Category: Economy
How Cooking Gas Price Increased By 27% In One Year – NBS
ABUJA BUSINESS REPORTSJan 28, 2023
Amid increasing cost of living in Nigeria, the National Bureau of Statistics (NBS), has revealed that the average price of 5kg of cooking gas increased from N3,594.81 in...
CBN, NIBSS Launch ‘AfriGo’, Nigeria’s First National Domestic Card Scheme
ABUJA BUSINESS REPORTSJan 27, 2023
The Central Bank of Nigeria (CBN) says it has collaborated with the Nigerian Inter-Bank Settlement Systems (NIBSS) to launch the National Domestic Card Scheme,...
CNPP Commends Buhari On Anti-Fuel Scarcity Committee, Says Corrupt, Inept NNPC Leadership Responsible
MARGARET OBIAKORJan 26, 2023
Amid controversies surrounding the ongoing fuel scarcity in the country, the umbrella body of all registered political parties and political associations in Nigeria, the...
Expected Benefits As Buhari Inaugurates $1.5bn Deep Sea Port Amid Ailing Economy
ABUJA BUSINESS REPORTSJan 25, 2023
Nigerian President Muhammadu Buhari has marked the opening of a $1.5 billion, Chinese-funded deep seaport in the commercial hub of Lagos that authorities hope will help...
Oil Producing Status: Incoming Governor Has No Excuse Not To Outperform Ugwuanyi – Save Enugu Group
MARGARET OBIAKORJan 07, 2023
….Commends Governor Ugwuanyi On the Legacy Achievement The foremost sociopolitical pressure organisation, the Save Enugu Group (SEG) has said that whoever emerges...
How I Will Wipe Out Nigeria’s N77trn Debt In Three Years, Harness Taxes from 30m Additional Jobs – SDP’s Adebayo
MARGARET OBIAKORJan 06, 2023
The Presidential candidate of the Social Democratic Party (SDP), Prince Adewole Adebayo has said that he was not afraid of inheriting the N77 trillion debt which would...
FG Spent N12.87trn in 2022 – Minister
ABUJA BUSINESS REPORTSJan 04, 2023
The Federal Government said it spent N12.87 trillion against the N17.126 trillion budgeted for 2022 as at Nov. 30, 2022. Mrs Zainab Ahmed, Minister of Finance, Budget...
Buhari Signs N21.83trn 2023 Budget Into Law
ABUJA BUSINESS REPORTSJan 03, 2023
President Muhammadu Buhari on Tuesday in Abuja signed the 2023 Budget of N21.83 trillion and the 2022 Supplementary Appropriation Bill into law. The News Agency of...
As Fuel Scarcity Bites, Air Fares Jump 97%, Bus Prices Rise 45% in One Year
ABUJA BUSINESS REPORTSDec 27, 2022
With petrol scarcity biting hard and aviation fuel prices skyrocketing, Nigerians paid as much as 97 per cent more to fly locally, while the fare paid by citizens for...
(PHOTOS) CBN Releases Detailed Public Security Features of New Naira Notes
JAMES EZEMADec 23, 2022
The Central Bank of Nigeria (CBN) has released detailed public security features of the newly redesigned naira notes: N200, N500 and N1,000 banknotes. President...