Subsidy: NNPC to reconcile N2.1trn deduction with FAAC
The Nigerian National Petroleum Company (NNPC) Limited says it would reconcile subsidy deductions with the federation. The Federation Account Allocation Committee...
ADB, ASEA sign agreement for $600,000 grant to expand network of linked African stock exchanges to 15
The African Securities Exchanges Association (ASEA) and the African Development Bank Group on 28 June signed an agreement for a...
Global Air Cargo Demand Remains Weak in May, African Airlines Experience 2.4% Drop
The International Air Transport Association (IATA) has released its latest data for May 2023, revealing weak market conditions in the...
Over 100,000 Retiree Receive N216.66bn Lump Sum under Contributory Pension Scheme
According to data obtained from the National Pension Commission (PenCom), a total of 108,552 annuitants received a lump sum of...
Business Confidence Nears Record Low as Fuel Subsidy Removal Intensifies Price Pressures, says Stanbic IBTC
According to Stanbic IBTC's Purchasing Managers Index (PMI) report, the removal of the fuel subsidy in Nigeria in June led...
Banks’ Credit Surges by N4.54 Trillion in One Year, Reflecting Industry Growth
The Nigerian banking industry witnessed a substantial increase in total credit, with a rise of N4.54 trillion or 17.40% recorded...
Inflation Surges: Beef, Rice, Yam Prices Experience Significant Increases in May – NBS
According to data from the National Bureau of Statistics (NBS), prices of essential food items such as beef, rice, yam,...
Nigerian Telecoms Sector Considers Data Regulation with NCC Proposing N10 Million Fine for Defaulters
The Nigerian Communications Commission (NCC) is contemplating the introduction of data regulation for the country's telecommunications sector. The proposed regulation,...
Asian Shares Decline as China’s Slow Services Growth Raises Economic Recovery Concerns
Asian shares experienced a decline on Wednesday as the growth rate of China's services industry slowed, exacerbating concerns about the...
Oil Prices Retreat Amid Global Economic Slowdown Concerns
Oil prices experienced a decline on Wednesday, reversing earlier gains prompted by Saudi Arabia and Russia's announcement to extend and...
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