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Category: Economy

Economy headline

NNPC requests N3trn for 2022 fuel subsidy

Iheanyi Ejiofor January 26, 2022 No Comments NNPC requests N3trn for 2022 fuel subsidy

  By Our Reporter The Nigerian National Petroleum Corporation (NNPC) has requested the sum of three trillion naira (N3,000,000,000,000) as fuel subsidy for 2022, Minister of Finance, Budget, and National…

Read More NNPC requests N3trn for 2022 fuel subsidy
Economy headline

Suspending fuel subsidy removal will lead to more borrowings – Presidency

Iheanyi Ejiofor January 26, 2022 No Comments Suspending fuel subsidy removal will lead to more borrowings – Presidency

By Our Reporter Those lamenting Nigeria’s mounting debt profile may have to worry further as country may have to continue to borrow due to the suspension of the removal of…

Read More Suspending fuel subsidy removal will lead to more borrowings – Presidency
Business Economy

Dangote retains status as Africa’s richest man – Forbes

Iheanyi Ejiofor January 25, 2022 No Comments #Dangote

Businessman Aliko Dangote has retained his status as the richest man in Africa, according to Forbes. Forbes, an American business magazine, is renowned for tracking the wealth of billionaires across…

Read More Dangote retains status as Africa’s richest man – Forbes
Business Economy headline

CBN retains interest rate at 11.5%

Iheanyi Ejiofor January 25, 2022 No Comments #CBN #Interest rate #retain

By our reporter/ The monetary policy committee of the Central Bank of Nigeria (CBN) on Tuesday voted to retain the monetary policy rate (MPR), which measures interest rate, at 11.5…

Read More CBN retains interest rate at 11.5%
Business Economy headline

Why we are proposing extension of petrol subsidy removal – FG

Iheanyi Ejiofor January 25, 2022 No Comments #petrol subsidy

By our reporter/ The Federal Government on Tuesday proposed an extension of the period for the implementation of the removal of subsidy on Premium Motor Spirit (PMS), popularly known as…

Read More Why we are proposing extension of petrol subsidy removal – FG

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