BUSINESS
Ikpeazu Seeks Collaboration Of French Govt In Developing Enyimba Economic City
The Governor of Abia State, Dr. Okezie Ikpeazu has sought the collaboration of the Government of France in attracting French companies to invest in the State, especially the Enyimba Economic City. Governor Ikpeazu spoke on Tuesday when he received in audience, the French Ambassador to Nigeria, Mr Jerome Pasquier who paid him a courtesy visit at his Umuobiakwa Country Home. In...
Fuel Subsidy Removal: We Must Undergo This Pain To Emerge Victorious, Says Soludo
Governor Chukwuma Soludo of of Anambra state, has described the removal of fuel subsidy as a pain Nigeria must undergo before it will emerge “victorious.” Soludo made this assertion during the commissioning of the Solution Innovation District in Awka, the state capital on Thurday. The governor stressed the need for the country to embrace its greatest resource which he said is...
CBN To Supply Forex To Banks Only
The Central Bank of Nigeria, CBN has announced that Forex will only be supplied to banks as all sales to Bureau De Change operators (BDCs) have been discontinued. CBN Governor, Godwin Emefiele made this revelation during a Monetary Policy Committee (MPC) meeting on Tuesday, July 27th. Emefiele disclosed that the apex bank had to make this move because of the suspicious...
Reps Approve ₦8.4tn Borrowing, ₦6.3tn Debt Service
President Muhammadu Buhari will on Friday lay the 2023 Appropriation Bill before a joint session of the National Assembly in Abuja. Ahead of the Federal Government budget presentation, the House of Representatives, on Thursday, passed the 2023–2025 Medium Term Expenditure Framework and Fiscal Strategy Paper, which the President earlier presented to the National Assembly. The House approved an aggregate FGN expenditure...
Foreign Transactions Increases To N118.9bn On NGX
Foreign portfolio transactions on the Nigerian Exchange Limited surged to N118.9bn in May 2025, representing an increase of 88.54 per cent compared to N63.07bn recorded in April 2025. The rise in foreign inflows, equivalent to about $74.97m at the prevailing exchange rate, contributed significantly to the overall equity market activity, which saw total transactions jump by 45.32 per cent from...
House Committee Cautions CBN Against Economic Fallout Of High Interest Rates
As the Central Bank of Nigeria (CBN) prepares for its 300th Monetary Policy Committee (MPC) meeting this week, the House of Representatives Committee on National Planning and Economic Development has expressed concern over the adverse impact of sustained high interest rates on key economic sectors. Chairman of the committee, Hon. Gboyega Isiaka, issued the warning during a meeting with the...
Newspaper Propretors To Raise Cover Price From Jan. 2
The Newspaper Proprietors’ Association of Nigeria (NPAN), the umbrella body of all newspapers in Nigerian, has announced an increase in the cover prices of newspapers, with effect from January 2, 2024. In a statement by NPAN’s executive secretary, Mr. Feyi Smith, the decision to increase the cover prices became inevitable owing to rising production costs. The statement said: “With effect from...
Live Within Your Means, Psychologist Advises Nigerians
As the economic hardship takes a toll on Nigerians, Clinical Psychologist, Adedotun Ajiboye has advised people to live within their means. He also advised Nigerians to be their brothers’ keepers to avoid mental health issues. Ajiboye who works with the Ekiti State University Teaching Hospital, Ado Ekiti, gave this advice in an interview with the News Agency of Nigeria (NAN) in Abuja...
FG Stops Purchase Of Vehicles
Federal Government has stopped what it called non-critical and administrative capital spending, including the purchase of vehicles. The Special Adviser to the President on Media and Publicity, Femi Adesina, disclosed this in a document tagged, “What you need to know about the Nigeria Economic Sustainability Plan” made available to journalists in Abuja on Thursday. The plan was developed by the Economic...
Abia Sacks Management Of Four Farm Estates, To Open Bid For Fresh Managers
The Abia State government has said it will initiate a fresh open bidding process soon to bring in more credible investors into its four farm estates established across the state. This comes as the government has announced the revocation, with immediate effect, of contracts for the management of the four farm estates, stating that the managers failed in their contractual...
