Economy

Economy

Economics and Sociology

FG targets 11.5m litres of petrol as rehabilitation of Port Harcourt Refinery begins

FG targets 11.5m litres of petrol as rehabilitation of Port Harcourt Refinery begins

Africa-Press - Nigeria. The federal government is targeting about eleven point five million litres of petrol from the Port Harcourt Refinery at the completion...
Nigeria budget: 316 projects duplicated, 117 agencies got N24bn for security – BudgIT reveals

Nigeria budget: 316 projects duplicated, 117 agencies got N24bn for security – BudgIT reveals

Africa-Press - Nigeria. BudgIT says it has made damning discoveries from the 2021 budget, including the duplication of projects and “security votes” allocations to...
Businesswoman, guest abducted by gunmen in Ogun

Businesswoman, guest abducted by gunmen in Ogun

Africa-Press - Nigeria. A businesswoman identified as Roselyn Edusi has been kidnapped in Ogun State, alongside a male guest. They were reportedly abducted on a...
Minimum wage: Ngige threatens governors not paying N30, 000

Minimum wage: Ngige threatens governors not paying N30, 000

Africa-Press - Nigeria. Chris Ngige, the Minister of Labour and Employment has threatened legal actions against state governors not paying the new minimum wage. Ngige...
May Day: Pensioners knock Gov Abiodun over ₦500m quarterly gratuity payment

May Day: Pensioners knock Gov Abiodun over ₦500m quarterly gratuity payment

Africa-Press - Nigeria. The Chairman of the Local Government Pensioners Association of Nigeria, (LOGPAN) Ogun State branch, Chief Sikiru Ayilara has frowned at the...
First Bank: ‘Decision to sack Adeduntan was in best interest’ – Awosika insists

First Bank: ‘Decision to sack Adeduntan was in best interest’ – Awosika insists

Africa-Press - Nigeria. Former chairman of First Bank Nigeria Limited, Mrs. Ibukun Awosika has said that the decision to sack reinstated Managing Director of...
Customs invade Ibadan market, cart away truckloads of rice

Customs invade Ibadan market, cart away truckloads of rice

Africa-Press - Nigeria. Men of the Nigeria Customs Service (NCS) have invaded Oja Oba market in Ibadan, the Oyo State capital, carting away eight...
NNPC denies financial distress amid concerns over letter to AGF

NNPC denies financial distress amid concerns over letter to AGF

Africa-Press - Nigeria. The Nigerian National Petroleum Corporation (NNPC) says reports about its financial distress are inaccurate. NNPC spokesman, Kennie Obateru in a statement on...
Adeduntan resumes as First Bank CEO after CBN intervention

Adeduntan resumes as First Bank CEO after CBN intervention

Africa-Press - Nigeria. First Bank of Nigeria says Adesola Adeduntan has resumed as the Chief Executive Officer. A statement by the management said this was...
Debt: Reps okay $1.5 billion, €995 million loans without terms, condition

Debt: Reps okay $1.5 billion, €995 million loans without terms, condition

Africa-Press - Nigeria. The House of Representatives has asked the Executive to send the terms and conditions of the loan it approved. The green chamber...