$2.4 Billion FX Backlog Not Valid – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said that about $2.4 billion foreign exchange backlog ...
Tag: Nigerian Economy
CBN Approves 43% Increase in Import Duty Rate, Raising Concerns over Economic Impact
The Central Bank of Nigeria, CBN, has approved an increase in the import duty rate by 43 percent. Recall that ...
Lagos, Norway to Deepen Bilateral Relationship to Promote Development
Lagos State Governor, Mr Babajide Sanwo-Olu, has said that his administration is poised to deepen bilateral relationships with Norway to ...
Tinubu Approves $700 Million Investment in Lekki Deep Sea Port to Boost Business and Logistics
President Bola Tinubu has approved seven roads worth $700 million to boost business activities and logistic services at the Lekki ...
American Companies Ready to Invest in Nigeria, Says US Secretary of State, Blinken
Corruption and difficulty in repatriating capital amongst others are some of the reasons American entrepreneurs eager to invest in Nigeria ...
NPO to Raise $200 Million Grants to Support MSMEs Nationwide- Shettima
Vice President Kashim Shettima has revealed that the newly established National Philanthropic Office (NPO) is set to raise $200 million ...
Shell to Conclude Century-Long Operations in Nigerian Onshore Oil, Sells Subsidiary for $2.4 Billion
Shell is set to conclude nearly a century of operations in Nigerian onshore oil and gas after agreeing to sell its ...
World Bank Projects Growth in Nigeria by 3.3% in 2024
The World Bank has revised its growth projections for Nigeria, foreseeing a promising expansion of 3.3 per cent in 2024. ...
Our Spendings Are In Line With Nigeria’s Current Economic Conditions, Lagos Govt replies Doherty
The Lagos State Government has finally responded to the viral post by Funso Doherty, revealing budgetary procurement for 440 million ...
Economic Challenges: Nigerians borrow N290bn from Banks within 3 Months
The challenging economic situation of the country has pushed more Nigerians into debt as about N290bn was borrowed from banks ...
