BUSINESS
Reps Probe Petrol Subsidy Under President Buhari, Allege $7 Billion Diversion
The House of Representatives has set up an ad-hoc committee to investigate the petroleum products subsidy regime under President Muhammadu Buhari. The lawmakers asked the committee to carry out the probe from 2017 to 2021. This followed the adoption ...
Refineries Can’t Start Working Now — Kyari
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said the country’s moribund refineries cannot be quickly restored. Speaking in Abuja on Tuesday when he appeared before the House of Representatives ...
Buhari Jets Out To Portugal, To Take Part In UN Ocean Conference
President Muhammadu Buhari will on Tuesday, June 28, depart Abuja on a State Visit to Portugal at the invitation of President Marcelo Rebelo de Sousa. The President, who will hold official talks with his Portuguese counterpart will be conferred with ...
ANAN Abuja Chairman, Omoniyi Felicitates With Oduwa Izekor On Investiture As ICAN Abuja, District Society Chairman
The Chairman Association of National Accountants of Nigeria, ANAN FCT 1, Abuja, Wahab Shina Omoniyi, FCNA has congratulated Mr. Oduwa Joseph Izekor FCA on his investiture as the Institute of Chartered Accountants of Nigeria, ICAN Abuja and District S...
How Nigeria Spent N896.7bn On Debt Servicing In Q1’22
Nigeria spent N896.7 billion on domestic and foreign debt servicing in the first quarter of 2022, Q1’22 , representing a 12 per cent year-on-year (YoY) decline from N1.02 trillion spent in the corresponding period of 2021. In its External and Domes...
FG To Spend N360bn In Repair Of Tin-Can Island Port
Indication has emerged that the reconstruction of Nigeria’s second largest seaport, the Tin-Can Island Port in Lagos, will gulp about 600 million US dollars (N360 billion). Recall that the Nigeria port Authority hinted at rehabilitating the Tin-Can...
Nigerian Government Slams New Tax On Telephone Calls
The Federal Government has slammed a new tax on phone calls in the nation to fund free healthcare for the Vulnerable Group in Nigeria. This is despite recent moves by telecommunication companies to increase the price of their services as a result of ...
FG Fixes Date For Resumption Of Abuja-Kaduna Train Services
The Abuja-Kaduna train service will resume on May 23, the Federal Government said on Monday. Train services had been suspended on the route after terrorists attacked a train, fatally shot several persons, and abducted scores of passengers in March. M...
Inflation Rises To 16.82% In April 2022 – NBS
The National Bureau of Statistics, NBS, said inflation rate rose to 16.82 percent in April 2022, representing a 0.90 percent rise when compared to 15.92 per cent recorded in March 2022. The bureau also said that the composite food index rose year...
Ruble Up Against Dollar, Euro As Foreign Currency Trading Starts On Moscow Exchange
The ruble strengthened against the dollar and the euro as foreign currency trading started on Moscow Exchange on Monday compared with previous closing. As of 10:20 am Moscow time, the dollar exchange rate was down by 1.29% at 63.71 rubles, while the ...
