Category: Economy and Capital Markets

NESG wants FG to reopen borders, decries petrol, electricity price hike

The Nigerian Economic Summit group has today released a statement on the state of the Nigeria Nation to address major issues.The statement was signed by ‘Laoye Jaiyeola – CEO, NESG…

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FG announces total removal of subsidy, petrol price to be determined by market forces

Nigerians may experience a more severe energy crisis as the Federal Government jas resolved it is no more going to be releasing guiding price bands for the sale of Premium…

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Food scarcity: Nigeria borrows 5000 metric tonnes of grains from ECOWAS

As the prices of food commodities in Nigeria continue to sky rocket, the Federal Government on Sunday said a total of 5,000 metric tonnes of assorted grains were borrowed by…

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Nigerians should accept and bear PMS price, electricity tarrif increase – Ogun Governor

The governor of Ogun State, Dapo Abiodun, on Thursday expressed his support for the hike in electricity tariff and fuel pump price. As Nigerians continue to groan over the recent…

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Nationwide protests imminent as NLC, Nigerians reject petrol price hike

There may be demonstration nationwide as the Nigerian Labour Congress (NLC) yesterday rejected the hike in prices of Premium Motor Spirit (PMS) popularly known as petrol and electricity tariff. Ayuba…

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Nigeria loses N300 Billion to gas flaring in 7 months

Gas flaring in Nigeria’s oil fields has taken a huge toll on the economy, as the country flared 225.1 billion standard cubic feet of gas, between January and July 2020.…

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PDP Rejects N151 Fuel Price, Hike In Electricity Tariff…Says APC Is Punishing Nigerians

The @OfficialPDPNig vehemently rejects the fresh increase in the price of fuel to N151 per liter and electricity tariff to N66 per kwh under the @OfficialAPCNg and its government, describing…

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As Nigerians groan under high food cost, Buhari expresses pain

President Muhammadu Buhari appears saddened over the rising cost of food items across the country. The president in a statement issued by his Senior Special Assistant on Media and Publicity,…

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Sell dollar at N386 naira : CBN to BDC

Bureau De Change (BDC) operators in Nigeria can now get back to full business as the Central Bank of Nigeria CBN is set to resume the sale of foreign exchange.…

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Buhari to increase Nigerians’ livelihood in these nine priority areas

President Muhammadu Buhari Tuesday in Abuja assured Nigerians and the international community that his administration will use the remaining years in office to improve access to quality education, health care…

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