Breaking News
Translate
Latest

Business

N1.5trn spent to subsidise petrol in 2019 — Enang

By Michael Eboh The Federal Government said it spent N1.5 trillion to subsidize Premium Motor Spirit (PMS) also known as petrol in 2019. Senior Special Assistant to the President on Niger Delta Affairs, Senator Ita Enang, disclosed this in a communiqué obtained by Vanguard. The communiqué was issued after a consultative meeting between a Federal
Read More

N1.5trn spent on fuel subsidy in 2019— FG

…queries huge expenditure on moribund refineries …warns of difficulty in mobilising revenue, subsidy payment By Michael Eboh The Federal Government has revealed that it spent N1.5 trillion on fuel subsidy in 2019. Senior Special Assistant to the President on Niger Delta Affairs, Senator Ita Enang, disclosed this in a communiqué in Abuja. The communiqué was
Read More

Iron Capital partners Australian govt to support businesses in Africa

Nkiruka Nnorom Iron Capital, Africa-focused corporate finance and financial advisory firm, has announced a partnership with the Australian government, through its Australian Trade Commission (Austrade) to support the country’s businesses eyeing African investment. The new partnership allows Austrade to leverage on the extensive network of contacts Iron Capital has cultivated in Africa to support Australian
Read More

Equities

NSE: Investors lose N222bn in 6 hours

Activities opened on the Nigerian Stock Exchange (NSE) for the week on a bearish posture with the market capitalisation losing N222 billion in about six hours of trading. Specifically, the market capitalisation which opened for the week on Monday at N10.993 trillion shed N222 billion or 2.02 per cent to close at N10.771 trillion. In
Read More

Do NOT follow this link or you will be banned from the site!