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Category: Business

Business Economy

FG spent N2trn on debt servicing in six months – Zainab Ahmed

Iheanyi Ejiofor August 16, 2021 No Comments #Zainab Ahmed #Debt serving #N2.02 trillion #first six months

The federal government says it spent N2.02 trillion on debt servicing within the first six months of 2021 (January-June). The figure represents 90.6 percent of the retained revenue of N2.23…

Read More FG spent N2trn on debt servicing in six months – Zainab Ahmed
Business Economy headline

Petroleum Industry Bill signed into law by President Buhari

Iheanyi Ejiofor August 16, 2021 No Comments #Petroleum Industry Bill 2021 #signed into law #Buhari #PIB

By our reporter/ President Muhammadu Buhari on Monday signed into law the Petroleum Industry Bill 2021. Presidential spokesman, Femi Adesina who made the disclosure in a statement, said President Buhari…

Read More Petroleum Industry Bill signed into law by President Buhari
Business Economy

CBN: Nigeria’s inflation rate may drop to single-digit by 2022

Iheanyi Ejiofor August 16, 2021 No Comments #Cental Bank of Nigeria(CBN) ##Inflation #rate

By our reporter/ The country’s inflation rate may drop to 13 percent this year and single-digit by 2022, the Central Bank of Nigeria (CBN) has said. The apex banks director…

Read More CBN: Nigeria’s inflation rate may drop to single-digit by 2022
Business Economy headline

Again, Sanusi calls for removal of subsidy, says measure not sustainable

Iheanyi Ejiofor August 15, 2021 No Comments #Sanusi Lamido #subsidy#unsustainable

By our reporter/ Former Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido has again called for the removal of subsidy on petroleum products. The dethroned Emir of Kano…

Read More Again, Sanusi calls for removal of subsidy, says measure not sustainable
Business Economy

Twitter reacts to Nigerian govt’s plan to lift ban

Iheanyi Ejiofor August 12, 2021 No Comments #Twitter #Ban #lift #Nigeria

Social media giant Twitter has reacted to Wednesday’s decision by the Federal Government to lift the ban on the use of its platform in Nigeria. “We recently met with the…

Read More Twitter reacts to Nigerian govt’s plan to lift ban

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