Economy

The World Bank has said that the increase in prices that occurred between June 2020 and June 2021 could push about six million Nigerians into poverty.The Bank said this in a new report titled ‘COVID-19 in Nigeria: Frontline…

The Senate has faulted the claims by the Securities and Exchange Commission to spend most of the revenues it generated largely on salaries and emoluments of staff.The Senate through its Committee on Capital Market insisted…

The exchange rate for Wednesday, November 17, 2021, as confirmed by a Bureau De Change operator is as follows:Dollar $BuyingSelling535540Euro €BuyingSelling600…

The Kaduna State Government is working assiduously to stop the dependence on federal allocation in the next few years, the Commissioner for Budget and Planning, Mr Muhammad Sani, has said.Sani made this known on Tuesday in Kaduna at the…

The Ibom Air, an indigenous airline owned by the Akwa Ibom State Government, has placed an order for 10 A220 aircraft with Airbus.The Group Manager Marketing and Communication of Ibom Air, Mrs Aniekan Essienette, said this in a…

The Mining Cadastre Office (MCO) has generated N3.88 billion already from January to October 2021, exceeding the N2.3 billion recorded in 2020.The Minister of Mines and Steel Development, Mr Olamilekan Adegbite disclosed this at the 5th…

Abdul-Samad Rabiu, chairman and CEO of BUA Group, has said it is cheaper to transport a container from China to Lagos than from Lagos to Kano, Dailytrust reportsMr Rabiu was quoted to have made the statement in Paris while commenting on…

Euro LPG BV, a Netherlands-based International Firm, has expressed interest to establish a Gas Plant in Kogi State, in the light of its prevailing peace, security and strategic location.Dr Wahaab Abdullah, Chairman of the Company,…

A former Senator representing Bayelsa East Senatorial District, Ben Murray-Bruce, has lamented that Nigeria is still running an 18th century economy dependent on crude oil and its turbulent prices.This is as he urged the…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has confirmed the availability of domestic kerosene in the country.The National Public Relations Officer of the association, Alhaji Yakubu Suleiman, dismissed…