The Minister of Communications and Digital Economy, Isa Pantami has called for wider stakeholder engagement to discuss the proposed 5 per cent excise duty on the...
Highlights Hike signals CBN panicking Poverty may worsen Inflation remains unabated Stock market to suffer ripples After the Central Bank of Nigeria (CBN) on Tuesday jacked...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday again raised the Monetary Policy Rate from 13 per cent to 14...
Nigeria lost at least $1.8 billion yearly between 2010 and 2019 as a result of the federal government’s protectionist measures, the World Bank has said. According to the...
The Federal Government (FG) has commenced implementation of the N10 per litre tax on sugar-sweetened beverages (SSB) aimed at combating non-communicable diseases. The SSB tax was...
World Bank Sees Dangers against Nigeria’s 3.4% GDP Growth Forecast The World Bank has identified fuel shortage and rising inflation as likely restraints to economic growth...
Subsidy Hits N600/Litre Marketers say Subsidy No Longer Sustainable To make petrol consumption affordable for Nigerians, the federal government daily pay about N40.1 billion as...
The federal, state, and local governments shared a total of N680.783bn as federation allocation for the month of May 2022. The sharing agreement was reached at...
The Federal Government has saved about N10 trillion since the Single Treasury Account (TSA) has been in operation. Director-General, Bureau of Public Service Reforms, BPSR, Dr....
The Nigerian Extractive Industries Transparency Initiative (NEITI) has insisted that the removal removal on Premium Motor Spirit (PMS) will free the economy from bondage. Executive Secretary,...
The World Bank has said that Nigerian states will likely lose N18.8 billion in oil and gas revenues in 2022, as worsening revenue collection at the...
By Ahmed Ayanfe Lagos State residents and businesses operating in the state spend about $12.63 billion equivalent to N5.3 trillion annually on fossil fuel as a...
By Ahmed Ayanfe The World Bank Group has said that public debt in Nigeria and other low- and middle-income countries is now at a 50-year high,...
The economic burden of spending more cash to get less currently eating into Nigerians’ hard-earned income is not easing down any time soon as experts have...
By Ahmed Ayanfe Nigeria’s custodian of data, the National Bureau of Statistics (NBS) has said the average retail price paid by consumers for petrol increased to...
At a time when central banks around the world are mounting desperate battles to contain inflation, in Nigeria it could be a case of the country’s...
By Ahmed Ayanfe Nigeria is intensifying efforts to earn a targeted revenue of $200 billion from non-oil exports, according to Godwin Emefiele, governor of the Central...
Headline inflation in Nigeria has recorded significant rise within the last 11 months. Latest figure by the National Bureau of Statistics (NBS) has shown that in...
By Ahmed Ayanfe Nigeria’s Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed has explained that the sustained oil price increase in the global market...
In its move to bridge the 2022 budget gap, the federal government has so far raised N2.28 trillion FGN bonds/Saving Bonds in the domestic market and...