Business
FG plans gradual removal of subsidy two months before set date
The federal government of Nigeria has announced plans to begin the removal of fuel subsidy earlier than the planned date...
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15% of low-income countries in debt distress – IMF
The International Monetary Fund has said about 15 per cent of low-income countries are already in debt distress. In a...
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Oil blocs licencing will end in April- FG
The Federal Government has announced that the licencing round for seven deep offshore open oil blocs, which commenced on January...
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Nigeria’s airplane Maintenance, Repair and Overhaul project fails to take off 8 years later
The Federal Government has failed to fulfil its promise of delivering efficient Maintenance, Repair and Overhaul (MRO) facilities for Nigerian...
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Expanded And Diversified Participation In International Trade Key To Socio-economic Development Of African Economies- Buhari
President Muhammadu Buhari has said that expansion and diversification of involvement in international trade and global value chain by African countries...
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NBS Figure Shows That Nigeria’s Inflation Falls First Time In 11 months
Nigeria’s inflation rate eased for the first time in 11 months to 21.34 per cent. The country’s inflation rate had...
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CBN Injects $15.3bn To Stabilise Naira
The Central Bank of Nigeria (CBN) injected $15.3bn into the economy to stabilise the value of the naira from January...
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Nigeria loses N8tn to FX arbitrage in three years
In three years Nigeria has lost at least N8 trillion to rent seekers who explore the multiple rates in the foreign exchange...
Read moreDon’t exceed June implementation date for fuel subsidy removal, OPSN reminds govt
As contained in the Appropriation Act 2023, Organised Private Sector of Nigeria (OPSN) has advised the Federal Government that the...
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Bank borrowing from CBN rises 260% to N21.87tn
Deposit Money Banks borrowed the sum of N21.87tn from the Central Bank of Nigeria (CBN) via the Standing Lending Facility...
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