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Thursday, November 21, 2024

CATEGORY

Economy

CBN reports Nigeria’s external reserves rises to $40.2 Billion

  The Central Bank of Nigeria (CBN) has announced that Nigeria’s external reserves reached $40.2 billion as of October 18, 2024. Deputy Governor of Economic Policy,...

We would raise VAT on luxury goods to 15% – FG

The federal government would apply a 15 per cent Value Added Tax (VAT) on luxury products, according to Mr Wale Edun, Minister of Finance...

Petrol importation resumes as Dangote refinery fails to meet target

Due to the Dangote Refinery's incapacity to provide the nation's substantial fuel needs, petroleum marketers have started importing petrol again. AFRIPOST gathered that between Friday,...

Stakeholders call for govt action to address rising egg prices

The Poultry Association of Nigeria (PAN) in Lagos State, along with other industry stakeholders, has expressed serious concerns over the sharp increase in egg...

Naira falls to N1,725/$ in parallel market 

The Naira weakened further in the parallel market today, dropping to N1,725 per dollar from N1,710 per dollar recorded on Thursday. In contrast, the Naira...

Labour lauds Sanwo-Olu for approving N85,000 minimum wage

  The organised labour has lauded Lagos State Gov. Babjide Sanwo-Olu’s approval of N85,000 minimum wage for the state workers. In interviews with the News Agency...

Naira declines by 6.8% against Dollar in official market 

The naira experienced a significant drop on Tuesday, depreciating to N1,658.97 against the U.S. dollar in the official market. According to data from the FMDQ...

Naira among worst performing currencies in Africa – World Bank

The naira is one of the worst-performing currencies in Sub-Saharan Africa in 2024, according to the most recent edition of the World Bank's Africa's...

Hardship bites harder for Nigerians as bread prices increase

Nigerian bakers and flour millers have warned of further pricing pressures in the industry, which would result in more price increases for bread and...

SERAP urges Tinubu to reverse latest petrol price hike pending court decision

The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to instruct the Nigerian National Petroleum Company Limited (NNPCL) to reverse...

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