Headline inflation eases in April The consumer price index (CPI) which measures inflation rate in Nigeria settled at 18.12 per cent year-on-year in April 2021. This...
CBN foreign reserves dip by $111.56 million in one week Nigeria’s FX reserves sustained its decline for the fourth consecutive week, as it dipped...
FG to see higher VAT and CIT revenues in 2021, say experts Financial experts at Cordros Capital Limited has said the federal government is well...
Another Naira devaluation looms as CBN moves to harmonise exchange rates Indications are rife that the Central Bank of Nigeria (CBN) may have commenced...
WTO reports 15% decline in global trade costs World Trade Organisation (WTO) on Friday said that the Global trade costs have dropped by 15...
Breweries, professional services top chart as FG generates N393bn as CIT in Q1 2021 Revenue generated by the Federal Government of Nigeria as company...
Augusto predicts rebound in Nigeria’s diaspora remittances to hit $22bn Nigeria’s diaspora remittances have been projected to recover by five per cent to $22...
AfDB: Nigeria needs urgent economic diversification for COVID-19 recovery The African Development Bank (AfDB) says economic diversification is the only viable option for Nigeria...
Nigerians pay N496.39bn in VAT in Q1 2021 Nigerians consuming various goods and services in the country paid Value Added Tax (VAT) estimated at N496.39...
Insecurity in Nigeria: One shot too many for the economy By FDC Analysts Insecurity and insurgency have become the watch words of most Nigerians....
Diaspora Remittances: Is CBN’s Naira 4 Dollar Scheme here to stay? The voracity of the Central Bank of Nigeria (CBN) to swell up its...
MPC Meeting: The hawks likely to remain in the minority By FBNQuest Research Although it left its benchmark rate of 11.50% and other parameters unchanged,...
Nigeria received $8.4bn investment announcement inflows in Q1 2021 Nigeria received about $8.4b investment announcement inflows in quarter one (Q1) 2021, Executive Secretary of the...
DMO: Nigeria’s debt to China’s EXIM Bank hits $3.714b Pays $391.66m interest Repays $449.89 principal $1.267bn railway loan largest debt burden Nigeria’s total debt to...
Newly approved N1.1trn loan to raise Nigeria’s public debt to N34trn The total debt stock for Nigeria could rise from N33 trillion to N34...
G7 leaders ink agreement over global tech regulation Top leaders from G7 nations today signed an agreement over proposed new tech laws aimed at...
N1.23trn bad loans bite as banks’ gross credit tops N20trn Analysts have blamed the woes of Nigerian economy on bad loans in the banking sector....
Nigeria’s forex inflow suffers 54% decline in January Inflow of foreign exchange into the Nigerian economy fell significantly in the first month of the...
Trade volume between Nigeria and South Korea crashes by 74% The volume of trades between Nigeria and South Korea plummeted by as much as...
Hard time beckons as FG admits revenues crashing The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Monday admitted that Nigeria’s economy was...