Economy
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Cooking gas price soars high by 83% in one year – NBS Report
The average retail price for cooking gas increased by 83.62 per cent from N2057.71 in March 2021, according to a…
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Power generation crashes again by 903MW, as national grid crisis worsens
The latest figures on Nigeria’s power grid performance released on Tuesday showed that the quantum of electricity generated on the…
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Fuel subsidy puts Nigerian economy at high risk – World Bank
Fuel subsidy puts Nigerian economy at high risk – World Bank The World Bank says increasing fuel subsidy puts the…
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Inflation rate rises to nearly 16%; highest in 5 months
Inflation rate rises to nearly 16%; highest in 5 months Inflation rate cruised to 15.92 per cent in March, the…
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PenCom kicks against bill seeking payment of ‘at least 75 per cent’ lump sum to retirees
The National Pension Commission (PenCom) has frowned at the suggested payment of “at least 75 per cent’’ lump sum to…
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FG to finance 2022 budget deficit with new borrowing
President Muhammadu Buhari has written to the House of Representatives seeking an increase in the 2022 budget deficit to be…
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Nigeria’s total debt could hit N50tn – Report
THE Centre for the Promotion of Private Enterprise (CPPE) has said that Nigeria’s debt, including that of the Asset Management…
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World Bank carpets FG, says more Nigerians fallen into poverty since 2015; projects poverty rate at 95.1m in 2022
The World Bank has said that poverty reduction stagnated since 2015, with more Nigerians falling below the poverty line over…
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Diesel, cooking gas price hike not limited to Nigeria, also experienced in US, UK – Lai Mohammed
Minister of Information and Culture, Lai Mohammed, says the rising prices of petroleum products including petrol, diesel, aviation fuel and…
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Naira may fall to N700 per dollar over oil theft, low export — NACCIMA, economists
To stem the steady fall of the naira against the dollar, the Federal Government has been advised to as a…
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