The National Bureau of Statistics has confirmed that capital imported into Nigeria surged by 97.73% in the closing quarter of 2021. The value stood out at $1.73 billion, edging out the $875.62 […]
Effective today, President Buhari has lifted the 222-day-old ban on Twitter in Nigeria, maintaining that the lift was a result of Twitter’s willingness to run its activities in cooperation with the Federal […]
The World Bank in a report released on the 11th of January, 2022 estimated a 2.5 percent economic growth in Nigeria for the year 2022, 0.1 percent higher than the projection for […]
The total amount of foreign exchange (FX) that streamed into the Nigerian economy skyrocketed by 64% to $30.18billion in the third quarter (Q3) of 2021 compared to the $18.4billion recorded in the […]
The Minister of Finance, Budget and National Planning Zainab Ahmed stated in a public presentation on Wednesday 5th January, 2022 that there is no provision made for subsidy for the months of […]
Mohammad Barkindo, the Secretary General of Organization of Petroleum Exporting Countries (OPEC) has stated that OPEC’s forecast for crude oil demand will be 28.8million barrels per day, in 2022. Barkindo speaking at […]
The Managing Director/Chief Executive Officer of First Bank Nigeria Limited, Dr. Adesola Adeduntan, had his tenure extended last year as part of efforts to ensure the stability of the financial institution. In […]
Renowned Economist Doyin Salami has been appointed by President Muhammadu Buhari as Chief Economic Adviser. Currently, Salami is Chairman of the Presidential Economic Advisory Council (PEAC). Femi Adesina, special adviser to the […]
Governor of Nigeria’s Apex Bank, Godwin Emefiele has revealed that that the Central Bank of Nigeria (CBN) will increase access to loans for Nigerian small and medium-sized enterprises (SMEs) in 2022. At […]
Adamu Lametek, a member of the Monetary Policy Committee of the Central Bank of Nigeria, has urged the Federal Government to focus on the growth of the Nigerian economy as it remains […]
According to World Bank analysis, Nigeria’s inflation rate for the year 2022 is projected to be among the highest in the world and the seventh in Sub-Saharan Africa. The World Bank stated […]
Serious hitches in the production of oil in Nigeria, as well as Libya and Ecuador this week, hiked the price of oil globally to $80 per barrel.This was due to maintenance issues […]
In a move that sent shocking waves across the business world, one of the new financial institutions in the country, Titan Trust Bank, established barely two years ago, has taken over one […]
In a renewed determination to reduce carbon emission by 50% come 2050, the Nigerian Government has launched a Deep Decarbonization Pathway Programme (DDPP). The effort is to meet the eventual goal of […]
The Nigerian Civil Aviation Authority (NCAA) has explained why the country’s airspace may be closed sometimes this Harmattan period and flight operations disrupted. Director General of the NCAA, Capt Musa Nuhu in a […]
Over N300m Generated from Abuja-Kaduna Train Service monthly -Amaechi By Ime Okon The Nigerian Government is generating over N300 million from the Abuja-Kaduna train service every month. The Minister of Transportation, Rotimi […]
The Director-General of the National Youth Service Corps (NYSC) Brigadier-general Shuaibu Ibrahim says the scheme, for the first time, remitted over N1 billion into the federation account between 2020 and 2021. Ibrahim said […]
It was a year of outstanding achievements by Africa-based tech start-ups as more than $2.9 billion was raised in 2021. Nigerian start-ups which are creating new products, services, and platforms raised the […]
The Nigeria Labour Congress (NLC), has again criticised Federal Government policy on fuel importation, reiterating its readiness to shut down economic activities in the country if the government insist on increasing the […]
President Muhammadu Buhari’s regime says it is seeking to borrow an additional N250 billion through the Sukuk bond as Nigeria’s debt burden rises to N38 trillion.Specifically, the Debt Management Office (DMO) announced […]
