Category: Economy and Capital Markets

Owners with C of O in Ikorodu GRA Lagos Receive allotted lands back from Lagos State Government

The encroached portion of Ikorodu Government Reserved Area (GRA) Scheme III, which is located in Odonla, Lucky Fibre axis of Ikorodu, has been regained by the Lagos State Government. Dr…

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The Okada Ban in Lagos – Dilema and possible consequences.

Although the ban is admirable, but the government must address the issues it raises. About 100 motorcyclists stormed a residential estate in Abuja's Lokogoma neighbourhood last Sunday, tearing down the…

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Dino Melaye-Nigeria’s Ecomomy got worst under Buhari Tenure

Prior to their identifier as wanted persons by the EFCC, the President of BMCSL had filed an originating summons against the anti-graft agency before the Federal High Court in Yenagoa.…

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8 Years Later, and the Naira Continues to Plunge Under the Watchful Eyes Of CBN Governor Emefiele

The official rate of the Naira against the US Dollar has declined from N164 to N419 since the central bank's Governor, Godwin Emefiele, took office in March 2014. (or 61…

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NESG wants FG to reopen borders, decries petrol, electricity price hike

The Nigerian Economic Summit group has today released a statement on the state of the Nigeria Nation to address major issues.The statement was signed by ‘Laoye Jaiyeola – CEO, NESG…

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FG announces total removal of subsidy, petrol price to be determined by market forces

Nigerians may experience a more severe energy crisis as the Federal Government jas resolved it is no more going to be releasing guiding price bands for the sale of Premium…

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Food scarcity: Nigeria borrows 5000 metric tonnes of grains from ECOWAS

As the prices of food commodities in Nigeria continue to sky rocket, the Federal Government on Sunday said a total of 5,000 metric tonnes of assorted grains were borrowed by…

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Nigerians should accept and bear PMS price, electricity tarrif increase – Ogun Governor

The governor of Ogun State, Dapo Abiodun, on Thursday expressed his support for the hike in electricity tariff and fuel pump price. As Nigerians continue to groan over the recent…

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Nationwide protests imminent as NLC, Nigerians reject petrol price hike

There may be demonstration nationwide as the Nigerian Labour Congress (NLC) yesterday rejected the hike in prices of Premium Motor Spirit (PMS) popularly known as petrol and electricity tariff. Ayuba…

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Nigeria loses N300 Billion to gas flaring in 7 months

Gas flaring in Nigeria’s oil fields has taken a huge toll on the economy, as the country flared 225.1 billion standard cubic feet of gas, between January and July 2020.…

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