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Tag: Dailytrust
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Population growth eroding gains of economic reforms – Bagudu
Categories: BusinessContinue Reading: Population growth eroding gains of economic reforms – BaguduThe Minister of Budget and Economic planning, Atiku Bagudu has stated that Nigeria’s rising population growth is gradually eroding the gains of economic reforms by the government. Bagudu made the…
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CBN inconsistent dollar supply holding down naira recovery – BDC operators
Categories: BusinessContinue Reading: CBN inconsistent dollar supply holding down naira recovery – BDC operatorsLack of consistency in dollar allocation to the Bureau De Change (BDC) operators by the Central Bank of Nigeria (CBN) is stampeding naira recovery, currency traders have submitted. They equally…
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FX remittance surged by 130% to $553m in July 2024 – CBN
Categories: BusinessContinue Reading: FX remittance surged by 130% to $553m in July 2024 – CBNThe Central Bank of Nigeria (CBN) has reported a 130% surge in remittance inflows, with the figure reaching $553 million in July 2024. This is according to a statement by…
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Nigeria close to be removed from FATF financial ‘grey list’ – NFIU
Categories: BusinessContinue Reading: Nigeria close to be removed from FATF financial ‘grey list’ – NFIUThe Chief Executive Officer of the Nigeria Intelligence Unit (NFIU), Hafsat Bakari, has stated that Nigeria is on its way to be removed from the Financial Action Task Force (FAFT)…
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NNPC Ltd. declares N3.3trn profit for 2023
Categories: BusinessContinue Reading: NNPC Ltd. declares N3.3trn profit for 2023The Nigerian National Petroleum Company Limited (NNPC Ltd.) has declared N3.3 trillion profit for the 2023 financial year. Chief Financial Officer of NNPC Ltd., Alhaji Umar Ajiya, who addressed newsmen…
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8m metering gap stifles liquidity in power sector — FG
Categories: BusinessContinue Reading: 8m metering gap stifles liquidity in power sector — FGMBH Power supplies 700,000 meters The Minister of Power, Chief Adebayo Adelabu, has said that the eight million metering gap that exists in the power sector is responsible for…
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Prices of perishable items crash in Yobe, Borno, Adamawa
Categories: BusinessContinue Reading: Prices of perishable items crash in Yobe, Borno, AdamawaThe prices of perishable items have recorded a fall in some major towns in Yobe, Borno and Adamawa states, the News Agency of Nigeria (NAN) reports. NAN’s checks at Perishable…
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Women, youths seek opportunities at agric convention
Categories: AgricultureContinue Reading: Women, youths seek opportunities at agric conventionMany women, most of them youths, converged on Abuja yesterday to network toward seeking opportunities at the National Youth in Agricultural convention. The event was organised by the Nigerian Women…
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Kyari urges military to sustain onslaught against crude oil theft
Categories: BusinessContinue Reading: Kyari urges military to sustain onslaught against crude oil theftThe Group CEO of NNPC Ltd., Mr. Mele Kyari, has called on the military to sustain the war against crude oil theft and pipeline vandalism saying the current onslaught against…
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FG threatens to restrict British Airways, Virgin from Lagos, Abuja
Categories: BusinessContinue Reading: FG threatens to restrict British Airways, Virgin from Lagos, Abuja…Stakeholders commend move, call for diplomacy Aviation analysts and stakeholders yesterday hailed the decision by the Minister of Aviation, Mr. Festus Keyamo to demand a slot for Nigeria’s Air…
