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Business and Economy

Public sector employers’ Pencom contribution in 2021 declined by 8.9% – Report

THE National Pension Commission (PenCom) 2021 annual report showed that public sector employers in federal, state and local governments contributed N492.43 billion as pension...

Airfares spike over aviation fuel scarcity concerns

THERE seems no end to sharp increases in the fares of domestic flights as the scarcity of aviation fuel persists and the overall operational...

Electricity consumers must get 10 days notice before disconnection – FCCPC

THE Federal Competition and Consumer Protection Commission (FCCPC) has said it is illegal for electricity distribution companies (DisCos) to disconnect a customer without serving...
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High energy costs affecting Dangote cement production – CEO

THE Chief Executive Officer, Dangote Cement, Michel Puchercos, says a significant increase in energy and diesel costs is impacting negatively on the production and...

OPEC to consider 600m Africans without electricity in energy transition plan

THE new Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Kuwait's Haitham Al Ghais, said on Tuesday, August 2, 2022, that the organisation...

Naira fluctuations: Invest in treasury bills, commercial paper, economists tell Nigerians

ECONOMISTS have urged Nigerians to take advantage of short-term assets investments such as treasury bills, commercial paper and government securities amid concerns over Nigeria’s...
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FG moved from borrowing to pay salaries to inability to service debt – Chidoka

A FORMER Minister of Aviation, Osita Chidoka, laments that Nigeria has moved from borrowing to pay salaries to inability to service debt, a situation...

Women economic empowerment interventions in Enugu: How to fix what’s standing on the way

HAVING women enlisted into an Igwe's cabinet in an Enugu community to provide them with leadership positions so that they can be part of...

Naira appreciates against the dollar, trades N695 at parallel market

The Naira today appreciated at the parallel market, as it exchanged for N695 for one dollar, representing a gain of N15 on the N710...
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Why VAT can’t work in states – FIRS

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