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Nigeria’s inflation rate rises to 13.7%, highest in 30 months
Nigeria’s inflation rose to 13.7 per cent in September, hitting its highest level since its 13.34 per cent rate of March 2018.
The National Bureau of Statistics made this known in its Consumer Price Index report for September on…
IMF projects less severe recession for Nigeria says 4.3% GDP possible
The International Monetary Fund has revised Nigeria’s economic contraction from 5.4 per cent to 4.3 per cent in 2020.
It said this in its World Economic Outlook which was released on Tuesday in Washington DC, United States.
The…
FEC approves $2m payment to West African Power Pool
The Federal Executive Council on Wednesday approved the payment of Nigeria's 2020 annual contribution to the West African Power Pool (WAPP).
Nigeria's annual contribution to the pool is $2m.
The approval for the payment…
FG shuns IMF’s debt relief package
Federal Government on Tuesday said Nigeria would not take up for the debt relief package that is being offered to low income countries by the International Monetary Fund.
Minister of Finance, Budget and National Planning,…
DSTV says power, fuel, VAT increments caused hike in subscription fees
MultiChoice Group, the parent company of the DSTV, on Monday said it increased its subscription tariffs due to the recent hike in Valued Added Tax, as well as poor power supply in the country.
The company which bemoaned the…
New salary structure for teachers will create crisis, Wike warns
Rivers State Governor, Nyesom Wike, on Monday said the new structure for teachers announced by the Federal Government would create crisis for the country’s educational system.
The governor spoke when representatives of the Board of…
RMAFC recovers N474m outstanding excise duty from Guinness
The Revenue Mobilisation Allocation and Fiscal Commission on Monday said it recovered over N474m outstanding excise duty from Guinness Nigeria Plc.
Chairman of the RMAFC, Elias Mbam, said the recovered money had been remitted…
Just In: Buhari, Okonjo-Iweala meet in Aso Rock
As the jostle for the lone position of the Director General of the World Trade Organisation (WTO) enters its final stage, President Muhammadu Buhari and a top contender for the position and former Minister of Finance, Ngozi…
Why we increased fares… Uber
Uber Nigeria has explained that it increased its transport fare regime in order to provide better earnings for driver partners and also remain affordable for commuters.
Uber had on Tuesday increased fares on UberX, the most…
2021 budget proposal contravened Fiscal Responsibility Act… Atiku Abubakar
Former Vice President, Atiku Abubakar, has said the 2021 budget proposal contravened the Fiscal Responsibility Act.
Abubakar said this in a statement he personally signed, which was made available to journalists on Friday.…