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Category: Economy

Business Economy

PIB: No plan to increase fuel price, cooking gas prices to drop – FG

Iheanyi Ejiofor August 17, 2021 No Comments #PIB #fuelprice #3% host communities fund

By our reporter/ The federal government on Tuesday assured that the price of petrol will still sell at between N162 and N165 per litre despite the signing of the Petroleum…

Read More PIB: No plan to increase fuel price, cooking gas prices to drop – FG
Business Economy headline

Nigeria’s inflation rate slows for four consecutive time to 17.38% in July

Iheanyi Ejiofor August 17, 2021 No Comments #inflation #rate #National Bureau of Statistics (NBS) #Nigeria

By our reporter/ Nigeria’s inflation rate slowed for the fourth consecutive time to 17.38 percent in July from 17.75 in June. This is according to the ‘Consumer Price Index Report…

Read More Nigeria’s inflation rate slows for four consecutive time to 17.38% in July
Business Economy headline

Mele Kyari: NNPC will cease to exist within six months

Iheanyi Ejiofor August 17, 2021 No Comments #Mele Kyari #NNPC #Private company #PIB

By our reporter/ The Nigerian National Petroleum Corporation (NNPC) will cease to exist within the next six months as specified by the Petroleum Industry Act (PIA) signed into law by…

Read More Mele Kyari: NNPC will cease to exist within six months
Business Economy

FG spent N2trn on debt servicing in six months – Zainab Ahmed

Iheanyi Ejiofor August 16, 2021 No Comments #Zainab Ahmed #Debt serving #N2.02 trillion #first six months

The federal government says it spent N2.02 trillion on debt servicing within the first six months of 2021 (January-June). The figure represents 90.6 percent of the retained revenue of N2.23…

Read More FG spent N2trn on debt servicing in six months – Zainab Ahmed
Business Economy headline

Petroleum Industry Bill signed into law by President Buhari

Iheanyi Ejiofor August 16, 2021 No Comments #Petroleum Industry Bill 2021 #signed into law #Buhari #PIB

By our reporter/ President Muhammadu Buhari on Monday signed into law the Petroleum Industry Bill 2021. Presidential spokesman, Femi Adesina who made the disclosure in a statement, said President Buhari…

Read More Petroleum Industry Bill signed into law by President Buhari

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