Economy

Dangote Refinery To Reduce Africa’s Petroleum Importation By 36%, Says APPO

  “Africa cannot rapidly transit into electric vehicles, as the bulk of the vehicles on our roads today and in the next 20-30 years are going to be non-electric. There is the market, and we should not be discouraged from thinking positively”, the APPO scribe noted. PEGASUS REPORTERS, LAGOS | JANUARY 20, 2022 African Petroleum Producers Organisation (APPO) has said ...

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ECONOMY: Agusto & Co Releases Economic Outlook For 2022

  “It is unlikely that the CBN will allow a significant currency depreciation in an election year and one in which oil & gas export revenue is likely to rise by about 15%. Therefore, we believe that the official NGN/USD exchange rate will be about ₦430/$1 at the end of 2022″ PEGASUS REPORTERS, LAGOS | JANUARY 17, 2022 Full presentation ...

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Economy: Issues In Titan Trust Bank Acquisition Of Union Bank – Ex-Union Bank Staff

  “Perhaps the President and Commander in Chief as well as leadership of NASS should ask these questions and more”. PEGASUS REPORTERS, LAGOS | DECEMBER 30, 2021 A concerned ex-Union Bank employee who said there must be some shady deals in Titan Trust Bank takeover of one of Nigeria’s foremost bank, the Union Bank Plc, sent in this questions which ...

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Thumb-Down: Electricity, Banking & Telecom Top 2021 Complaints By Nigerians – FCCPC

  “The biggest problem with the airlines is not even the technical issues but their lack of transparency, responsiveness and being able to refund passengers when it becomes absolutely clear that flying at that time becomes pointless for them” PEGASUS REPORTERS, LAGOS | DECEMBER 27, 2021 The Federal Competition and Consumer Protection Commission (FCCPC) is to collaborate with the National ...

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The Economy: Experts Bemoan Nigeria’s Declining Fortune In Cocoa Production

  The workshop also called for intervention in the sector in order to reduce poverty, unemployment, and also develop a subsidy mechanism for farmers on input such as agro-chemicals and fertilizer to enhance production to improve food security in Nigeria. PEGASUS REPORTERS, LAGOS | DECEMBER 21,  2021 Agricultural Experts have expressed worries over the decline in cocoa production and commercialization ...

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EDO STATE: Dangbala Natives Cries Out As Illegal Gold Miners Invade Community

  PEGASUS REPORTERS, LAGOS | DECEMBER 15, 2021 Residents of Dangbala community in Akoko-Edo Local Government Area of Edo cover the return of o State Government over the invasion of illegal miners and their activities in the Dangbala community. The Concern Residents of Dangbala, raised the alarm in a statement signed by one Godwin Amusa and Agbaje Saiki, Convener and ...

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My Final Appeal and Status Report on Corrupt Practices and Casual Bigotry by The Central Bank of Nigeria, CBN Governor against the Growth and Development of Peasant Farming Communities in Nigeria! -Mallam A. M. Abdullahi

  Fellow Nigerians, there is no respite in sight for the rural farmers in Nigeria, unless and until the CBN untouchable Mafia and corrupt fraudsters and oligarchs are investigated, probed and exposed, regardless of who are their cryptic conspirators and Godfathers! PEGASUS REPORTERS, LAGOS | DECEMBER 9, 2021 POSITIVE CHANGE METAPHORS OR METAMORPHOSIS IN NIGERIA: “HAS BUHARISM BEING TRAPPED BY ...

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ECONOMY: Subsidy Removal: A Governments Insensitivity Towards A Supportive People – By Adolphus Aletor

  “The Federal Government should have consciously phased this over the last 6 years especially when they told Nigerians that subsidy does not exist. Bringing it up now at the twilight of their administration does not only amount to taking Nigerians for granted but is deceptive” PEGASUS REPORTERS, LAGOS | DECEMBER 4, 2021 I recently watched a short video of ...

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African Development Bank (AfDB) Disagrees With IMF on Increased Taxes In Nigeria

  It will be recalled that to increase tax revenue, Nigeria raised its value-added tax (VAT) rate from five percent to 7.5 percent in 2020 based on IMF recommendation to Nigeria to increase its VAT rate to at least 10 percent by 2022 and 15 percent by 2025, which it says is the average rate in countries belonging to the ...

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₦1.39BILLION 2022 BUDGET: Lagos State Activates 30-Year Dev. Plan, Says Sustained Funding Will Stabilise The Economy

  Infrastructure, Education Top Lagos Priorities in 2022 As Sanwo-Olu Announced Budget Break-down! PEGASUS REPORTERS, LAGOS | NOVEMBER 27, 2021 Lagos State has earmarked huge capital expenditure in the 2022 fiscal year to service key growth areas in order to consolidate the recovery of the State’s economy and positively transform residents’ livelihoods. In the proposed N1.388 trillion budget for year ...

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