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ECONOMY
Federal Allocation Drops as FG, States, LGAs Share N1.22Trillion for August
The Federal Accounts Allocation Committee (FAAC) has disbursed N1.2 trillion as allocation for the three tiers of government for the month of August.
The revenue distribution was revealed at the September 2024 FAAC held in meeting held…
NNPCL to Sell Dangote Petrol N950 in Lagos, N960 in South, N1,019 in Far North
The Nigerian National Petroleum Company Limited (NNPCL) has finally fixed the pump price of petrol that it started loading from the Dangote Refinery, Lagos on Sunday.
The NNPCL fixed the price of the product between N950 in…
Arrest of Joe Ajaero: We’ve Place Wokers on Alert Nationwide- NLC
The Nigeria Labour Congress (NLC) has placed all affiliate unions in the labour movement on red alert over the abduction of its National President, Comrade Joe Ajaero.
In a statement posted on the official X handle of the NLC, it…
We Didn’t Promise NLC that We’ll Not Increase Fuel Price- FG
The Presidency has clarified that President Bola Tinubu did not promise the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) that his administration would not raise the pump price of fuel.
On Tuesday, Abdulaziz…
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CBN Lifts Suspension on Bank Borrowing,Set Lending Rate At 31.75%
The Central Bank of Nigeria (CBN) has lifted the suspension on banks borrowing from its Standing Lending Facility (SLF) and set the lending rate at 31.75 percent, following decisions made at the 296th Monetary Policy Committee…
Tinubu Appoints Two New Directors for Bank of Industry
President Bola Tinubu has appointed Rotimi Akinde and Ifeoma Uz’Okpala to the Bank of Industry (BOI) as Executive Director of Corporate Finance & Risk Management and Executive Director of the Large Enterprises…
Nigeria Needs Sound Financial System to Attract Investments , Budget Minister Urges NFIU
Nigeria’s Minister of Budget and Economic Planning, Sen. Abubakar Bagudu, emphasized that Nigeria needs to attract more resources to fund its development agenda. He stated that achieving this requires the development of…
Northwest Commission Will Address infrastructure gaps, stimulate economy i
The Deputy President of the Senate, Senator Barau I Jibrin, has said that the North West Development Commission (NWDC), recently approved by President Bola Ahmed Tinubu, will address the infrastructure gaps in the seven states of…
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We Are Not Owing Oil Marketers- NNPCL
The Nigerian National Petroleum Company Limited (NNPCL) has debunked a report claiming that it owes international oil traders $6.8 billion.
Responding to allegations against the company in a statement on Sunday, Chief Corporate…
FG, States, LGAs Share Whooping N1,358.075 Trillion for the Month of July
The Federation Account Allocation Committee (FAAC), at its August 2024 meeting chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, shared a total sum of N1,358.075 Trillion to the…