Business News
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215Oil Extends Fall on Signs of Weak Fuel Demand
Oil prices extended declines on Monday amid signs of weak fuel demand and as comments from U.S. Federal Reserve officials dampened hopes...
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200Global Market Report: Stocks Fluctuate
Asian stocks swung between gains and losses, with sentiment influenced by poor Chinese data and optimism over reports the country will start...
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292NNPCL begins oil exploration at OML 13
Nigerian National Petroleum Company Exploration and Production Limited and Natural Oilfield Services Limited have announced the commencement of oil production at Oil...
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207Stop Electricity Subsidy, IMF tells FG
The International Monetary Fund (IMF) has warned the Nigerian government to remove what it called implicit fuel and electricity subsidies, Punch reports....
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154IMF Lauds CBN’s Bank Recapitalisation Policy, Projects 24% Inflation by Year-end
The International Monetary Fund (IMF) has commended the move by the Central Bank of Nigeria (CBN) to increase the minimum capital for...
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223Debt Service Gulps 70% of Dollar Outflow in Q1
Nigeria spent about 70% of its dollar payments to service external debts between January and March 2024. According to data from the...
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371Lagos Rakes in ₦3.9b from Oil Derivation Payouts
Lagos State Government yesterday disclosed that the sum of N3.911 billion was realised since it became an oil producing state. It also...
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157Tax Panel Proposes VAT Removal on Food, Education, Healthcare
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has revealed that his committee will be proposing...
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161Cash Transfer Scheme had Limited Impacts on Households –W’Bank
The World Bank says the conditional cash transfer scheme of the Federal Government had little impact on household consumption, financial inclusion or...
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413FG, NSIA to Provide ₦1.325trn funding for Metering Initiative
The Federal Government and the Nigerian Sovereign Investment Authority (NSIA) are to provide N1.325 trillion billion towards the funding of the Presidential Metering...
