THE cost of Premium Motor Spirit, popularly called petrol, has risen to as high as N200/litre at depots, which means that motorists should brace up to buy PMS above N200/litre at filling stations. It was learnt on Monday that PMS…
THE General Overseer of the Redeemed Christian Church Of God, Pastor Enoch Adeboye, has knocked the Federal Government over its decision to redesign the naira. Adeboye said this during the church’s November Holy Ghost Service with the theme, ‘Let It…
THE Federal Government may present a supplementary budget to the National Assembly due to a further depreciation of the naira and galloping inflation that have made the 2023 budget nearly unrealistic. The 2023 budget benchmarks the foreign exchange at N435/dollar…
THE Independent Petroleum Marketers Association of Nigeria, on Monday, threatened to withdraw its service over incessant increment on the price of the premium motor spirit in the Eastern part of the country. The marketers, in a statement, blamed private depots…
THE shrinking value of the Nigerian naira and currencies of most developing economies are driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face, according to the World…
THE House of Representatives ad hoc committee investigating the structure and accountability of the joint venture businesses and production sharing contracts of the Nigerian Petroleum Corporation has accused oil companies of tax evasion. The Chairman of the committee, Abubakar Fulata, …
ON Saturday, October 29, 2022, the naira reached a record low of N800 to the dollar before the Nigerian currency plummeted less than 24 hours later. On Sunday, October 30, 2022, it was reported that black market traders in the…
THE Federal Government has approved new incentives for investors in the agricultural sector to improve high-level private sector participation in the nation’s food production and processing industry, the Minister of Agriculture and Rural Development, Dr. Mohammad Abubakar, has said. Among…
AMAZON on Thursday said that its profit in the third quarter slipped more than nine per cent to $2.9 billion, despite an uptick in sales helped by Prime day bargains. Sales at the e-commerce colossus increased 15 per cent to…
TITAN Trust Bank Limited has paid a mandatory takeover offer to purchase the remaining minority shares of 6.59 per cent in Union Bank. The minority shares is broken down to 1,927,532,558 ordinary shares of Union Bank, and it is worth…
