Nigeria’s inflation rate hits 32.70% – NBS
The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate increased to 32.70 per cent in September 2024. The […]
Economy
World’s 26 poorest nations in worst debt since 2006 – World Bank
The World Bank says 26 poorest countries worldwide “are deeper in debt than at any other time since 2006,” while
CBN approves $20,000 for eligible BDCs at N1,580 exchange rate
The Central Bank of Nigeria (CBN) has approved 20,000 dollars each for eligible Bureaux De Change (BDCs) at the rate
NGX market cap sheds N193bn to selloffs
The Nigerian stock market, on Wednesday, reversed gains from previous sessions with a loss of N193 billion. Selloffs in Tier-one
FG to invest $800m in power sector
The Federal Government says it plans to invest 800 million dollars in the construction of sub-stations and distribution networks as
Reps back Dangote’s industrialisation stride
Dangote Group’s industrialisation stride in Nigeria has received yet another momentum as federal lawmakers back the company’s stride. Members of
ECOWAS open to Niger Republic, Mali, Burkina Faso’s return – Tinubu
President Bola Tinubu has said ECOWAS would continue to persuade the military leaders of Niger, Mali, and Burkina Faso to
Yam sellers urge FG to curb price hike
Yam sellers in the Federal Capital Territory (FCT) on Friday appealed to the Federal Government to intervene on the arbitrary
Governor Alia seeks CBN support for economic growth, infrastructure, others
Benue State Governor, Hyacinth Alia has solicited the support of the Central Bank of Nigeria, (CBN) in streamlining the state’s
NAICOM boss affirms insurance sector’s commitment to grow $1trn economy
The National Insurance Commission (NAICOM) on Tuesday affirmed its commitment to align the insurance sector with the Renewed Hope Agenda
Electricity: AEDC introduces new initiatives for effective service delivery
The management of the Abuja Electricity Distribution Company (AEDC) says it has introduced new initiatives to enhance its operational capabilities
Naira depreciates by 0.86% against dollar at official market
The Naira on Monday depreciated at the official market, trading at N1,577.29 to the dollar. Data from the official trading
Nigeria’s inflation rate hits 34.19 % amid rising food prices
Nigeria’s inflation figure has reached a new high, hitting 34.19 % for June 2024, according to the latest data from
Shettima urges deployment of biotech innovations for economic growth
Vice President Kashim Shettima has urged experts in the biotechnology ecosystem to harness the innovative power of biotechnology to drive
Economy
National Assembly pledges speedy passage of digital economy and e-Governance bill
National Assembly pledges speedy passage of digital economy and e-Governance bill The National Assembly has expressed its commitment to speedily
Tinubu tasks governors on food security, orders disbursement of N155bn for foodstuff purchase nationwide
President Bola Tinubu has urged state governors to work together to meet the needs of citizens, stating that he is
Nigeria’s public debt stock increases to N121.67trn in Q1 2024 – NBS
The National Bureau of Statistics (NBS) said this on Tuesday in its Nigerian Domestic and Foreign Debt Report for Q1
Like China & Japan: NASENI is Pathway to Nigeria’s Industrial Economy
Nigeria cannot have real development without a sustainable industrial growth and manufacturing capacity which is the solution to poverty, unemployment
Naira Appreciates Against Dollar At Black Market Amid Sallah Holiday
During the Sallah holidays, the Naira saw a slight increase to N1480 against the dollar on the parallel foreign exchange
FG Speaks On Food Inflation, Discloses When Prices Will Drop
Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, has assured Nigerians that the prices of food
Blue economy targets N2trn annual revenue by 2027- Oyetola
The Ministry of Marine and Blue Economy says it is implementing a 3-pronged strategy that will increase its revenue generation
Pains of ongoing reforms’ll soon be over – Cardoso
Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, has said the pains of ongoing reforms would soon be over if
Payment of N3.3 trillion accumulated power sector debts by President Tinubu: Another benefit from petroleum subsidy withdrawal and Forex rate unification policy to Nigeria – TDF
The Democratic Front once again commend the President and Commander-In- Chief of the Armed Forces of the Federal Republic of
CBN raises interest rate by 150 basis points to 26.25% from 24.75%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has raised the country’s baseline interest rate by
Benue has lots of investment opportunities in agriculture – Alia
Benue State Governor, Hyacinth Alia, has said that the state has full of investment opportunities, especially in the area of
Nigeria’s cinema records N2.25bn revenue in Q1 2024
Nigeria’s cinema has generated a revenue of N2.25 billion from tickets sold in the first quarter of 2024. Filmone Entertainment,
Retain 24.75% lending rate, experts advise CBN
Some financial and economic experts have advised the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to
EFCC hands over $22,000 recovered from convicted fraudster to FBI
The Economic and Financial Crimes Commission (EFCC) has handed over $22,000 recovered from a convicted internet fraudster Hakeem Olanrewaju to
How Tinubu can grow Nigeria’s economy to a trillion-dollar – PAAC
Chairman, Pan African American Chamber of Commerce(PAAC), Prof. Olatokunbo Onabanjo, has said President Bola Tinubu can grow Nigeria’s economy to
Nigeria’s Money Supply Falls To N92.3tn In March
According to data from the Central Bank, Nigeria’s Money Supply has dropped marginally from N93.9tn in February to N92.3tn in