Business
NEITI Report Reveals a 56% Drop in NNPC’s Contribution and a 10% Decrease from FIRS
The Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed that the contribution of the Nigerian National Petroleum Company (NNPC) and...
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As Rejection Trails the New Naira Notes, CBN Reassures that It Remains a Legal Tender
The Central Bank of Nigeria (CBN) has reinforced that every banknote it issues remains legal tender and must not be...
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How Abidjan-Lagos Highway Corridor Secured $15.5 billion Investment Interest
Dr. Akinwumi Adesina, the President of the African Development Bank (AfDB) Group, has announced that the Abidjan-Lagos highway corridor attracted...
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Nigeria Embarks on a Nationwide Search for $700bn Mineral Deposits
The Federal Executive Council of Nigeria has granted approval for the engagement of the German company, GeoScan GmbH, to locate...
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How FG’s New Fx Regulations Aims to Close the 45% Gap Between the Official and Unofficial Rate
Nigeria is in the process of implementing new foreign exchange regulations, with a focus on curbing illicit currency trading. The...
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Petrol May Be Sold For N800 per Litre, Says Petroleum product marketers
Petroleum product marketers in Nigeria have suggested that the pump price of petrol in the country could increase to between...
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Why World Bank Cut Down Nigeria’s Economic Growth Outlook to 2.9% from 3.3% Projected Earlier
The World Bank Group has revised its economic growth outlook for Nigeria in 2023 to 2.9%, down from its earlier...
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How Nigeria Spent N1.49 trillion On Debt Servicing in First Quarter of 2023.
Nigeria's expenditure on servicing its debt slowed down significantly in the second quarter of 2023, totalling N849.58 billion. This represents...
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Nigeria’s Inflation Rate Increased to 25.80% in August 2023 -NBS Reports Reveals
The National Bureau of Statistics has reported that the headline inflation rate for August 2023 increased to 25.80%, compared to...
Read moreHow CBN Spent N74 billion on the Overhauling and Introduction of the New Naira Notes
The Central Bank of Nigeria (CBN) disclosed that its expenditure on currency issue-related costs in 2022 amounted to N29.65 billion,...
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