7:38 AM May 22, 2022

Economy and Business

‘12, 000 imported vehicles trapped in ports over strike’

The Ndigbo Amaka Progressive Association, Southeast Lagos and Shippers Association of Lagos have said that over 12,000 imported vehicles are currently trapped at the ports as a result of the ongoin...

Reps oppose VAT on Exclusive List

The Majority of members of the House of Representatives have voted against a bill seeking to put Value Added Tax on the Exclusive Legislative List.Bill 34 containing the proposal failed to m...

FG to provide jobs for five million farmers – NITDA

The Federal Government says it is ready to provide job opportunities for no fewer than five million farmers in Nigeria.The Director-General/CEO of National Information Technology Development...

Don’t fall victim, verify lands before purchase, FG tells Lagos residents

The Federal Government has appealed to the public, particularly Lagos State residents to always verify all lands with state and Federal Government agencies before purchase, in order not to fall vic...

Fuel scarcity: IPMAN accuses Maiduguri NNPC depot of hoarding

Independent Petroleum Marketers Association of Nigeria has accused the Maiduguri Nigeria National Petroleum Company Limited Depot of hoarding petrol meant for its members thereby escalating the fue...

Fuel scarcity: Black market operators make brisk business in Gombe

Some dealers of Premium Motor Spirit, popularly known as fuel, have been making huge returns following the return of long queues in the Gombe metropolis.Our correspondent reports that fuel f...

CBN tackling economic challenges via interventions – Emefiele

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said the CBN is tackling the economic challenges facing the Nigerian economy through its various challenges.Emefiele, rep...

Legal logjam frustrates Reps’ intervention in $3.1bn e-Customs deal

• Nigeria risks losing $8.8bn annually – LawmakersThe House of Representatives’ Joint Committee on Customs and Excise; Finance; and Banking and Currency, on Monday, failed to broker a truce ...

JUST IN: We regret pains caused by adulterated fuel, NNPC begs Nigerians

The Nigerian National Petroleum Company Limited has said it regrets the hardships it caused Nigerians by the importation of off-spec Premium Motor Spirit, known as petrol.The Group Managing ...

Fuel scarcity doubled Nigerians’ sufferings -Northern CAN

The Christian Association of Nigeria in the 19 Northern States and Abuja, has expressed concern over the lingering fuel scarcity across the country.The CAN noted that the continued scarcity ...

Insurance companies earned N630bn in 2021 – NAICOM

The insurance companies in Nigeria earned N630.36bn premium in 2021.The Head, Corporate Communications and Market Development, National Insurance Commission, Rassaq Salami, disclosed this in...

Pushing for tech advancement across Nigeria

One thing that scares me the most in Nigeria is the alarming rate of unemployment and lack of opportunities. Nigerians are generally hard-working and that is why they usually do well in countries w...

Inflation may rise further amid naira depreciation –Report

Analysts at Financial Derivatives Company Limited have said Nigeria’s inflation rate will rise further in the first quarter of this year.The firm, in its presentation at the LBS Breakfast th...

NIN portal fully restored -NIMC

The National Identity Management Commission has said its National Identification Number verification service portal has been fully restored.NIMC head of corporate communications, Kayode Adeg...

JUST IN: CBN to stop sale of forex to banks by December

The Central Bank of Nigeria has revealed that it will stop the sale of foreign exchange to Deposit Money Banks by the end of the year.According to the CBN Governor, Godwin Emefiele, banks mu...

[BREAKING] Queues: FG confirms supply of petrol with methanol above specification

The Federal Government through the Nigerian Midstream and Downstream Petroleum Regulatory Authority on Tuesday said petrol, with methanol quantities above Nigeria’s specification, was discovered in...

Reps probe 45 million accounts without BVN, N1.2tn stuck in banks

The House of Representatives’ Ad Hoc Committee on Unclaimed Funds in the Nigerian Commercial Banks and Infractions by the Central Bank of Nigeria has begun investigation of funds stuck in the Depos...

External reserves slides to four months low at $39.98bn

The external reserves have fallen below the $40bn mark to the lowest point in over three months, figures from the Central Bank of Nigeria have revealed.The reserves dropped to $39.82bn on Fe...

Stakeholders express optimism over improved agricultural financing

Stakeholders in the agricultural sector have expressed optimism as the third Biennial Review of the African Union Comprehensive Africa Agriculture Development was being awaited.They said Nig...

No loan yet for Kaduna-Kano railway, says FG

The Federal Government has said the process of securing a loan for the Kaduna-Kano railway project has not been concluded.The Minister of Transportation, Rotimi Amaechi, who inspected the co...