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Category: Economy

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
Business Economy headline

Again, NNPC makes zero FAAC remittance as subsidy payments hit N3.3trn in 11 months

Iheanyi Ejiofor January 17, 2023 No Comments #NNPC#Subsidy payment#zero FAAC allocation

The Nigerian National Petroleum Company (NNPC) Limited says it deducted N152.85 billion as a shortfall for the importation of petrol (subsidy) in November 2022. The national oil company said this in its…

Read More Again, NNPC makes zero FAAC remittance as subsidy payments hit N3.3trn in 11 months
Business Economy headline

Three richest men in Nigeria have more wealth than 83m citizens – Oxfam report

Iheanyi Ejiofor January 17, 2023 No Comments #Oxfam#richest men in Nigeria

The three richest men in Nigeria have more wealth than 83 million citizens, a new report by Oxfam, an international confederation against poverty has revealed. Oxfam released the global inequality…

Read More Three richest men in Nigeria have more wealth than 83m citizens – Oxfam report
Business Economy headline

DSS denies invading Emefiele’s office at CBN

Iheanyi Ejiofor January 16, 2023 No Comments #CBN#DSSemefiele

Our repoter/ The Department of State Services (DSS) on Monday described reports that its operatives invaded the Central Bank of Nigeria (CBN) to arrest Godwin Emefiele, the CBN governor, as…

Read More DSS denies invading Emefiele’s office at CBN

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