Wage bill, other spending exceed subsidy savings — Oyedele
…Govt saved N15.8trn from subsidy removal, naira floatation …FG got only N5.43trn, borrowed N11.85trn …No large pool of cash available to FG By Emma Ujah, Abuja Bureau Chief ABUJA — The Federal Government has clarified that the N15.8 trillion saved from fuel subsidy removal and the flotation of the naira between June 2023 and December […]
$1trn capitalisation: NSE urged to intensify drive for oil & gas, telcos listing
AS the set time for the actualisation of the Nigerian Stock Exchange, NSE, $1 trillion market capitalisation approaches, capital market operators have advised the management of the Exchange to intensify efforts of wooing companies in the upstream and downstream oil and gas and telecommunication sectors to list.
FG to sanction manufacturer of burnt Oshogbo transformer
THE Federal Government has threatened to sanction a Chinese Company, CBEA of China, the manufacturer of the 150MVA transformer that caught fire at Oshogbo Transmission Region, in Osun State, if investigations showed that the product was substandard.
May & Baker seeks special funding window for healthcare sector
May & Baker Nigeria Plc has called for a special collaboration among capital market regulators, operators, pharmaceutical and healthcare companies to create a special funding window for the industry.
Non-availability of cylinders hinders LPG growth
EFFORTS to increase the consumption of Liquefied Petroleum Gas, LPG, also known as cooking gas in the country are being undermined by lack of access to cylinders in the market.
South Africa concludes plan to invest in Nigeria’s mining, forestry
The Industrial Development Corporation (IDC) of South Africa on Monday in Abuja, said it was prepared to invest in the Nigeria’s Mining and Forestry sectors.
