Saturday, August 22, 2026
Economy
Petroleum subsidy cost jumps 1,452% from N257bn in 2006 to N4trn in 2022 – BudgIT
The cost of Nigeria's controversial petroleum subsidy has risen by 1,452% from N257 billion to N4 trillion between 2006 and...
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Jan-April 2022: Nigeria spent N4.72trn, only 16.4% is capital expenditure
In the first four months of this year, Nigeria's aggregate expenditure stood at N4.72 trillion with only 16.4% spent on...
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States with highest and lowest diesel prices in Nigeria
The average retail price of Automotive Gas Oil (Diesel) paid by consumers in Nigeria increased by 202.67% on a year-on-year...
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Just in: CBN raises interest rate to 14%
The Central Bank of Nigeria, on Tuesday, raised the Monetary Policy Rate (MPR) which measures interest rate to 14 per...
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Just in: Inflation rises to 18.60% in June, highest in over 5 years – NBS
Nigeria’s inflation rate jumped to 18.60% in June, the National Bureau of Statistics (NBS) said in a report released on...
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Germany’s energy giant hit by gas crisis seeks government bailout
Germany’s Uniper (UN01.DE), a major energy company is seeking a government bailout due to the financial impact of dwindling supplies of Russian...
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Russian ruble hits 7-Year high, threatening export competitiveness
The Russian ruble surged to a seven-year high on Monday, and sparked a debate in Moscow on whether the central...
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Nigeria’s inflation rate rises to 11-month high
Nigeria's inflation rate jumped to 17.71% in May 2022, the national Bureau of Statistics said in a report released on...
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Nigeria’s public debt rises by over N2 trillion in 3 months
Nigeria's total public debt rose by N2.048 trillion in the first three months of the year, according to a report...
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President Biden declare energy emergency with respect to electricity generation
US President, Joseph R. Biden Jr, has declared a state of emergency with respect to threats to the availability of...
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