Tag: Economy

Forex, uncertainty responsible for lack of fuel import by marketers – PPPRA laments

Estimated Reading Time: 2 The Petroleum Products Pricing Regulatory Agency, PPPRA, blamed foreign exchange challenges and prevailing uncertainty for the inability of oil marketers to resume fuel import. Addressing newsmen in Abuja on Tuesday, the Executive Secretary of the PPPRA, Mr. Saidu Abdulkadir, explained that the Petroleum Products Marketing Company,[Read More…]

Cheta Nwanze: ‘Sillynomics: Nigeria’s poor economic choices and its severe implications

Estimated Reading Time: 4COVID-19 hit harder than Mike Tyson in his prime. Everything from manufacturing, retail, oil and gas, hospitality, aviation, hospitality, and construction got hit hard. The economic shutdown brought about lower production, supply, and demand. Supply chains were severely compromised. The supply of secure transportation dropped and the[Read More…]

FEC approves revised 2021-2023 MTEF/FSP

Estimated Reading Time: 3The Federal Executive Council (FEC) on Wednesday approved the revised 2021 to 2023 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) at its virtual meeting. The meeting that was presided over by President Muhammadu Buhari at the Council Chamber of the State House approved an N12.66[Read More…]

“Publish all tenders and all contracts” – Okonjo-Iweala said she saved billions of dollars as finance minister

Estimated Reading Time: 1Nigeria’s former Finance Minister, Ngozi Okonjo-Iweala, has advised governments across the world to be more transparent and accountable amid the coronavirus pandemic. She observed that many countries are battling corruption in the procurement of medical supplies including personal protective equipment, stressing that governments should “publish all tenders and[Read More…]