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Business and Economy

‘Buhari’s approval of ExxonMobil-Seplat deal violates PIA provisions’

THE approval by President Muhammadu Buhari of the acquisition of ExxonMobil's assets by Seplat Energy is a violation of the provisions of the new...

2023: Frank Nweke pledges Singaporean model in developing Enugu State’s economy

ENUGU State All Progressives Grand Alliance's (APGA) governorship candidate for the 2023 elections, Frank Nweke, has said he would adopt the Singaporean economic model...

Air Peace suspends Johannesburg flights from August 22

AIR PEACE has suspended flight operations from Nigeria to Johannesburg, effective August 22, 2022. In a statement signed by the airline's management on Monday, July...
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NESG asks FG to cut leakages, reduce cost of governance

THE board of directors of the Nigerian Economic Summit Group (NESG) has directed the Federal Government to cut leakages and reduce governance costs. The NESG...

Buhari okays Seplat’s buy of ExxonMobil’s Nigeria unit

PRESIDENT Muhammadu Buhari has okayed and granted consent to Seplat’s acquisition of ExxonMobil’s Nigerian unit.  The presidency confirmed this development in a statement issued today...

Sanwo-Olu promises four new rail lines

The Lagos State Governor, Babajide Sanwo-Olu, has said that four new rail lines would be unveiled in the state before the end of the...
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Nigeria’s fiscal crisis worsens with slump in oil production to 1.08m bdp

NIGERIA's fiscal crisis worsened last month as the country again failed to meet up with the daily production quota the Organisation for Petroleum Exporting...

Nigeria risks higher inflation as CBN lending to FG rises to N19.9 trillion

NIGERIA is at the risk of higher inflationary pressure as the Central Bank of Nigeria (CBN) lending to the Federal Government through 'Ways and...

Low confidence in naira is forcing Nigerians to hedge money in dollar – Economist

AN Economist, Tope Fasua on Friday said many Nigerians are hedging their money in the United States dollar due to low confidence in the...
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Why VAT can’t work in states – FIRS

THE Federal Inland Revenue Service (FIRS) has said that...