Nigeria FG taking steps to ameliorate rising cost of staple foods – Minister
Minister of Information and National Orientation, Alhaji Mohammed Idris, says the Federal Government is aware of the rising cost of staple foods in the markets.…
Business
Account for funds from US, suspended treasurer tells Abure
The suspended National Treasurer of the Labour Party, Ms Oluchi Oparah, has challenged the party’s National Chairman, Julius Abure, to give an account of the…
Nigerian Breweries hike beer prices amid production costs spike
Nigerian Breweries Plc has issued a new price review notification to all its customers in the West Zone. According to a letter dated Monday, February…
IOCs withhold fresh investments over $1.3bn debt
The Federal Government is now implementing measures to significantly reduce the cost of Liquefied Petroleum Gas, popularly called cooking gas, the Minister of State for…
Naira weakens at official market, banks sell $584m
The value of foreign exchange transactions recorded on the official Nigeria Autonomous Foreign Exchange Market has risen to $584m, according to data posted on the…
Airfares to UK, US, others jump by 55%
The depreciation of the naira against the United States dollar by 55 per cent at the official foreign exchange market has led to a commensurate…
Arsenal make contact over Osimhen deal
Premier League giants Arsenal have made contact over a potential move for in-demand Nigerian striker Victor Osimhen as they hope to sign him from Italian side…
World Bank projects 3.7% growth for Nigerian economy 2025
The World Bank has predicted that Nigerian Gross Domestic Product will grow by 3.7 per cent in 2025. The World Bank in its latest report…
Foreign medical, school bills gulped $1.58bn in six months – CBN
Nigerians spent $1.58bn on health tourism, foreign education, and other personal matters in six months, data from the Central Bank of Nigeria have revealed. The…
Foreign airlines repatriate N795bn in six months – CBN report
Foreign airlines repatriated N795.48bn from Nigeria in six months, data from the Central Bank of Nigeria have shown. Data from the apex bank’s Balance of…
5G revenues to jump by 32% as operators eye $400b
More investments in fifth-generation (5G) networks are expected to bring operators a 32 per cent revenue jump, which could fetch them $400 billion by the…
NNPCL not transparent on subsidy, dollar revenues – World Bank
The Nigeria National Petroleum Corporation Limited is not transparent about the financial gains from fuel subsidy removal, the World Bank has disclosed. This extends to…