’s debt is expected to hit N77 trillion in the coming year, the Debt Management Office (DMO) has said. The Director General of the DMO Patience Oniha said…

Read More Nigeria’s debt expected to hit N77trn, says DMO
Business Economy headline

FG to end payment of fuel subsidy by June 2023

Iheanyi Ejiofor January 4, 2023 No Comments #Subsidy payment

The Federal Government will stop the payment of fuel subsidy by the end of June 2023, Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said. Ahmed, who…

Read More FG to end payment of fuel subsidy by June 2023
Business Economy headline

President Buhari signs N21.8tn 2023 Budget

Iheanyi Ejiofor January 3, 2023 No Comments #2023 Budget#Buhar

President Muhammadu Buhari has signed into law the Appropriation Bill, 2023 totalling N21.83 trillion. Speaking at the signing of the eighth and final annual budget of this Administration, the President…

Read More President Buhari signs N21.8tn 2023 Budget
Business Economy headline

IMF warns recession will hit one-third of world’s economy this year

Iheanyi Ejiofor January 2, 2023 No Comments #recessionIMF

Head of the International Monetary Fund (IMF), Kristalina Georgieva, has said the world’s economy is in for a tougher year as it projects one-third of the globe sliding into recession.…

Read More IMF warns recession will hit one-third of world’s economy this year

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