Rising level of public debt, debt service and fuel subsidy is affecting the revenue generation of the Federal Government, the Federation Account Allocation Committee (FAAC) Post-Mortem Sub-Committee has revealed. The…
A poll sampling financial experts has revealed that the Central Bank of Nigeria (CBN) will devalue the country’s currency, Naira after the 2023 election. According to Bloomberg, which conducted the…
The corporate sector in Kenya could take a huge hit owing to a wide spread insolvency. An estimated 46 firms currently face liquidation as a result of their inability to…
Reports on the Nigerian economy all year round have been less than encouraging. Nigeria’s economic struggle so far has not just been tied to the oil sector alone; however ,…
The Group Managing Director of Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, is opposed to the current price of Premium Motor Spirit (PMS) also known as petrol, at fuel…
Apple is now worth more than fellow tech giants Alphabet, Amazon and Meta combined, after it ended trading Wednesday with a market value of $2.307 trillion. At the same time,…
Despite the rising inflation and interest rate for Q3 of 2022 in Nigeria, Dangote Cement experienced an increase in the volume of cement it sold by 6.2 per cent, recording…
Nigeria’s largest sugar refinery, Dangote Sugar Refinery Plc has announced a profit before tax (PBT) of N36.27 billion for the nine months ended September 30, 2022. According to the sugar…
Nigeria’s beleaguered currency, the Naira has slumped to a record low against the dollar on the widely used parallel market as confounded Nigerians rush to buy greenbacks a week after…
The persistent dollar scarcity in Nigeria and declining foreign exchange reserves have prompted some Deposit Money Banks (DMBs) to review their travel allowance disbursement time frame. With the latest review,…