By Ahmed Ayanfe Only Lagos, Oyo and three other states attracted foreign investment (FDI) in the first quarter of 2022, a report by the National Bureau...
The burden of subsidy payment on fuel consumed in Nigeria is about to further weigh heavier on the pocket of the federal government, thus exerting pressure...
Ahmed Ayanfe More people living in Nigeria and its Sub-Saharan neighbours are expected to fall into extreme poverty due to different factors affecting the global economy,...
The National Bureau of Statistics (NBS) said Nigeria’s trade surplus in the first three months of 2022 recorded N1.2 trillion due to increases in crude oil export....
Foreign Direct Investment (FDI) into Nigeria has crashed by 78% in three months amid a worsening foreign exchange crisis in the country that continues to send...
Agency Report The Federal Government has shelved plans to raise about $950 million selling overseas bonds, owing to unfavourable market conditions during the time frame approved...
The National Bureau of Statistics (NBS) has disclosed that Nigeria spent N1.51 trillion on the imports of premium motor spirit, also known as petrol, in the...
Nigeria’s foreign exchange (FX) reserve sustained its descent for the fifth consecutive week, decreasing to its lowest level since 8th October 2021, hitting eight-month bottom. Precisely,...
By United Capital Research Anglophone West Africa Nigeria According to Fitch Solutions’ Nigeria 2022 consumer outlook, despite the erosion of value of the currency and...
All the 36 states of the federation, the Federal Capital Territory Authority and the 774 local government authorities in the country are now under pressure to...
African Export-Import Bank (Afreximbank) has signed an Agreement with the African Petroleum Producers Organization (APPO) according to which both parties will collaborate on the establishment of...
Warns Fuel Subsidy May Gulp 6trn in 2022 The International Monetary Fund (IMF) has expressed fear that Nigeria’s fiscal reality might go from bad to...
The Nigeria Customs Service (NCS) revealed that the implementation of the e-customs project will generate $176 billion in 20 years. This was disclosed by the Comptroller-General,...
Under the Anchor Borrowers’ Programme (ABP), the Central Bank of Nigeria has distributed a total of N1.01 trillion to over 4.2 million smallholder farmers farming 21...
The Road leading to the 2023 general elections, where another president is expected to emerge, has been busy with political calculations and electoral permutations from ruling...
Amidst dwindling purchasing power and disposable income, Nigerians have had to contend with rising costs of food items in the last 12 months. Empirical-based report by...
As Manufacturing, ICT sectors Take Lead Foreign companies yield higher remittances The federal government of Nigerian has generated a sum of N532.48 billion from Company...
Nigerians spent at least $220.86 million on foreign education between December 2021 and February 2022 a study by the Central Bank of Nigeria (CBN) has shown....
The Vice President, Prof Yemi Osinbajo has on Wednesday disclosed the reason the Nigerian government pulled out of a corporate tax treaty with 136 countries that...
Reserves May crash below $38 Billion mark – Analyst As pressure continued to mount on the Nigeria’s external reserves, the country’s hard currency vault depleted by...