Senate will pass Buhari’s $29.96bn loan request, says Lawan
Businessam StaffDecember 17, 2019
Ahmad Lawan, president of the senate, on Monday, confirmed that the red chamber would approve the $29.96bn loan request of President
Nigeria has lost $400bn to foreign havens, says Malami
Businessam StaffDecember 17, 2019
Nigeria has lost over $400bn to offshore havens, said Abubakar Malami, the attorney-general of the federation and minister of justice
Foreign reserves drop by $558.68m in two weeks
Businessam StaffDecember 17, 2019
The country’s foreign exchange reserves continued its downward trend as it dropped from $39.8bn on November 11 to $39.24bn on December
Refineries lost N111bn in nine months, says NNPC
Businessam StaffDecember 17, 2019
The three refineries owned by the federal government lost a total of N111.27bn from January to September this year, the Nigerian
Fuel consumption hits 67.66 million litres/day, subsidy gulps N10.1bn
Businessam StaffDecember 17, 2019
The average daily consumption of petrol has hit 67.66 million litres, indicating an increase of 33.89 million litres when compared to
Lending, Deposit Rates Crashing on the Back of CBN’s OMO Policy
Businessam StaffDecember 16, 2019
The decision by the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, to completely prohibit individuals and local firms
Buhari may sign 2020 budget on Tuesday
Businessam StaffDecember 16, 2019
Barring any last-minute change, President Muhammadu Buhari is billed to assent to the 2020 Appropriation Bill on Tuesday. National
Ghana emerges as Nigeria’s biggest trade partner for the first time
Businessam StaffDecember 13, 2019
Ghana emerges as Nigeria’s biggest export destination for the first time following border closure by the Federal Government
Nigeria falls short of economic growth expectation – IMF
Businessam StaffDecember 13, 2019
The International Monetary Fund has said oil-dependent economies, including Nigeria, continue to fare less than countries reliant on
National Assembly transmits 2020 budget to Buhari
Businessam StaffDecember 13, 2019
The National Assembly has transmitted the 2020 Appropriation Bill to the President, Major General Muhammadu Buhari (retd.) for assent.