ECONOMY

ECONOMY

Naira hits year-high amid CBN’s $210m intervention

The naira on Monday depreciated to N360 against the dollar at the interbank window, the highest level recorded in 2018. This is despite the $210 million provided by the Central Bank of Nigeria for various segments of the market. The...

ECONOMY

FG suspends senior tax officials

Nigerian Government says it has begun investigation into over 200 whistleblowing tips on tax officials and taxpayers which involves under declaration of taxes and demand of gratifications. Minister of Finance, Mrs. Kemi Adeosun, disclosed this on Sunday in Abuja while...

Petrol shortages hit America, fuel prices go up
ECONOMY

Oil marketers: Why queues are resurfacing

The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Thursday said that petrol allocations by the Nigerian National Petroleum Corporation (NNPC) to Ibadan Depot was grossly inadequate. Alhaji Raimi Tayo, Chairman, Ibadan Depot of IPMAN, lamented that independent marketers hardly...

ECONOMY

Dangote’s net worth rises to N4.3trn

Aliko Dangote, Nigerian entrepreneur, is now worth N4.3 trillion naira, a recent Forbes ranking has shown. Nigeria’s 2017 budget was N7.298 trillion and Dangote’s new net worth is more than half of it. His net worth, which is put at...

ECONOMY

Osinbajo: NNPC, not FG bears cost of subsidy

Vice-President Yemi Osinbajo says the Nigerian National Petroleum Corporation (NNPC) bears the cost of fuel subsidy and not the federal government. NAN reports that the vice-president clarified this on Monday while answering questions from journalists after visiting the Oando and...

Niger Delta Communities Demand Stake in Ex-Shell Oil Block
ECONOMY

NNPC to penalise petrol marketers who hoard products

The Nigerian National Petroleum Corporation (NNPC) has threatened to penalise petrol marketers who hoard products. The corporation also advised motorists and other petroleum products consumers not resort to panic buying, “as there is adequate supply of petroleum products nationwide”. The...

1 2
Page 1 of 2