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Category: Economy and Capital Markets
Federal, state, and local governments receive N907 billion through FAAC.
Federal, state, and local government councils received N907.054 billion as revenue in June from the Federation Account Allocation Committee (FAAC). The sum increased from the N714.629 billion shared in May.…
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Oil marketer offers long-term remedy for fuel price increase
Amid the frustrations associated with the recent hike in the pump price of fuel to N617 per litre, the Chief Executive Officer of Emadeb Energy Service Limited, Debo Olujimi, said…
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Fuel prices are rising, and the FCCPC promises to crack down on unfair food prices.
The Federal Competition and Consumer Protection Commission (FCCPC) says it is crucial to address the anti-competitive behavior by market groups that has a negative impact on food costs amid increases…
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Disabled People May Receive Palliative Care At Home, World Bank
The World Bank has stated that throughout the implementation of the $800 million loan sanctioned by the bank as a subsidised palliative, people with disabilities may have the option of…
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Businesses were saved by Tinubu’s four executive orders – NECA DG and Oyerinde
According to the Nigerian Employers' Consultative Association, President Bola Tinubu's recent executive orders have prevented numerous organized enterprises in Nigeria from going out of business. NECA’s Director General, Adewale-Smatt Oyerinde…
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Shares’ value has increased by 84.7% as the stock market rises.
Yesterday's market trading value increased by 84.7%, as shares worth N95.01 billion were traded, up from N10.31 billion the day before. This huge growth demonstrates the high level of interest…
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Food costs for rice, tomatoes, yams, and other items rise in May – NBS
Food costs, including those of tomatoes, rice, and yams, have gone up in May amid the hardship brought on by the loss of gasoline subsidies. The National Bureau of Statistics,…
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JUST IN: Chinda, an ally of Wike, is elected minority leader of the House.
Kingsley Chinda, an ally of the former Governor of Rivers State Nyesom Wike, has emerged as the Minority Leader of the House of Representatives. Chinda and other principal officers of…
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Removal of fuel subsidies: ‘N400bn savings’ raises concerns
Nigerians are uneasy about the debate around the 'N400 billion savings' after the elimination of gasoline subsidies for more than 30 days. The Nigerian National Petroleum Corporation Limited's Group Executive…
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What Tinubu’s administration must do for Nigerians in times of hardship – CPPE
The Centre for Promotion of Private Enterprise has urged the government to take a direct intervention, such as palliatives, into consideration in light of the raging challenges brought on by…
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