Beyond Headlines… More News
A popular market on Lagos Island, Balogun Market, has been gutted by fire. Daily Trust learnt that the fire affected a plaza in the market where Ladies’ shoes are sold. Firefighters from two divisions of Lagos Fire Service had been deployed to the scene to put out the fire. There have many cases of fire […]
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With the naira standing below par against the dollar and other foreign currencies, the Monetary Policy Rate, MPR, hike and increasing inflation rates, the nation’s economic outlook for the second quarter looks bleak. According to the Central Bank of Nigeria, CBN, naira to dollar stands at 460.48 (Selling official rate); however, at the parallel market, […]
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The Central Bank of Nigeria on Thursday began the disbursement of old naira notes to Deposit Money Banks as government authorities stepped up efforts to end the biting currency scarcity that has inflicted pain on millions of bank customers nationwide. The central bank had directed DMBs to pick old N1,000, N500 and N200 notes at […]
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The Federation Account Allocation Committee (FAAC) says it shared N722.677 billion among the three tiers of government in February 2023. The disbursement shows a decrease of N27.497 billion compared to January’s allocation of N750.174 billion. FAAC disclosed this in a communique issued at the end of its meeting for March 2023 in Abuja on Wednesday. […]
Continue ReadingThe National Bureau of Statistics (NBS) has said the federal government generated N697.38 billion as Value Added Tax (VAT) in the fourth quarter of 2022. The Bureau disclosed this in its “Sectoral Distribution of Value Added Tax” report for Q4 2022, released on Wednesday. According to the bureau, the figure represents a growth rate of […]
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The confidence index of chief executive officers in the manufacturing sector slightly diminished in the fourth quarter of 2022 (Q4’22) to 55 points from 55.4 points in the preceding quarter (Q3’22). This was revealed in the Manufacturers CEO’s Confidence Index (MCCI) report of the Manufacturers Association of Nigeria (MAN), made available to Vanguard yesterday. The report […]
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Nigeria’s oil production has risen month-on-month, MoM, by 1.9 per cent to 1.258 million barrels per day, mb/d, in January 2023, from 1.235 mb/d recorded in December 2022. The figures excludes Condensate. The Organisation of Petroleum Exporting Countries, OPEC, in its February 2023 Monthly Oil Market Report, MOMR, obtained by Vanguard yesterday, however, indicated that […]
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Airport concession inconclusive, MRO establishment untouched •Weak institutions threaten aviation sector devt- Utomi Ahead of the 2023 election, aviation experts have insisted that the sector’s future appears gloomy following the current administration’s inability to implement about 94 per cent of recommendations in eight years. The recommendation according to the experts stood as an appraisal to assess the […]
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