Tinubu Unveils Economic Council
July 4, 2024Kidnappers Hijack 18-Seater Bus In Kogi En Route To Abuja
July 4, 2024
Thursday, July 4, 2024
Economy
3 Minutes
Tinubu Unveils Economic Council
President Bola Tinubu on Thursday inaugurated a 31-member Presidential Economic Coordination Council comprising himself, the Vice President, the Senate President, and the Chairman of the Nigerian Governors Forum, among others. Thursday’s inauguration comes three...
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5 Minutes
FG Meets Local Refiners Over Pricing, Faults Dangote
The Federal Government, on Tuesday, declared that there was no importation of dirty fuel into Nigeria, countering the recent position of an official of the Dangote Petroleum Refinery. It declared this after meeting with...
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1 Minute
FG Spent $15bn On Debt Servicing In Five Years — CBN Report
The Federal Government has spent a total of $15.55bn on debt servicing between 2019 and 2024, according to the latest data from the Central Bank of Nigeria. In 2019, Nigeria paid $588.33m in debt...
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4 Minutes
Naira Slump Pushes National Debt To N121tn
Nigeria’s total public debt has reached N121.67tn, increasing by N24.33tn or 24.99 per cent within three months, the Debt Management Office has announced. This new figure is from a total debt of N97.34tn ($108.23bn)...
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2 Minutes
Naira Depreciation Makes Lagos, Abuja Cheapest Global Cities For Expatriates To Reside-Economy Experts
Lagos, Nigeria’s commercial nerve centre, and Abuja, the nation’s capital, have been listed as the cheapest cities in the world for international workers to live in. The naira currency depreciation is responsible for the...
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5 Minutes
Local Refining May Crash Petrol Price To N300/Litre – Modular Refineries
The pump price of Premium Motor Spirit, popularly called petrol, should drop to about N300/litre upon the commencement of massive production by the Dangote Petroleum Refinery and other indigenous producers, operators of modular refineries...
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2 Minutes
‘Naira To Rebound Over $1.3b Forwards Settlement’
The naira is expected to rebound in the coming months following the settlement of over $1.3 billion foreign exchange (forex) forwards contracts by the Central Bank of Nigeria (CBN) last week, analysts have predicted....
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3 Minutes
Subsidy Gone, Leaked Documents Unofficial-Presidency Insists
The Presidency has said two trending fiscal policy documents in circulation are still proposals and have not been approved by President Bola Tinubu. It also reiterated that the fuel subsidy regime has ended, and...
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1 Minute
CBN Raises Interest Rate To 26.25%
The Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark interest rate to 26.25 per cent. This was disclosed by the Governor of the CBN who doubles as the Chairman...
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1 Minute
BREAKING: Tinubu Directs Settlement Of Gas, GenCos Debts
President Bola Ahmed Tinubu has directed the Ministry of Finance to settle the debt owed in respect of gas supplied to the power sector. He has also given directive for the payment of the...
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