Archives Tag: economy news
FG Approves N407b Fuel Subsidy Claims
April 19, 2022
The Federal Government has officially approved the payment of the N407 billion owed to fuel marketers, Reuters reports. Federal Minister of Finance, Kemi Adeosun, in a statement, cited that the payment was being made following a directive from President Muhammadu Buhari on immediate payment. The payment notably includes arrears in payment from 2014 as well … Continue reading FG Approves N407b Fuel Subsidy Claims
By ify
Investors to Receive Cash Payments from January 2
April 19, 2022
According to The Nation, all investors in the Nigerian capital market will be credited directly with the net proceeds of stock market transactions commencing January 2, 2016. This was enacted by the Capital Market Committee (CMC), the umbrella body of all capital market stakeholders under the leadership of the Securities and Exchange Commission (SEC). During … Continue reading Investors to Receive Cash Payments from January 2
By ify
Nigeria Records GDP Growth in Q3 2015
April 19, 2022
According to a recent public statement by the National Bureau of Statistics, Nigeria’s Gross Domestic Product has increased by 2.8 percent from a year ago, as cited by Bloomberg Business News. This was reportedly announced by the bureau in an e-mail on Tuesday. According to the data, the oil sector has increased by 1.06% in the third … Continue reading Nigeria Records GDP Growth in Q3 2015
By ify
