Business News Archives - Page 4 of 4

Fuel subsidy is back – Obasanjo

AkureNews2 years ago2 years ago01 mins

Former President Olusegun Obasanjo says the fuel subsidy removed by President Bola Tinubu on May 29, 2023 has been reintroduced due to inflation. Tinubu during his inaugural address on May 29, had declared that fuel subsidy “is gone.” The development has led to the increase in the price of petrol from about N200 to over…

Food Inflation: Expect Bumper Harvest, Agric Minister Assures Nigerians

AkureNews2 years ago2 years ago01 mins

Food inflation has reached 40 per cent according to data from the National Bureau of Statistics (NBS), pushing the prices of essential commodities beyond the reach of millions of Nigerians. “The shrinkage of land mass for agric, flooding, habitation problems, and insecurity… An ageing farming population; younger people are not going into agriculture now,” he…