Economy
Amid VAT Controversy, FG, States, LGs Share N696.97bn As Revenue Hits N166.228bn
The Federation Accounts Allocation Committee (FAAC) has shared a total of N696.965 billion as federation allocation for the month of August....
Read moreDetailsSenate Passes 2022-2024 MTEF/FSP, Okays N13.98trn Budget Projection For 2022
*Approves USD$57 per barrel oil benchmark, N410/US$1 Exchange rate The Senate has passed the 2022-2024 Medium Term...
Read moreDetailsIOCs’ Preference For Oil Deposits Limiting Exploration Activities,As Uncoordinated Policies Increase Cooking Gas Prices
While Nigerians continue to reel under the yoke of economic visscitudes typified by rising prices of food items and depreciation...
Read moreDetailsBuhari Commences Implementation Of PIA, Directs Incorporation Of NNPC Limited, Appoints Board Members
President Muhammadu Buhari has directed the incorporation of the Nigerian National Petroleum Company Limited. Malam Garba Shehu, the President’s...
Read moreDetailsAgain, CBN Retains Anchor Borrowing Rate At 11.5% Amid Uncertainty In FX Market
The Central Bank of Nigeria (CBN’s) Monetary Policy Committee has maintained its key lending rate at 11.5 per cent, with...
Read moreDetailsHow ‘Serial’ Naira Depreciation Choking Consumers Through Rising Prices Of Food Items
The continued depreciation of local currency, with alarming exchange rate between N565/7 to the dollar, is taking its toll on...
Read moreDetailsHeadline Inflation Decelerates For Fifth Month On Base-Year Support, Despite Rising Poverty As Analysts Foresee 50bps likely Cut In MPR
The Consumer Price Index (CPI) report released by the nation's Bureau of statistics (NBS) on Wednesday revealed that the headline...
Read moreDetailsAgain, Buhari Seeks Approval For Fresh Loan Of $4bn, €710m, Writes Senate
President Muhammadu Buhari has again written the Senate, seeking for the approval of fresh borrowing to the tune of $4,054,476,863...
Read moreDetailsCBN Investigates Banks For FX Malpractices, Threatens Suspension Of Licenses Of Culprits, Insists On KYCB By Banks
Worried by the prevalent of foreign exchange malpractces, resulting in poor showing of the local currency against other...
Read moreDetailsVAT: A/Court Order Raises Concerns As Analysts Insist On Equity, Expeditious Action
The order of the appeal court sitting in Abuja to all parties to maintain status quo has continued to raise...
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