Business News
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116Reps Advocate Improved Allocations to BoI
The House of Representatives Committee on Industry has canvassed increased budgetary allocations to the Bank of Industry to enable it to meet...
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108FG to Tackle Power Outages with Two Gas Plants
The Federal Government is set to tackle the power challenges in Nigeria with an additional 500 million standard cubic feet of gas...
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341‘FIRS Generated ₦3.94tr in Taxes Out of ₦4.8tr Target in Q1’
Executive Chairman, Federal Inland Revenue Service (FIRS), Zacch Adedeji, yesterday disclosed that the service generated a total of N3.94 trillion in tax...
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311‘FG made ₦318.5b Revenue in Q1’
The Federal Government got a total revenue inflow of N318.5bn in the first quarter of 2024, the Accountant General of the Federation,...
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151‘252MW Power Plant to Be Operational Soon’
The Managing Director of Niger Delta Power Holding Company (NDPHC), Chiedu Ugbo, has said that the 252 Megawatts Gbarain Power Plant in...
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128Tinubu Seeks Senate Nod for SEC Nominees’ Confirmation
President Bola Tinubu yesterday asked the Senate to screen for confirmation, four persons recently appointed as members of the Board of the...
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130Headline Inflation Maintains Uptrend
Nigeria’s headline inflation maintained its uptrend, rising by 49bps to 33.69% y/y in April (March: 33.20% y/y). The outturn is 129bps and...
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116Oil Prices Rise on US Inventories Drawdown Expectations
Oil prices rose on Wednesday on expectations for higher demand as the U.S. dollar weakened and a report showed U.S. crude and...
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105European Stock Futures Rise Ahead of Key US Data
Global equities are set for a fresh record after a big tech-led rally in US gauges, with investors awaiting key inflation data...
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258FG Lost ₦2.09b to Online Fraudsters in Q4 2023 –FITC
Following the loss of N2.09 billion in the fourth quarter of 2023 through fraudulent online activities and the increasing rate of crimes across the country,...
