Economy

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Background

Economy

ENUGU GOVERNMENT PROJECTS OVER 600 BILLION NAIRA IGR FOR 2025.

Enugu State Governor, PETER MBAH, has predicted that the state’s Internally Generated Revenue (IGR) may surpass the N600 billion target set for 2025.  The governor spoke during an interactive session with members of the Nigerian Guild of Editors (NGE), on the side-lines of the Guild’s Biennial Convention held in the state over the weekend.   Governor MBAH stressed that the ongoing infrastructure projects and programmes across the state were beyond bricks […]

todayJune 30, 2025

Economy

Nkpokote Nsukka Development Forum Set to Support Security Initiatives in Enugu.

A non-partisan socio-cultural and developmental civil society group,  Nkpokote Nsukka Development Forum has expressed readiness to support security initiatives across the Nsukka cultural zone. In a statement signed by the President General of the forum, Barthilomoew Ugwoke and Secretary General, Emeka Agbo, the group expressed displeasure over the recent surge in insecurity and killings in communities such as; Nimbo, Opanda, and Igga in Uzo-Uwani LGA, Eha-Amufu, and Neke in Isi-Uzo […]

todayJune 23, 2025

Economy

NIGERIA’S INFLATION DROPS TO 22.97%

National Bureau of Statistics, NBS, has announced that Nigeria’s headline inflation rate dropped to 22.97 percent.  NBS said the May 2025 headline inflation rate decreased by 0.74 per cent compared to the April headline inflation rate, while on a month-on-month basis, inflation declined significantly to 1.53 percent in May from 1.86 percent in April.  On a year-on-year basis, the NBS said the headline inflation rate was 10.98 per cent lower than the […]

todayJune 17, 2025

Economy

SheCode for Money Matters Empowers Women with Financial Resources for Sustainable Business Growth

In a robust effort to support and advocate for women's financial freedom, a remarkable business network, SheCode for Money Matters, has affirmed its commitment to building a network of financially independent women across different sectors.Speaking at a conference organized by  SheCode for Money Matters, tagged 'Your Guide to Accessing Finance for Building a Sustainable Business Empire,' the convener, NGOZI EBOH, emphasized the opportunities available within the Women in Business network […]

todayApril 2, 2025

Economy

NIGERIAN ARMY BEGINS RECRUITMENT OF TRADESMEN AND NON-TRADESMEN.

The Nigerian Army has commenced the enlistment of tradesmen, non-tradesmen, and women for its 89th regular recruits intake.The military announced this on its X account, informing the general public that the online application for 89 Regular Recruits Intake for Non-Tradesmen and Women will commence soon for all interested candidates.The statement explained that application is free, and advised applicants to apply once, as multiple applications will lead to disqualification. It added […]

todayApril 2, 2025

Economy

Motorists Feared Dead In Abuja Tanker Explosion

A petrol-laden tanker has exploded at Karu Bridge, near Nyanya, along the Abuja-Keffi Road, Abuja. The explosion occurred when the tanker, carrying Premium Motor Spirit, PMS, otherwise known as fuel lost control and crashed on the bridge, igniting a fire that rapidly spread to nearby vehicles. The incident has destroyed no fewer than 30 vehicles, raising fears of multiple casualties as rescue operations are ongoing. A heavy presence of military […]

todayMarch 20, 2025

Business

Dangote Refinery Suspends Petrol Sales in Naira.

The Dangote refinery has officially announced a temporary suspension of petroleum products sales in Naira. This was disclosed in a statement released yesterday by the company, citing an imbalance between its sales proceeds and crude purchase obligations, which are currently denominated in U.S. dollars. It said the decision aims to address the mismatch and ensure sustainable operations, and further emphasized that petroleum product sales in Naira will promptly resume once […]

todayMarch 20, 2025

Economy

Professor Felix Asogwa Advocates Consensus Building in Addressing Separatist Agitations in Nigeria

The Director Institute for Peace, Conflict and Development Studies, Enugu State University of Science and Technology, ESUT, Professor Felix Asogwa, has advocated for consensus building in managing separatist agitation in Nigeria, adding that the first step in this direction should be the release of the leaders and members of the separatist movements in detention in Nigeria, especially the leader of the Indigenous People of Biafran, IPOB, Nnamdi Kanu and his […]

todayMarch 5, 2025

Economy

CBN Ends Free ATM Withdrawals for Customers Using Other Banks’ Machines.

The Central Bank of Nigeria, CBN has once again issued another directive pertaining to cash withdrawal charges to customers as it published an FAQ document today, stating that Nigerians withdrawing less than 20,000 Naira from another bank’s Automated Teller Machine, ATM will still incure 100 Naira fee per transaction. The Apex bank, in its Frequently Asked Questions, FAQ, document published on its website, clarified that from March 1, 2025, under […]

todayFebruary 14, 2025

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