Business

The Federal Government says the current crisis rocking Nigeria’s Aviation Sector as the cause of the major challenge in the Industry is a global issue. According to the Minister of Aviation, Hadi Sirika, the government is aware of the challenges, noting that there was no immediate solution to the concerns currently. Recall that Domestic Airlines in Nigeria have been faced with a stiff challenge posed by the hike in the […]

The Federal, State and Local governments shared N802.407billion as federation allocation for the month of June 2022. According to a statement issued by the Director of Press/Information, Federal Ministry of Finance, Phil Abiamuwe-Mowete, the sharing decision was reached at Federation Account Allocation Committee’s meeting on Tuesday. The statement noted that this represents 18 per cent increase from N681billion shared in May.

Nigerian equities has opened the week extending its losing streak for the fifth consecutive session as investors’ investment declined by N313 billion. The All Share Index decreased by 579.39 absolute points, representing a dip of 1.11 per cent to close at 51,400.53 points. Similarly, the market capitalization lost N313 billion to close at N27.718 trillion.

The Central Bank of Nigeria, CBN, has disbursed N68.13billion to beneficiaries under its 100-for-100 Policy on Production and Productivity. CBN Governor, Godwin Emefiele, disclosed this after the last Monetary Policy Committee meeting. According to the guidelines for the implementation of the initiative, the Apex Bank fixed the maximum loan amount that a participant could get at N5billion.

The value of agricultural goods imported into the country exceeded exports by N443.35bn in the first quarter of 2022 amid rising security challenges. According to figures from the National Bureau of Statistics revealed the value of total trade in agricultural goods in Q1, 2022 stood at N644.94bn of which exports were valued at N201.59bn in Q1, 2022.

The House of Representatives’ Committee on Finance has summoned the Ministers of Finance, Budget and National Planning, Zainab Ahmed and of Power, Abubakar Aliyu, among others over the planned sale of five power plants. Chairman of the House Committee on Finance, James Faleke, described the planned sale of the power plants as unconstitutional and a disservice to the nation’s development as the assets jointly belong to the three tiers of […]

The price of interstate transport from Imo State recorded an increase due to insecurity bedeviling the State. In an interview with Boss Radio Correspondent, a Manager of a Transport Company, Chukwu Godwin, outlines the fare to some States. Godwin adds that the turnout of passengers is very low.

The Masters Bakers Association of Nigeria has announced plans to halt production of their products effective on Thursday. In an interview with Boss Radio News, the Chairman of Imo Masters Baker’s Association, Osmond Nkeoma discloses the reason for the strike Speaking further, Nkeoma states the duration of the strike.

The National Assembly says it will verify claims made by companies that are shortlisted for the N375billion Export Expansion Grant, EEG. This was disclosed by the Director-General of the Nigerian Export Promotion Council, during the signing of a memorandum of understanding between the NEPC and the Small and Medium Enterprise Development Agency of Nigeria on Thursday in Abuja. According to the DG, the N375 billion is the backlog of the […]