Business News
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60Hardship: States Get ₦570b Grant
The Federal Government has released N570bn to the 36 states to expand livelihood support to their citizens, President Bola Tinubu announced on...
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238Oil Prices Set for Fourth Weekly Fall as Demand Concerns Weigh
Oil prices rose on Friday but were set for a fourth successive weekly decline, as signs of disappointing global fuel demand growth...
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238European, US Stocks Futures Climb on Fed Cut Hopes
European and US equity futures advanced on Thursday after the Federal Reserve signaled it’s close to cutting rates in September. Oil climbed...
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62₦1.7b Disbursed to 20,000 Student Loan Applicants – NELFUND
The Nigerian Education Loan Fund said on Wednesday it had disbursed a total of N1.17bn to 20,000 students in five of the...
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58Monthly Power Subsidy Soars by 151% to ₦211b
The electricity subsidy obligation of the Federal Government rose from N252.76bn to N633.30bn in the first quarter of 2024, a report by...
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168Reps Direct NNPC to Suspend Crude-for-loan Deal
The House of Representatives Special Joint Committee investigating factors working against the petroleum sector has directed the Nigerian National Petroleum Company Limited...
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237Stocks Rise as Focus Shifts to Fed After BOJ Hike
JStocks rebounded as traders shifted focus to the Bank of Japan’s press briefing and the potential for the Federal Reserve to turn...
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251FG Suspends Import Duty on Rice, Flour, Other Essential Food Items
The Federal Government, through the Nigeria Customs Service (NCS) has suspended import duties on rice, flour, wheat and other essential food items...
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222House Committee Issues Ultimatum for Automated Foreign Revenue Collection
The Public Accounts Committee of the House of Representatives has given a 60-day ultimatum to the Ministry of Finance and the Accountant...
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231Panel Berates MOFI for Taking Money without Authorisation
The House of Representatives Committee on Public Assets yesterday queried the Ministry of Finance Incorporated (MOFI) for taking money from the budget...
