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Category: Economy

Business Economy headline

Petrol subsidy to remain till after 2023 election – FG

Iheanyi Ejiofor August 29, 2022 No Comments #Petrol subsidy #2023 election #Zainab Ahmed

By our reporter| The current petrol subsidy regime will remain in place until mid-2023, the federal government said on Monday. The Minister of Finance, Zainab Ahmed, who made the disclosure…

Read More Petrol subsidy to remain till after 2023 election – FG
Business Economy

Dangote to save forex, through 40% sugar import substitution

Iheanyi Ejiofor August 29, 2022 No Comments #Dangote #forex #import substitution

…To employ 30,000 youths in Nasarawa Management of Dangote Sugar Refinery Plc has resolved to significantly reduce the importation of sugar into the country by 40 percent, thus paving the…

Read More Dangote to save forex, through 40% sugar import substitution
Business Economy headline

Naira decline persists, crosses N700/$ mark at parallel market

Iheanyi Ejiofor August 29, 2022 No Comments #Naira #parallel market #CBN #Dollar-to-naira rate

The naira continued its downward slide on Monday, falling to N702 per dollar at the parallel market. The figure represents N10 or 1.4 percent depreciation compared to the N692 it…

Read More Naira decline persists, crosses N700/$ mark at parallel market
Business Economy headline

CBN releases $265m of airlines trapped fund

Iheanyi Ejiofor August 27, 2022 No Comments #CBN #Airlines trapped fund

By our reporter| The Central Bank of Nigeria (CBN) on Friday released the sum of $265 million to airlines operating in the country to settle outstanding ticket sales in an…

Read More CBN releases $265m of airlines trapped fund
Business Economy

Zenith Bank grows gross earning by 22% in Q1

Iheanyi Ejiofor August 24, 2022 No Comments #Zenith Bank

Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2022, with a growth of 22 per cent in Gross Earnings from N157.3 billion reported…

Read More Zenith Bank grows gross earning by 22% in Q1

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