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Category: Economy

Business Economy

Economic Sabotage: Count us out – NNPC Ltd             

Iheanyi Ejiofor August 7, 2024 No Comments #Economic sabotage#NNPCLMele Kyari

The Group Chief Executive Officer of NNPC Limited, Mr. Mele Kyari has said the company has not breached any of the enabling laws guiding its dealings with partners, hence should…

Read More Economic Sabotage: Count us out – NNPC Ltd             
Business Economy headline

CBN approves N700bn bailout for Unity, Providus banks’ merger

Iheanyi Ejiofor August 7, 2024 No Comments #CBN#Loan#Merger#Providus bank#Unity bank

The Central Bank of Nigeria (CBN) has approved a financial package of N700 billion to support the proposed merger between Unity Bank Plc and Providus Bank Limited. In a letter…

Read More CBN approves N700bn bailout for Unity, Providus banks’ merger
Business Economy headline

NNPCL officials not thieves, says Kyari

Iheanyi Ejiofor August 7, 2024 No Comments #NNPCLMele Kyari

Our reporter/ Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, on Wednesday dismissed allegations that staff of the company are behind substandard importation…

Read More NNPCL officials not thieves, says Kyari
Business Economy headline

Nigeria spends $600m monthly on petrol importation – Wale Edun

Iheanyi Ejiofor August 7, 2024 No Comments #import duty suspension#Petrol importation#Wale Edun#Windfall tax

Nigeria’s minister of finance and coordinating minister of the economy, Wale Edun has revealed that the country currently spends $600 million on petrol importation monthly. Edun, who spoke on Tuesday…

Read More Nigeria spends $600m monthly on petrol importation – Wale Edun
Business Economy headline

Implementation of duty waiver on imported foods to begin next week, says Customs

Iheanyi Ejiofor August 7, 2024 No Comments #Bashir Adeniyi#Nigeria Customs Service (NCS)#Waiver

Our reporter/ The comptroller general (CG) of the Nigeria Customs Service (NCS), Bashir Adeniyi has confirmed that the duty waiver on imported foods would be implemented within the next one…

Read More Implementation of duty waiver on imported foods to begin next week, says Customs

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