Economy

President Bola Ahmed Tinubu has vowed to harness the country’s gas resources to benefit all Nigerians. Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, disclosed this on Friday in a statement when the…
Read More...

The Nigerian National Petroleum Company NNPC Limited's widely distributed press release about a loan it secured from AFREXIM bank, ostensibly for the purpose of supporting the Naira, is taken from a playbook that has served it well in…
Read More...

Says You’re On Right Track Shubham Chaudhuri, Country Director, World Bank, Nigeria Office, has beckoned on President Bola Ahmed Tinubu not to backtrack on his reform policies, particularly the petrol subsidy removal. While…
Read More...

The Federal Government has approved N5bn for each state and the Federal Capital Territory (FCT) to enable them procure food items for distribution to the poor in their respective states. Governor Babagana Zulum of Borno State…
Read More...

Adaobi Rhema Oguejiofor The Governor of Gombe State, Muhammadu Yahaya, has begun the distribution of food items and agricultural materials as palliatives in order to reduce the effects of the economic hardship that came as a result…
Read More...

In what appears like a boost for the naira, the Nigerian National Petroleum Company (NNPC) Limited and the African Export-Import Bank (Afreximbank) have jointly signed a commitment letter and Termsheet for an emergency $ 3 billion…
Read More...

The Federal Government is considering selling its stakes in about 20 state-run companies to bolster revenue amid pressing financial challenges. According to a Bloomberg report, the Nigerian National Petroleum Company Limited is one…
Read More...

By Yange Ikyaa In view of the recent musings from the two-day statutory bi-monthly meeting of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC), an Adjutant Professor at North Dakota University, USA, Dr. Wisdom…
Read More...

By Moses Patience Chat The Government of Ondo State has announced comprehensive palliative measures to reduce the effects of the removal of petrol subsidy on residents of the State. Ondo State Commissioner for Finance, Wale…
Read More...

By Adaobi Rhema Oguejiofor The Governor-elect of Plateau State, Caleb Mutfwang, has emphasized on the deliberate steps taken towards harnessing and reviving the energy potentials in the state with the hope of rehabilitating economic…
Read More...