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Economy

Latest Economy News

Ekiti organised labour rejects withdrawal of new wage

The organised labour in Ekiti has rejected withdrawal of minimum wage and

Nigeria Suspends Issuance of New Passports till June 1

Nigeria Immigration Service (NIS), on Monday said that it will suspend the

BREAKING: Buhari Seeks Senate Approval for Fresh N2.3trn External Loan

The President, Muhammadu Buhari, Tuesday has asked the Senate to approve another

Avoid past mistakes on sale of GenCos, group advises FG

A group, the All Electricity Consumers Protection Forum (AECPF), has advised the

Inflation Falls the First Time In 21 Months

National Bureau of Statistics reports Monday that Nigeria’s inflation rate reduced by

Strike: Kaduna emergency agency assures residents of prompt response

The Kaduna State Emergency Management Agency (KADSEMA) has assured residents of prompt

81% Do Not Pay Tax Because of Corruption in Tax Administration – CITN

The Charted Institute of Taxation of Nigeria, CITN, during the weekend, decried

Nigeria Spent $1.24bn On Food Imports Despite Buhari’s Forex Ban

Nigeria has spent $1.2bn on food importation, doubling the foreign exchange used

Onne Terminal Commences Operation, To Get $100m Investment

Following the commencement of container operations at Onne Multipurpose Terminal (OMT), May

Why Nigeria’s Manufacturing Sector Is Not Attracting Desired Investment – NESG

The Nigerian Economic Summit Group (NESG), on Friday stated that only N5.73

Nigeria Attracts $195m Healthcare Investment in Five Years

A recent report has revealed that the nation’s healthcare system has attracted

Total power blackout in Kaduna State, as Labour unions begin strike

The Management of Kaduna Electric has said that the current total power

Ekiti Govt. to embark on Rice pyramid project, targets one million tonnes

The Ekiti State Government on Sunday said it intends to produce over

Lawmaker decries deplorable state of Lagos-Badagry Expressway

A lawmaker in Lagos State, Mr Setonji David (Badagry Constituency II), on

Global Commerce Costs Drop By 15% In 19 Years – WTO

World Trade Organisation, on Friday said that the Global trade costs have

Remittance inflows to Nigeria declines by 28% in 2020 – World Bank

The World Bank says remittance inflows to Nigeria declined by 28 percent

Bitcoin Loses Over $120.78b in 24 Hours – Elon Musk

CEO of Tesla, Elon Musk, said that the bitcoin lost more than

LG chair urges improved electricity to boost economy

The Chairman of Ikom Local Government Area of Cross River, Mr. Kingsley

16,000 jobs’ll be created when National Theatre’s renovation is completed – GM

More than 16,000 jobs would be created during and after the ongoing

$540bn remittance flow reaches low-and-middle-income countries in 2020- WB

A World Bank report says officially recorded remittance flows to low- and

Nigeria, Others Recorded $540bn Remittance Flows In 2020 – World Bank

Nigeria and other low and medium-income countries recorded strong remittance flows; a

Accredited Laboratories to Boost Manufacturing, Export – SON

Director General, Standards Organisation of Nigeria (SON), Mallam Farouk Salim, said that

FG To Auction N150bn Bonds for Subscription in May – DMO

The Debt Management Office on Tuesday said that the Federal Government would

Nigeria’s Diaspora Remittances Will Rise To $22bn – Report

A rating Agency, Agusto Consulting Limited, on Tuesday projected that Nigeria’s diaspora

$100m Lost as NNPC Gives Bunkering Service to Foreigners – SOAN

Shipowners Association of Nigeria (SOAN) said that the nation has lost $100

FG Denies Report on Reintroduction of Covid-19 Restrictions

The Federal Government, on Monday, has denied media reports that it has

 E-payment Transactions Rise 82% To N66trn In Q1 2021

Nigeria Interbank Settlement System (NIBSS) said that the value of electronic payment

Real Estate, Power, 2 Others Attract $8.35 Billion In 3 Months

Nigerian Investment Promotion Commission (NIPC), in April said that the real estate,

COVID-19, Forex: 415 Firms’ Shut Down in One Year – MAN

Director General, Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, on Friday said

[BREAKING] COVID-19 Resurgence: FG Re-Imposes Restrictions as ECOWAS Fixes Tests At $50

The Federal Government, on Monday announced the re-institution of all extant control