Economy Archives - 1st for Credible News

Why it is difficult to arrest vessels stealing crude oil in Nigeria – NPA boss

Posted by Chuks Ofurum
|Date: October 26, 2022
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Why it is difficult to arrest vessels stealing crude oil in Nigeria – NPA boss

The Managing Director, of the Nigerian Ports Authority (NPA), Mohammed Koko, has explained that rogue shi ...

The Managing Director, of the Nigerian Ports Authority (NPA), Mohammed Koko, has explained that rogue ships evade arrest as they switch off their Automation Identification System that displays the ves ...

October 26, 2022
| by Chuks Ofurum

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Sanusi questions NNPC statistics on fuel consumption

Posted by 1st news
|Date: October 15, 2022
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Sanusi questions NNPC statistics on fuel consumption

Former Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi, on Saturday, October 15, queried th ...

Former Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi, on Saturday, October 15, queried the volume of Nigeria’s daily consumption of Premium Motor Spirit also known as petrol. Sanusi de ...

October 15, 2022
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FG set to ban ‘ponmo’ to grow economy

Posted by Chimezie Orisakwe
|Date: September 20, 2022
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FG set to ban ‘ponmo’ to grow economy

The Federal Government says it is proposing legislation that would outlaw the consumption of animal skin, ...

The Federal Government says it is proposing legislation that would outlaw the consumption of animal skin, known locally as ponmo. This move is in order to revitalize tanneries. Muhammad Yakubu, Direct ...

September 20, 2022
| by Chimezie Orisakwe

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NBS reveals retail price for petrol stood at N189.46 in August 2022

Posted by 1st news
|Date: September 16, 2022
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NBS reveals retail price for petrol stood at N189.46 in August 2022

The National Bureau of Statistics (NBS) has stated that the average retail price paid by consumers for Pr ...

The National Bureau of Statistics (NBS) has stated that the average retail price paid by consumers for Premium Motor Spirit (Petrol) for August 2022 was N189.46. This is according to the NBS Premium M ...

September 16, 2022
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Buhari: Nigeria’s economy has grown, despite various challenges

Posted by 1st news
|Date: September 09, 2022
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Buhari: Nigeria’s economy has grown, despite various challenges

President Muhammadu Buhari has stated that despite the disruptions in global economy and internal trouble ...

President Muhammadu Buhari has stated that despite the disruptions in global economy and internal troubles; the Nigerian economy has continued to be resilient and maintain an upward trajectory. The pr ...

September 09, 2022
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Delta Airlines halts New York-Lagos route from Oct 4

Posted by 1st news
|Date: August 30, 2022
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Delta Airlines halts New York-Lagos route from Oct 4

Delta Airlines will discontinue service between New York-JFK and Lagos. The airline disclosed this on Tue ...

Delta Airlines will discontinue service between New York-JFK and Lagos. The airline disclosed this on Tuesday, August 30, 2022; adding that it would end its nonstop service due to the "current demand ...

August 30, 2022
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CBN leading economic diversification – Emefiele

Posted by 1st news
|Date: August 27, 2022
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CBN leading economic diversification – Emefiele

The Central Bank of Nigeria (CBN) has stated that it is leading the drive towards diversifying the nation ...

The Central Bank of Nigeria (CBN) has stated that it is leading the drive towards diversifying the nation’s economy away from oil through its numerous interventions. Mr Godwin Emefiele, Governor of CB ...

August 27, 2022
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British Airways suspends Nigerian flights over $464m ticket sales

Posted by 1st news
|Date: August 27, 2022
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British Airways suspends Nigerian flights over $464m ticket sales

British Airways, a major airline, has forbidden travel agencies in Nigeria from selling their tickets. Th ...

British Airways, a major airline, has forbidden travel agencies in Nigeria from selling their tickets. The airline revealed that it is difficult for international airlines to return $464 million in ti ...

August 27, 2022
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FG reveals fuel subsidy gulps N18.39bn daily

Posted by 1st news
|Date: August 18, 2022
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FG reveals fuel subsidy gulps N18.39bn daily

The Federal Government (FG) has disclosed that the projected daily payment for fuel subsidy stands at N18 ...

The Federal Government (FG) has disclosed that the projected daily payment for fuel subsidy stands at N18.39 billion. This was disclosed on Thursday, August 18, 2022 by the Minister of Finance, Zainab ...

August 18, 2022
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Nigerians can access eNaira through USSD – CBN

Posted by 1st news
|Date: August 18, 2022
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Nigerians can access eNaira through USSD – CBN

Nigerians will be able to use their mobile phones' Unstructured Supplementary Service Data code starting ...

Nigerians will be able to use their mobile phones' Unstructured Supplementary Service Data code starting the next week to conduct transactions on the eNaira wallet, according to Central Bank of Nigeri ...

August 18, 2022
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