English

Economics at vanguardngr.com

Today News

08

Presidential Amnesty, NDRBDA to partner on food security

www.vanguardngr.com

The Presidential Amnesty Programme, PAP, and the Niger Delta River Basin Development Authority, NDRBDA, have agreed to partner on the food security project to boost massive agricultural activities to tackle food problem in the region.

4 months salary arrears: SSANU may shut down varsities tomorrow

www.vanguardngr.com

Barring last minute's change, the Senior Staff Association of Nigerian Universities, SSANU, may shut down universities tomorrow over the non-payment of four months withheld salaries by the government.

Edo 2024: Our candidates’ constituency performances will give us victory — APC

www.vanguardngr.com

By Ozioruva Aliu THE Director General of All Progressives Congress, APC, Campaign Organisation, Senator Matthew Urhoghide, yesterday, said the performances of the party’s governorship candidate, Senator Monday Okpebholo and his running…

07

FG exempts SMEs, farmers, manufacturers from withholding tax

www.vanguardngr.com

The Federal Government has approved the exemption of small businesses, manufacturers and farmers from paying withholding tax as a way of reducing the tax burden on businesses.

Forex: Turnover in NAFEM rises 74% to $22.88 bn in H1’24

www.vanguardngr.com

The volume of dollars traded (turnover) in the Nigerian Foreign Exchange Market, NAFEM, rose year-on-year (YoY) by 74 percent...

CBN to sanction banks for rejecting old, small Dollar denominations

www.vanguardngr.com

The Central Bank of Nigeria (CBN) has threatened to sanction Deposit Money Banks (DMBs) for rejecting old and small denominations...

04

How public debt hit $91.46bn, despite generating $1trn in 40 yrs — Agbakoba

www.vanguardngr.com

Human rights activist and senior lawyer, Dr. Olisa Agbakoba, SAN, yesterday, said Nigeria’s public debt rose to $91.46 billion (N121.67 trillion), despite its ability to generate $1 trillion in 40 years.

Reps to probe exploitative practices against Air Peace, Dangote by foreign businesses

www.vanguardngr.com

The House of Representatives yesterday asked the Federal Competition and Consumer Protection Commission, FCCPC, to immediately halt the unfair business practices perpetrated against Air Peace, Dangote and other businesses by certain…

03

Why prices of food items’ll soar higher — Investigation

www.vanguardngr.com

“WE don’t tell people about prices of tomatoes and pepper again because they may fluctuate at any time. Sometimes, we sell at a particular price in the morning and by noon or evening, the price changes.”

Naira depreciates to N1,515/$ in parallel market

www.vanguardngr.com

By Elizabeth Adegbesan THE Naira yesterday depreciated in the parallel market to N1,515 per dollar from N1,510 per dollar on Monday. Similarly, the Naira depreciated to N1,509.45 per dollar in the Nigerian Autonomous Foreign Exchange…

02

Eulogies as oil maganate advocates clean energy, clocks 50

www.vanguardngr.com

By Ozioruva Aliu AN oil maganate, Akinwunmi Medrose has called for concerted efforts to ensure clean energy is what is obtainable in Nigeria in the nearest future which he said would boost a more healthy environment. The General Manager of…

01

EU unveils digital platform to boost investment in Nigeria’s agribusiness

www.vanguardngr.com

“In particular, it will work with the Federal Ministry of Agriculture, Federal Ministry of Industry Trade and Investment, Nigeria Export Promotion Council (NEPC), Standards Organisation of Nigeria and the Ministry of Communication and…

Tuesday, Jul 2

22

Reps introduced 1,351 bills in one year, say it’s highest ever

www.vanguardngr.com

The House of Representatives said it introduced 1,351 bills in the first session of its sittings, which it claimed is the highest number in any first session since 1999, out of which 89 were passed. The Deputy Speaker, Rep. Benjamin Kalu,…

NNPC declares war on low oil production, targets 2m barrels per day

www.vanguardngr.com

The Group CEO, NNPC Limited, Mallam Mele Kyari has declared that with Nigeria’s current assets, the industry has capacity to produce two million barrels of crude oil daily.

21

Reps to organise public hearing on Oronsaye report

www.vanguardngr.com

The House of Representatives Special Ad hoc Committee on Restructuring of Government Agencies and Commissions is set to revisit the recommendations from Steven Oronsaye's report of 2012.

Akwa Ibom: Gov Eno Inaugurates Health Insurance Agency Board

www.vanguardngr.com

Akwa Ibom State Governor, Pastor Umo Eno has inaugurated a 15-member Health Insurance Agency Board that would ensure accessible and available Health care services in in the state.

20

Capital Market: SEC Urges stakeholders to embrace innovation

www.vanguardngr.com

The Director General of the Securities and Exchange Commission,SEC, Dr. Emomotimi Agama, has emphasized the importance of innovative financial instruments in achieving sustainable development in Nigeria.

Electoral Reform: LP sets up 22-member committee, names Amadi chairman

www.vanguardngr.com

The Labour Party (LP), has set up a 22-member Electoral Reform Committee to articulate its position on how to reform Nigeria’s electoral system for optimal performance.

Nigerian capital market positioned to support banks’ recapitalization – NGX Group CEO

www.vanguardngr.com

The Nigerian capital market is strategically positioned to drive the ongoing banks’ recapitalization exercise, leveraging advanced technology to facilitate the capital-raising in order to meet the Central Bank of Nigeria's minimum capital…

Those accusing Tinubu of marginalizing North are selfish – Matawalle

www.vanguardngr.com

The Minister of State for Defence, Dr. Bello Muhammed Matawalle, has reaffirmed the unwavering support of the Northern region for President Bola Ahmed Tinubu, stressing that the President's commitment to the region's development and…

Rising prices: Food vendor decries losses, searches for another lucrative trade

www.vanguardngr.com

Owing to the rising prices of foodstuff, a food vendor, Mrs Grace Iorshe, says she is looking for another lucrative trade to replace her food business. Iorshe told the News Agency of Nigeria (NAN), on Tuesday in Makurdi, that she had been…

CBN’s 30% interest rate stifling growth, job creation – Dangote

www.vanguardngr.com

Alhaji Aliko Dangote, the President, Dangote Industries Ltd has criticized the Central Bank Nigeria, CBN's 30 per cent interest rates, warning that such industry policy is capable of stifling business growth and job creation in the country.

19

Bill to create Anioma State read the first time in Senate

www.vanguardngr.com

Bill to alter the 1999 Constitution as amended to create Anioma State from the present Delta State was read the first time in the Senate

Abuja Rail Mass Transit records 5,000 passengers daily – Wike

www.vanguardngr.com

The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, said the Abuja Rail Mass Transit (ARMT) records between 4,000 and 5,000 commuters daily. Wike disclosed this at the inauguration of the construction of the Kugbo Bus…

Alleged N2.7bn contract fraud: BPP Director testifies against Sirika

www.vanguardngr.com

An Economic and Financial Crimes Commission (EFCC) witness told an Abujja High Court that former aviation minister, Hadi Sirika’s company was not among five companies listed as bidders for the contract for the Apron Extension at Katsina…

18

Reps to probe alleged exploitative pricing practices against Nigerian businesses

www.vanguardngr.com

The House of Representatives has resolved to probe the exploitative and predatory pricing practices against Nigerian Businesses by their foreign counterparts operating in the country. The resolution followed the adoption of a motion by Rep…

Aiyedatiwa drafts Ariyomo to lead Electricity Regulatory Transition

www.vanguardngr.com

Governor Lucky Aiyedatiwa of Ondo state, has inaugurated a Committee to oversee the transition period of regulatory oversight transfer from the Nigerian Electricity Regulatory Commission (NERC) to the Ondo State Government.

BREAKING: CBN to sanction banks for rejecting old, small Dollar denominations

www.vanguardngr.com

The Central Bank of Nigeria (CBN) has threatened to sanction Deposit Money Banks (DMBs) for rejecting old and small denominations of the United States of America Dollars.

17

Senate urges FG to make emergency provisions for victims of flooding in Abia

www.vanguardngr.com

THE Senate has called on the Federal Government through the Federal Ministry of Humanitarian Affairs and Poverty Alleviation and National Emergency Management Agency, NEMA to as a matter of urgency, make emergency provision available to…

Rep accuses Deputy Speaker of ‘discriminating against’ new members during debates

www.vanguardngr.com

A member of the House of Representatives, Hon Cyril Hart on Tuesday accused deputy speaker, Benjamin Kalu of discriminating against new lawmakers during debates.