…..As Household Kerosene price rises by 2.49% The National Bureau of Statistics (NBS) on Wednesday reported that consumers paid less for Liquefied Petroleum Gas (Cooking Gas) in the month of June, despite the surging inflation rate recorded in the month. The Bureau, in its ‘Liquefied Petroleum Gas (Cooking Gas) Price Watch (June 2023)’ reported that […]
….says industry needs $12.1trn investment to meet demand The Organization of Petroleum Exporting Countries (OPEC) has predicted that global energy needs will continue to increase given the expected growth in the world economy and population over the years ahead and estimated that energy demand would increase by 23% in 2045. The Secretary General of the […]
The Lamido of Adamawa, Dr. Muhammadu Mustapha, has commended the Nigerian Communications Commission (NCC) on a range of its telecom consumer protection initiatives, including the recent Village Square Dialogue (VSD), which held at the weekend in Yola, Adamawa State. Kakakin Adamawa, Prof. Abubakar Tahir, who represented Lamido Adamawa at the Consumer Conversation programme of the Commission with […]
The International Monetary Fund (IMF) on Tuesday raised its 2023 global growth estimates slightly higher as economic activity in the first quarter globally remained upbeat across geo-political regions worldwide. It, however, noted that persistent challenges were dampening the medium-term outlook of the global economy. The Breton Woods institution, in its latest World Economic Outlook, stated […]
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday raised the Monetary Policy Rate (MPR), the benchmark interest rate, by 25 basis points to 18.75% from the previous 18.5%, representing the highest interest rate in 22 years. The acting CBN Governor, Mr. Folashodun Shonubi, who announced the latest hike in […]
….forecast retention of benchmark lending rate, others Investment experts at Bancorp Securities Limited, one of the nation’s investment research and consulting services firms, have predicted that trading in the nation’s equities market will retain last week’s momentum as the Central Bank of Nigeria’s (CBN’s) Monetary Policy Committee (MPC) is set to review the key monetary […]
Retired workers in the country under the aegis of the Nigeria Union of Pensioners (NUP) have appealed to the Federal Government to include them as beneficiaries of the proposed palliatives to cushion the economic hardships of the removal of fuel subsidy. The President of the group, Mr. Godwin Abumisi, who commended the government on the […]
Electricity distribution companies (DisCos) in Lagos are set to upgrade customers’ meters to the new Standard Transfer Specification (STS). Industry sources cited by the News Agency of Nigeria (NAN) in a report indicated that the upgrade of meters would start in August and expected to be completed before November 2024. According to the DisCos, the […]
The Federal Government at the weekend unveiled plans to reduce the number of federally collectable taxes from 52 to 10 and also change the Federal Inland Revenue Service (FIRS) to Nigeria Revenue Service (NRS) as part of its renewed moves to harmonise tax collection activities and improve the efficiency of the fiscal system. President Tinubu’s […]
The Centre for the Promotion of Private Enterprise (CPPE), one of Nigeria’s advocacy groups championing the cause of the organized private sector (OPS), has projected that despite the current concerns about the nation’s foreign exchange market volatility, there are strong indications that the volatility will abate as the government continues to respond to the FX […]