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Business and Economy

Fresh $5.8bn Loan: SERAP Writes Buhari, Seeks ‘Moratorium’ On Borrowing

Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “issue an immediate moratorium on borrowing by the Federal Government and the...

Oil price plunges to $73 a barrel amid Omicron uncertainties

The price of crude oil dipped on Friday amid surging cases of Omicron coronavirus variant, raising concerns that new restrictions may affect fuel demand....

Inflation Drops to 15.40% – NBS

The Consumer Price Index, (CPI) which measures inflation dropped to 15.40 per cent (year-on-year) in November compared to 15.99 per cent in the preceding...

Nigeria’s Public Debt Rises by N2.5trn to N38trn

Nigeria’s total public debt rose by N2.54 trillion, from N35.465 trillion at the end of the second quarter of 2021, to N38.005 trillion ($92.626...

UAE allocates 6 slots to Air Peace in Dubai, Sharjah airports

The United Arab Emirates (UAE) has finally conceded six slots to Air Peace, both at the Dubai and Sharjah airports, TheCable understands.The move was...

NNPC Posts N141.96bn Trading Surplus, N89.2bn Operating Revenue Loss in June

The Nigerian National Petroleum Company (NNPC) Limited has revealed that it recorded a total trading surplus of N141.96 billion in June 2021, compared to...

‘We never left Sharjah Airport’ — Air Peace denies UAE’s claim

Air Peace says claims by aviation authorities in the United Arab Emirates on why the country denied its flight slots are untrue.In a letter...

Oil price tops $75 amid ease in Omicron COVID-19 variant concerns

The global oil price climbed above $75 per barrel on Friday amid ease in concerns that the travel restrictions instigated by the Omicron variant...

FG cuts Emirates’ daily flight operations into Abuja to once-weekly

The federal government has reduced Emirates Airlines’ flight operations to Abuja airport from daily to once per week.In a letter dated December 9 and...

FG Earned N2.81trn from VAT, CIT in Nine Months

The federal government generated over N2.81 trillion from both Value Added Tax (VAT) and Company Income Tax (CIT) in the first three quarters of...

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