Naira tumbles to N900 after brief recovery
The naira is on a downward spiral again after government’s intervention handed the currency a breather for about a week.
The currency fell to N900...
Nigeria shares N966 billion to states, LGAs as July revenue drops
The Federation Account Allocation Committee said it has distributed N966.11 billion to the three tiers of government for July.
The funds were disbursed from a...
Tinubu halts petrol price rise – effectively reinstating subsidy
President Bola Tinubu said his government will not allow a further rise in the price of petrol from the current rate of N617, effectively...
Nigeria annual inflation jump biggest in 7 years after subsidy removal
Nigeria’s inflation rose to its highest level in at least 18 years in July, two months after the government scrapped fuel subsidy.
Inflation is the...
Petrol going to N720 a litre as naira suffers, marketers say
The retail price of petrol in Nigeria is bound to rise to between N680 and N720 a litre in the coming weeks if the...