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Economy

Latest Economy News

North Korea Prioritises Bilateral Relations with Nigeria – Envoy

The Ambassador of the Democratic People’s Republic of Korea (DPRK) to Nigeria,

Inflation reduced by 0.19% in May – NBS

The National Bureau of Statistics (NBS) says the inflation rate reduced in

Nigeria’s total public debt reaches N33.107trn – DMO

The Debt Management Office (DMO) says Nigeria’s Public Debt Stock is N33.107

CBN increases forex allocation to banks, assures liquidity for invisibles

The Central Bank of Nigeria (CBN) has concluded plans to increase the

We’re working to ensure Nigeria attracts more investments – UK govt

The UK government says it is working to ensure Nigeria becomes more

Akeredolu Supports Legalising Cannabis for Medicinal Purpose

The Governor of Ondo State, Rotimi Akeredolu, Thursday, said that it is

Dangote Refinery: Show Transparency In 20% Shares Acquisition – PDP Tells FG

The Peoples Democratic Party (PDP) has advised the Federal Government to ensure

Constitutional Review: Again, Sanwo-Olu justifies need for ‘Special Economic Status’ for Lagos

Governor Babajide Sanwo-Olu of Lagos State on Tuesday restated the need for

Customs generates N799bn in 5 months

The Nigeria Customs Service (NCS) has generated N799 billion revenue between January

Low turnout at Kaduna trade fair 3 days after

The 42nd edition of the Kaduna International Trade Fair has witnessed a

Zulum: Poverty, illiteracy responsible for insurgency in Nigeria

Babagana Zulum of Borno has identified poverty and illiteracy as some of

Obasanjo visits Chicks market in Ibadan, promises improved system

Former President Olusegun Obasanjo on Thursday assured members of the Day Old

54 oil pipelines vandalised in February – NNPC

The Nigerian National Petroleum Corporation (NNPC) says that 54 petroleum pipeline points

LCCI backs NNPC proposal to acquire stake in Dangote refinery

The Lagos Chamber of Commerce and Industry (LCCI) has backed the proposal

COVID-19: 1,638 to benefit from Action Recovery Economic Stimulus programme

No fewer than 1,638 people from over 600 communities are to benefit

World Bank approves N288b credit for Nigeria

The World Bank has approved a 700 million dollar (app. N288 billion)

Fire destroys multi million Naira goods at footwear COY in Lagos

A fire on Tuesday evening destroyed property worth millions of Naira at

Jobberman, NYSC partner to train 120,000 corps members yearly

Jobberman, the largest job placement website in sub-Saharan Africa, has partnered with

S’West APC leaders support ban on open grazing, condemn separatist agitations, support restructuring

The All Progressives Congress (APC) leaders in South West Nigeria on Sunday

Niger lost N1.2bn in Q1 from fire outbreaks- Controller

The Controller, Niger State Fire Service (NSFS), Alhaji Bello Salihu, said that

FG constitute 10- man Committee on NLC, Kaduna govt face-off

The Federal Government has set up a 10-man committee to resolve the

TCN restores power in Kaduna as NLC suspends strike

The Transmission Company of Nigeria (TCN) says it has restored power supply on

World Bank to Assist Nigeria, Others with Fresh $150b

World Bank’s President, David Malpass, on Tuesday revealed that the world apex

Edo Eyes $250m Investment in Oil Palm, Cassava Processing

The Edo State government said that the state is set to cash

New National Carrier to Begin Operations in Q1 2022 —Sirika

The Minister of Aviation, Hadi Sirika, on Wednesday, announced that Nigeria’s new

FG’s agencies are keeping N1.2trn illegally – Commission

The Fiscal Responsibility Commission (FRC) says Ministries, Departments and Agencies (MDAs) of

FG Losing $90.5m Annually to Airports, Seaports Concession – Reps

The House of Representatives on Tuesday said that the Federal government is

LCCI, ACCI, Others Raise Concerns as Buhari Seeks for Fresh $6.1bn Loan

The Abuja Chamber of Commerce and Industry and the Lagos Chamber of

Nigeria’s Rig Count Drops By 67% in April 2021

Organisation of Petroleum Exporting Countries, OPEC, revealed that Nigeria’s rig count has

Shell in Talk with Nigeria to Divest Onshore Oil Stakes

CEO, Royal Dutch Shell, Ben van Beurden, Tuesday said the company is