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DMO: Fed Govt borrows N1tr to fund fuel subsidy

The Federal Government has borrowed N1 trillion to subsidise petrol this year, the Debt Management Office (DMO) said yesterday.

Heritage Bank, others canvass adequate Agric Financing for finance services repositioning

Heritage Bank Plc has declared that adequate agricultural financing is critical in defining Nigeria’s trade competitiveness, which guarantees sustainable agricultural systems, generates...

Petrol subsidy hits N2.57tr as supply rises by 10%

The subsidy bill picked by the Federal Government rose by 17.1 per cent to N525.71 billion last month, the figures made available...

FG, states, LGs share N673.137bn for August

The Federation Account Allocation Committee, has revealed that N673.137 billion was shared among the three tiers of government as federation allocation for...

Naira gains, exchanges at 436.33 per dollar

The naira appreciated slightly against the dollar at the Investors and Exporters window on Friday as it exchanged at N436.33k.

BREAKING: Many feared trapped as another building collapses in Lagos

A building has collapsed in Mushin, Lagos. The two-storey building is situated at Sonuga Street, Palm Avenue, Mushin.

August water transportation fare rose to N974.26 – NBS

The National Bureau of Statistics has said the average fare paid for water transport in August 2022 rose to N974.26, showing a...

Nigeria’s inflation hits 20.52% in August

The National Bureau of Statistics on Thursday said Nigeria‘s headline inflation climbed to a new high of 20.52 per cent in August...

Former VIO Director Takes Over As Permanent Secretary In Lagos

Engr. Abdulhafiz Gbolahan Toriola has assumed as the new Permanent Secretary of the Lagos State Ministry of Transportation (M.O.T). Engr Toriola,...

Libya, Angola Overtake Nigeria In Crude Production – OPEC

Nigeria’s oil production plunged to 972,000 barrels per day in August 2022, as Angola and Libya overtook Nigeria by producing higher volumes...

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