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Economy

Latest Economy News

Customs to MDAs: Only Buhari can import duty-free goods

Only items imported by the President, Commander in Chief of the Federal

FG engages JP Morgan, others to facilitate fresh $6.2bn borrowing

The Federal Government of Nigeria has appointed eight institutions as transaction advisers

NCC sets fresh operational fees, spectrum prices for telecom operators

The Nigerian Communications Commission has set up an annual operating regulatory levy

JUST IN: CBN Stops Forex Sales To BDCs

The Central Bank of Nigeria (CBN) has stopped the sales of foreign

Why we’re giving loans to Nigeria – Chinese Envoy

Mr Cui Jianchun, Ambassador of the People’s Republic of China to Nigeria,

Can you make a living through trading online?

Whether you're interested in cryptocurrency or not, the glamorous lifestyle of successful

Cryptocurrency: Helpful Tips for Beginners In Bitcoin Trading

Who doesn’t want to make profits? Bitcoin’s growth in the last couple

Dangote Group, highest revenue contributor to solid minerals sector in 2019 – NEITI

Dangote Cement Plc and Dangote Industries Limited are the highest revenue contributors

FG’s Infrastructure Company To Commence Operations Q3 – Emefiele

The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, said

Nigeria earned $34bn, lost $2.77bn to crude oil theft in 2019 – NEITI

Nigeria lost 42.25 million barrels of crude oil valued at 2.77 billion

Lagos govt invests N103bn to boost MSMEs

The Lagos State Government has invested N103 billion into the provision of

FIRS engages banks to freeze, recover N1.8trn from 2 Multichoice companies

The Federal Inland Revenue Service (FIRS) has engaged some commercial banks as

FIRS generates N650bn revenue in June

The Federal Inland Revenue Service (FIRS) says it has generated N650 billion

Emefiele pledges better deal for Nigerian SMEs

The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, says the

We won’t allow rickety trucks into port – NPA

The Nigerian Ports Authority (NPA) has mandated implementation of Minimum Safety Standards

Why NNPC’s Borrowing To Acquire 20% Equity In Dangote Refinery – Mele Kyari

The Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mele Kyari,

Experts divided over FG’s plan to tax telecoms airtime charge

Financial analysts have expressed mixed views over the Federal Government’s plan to

ASR Africa Awards $3m Education Infrastructure Grant To Ghana

The Ghanaian Government, through its Ministry of Education, has been awarded a

CBN facilitates release of 50,000 MT of maize to 12 firms

The Central Bank of Nigeria (CBN), under the Anchor Borrowers’ Programme (ABP),

NIN: 56 Million Nigerians Have Registered, Says NIMC

The National Identity Management Commission (NIMC) on Monday said only 57.3 million

EnjoyNigeria Expo 2021 to generate 100,000 jobs – FG

The Federal Government has expressed optimism that its forthcoming “EnjoyNigeria Expo” would

FG, states owe N33.11tn in external, domestic debt in Q1 – NBS

The Federal and state governments are owing N33.11 trillion in public debts,

Africa can tap into new sources of finance with transparency – IMF

The International Monetary Fund (IMF) says Africa could tap into new sources

Akpabio: Final forensic audit report of NDDC ready by July

Godswill Akpabio, Minister of Niger Delta Affairs, says the final report of forensic

Nigeria earned N79.96bn from solid minerals in 2019, highest in 5 years – NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigeria earned N79.96bn from

Lai Mohammed: Buhari diversifying economy, boosting SMEs

Minister of Information and Culture, Alhaji Lai Mohammed, says President Muhammadu Buhari’s

Cost of Bus Transport in Nigeria Increases By 79% Year-On-Year in May 2021

The average fare paid by Nigerian commuters for a bus journey within

Nigeria beginning to recover from effects of COVID-19 – IMF

The International Monetary Fund (IMF) mission to Nigeria says the Nigerian economy

World Bank Rejects El Salvador’s Request To Implement Bitcoin As Legal Tender

The World Bank has rejected a request from El Salvador to help

FG borrowed N1.3tn to subsidise power consumers – World Bank

The Federal Government borrowed $4.2 billion (app. N1.3 trillion) in the last