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Economy

Latest Economy News

Nigeria’s Revenue Crisis May Worsen as India Slashes Crude Imports By $39.5bn

Nigeria’s revenue earning capacity has come under threat following the reduction of

Crude Oil Prices Rise After Colonial Pipeline Cyberattack

Following the cyber-attack, on Friday, that hit top U.S. fuel pipeline operator,

COVID-19: Bad Loans to Real Estate Rises By 66.5% In 2020

National Bureau of Statistics (NBS) revealed that the total Non-Performing Loans (NPL)

COVID-19: World Bank Approves $1.5bn To Assist Nigeria Rebuild Economic Resilience

In consideration of the critical state of the nation’s economy following the

Ondo varsity non-teaching unions suspend strike.

The non-teaching staff unions of Olusegun Agagu University of Science and Technology

FG Places ‘High-Profile’ Persons Under Watch For ‘Terrorism Financing’

Attorney General of the Federation and Minister of Justice, Abubakar Malami, has

FG To Unveil Dedicated Portal for Sale of Houses to Nigerians

Minister of Works and Housing, Babatunde Fashola, has announced that it plans

Private Sector Recorded Growth in April – Report

Nigerian private sector was said to have improved by 2.9 percent in

CBN Extends Naira 4 Dollar Incentive for Diaspora Remittances

The Central Bank of Nigeria (CBN) has announced an extension to its

Heritage Bank, Dukia Gold to Boost Nigeria’s N300trn Gold Industry

In an effort to create new opportunities and boost Nigeria’s N300 trillion

SIFAX Group to partner Liberia on port development

SIFAX Group has assured the Liberian government of its readiness to partner

FG extends NIN-SIM linkage deadline again

The Federal Government has again authorised the extension of the deadline for

Petroleum Ministry, others make presentations as Buhari Presides over 43rd virtual FEC

The Ministries of Petroleum Resources, Foreign Affairs, and Humanitarian Affairs, Disaster Management,

CBN to sanction DMBs, BDCs for rejecting old, smaller denomination U.S dollars

The Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMBs)

IGR: Lagos tops other states with N418.99bn in 2020

Lagos State topped other states of the federation, including the Federal Capital

States, FCT generate N1.31trn as IGR in 2020 – NBS

The 36 states and the Federal Capital Territory (FCT) generated N1.31 trillion

Urgent action needed to address spiralling inflation – NACCIMA

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA)

FG faults Obaseki, denies printing N60bn to finance March allocation

The Federal Government has debunked a claim by Edo State Governor, Godwin

DMO lists N150b FG bonds for auction

The Debt Management Office (DMO), on Wednesday, announced the auctioning of three

Franco-Nigeria bilateral trade drops by $2.2b dollar in 2020 – Minister

France, on Tuesday, announced that its volume of trade with Nigeria in

Nigeria many decades too late to disintegrate – Awosika

The Chairman, Board of Directors of First Bank, Ibukun Awosika, says the

World Bank to provide COVID-19 finance to 50 countries by mid 2021 – President

The World Bank will provide 50 countries with finance to buy COVID-19

95m people became extremely poor in 2020 – IMF

The International Monetary Fund said on Tuesday the world economy could recover

Before The Impending Economic Catastrophe – By Afolabi Faramade

At present, there is a raging controversy in the public domain on

FG, States’ debt profile rise to N32.92trn

Nigeria’s total public debt portfolio as of Dec. 31, 2020, stood at

NSE Opens Week with N145bn Growth on MTNN Gain

    The nation’s bourse resumed a new trading week on Monday

SERAP asks Buhari to ‘probe alleged misuse of N4.5bn COVID-19 funds by Kogi govt’

The Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari

BPE Boss Calls for Increased PPP in Maritime Sector

    The Bureau of Public Enterprises (BPE) has  urged the Federal Government

Insecurity a Major Cause of Rising Inflation — Emefiele

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

Customs Hands Over Case File of Vessel Carrying Cocaine to NDLEA

  The Nigerian Customs Service (NCS) handed over a case file of