The policy-setting committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which measures interest rate, from 14 percent to 15.5 percent, the...
Nigeria’s consumer inflation surged to a 17-year high at 20.5% in August 2022, according to the latest report by released Thursday by the National Bureau of...
IMF: Higher Interest Rates Imminent as Food, Energy Worsen Global Inflation Indications are rife that by next year, central banks across the world would be forced...
Aggregate foreign exchange inflow into the country fell by 17.3 per cent to $5.42 billion in May, according to figures obtained from the Central Bank of...
By CSL Stockbrokers The National Bureau of Statistics (NBS) published data on the revenue generated from Value Added Tax (VAT) collections in Q2 2022. The total...
The National Bureau of Statistics (NBS) has said the aggregate Value Added Tax (VAT) was reported at N600.15 billion for Q2 2022. This is according to...
The performances of some of leading economies and markets in the world were bearish last week following negative signals instigated by factors ranging from lingering coronavirus...
Lagos state remains most preferred destination of foreign investors as Nigeria attracted a sum of $1.54 billion as capital inflows in the second quarter of 2022,...
By Umar Suleiman Nigeria’s Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed on Monday said the federal government was proposing an aggregate expenditure of...
The Centre for the Promotion of Private Enterprises (CPPE) has argued that the Nigerian Bureau of Statistics (NBS) under-reported the contribution of Nigeria’s Maritime sector to...
The contribution of Information and Communication Technology to Gross Domestic Product (GDP) rose to 18.44% in the second quarter of 2022. The National Bureau of Statistics...
Growth was driven by 4.8% expansion in non-oil sector Inflation soared to a near 17-year high of 19.6% in July Nigeria’s gross domestic product (GDP) grew...
By FBNQuest We discuss some of the highlights of the Nigerian Economic Summit Group’s (NESG) pre-summit virtual event held yesterday, titled – Key Drivers for Economic...
A civil society organisation, Vanguard for Transparency and Accountability, has commended the Lagos State Internal Revenue Service (LIRS) over its recently introduced Whistle-Blower Initiative. The body described...
The incessant rise in the prices of goods and services in Nigeria has worsened to indicate a higher cost of living amidst deteriorating consumer purchasing power....
The Office of the Auditor General for the Federation has queried the Nigerian Ports Authority (NPA) over the failure of 18 port terminal operators to remit...
By FBNQuest Analysts Our chart today, drawn from data from the CBN shows that Nigeria’s gross external reserves increased marginally by $64m to $39.2bn in July....
The Federal Government is set to make a total of N483.73bn in three years from electronic payment boom by way of the Electronic Money Transfer Levy....
By Marcel Okeke The recent disclosure by Mrs Zainab Ahmed, Nigeria’s minister of finance, budget and national planning, that the federal government spent N1.93 trillion on...
Debt servicing is taking a better part of Nigeria’s fiscal arrangement as the Federal Government projected to spend up to N10.43 trillion to service debts by...