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Economy

Latest Economy News

Afriland Shareholders Approve N68.69m Total Dividend for 2020

  Afriland Properties Plc on Monday approved a total dividend of N68.69

161m Africans Fall Into COVID-19 Induced Poverty – ECA

  Vera Songwe, United Nations Under-Secretary-General and Executive Secretary, Economic Commission for

2 million Nigerians would have fallen into poverty in 2020 without COVID-19 – Okonjo-Iweala

The Director-General of the World Trade Organisation, Dr Ngozi Okonjo-Iweala says two

NSE Rebounds by N83bn on Buying Interests in Dangote Cement, MTN

   The nation’s bourse rebounded on Tuesday with N83 billion following buying

Inflation hits 17.33 per cent, highest in 4 years

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

NSE Resumes New Trading Week with 0.22% Loss

     The local bourse resumed the first trading week on a

Scarcity of Foreign Rice hits Markets in Abuja, Jigawa

  There has been scarcity of foreign rice weeks after reopening of

Develop Delta ports with Ibori loot – Shipping institute urges FG

Capt. Tony Onoharigho, President, Nigerian Institute of Shipping, on Friday urged the

NSE Indices Reverse, Down 0.60% on Dangote Cement loss

    Transactions on the Nigerian Stock Exchange returned to negative territory

Nigerian Stock Market Reacts to Demutualisation Approval, up N128bn

   The nation’s bourse on Wednesday overcame its negative posture growing by

Foreign trade records 10.3% decline in 2020 – NBS

The National Bureau of Statistics (NBS) said Nigeria’s total trade was valued

$25bn CBN overdraft: SERAP writes Buhari, seeks spending details of overdrafts since 1999

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

Family support accounts for 70 per cent of diaspora remittances to Nigeria – Osinbajo

Vice President, Prof. Yemi Osinbajo has said that about 70 per cent

CBN introduces N5 incentive per dollar for diaspora remittances

The Central Bank of Nigeria (CBN) on Saturday introduced a new incentive

NSE: Indices Drop Further by 0.44%

   Sell pressure continued on the nation’s bourse on Wednesday with indices

AfCFTA will stem illegal mining – FG

The Federal Government said on Sunday that the African Continental Free Trade

Attacks on Traders: MATAN Urges FG to Compensate Victims

  The Market Traders Association of Nigeria (MATAN) has urged the Federal

Why Reps threatened to order arrest of MDs of AIICO, Fidelity Pension Managers

The House of Representatives Committee on Pension has threatened to order the

NBS Report: Minister says Economy Poised for Stable Growth

  Minister of Finance, Budget and National Planning, Dr Zainab Ahmed has

Elon Musk’s comment sends Bitcoin crashing by 17%

Bitcoin shed as much as 17 percent of its value Tuesday in

FCT Residents get March 31 Deadline to File Tax Returns

   The Federal Capital Territory Internal Revenue Service (FCT-IRS) has given March

FG warns speculators to leave mine sites

The Nigeria Mining Cadastre Office (MCO) has warned speculators to leave the

Rising inflation threat to manufacturing industry – MAN

The Manufacturers Association of Nigeria (MAN) has described the January 2021 inflation

Expert Identifies Strategies to Achieve Nigeria’s 30% Renewable Energy Target

  A climate change expert, Prof. Chukwumerije Okereke, says there is need

Crypto ban will trigger stock market rebound – Experts

Capital Market experts on Monday expressed optimism that the ban on cryptocurrencies

CBN explains directive on cryptocurrency transactions

Following reactions trailing a recent Central Bank of Nigeria (CBN) directive to

CBN Crypto Order: “We Need To Open Up Our Economy, Not Close It” – Atiku

Former Vice President Atiku Abubakar has urged the Central Bank of Nigeria

Nigerians furious as CBN directs closing of crypto-related accounts

The Central Bank of Nigeria (CBN) has directed banks and other financial

WTO Job: Coast Clear For Okonjo-Iweala As Only Opponent Withdraws

Former Finance Minister, Dr Ngozi Okonjo-Iweala has edged closer to securing the

Car Duty Reduction: Why Customs Hasn’t Implemented FG’s Order

The Nigeria Customs Service (NCS) says the duty rate on cars and