18

Aug

FG approves N5bn palliatives for every state to cushion effect of subsidy removal

The Federal Government has approved N5bn as palliatives for each state and the Federal Capital Territory (FCT) to enable them to procure food items for distribution to the poor in their respective states. Governor Babagana Zulum of Borno State disclosed this at the Presidential Villa, Abuja, shortly after the National Economic Council (NEC) meeting. This development development […]

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17

Aug

Stock market extends down trend by 0.47%

It was yet another bearish session on the floor of the Nigerian stock market on Wednesday as downtrend extended on profit taking by investors. The All Share Index dropped by 0.47% to close at 64,625.28 points from the previous close of 64,928.98 points. The Market Capitalisation grew by 0.04% to close at N35.370 trillion from the previous[…]

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16

Aug

Marketers kick as FG rules out further fuel price hike

Oil marketers, on Tuesday, advised President Bola Tinubu to gradually relax the removal of subsidy on Premium Motor Spirit, popularly called petrol, following the inability of importers to access the United States dollars and the impact which this was having on businesses. This came as Tinubu ruled out fuel price hike and reversal of fuel subsidy. However,[…]

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