28 in lagos
BUSINESS
NEWS
2 months ago
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38
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the federal government is spending N18.397bn daily on fuel subsidy and putting the country in dire financial stress. Nigeria must at a point take the painful decision of jettisoning the fuel subsidy. She disclosed this on yesterday while answering questions from members of...
BUSINESS
NEWS
2 months ago
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65
*NECA, NESG urge FG to arrest declining Nigeria’s economic misfortune The Nigeria Employers’ Consultative Association, NECA, a weekend in Lagos, raised alarm over the nation’s economy, saying it is heading to the rock. It also warned that spiralling inflation, rising energy costs, scarcity of foreign exchange, and dwindling value of the Naira, among others, are...
BUSINESS
NEWS
3 months ago
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49
Retaining petrol subsidy will cost Nigeria nearly N7 trillion in 2023, the Nigerian government has said. The government disclosed this in its draft fiscal strategy paper for 2023 through 2025, presented by the Minister of Finance, Budget & National Planning, Zainab Ahmed. The cost of making petrol cheaper for Nigerians has continued to rise for...
BUSINESS
3 months ago
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66
The policy-setting committee of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR), which measures interest rate, from 13 per cent to 14 per cent. This is the second raise in interest this year. The Monetary Policy Rate (MPR) is the baseline interest rate in an economy, every other interest rate...
BUSINESS
3 months ago
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97
In the face of endless fuel crisis in Nigeria, the petroleum products marketers under the aegis of Major Oil Marketers Association of Nigeria (MOMAN) have called for the review of the current single supplier strategy in which the Nigerian National Petroleum Company Limited (NNPC) is the sole importer of petrol. They urged the federal government...
BUSINESS
4 months ago
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54
*Warns of dire consequences in coming days The World Bank has declared that the Central Bank of Nigeria (CBN) policies are undermining the business environment within the country, placing Nigeria on a fiscal time bomb. The global financial institution listed multiple exchange rates, trade restrictions, and the financing of the public deficit as some of...
BUSINESS
4 months ago
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84
DETERMINED to redefine logistics business in the country, an online marketplace which specializes in deploying modern technology for smooth business transactions, Dillivry, has launched its fast rising tech platform. The platform, according to the promoters, has delivered quality services for operators of logistics business in the country since inception. While speaking, the Chief Executive and...
BUSINESS
4 months ago
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69
A foremost technology firm, Datamellon, in conjunction with AWS Nigeria User Group and the Lagos State Government are out to create awareness on amazing opportunities with cloud base solutions. Speaking at a briefing at the Zone Tech Park, Gbagada, Lagos, representative of AWS User Group in Nigeria, Mr. Wale Adedeji, said the event was the...