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Home » ECONOMY » Page 30

Category Archives: ECONOMY

FLASH: Reps Considering Increasing Derivation To 50 Percent

Posted on October 24, 2024October 24, 2024 by GISTSMATE MEDIA

The House of Representatives is considering a constitutional amendment bill aimed at increasing the derivation fund from the current “not […]

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BREAKING: Old 200, 500 And 1000 Naira Will No Longer Be Legal Tender After December 31, 2024

Posted on October 24, 2024October 24, 2024 by GISTSMATE MEDIA

The House of Representatives has asked the Central Bank of Nigeria(CBN) to make available more new notes of N200, N500 […]

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BREAKING: Nigeria’s Public Debt Hits N134.3 Trillion In Q2 2024

Posted on October 24, 2024October 24, 2024 by GISTSMATE MEDIA

Nigeria’s public debt has reached an all-time high of N134.3 trillion, as of the end of the second quarter of […]

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FG Bans Exports Of Cooking Gas To Address Skyrocketing Price 

Posted on October 23, 2024October 23, 2024 by GISTSMATE MEDIA

Ekperikpe Ekpo, Minister of State Petroleum Resources (Gas), has directed the Nigerian National Petroleum Company Ltd. (NNPC Ltd.) and Liquefied […]

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FG Plans 5% Tax On Telecoms Services, Others 

Posted on October 20, 2024October 20, 2024 by GISTSMATE MEDIA

The Federal Government has proposed a five per cent excise duty on telecommunications services, gaming, and betting activities as part […]

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BREAKING: FG Declares End Of Fuel, FX Subsidies

Posted on October 17, 2024October 17, 2024 by GISTSMATE MEDIA

The federal government has officially ended fuel and foreign exchange subsidies, Minister of Finance and Coordinating Minister of the Economy […]

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Naira Among Worst Performing Currencies In 2024 – World Bank

Posted on October 16, 2024October 16, 2024 by GISTSMATE MEDIA

The naira is one of the worst-performing currencies in Sub-Saharan Africa for 2024. According to the latest edition of Africa’s […]

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JUST-IN: Reps Demand Immediate Petrol, Cooking Gas Price Hike Reversal

Posted on October 16, 2024October 16, 2024 by GISTSMATE MEDIA

The House of Representatives has waded into the increase in the pump price of petroleum products. Moved by the Deputy […]

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Nigeria’s Foreign Reserves Rose To $39 Billion In October – Cardoso

Posted on October 15, 2024October 15, 2024 by GISTSMATE MEDIA

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says the country’s foreign reserves rose by 12.74 percent to […]

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More Hardship Looms As Cooking Gas Price Jumps To All-Time High

Posted on October 14, 2024October 14, 2024 by GISTSMATE MEDIA

As Nigerians grapple with rising fuel costs, Liquefied Petroleum Gas (LPG), commonly used for cooking, has reached an unprecedented N1,500 […]

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