Businessam Staff
CBN’s N225.45 billion treasury bills auction records oversubscription
The Central Bank of Nigeria’s (CBN) Treasury Bills Auction that held last Wednesday was oversubscribed in spite of the low rates. The…
BREAKING: Inflation rate jumps to 11.98% as border closure continues
Nigeria’s inflation rate rose year on year from 11.44% as at the end of 2018 to 11.98% by December 2019. This…
FG to back budgets with finance bills henceforth, says Finance Minister
The Federal Government has reiterated plans to henceforth back annual budgets with finance bills, according to the Finance Minister, Zainab…
FG to site specialised agricultural market in Osun
The Federal Government is to site a specialised agricultural produce and international fish market in Ijebu –Jesa in Oriade Local…
7.5% VAT to take effect February 1, says Finance Minister
As Nami unveils 4-point pillars for FIRS Adds "What I‘ll achieve in 100 days" The Minister of Finance,…
Florida buys Everglades land to prevent oil drilling
Florida has agreed to buy part of the Everglades wetlands to protect the sensitive ecosystem from oil drilling, Reuters reports, citing…
Buhari meets NNPC GMD, Mela Kyari again over oil prices
President Muhammadu Buhari, has again met with the Group Managing Director of the Nigeria National Petroleum Corporation, Mela Kyari, at…
Nigeria’s daily oil production plunges to 1.57m barrels
Nigeria’s crude oil production fell to a record low of 1.57 million barrels per day last month, the Organisation of…
Solution to poor electricity beyond recapitalisation of Discos, says electricity group
A group, the All Electricity Consumers Protection Forum, says the solution to the power challenges preventing stable electricity supply in…
1.2m TEUs to be added to shipping fleets in 2020, says Drewry
By Samson Echenim About 1.2 million 20ft equivalent units (TEUs) containers are expected to be added to global shipping…
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