Tochukwu Chukwu
- Business , News
- June 25, 2020
- 229 views
FEDERAL GOVERNMENT CEASES THE PURCHASE OF VEHICLE
With Wednesday’s approval of the N2.3 trillion Nigeria Economic Sustainability Plan by the Federal Executive Council, the Federal Government has stopped what it called non-critical and administrative capital spending, including…
- Business , News
- June 24, 2020
- 231 views
WORLD BANK APPROVES $750 MILLION FOR NIGERIAN POWER SECTOR
The World Bank has approved a $750 million International Development Association credit for Nigeria’s Power Sector Recovery Operation. This was contained in a statement issued by the bank on Wednesday.…
AdminCORONAVIRUS PANDEMIC – CONSUMERS INCOME DROPS BY 30%
Consumer income levels have fallen by 30 per cent in Nigeria since March due to the impact of the COVID-19 pandemic on the economy. This was disclosed in a recent…
JUST IN: FLIGHTS TO RESUME OPERATION ON..
Virgin Atlantic has announced its intention to resume flights from Lagos to London Heathrow from August 24, 2020. According to a statement by the airline, the international flight will be…
- Business , News
- June 22, 2020
- 142 views
CBN imposes N216bn CRR levy on banks
In a bid to mop up liquidity and prevent speculation in the foreign exchange market, the Central Bank of Nigeria (CBN) on Friday deducted N216 billion from banks accounts as…
COST OF RUNNING NIGERIAN GOV’T IS EXPENSIVE – OSIBANJO
The Vice-President, Prof Yemi Osinbajo, has said Nigeria needs a national debate to examine the issues around the size and cost of governance, which has often been described as expensive…
JUST IN: NAIRA SLUMPS TO 425/$
The dollar exchanged for N452 at the parallel market on Wednesday over speculations by operators in the market and the effect of the country’s rising foreign debt. The Central Bank…
FOREIGN RESERVE DROPS BY $129.83M IN ONE WEEK
The country’s foreign reserves have commenced a downward trend, dropping by $129.83m in one week, the latest data from the Central Bank of Nigeria have shown. The reserves, which stood…
NEW ELECTRICITY TARIFFS WILL TAKE EFFECT IN JULY – MINISTER OF POWER
The Minister of Power, Sale Mamman, has insisted that the new increment on electricity tariff would take off in July. He stated this on Tuesday at the Investigative Public Hearing…
- Business , News
- June 17, 2020
- 210 views
ENUGU REP LAUDS THE SOUTH EASTERN GOVERNORS
Hon. Nnoli Nnaji, the Chairman, House Committee on Aviation, has expressed his utmost appreciation to the South-Eastern Governors, for their combined efforts in making sure that the Akanu Ibiam International…
