Business/Economy

Natasha Kicks against N4.2bn Personnel Cost for Moribund Ajaokuta Steel Workers CHIGOZIE AMADI The Senator representing Kogi Central Senatorial District, Senator Natasha Akpoti-Uduaghan, yesterday, described as unacceptable, the N4.2billion appropriated in the 2024 budget as personnel cost...

PTAD Pays N395.5bn to Next of Kins, Pensioners CHIGOZIE AMADI The Pension Transitional Arrangement Directorate (PTAD) yesterday disclosed that it has processed and paid a total sum of N395,559,795.09 as death benefits and gratuity to 238...

·    Food prices to stay elevated on weak domestic production ·    Fixed investment set to grow by 7.0% in 2024 ·    Economy to expand by muted 3%, 3.5% in 2025 CHIGOZIE AMADI Fitch Solutions has said Nigeria’s rising inflation, which hit...

BUA Cement to Increase Production Capacity to 20 Million Tonnes Per Annum CHIGOZIE AMADI Managing Director/Chief Executive, BUA Cement, Mr. Yusuf Binji, said the company has signed an agreement to expand its production line in Sokoto,...

.Wants president to raise oil production to 2.4m bpd, pay down debts, others  CHIGOZIE AMADI As the current economic situation in Nigeria keeps worsening and defiling government’s policy measures, the Senior Partner at the Olisa Agbakoba...

CBN Sells $148m to Authorised Dealers CHIGOZIE AMADI Central Bank of Nigeria (CBN) yesterday, disclosed that it sold a total of $148 million to Authorised Dealers Banks (ADBs) in the Nigerian Foreign Exchange Market (NFEM) to...

*Says debt service costs dipped from 97% to 68%  *Insists subsidy on PMS ‘technically gone’  *Govt set to float $500m dollar-denominated local bond   *Cites impediments to immediate implementation of Supreme Court verdict on local governments  CHIGOZIE AMADI Minister...

FIRS Explains Clarifies Taxation, Adjustments to Foreign Currency Transactions   CIGOZIE AMADI The Federal Inland Revenue Service (FIRS) has issued clarification on relevant adjustments that may henceforth be required to determine the tax position from foreign currency...

NCS Comptroller: Onne Customs Generated over N48.056b in July CHIGOZIE AMADI Nigerian Customs Service (NCS), Area 2 Command, Onne, Rivers State, said it generated over N48.056 billion in the month of July this year. Comptroller of the...

Federal Mortgage Bank refunds N12bn wrongful deductions CHIGOZIE AMADI The Federal Mortgage Bank of Nigeria has refunded N12bn out of the outstanding N19bn wrongful deductions of the National Housing Fund contributors. The deductions were misconstrued as revenue...