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Category: Economy

Business Economy headline

FG approves 5bn subsidy palliative palliative for each state, FCT

Iheanyi Ejiofor August 17, 2023 No Comments #subsidy palliative

Our reporter/ The federal government on Thursday approved N5bn for each state and the Federal Capital Territory (FCT) to enable them to procure food items for distribution to the poor…

Read More FG approves 5bn subsidy palliative palliative for each state, FCT
Business Economy headline

Emefiele’s N6.9bn fraud trial stalled, adjourned to Aug 23

Iheanyi Ejiofor August 17, 2023 No Comments emefiele

Our reporter/ The arraignment of suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, at the Federal Capital Territory (FCT) High Court in Abuja over N6.9 billion alleged procurement fraud…

Read More Emefiele’s N6.9bn fraud trial stalled, adjourned to Aug 23
Business Economy headline

NNPCL secures $3 billion Afrexim Bank loan to support FG, stabilise FX rates

Iheanyi Ejiofor August 16, 2023 No Comments #NNPC

Our reporter/ The Nigeria National Petroleum Company Ltd and Afreximbank have jointly signed a commitment letter and termsheet for an emergency $3 billion crude oil repayment loan. In a statement…

Read More NNPCL secures $3 billion Afrexim Bank loan to support FG, stabilise FX rates
Business Economy headline

Nigeria to likely experience strong economic growth for rest of 2023 – NESG

Iheanyi Ejiofor August 16, 2023 No Comments #Nigeria#strong economic growth

Our reporter/ The Nigerian Economic Summit Group (NESG) on Tuesday predicted that Nigeria will experience stronger economic growth as business activities increase in the remaining part of the year. Laoye…

Read More Nigeria to likely experience strong economic growth for rest of 2023 – NESG
Business Economy headline

Tinubu says no fuel price increase for now, mulls return of subsidy

Iheanyi Ejiofor August 15, 2023 No Comments #subsidy#Tinubu

Our reporter/ President Bola Tinubu on Tuesday assured Nigerians that there will be no increase in the pump price of petrol, even as he considers temporary reinstatement of the fuel…

Read More Tinubu says no fuel price increase for now, mulls return of subsidy

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