Business

The Minister of Transportation, Mu’azu Sambo, has said there would be an increase in the rail service fare as a result of the economic situation in the country. According to the minister, the number of trips per day will also be reduced, adding that there will be no night travelling. …

The lowest price the Nigerian National Petroleum Company Limited can sell Premium Motor Spirit, popularly called petrol, to marketers, assuming there is no subsidy, is N400/litre, it has been learnt. Oil marketers, who made the disclosure on Sunday, also gave other reasons for the continued scarcity of petrol, which had …

The Socio-Economic Rights and Accountability Project has filed a lawsuit against the government of the President Muhammadu Buhari over “the failure to probe the operations of illegal oil pipelines between 2001 and 2022, to name and prosecute those suspected to be involved, and to recover proceeds of crime.” The suit …

Adamawa state Governor Ahmadu Fintiri. Governor Ahmadu Fintiri on Friday presented a budget proposal of N175 billion to the state House of Assembly for consideration as the budget of the state for the 2023 fiscal year. Presenting the budget to the lawmakers in Yola, Fintiri said he tagged it ‘Budget …

Governor of the Central Bank of Nigeria, Godwin Emefiele. The governor of the Central Bank of Nigeria, Godwin Emefiele, said the steady increase in headline inflation from 15.60 per cent in January to 20.77 per cent in September was consistent with global trends. Emefiele said this at the 57th Annual …

President Muhammadu Buhari, Wednesday said he approved redesigning of the Naira notes in order to address hoarding of the banknotes outside the banking system, shortage of clean and fit banknotes in circulation, and the increase in counterfeiting of high-denomination banknotes. President Buhari, who stated this, while launching the new Naira …

Osun State House of Assembly has passed into law the 2023 state appropriation bill for the next fiscal yearRecall that the 2023 budget estimate, tagged; “Budget of Consolidation” by Governor Gboyega Oyetola of Osun was presented through a letter dated September 29th to the Assembly.Reacting, the speaker, Honourable Timothy Owoeye …

The Central Bank of Nigeria (CBN) has received a total of N165 billion so far following its call on Nigerians to deposit all old notes in circulation. CBN’s Director of Currency Mr Rasheed Adams said this at a post briefing of the Monetary Policy Committee (MPC) meeting in Abuja on …

President Muhammadu Buhari on Wednesday finally unveiled the re-designed Naira Notes as proposed by the Central Bank of Nigeria (CBN). The CBN Governor, Mr Godwin Emefiele had on Tuesday said that the president will unveil the newly designed N1,000, N500 and N200 notes. The unveiling today, marks the first time …

More filling stations closed to motorists across Lagos metropolis and its environs while the few that sold had long queues of vehicles. The petrol stations hiked prices of petrol between N205 and N220 per litre. However, a few filling stations operated by major marketers sold at N185 per litre. The …