UK RETAIL SALES IN SURPRISE REBOUND
British retail sales surprisingly rose overall in July but consumer confidence is at a record-low as the United Kingdom heads…
TCN: BLACKOUT LOOMS AS LAGOS DISCO STOPS OPERATIONS
The Ikeja Electricity Distribution Company has announced a shutdown of operations following the issues between the National Union of Electricity…
POWER INTERVENTION FUND JUMPS TO N2.9trn
The Federal Government’s intervention fund to the electricity distribution companies has risen to N2.9trn, from N2trn recorded as of May…
FUEL SUBSIDY HITS N1.593tn, REFINERY REHABILITATION GULPS N54.66bn
The latest data on the amount spent on subsidizing petrol showed that the government subsidized the commodity with N1.593tn between…
5% TAX: TELECOMS CONSUMERS HEAD FOR COURT
Telecommunication subscribers, under the aegis of the National Association of Telecoms Subscribers, have vowed to challenge the legitimacy of the…
NIGERIA LOSES N101bn WORTH OF OIL, SAYS OPEC
Nigeria’s crude oil production plunged by 2.3 million barrels in July 2022 when compared to what the country produced in…
NIGERIA, THREE OTHERS TOP WORLD BANK DEBTORS’ LIST
Rising debt has pushed Nigeria up the World Bank’s top 10 International Development Association borrowers’ list. The World Bank Fiscal…
BUHARI APPROVES SEPLAT’S ACQUISITION OF EXXON MOBILE SHARES
The President, Muhammadu Buhari has consented to the acquisition of the entire share capital of Mobil Producing Nigeria Unlimited by…