Economy

Godswill Akpabio, Senate President While millions of Nigerians battling economic hardships, their 469-member National Assembly indulged in a staggering N344.85 billion spending spree for 2024.Data obtained by BusinessDay showed…
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…FG owes N250bn pensions as at May 2024Yomi Gbadamosi regrets spending his whole adult life working in the federal civil service and retiring after 30 years. He feels he wasted his life for Nigeria. After retiring from service, he…
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*In the first six months of 2024, the nine oil-producing states shared N341.59 billion using the 13 per cent derivation formula.*A recent report by the National Bureau of Statistics (NBS) has disclosed the Nigerian states with the most…
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As of August 13, 2024, the black market exchange rate for the dollar to naira at the Lagos Parallel Market (also known as the black market) is as follows: buyers are purchasing dollars at ₦1,593, while sellers are offering dollars at…
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The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has revealed that each of the 109 senators in the National Assembly earns N1,063,860 million salary and allowances per month.RMAFC chairman, Mohammed Bello Shehu…
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…Excluding Anambra, KadunaThe Federal Capital Territory (FCT) and 34 states received 438 billion Naira in July from the federal government, according to Senior Advocate of Nigeria (SAN) Femi Falana, in a recent video posted by…
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By William Emmanuel UkpojuPresident Bola Tinubu has pledged to ensure that companies involved in mineral exploration prioritize the health and safety of Nigerians and host communities. He made this commitment while receiving a…
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The Central Bank of Nigeria (CBN), yesterday, extended a financial lifeline to struggling Unity Bank Plc and gave clearance for its planned merger with Providus Bank Limited in what is seen as a potential end to end of months of…
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The Central Bank of Nigeria (CBN) will be hoping it can halt the naira’s downward spiral by selling dollars at a retail auction today.The apex bank has received a list of all outstanding FX demand by end users from authorised…
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Former President Olusegun Obasanjo has told Financial Times that fuel subsidy has returned to Nigeria because of the present ‘hyper’ inflation in the country.The former leader who berated President Bola Tinubu for the manner and…
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