As FG borrows to pay salaries, Minister, others blame petrol subsidy
The acting Accountant General of the Federation, Mr Anamekwe Nwabuoku said the country cannot continue borrowing to augment salary payments. Speaking
Business
All the recent business news in Nigeria, economy and industry updates.
Malabu oil deal: FG studying judgement
The federal government has said it is studying a United Kingdom commercial court judgement which rules that there is no evidence of fraud in the OPL 2
‘At N714/litre of JetA1, 3 airlines may wind up’
At the current rate of N714 per litre of Jet A1 aviation fuel, operators said three airlines may soon shut down. Vice-President of the Airline Operato
FG appoints DG for projects dev’t institute
The Federal Government has appointed Dr Peter Okwudilichukwu Ogbobe as the Director-General of the Projects Development Institute (PRODA), Enugu. Ogbo
Reserve plunges by $2.9bn as banks tighten forex
The foreign exchange (forex) reserve of Nigeria dropped by $2.9 billion within eight months, according to the International Monetary Fund (IMF). As of