Economy

Reps minority demands immediate reversal of petrol price

A Effanga - September 5, 2024

The Minority Caucus of the House of Representatives has urgently called for the reversal of the recent increase in petrol prices, emphasizing that this hike will inevitably worsen the suffering of Nigerians. The caucus expressed it concerns in a statement...

Business

NNPCL may stop importation of petrol as depots price nears N1,000/ltr

Mfon Ekanem - September 3, 2024

The pump prices of Premium Motor Spirit (PMS), commonly referred to as petrol, may soon exceed N1,000 per liter at filling stations across Nigeria. This is due to the escalating costs of the commodity at private depots, where prices...

Economy

Atiku demands immediate listing of NNPCL on stock exchange in line with PIA

Mfon Ekanem - September 2, 2024

Former Vice President Atiku Abubakar has called for the immediate listing of the Nigerian National Petroleum Corporation Limited (NNPCL) on the stock exchange, as mandated by the Petroleum Industry Act (PIA). This demand is coming in the wake of...

Economy

Continued killings, kidnappings in Nigeria’s food basket raise concerns

A Effanga - September 2, 2024

Killings have continued unabated in Benue State despite pledges by both the government and the security agencies to end the decades of bloodshed. The situation remains dire, and the residents of Benue are caught in a seemingly endless cycle...

Economy

Have Licensed Loan Apps Become Survival Lifelines for Nigerians?

A Effanga - August 31, 2024

In the face of Nigeria’s economic uncertainties, marked by fluctuating exchange rates, rising inflation, and widespread unemployment, licensed loan apps have emerged as a beacon of hope for many Nigerians. These digital financial solutions offer quick access to funds,...

Economy

Amid CBN Retail Dutch Auction System Naira loses N30 against dollar weekly

Mfon Ekanem - August 31, 2024

In the past week, the Nigerian Naira experienced a significant decline in value against major foreign currencies, with notable losses observed in both the parallel and official foreign exchange markets. This depreciation occurred despite the efforts of the Central...

Economy

Naira Falls Against Dollar in Official and Black Markets on Friday

Mfon Ekanem - August 31, 2024

The naira faced a significant decline against the dollar at both the official and parallel foreign exchange markets, ending the week on a negative note. According to data from the FMDQ, the naira depreciated to N1598.56 per dollar on Friday,...

Economy

Arewa youths resist calls to remove NMDPRA boss over toxic fuel import allegations

Emeka Udeh - August 31, 2024

The recent clash between the Arewa Youth Assembly and the Coalition of Northern Youths Organization has stirred significant controversy. The dispute centers around a call for the dismissal of Engr. Farouk Ahmed, the Chief Executive Officer of the Nigerian...

Business

Rewane: Tinubu’s $1 Trillion Economic Goal for Nigeria Is Unachievable

Emeka Udeh - August 31, 2024

Bismarck Rewane, a renowned economist and the Chief Executive Officer of Financial Derivatives, has expressed skepticism about Nigeria’s goal of reaching a $1 trillion economy under President Bola Ahmed Tinubu. According to Rewane, this ambitious target is unlikely to...

Business

Ajaero attends police invitation with Falana and other supporters.

Emeka Udeh - August 29, 2024

President of the Nigerian Labour Congress (NLC), Joe Ajaero, was seen leaving the Labour House in Abuja on Thursday morning, as he headed to the police station to honor an invitation by the Nigerian police. This development comes against a...

12 3...7 Page 1 of 7

- Advertisement -