Category: Economy
-
After losing billions in new FX policy, Dangote visits Tinubu
Businessman and Africa’s richest person, Aliko Dangote, on Friday, paid a visit to President Bola Tinubu at the Presidential Villa in Abuja.
-
NLC explains why minimum wage increase not the focus amidst subsidy removal
The President of the Nigeria Labour Congress (NLC) Joe Ajaero, has shed light on why the union is not currently seeking an increase in the minimum wage, calling for alternative solutions. In a recent chat with journalists on the sidelines of the ongoing 111th Session of the International Labour Conference, ILC, in Geneva, Switzerland, Ajaero…
-
Nigeria records N710bn VAT in Q1 2023 – NBS
The National Bureau of Statistics (NBS), said the aggregate Value Added Tax (VAT) stood at N709.59 billion in Q1 2023.
-
Subsidy Removal: Oil Marketers Pledge N10 Billion Buses to Boost Mass Transportation
The Depot and Petroleum Products Marketers Association of Nigeria (DAPMAN) has announced plans to donate Compressed Natural Gas (CNG) compliant buses worth N10 billion. Chairperson of DAPMAN, Winifred Akpani, revealed this during a briefing with State House Correspondents after leading a delegation to the State House for a courtesy visit with President Bola Tinubu on…
-
Analysis: Amidst fuel hardship, food prices continue to soar in Nigeria
In the wake of the removal of fuel subsidy by President Bola Tinubu’s administration, Nigerians are grappling with an escalating challenge as food prices continue to soar. The combination of fuel hardship caused the removal of subsidies has had a significant impact on transportation costs, resulting in a sharp increase in the prices of essential…
-
Fuel price hike: IPMAN tells FG what to do to ensure competitive pricing for PMS
The Independent Petroleum Marketers Association of Nigeria (IPMAN), has called on the Federal Government to issue licences to more importers and allow them to bring in Premium Motor Spirit (PMS) and other petroleum products into the country.
-
Naira unchanged, exchanges N464.67 to dollar
Naira remained unchanged on Thursday, exchanging at N464.67 to the dollar at the Investors and Exporters window.
-
Fuel subsidy not budgeted for in 2023 budget – NNPC
Alhaji Mele Kyari, Group Chief Executive Officer, Nigerian National Petroleum Company (NNPC), has said that contrary to speculations, the immediate past government did not make provisions for petroleum subsidy in 2023 budget.
-
We have not devalued the naira – CBN
The Central Bank of Nigeria (CBN) has dispelled rumours that it devalued the Naira, describing the news as fake.
-
Subsidy Removal: Nigerians Groan Over High Cost of Transportation, Commodities
Following President Bola Ahmed Tinubu’s announcement on May 29 regarding the removal of fuel subsidies, the cost of petrol has experienced a notable increase and this surge has directly impacted transportation expenses. TheNewsGuru.com (TNG) reports that the subsidy removal policy is part of the government’s efforts to address economic challenges, streamline expenditures, and promote fiscal…