National Assembly passes N13.58trn budget for 2021 The National Assembly, Monday passed the 2021 Appropriation Bill to the tune of N13, 588, 027,886, 175 trillion...
FG collects N2.27trn revenue in Q3; records N1.29tn fiscal deficit The Federal Government recorded a fiscal deficit of N1.29 trillion during the third quarter of...
Recap & Outlook: Current facts about Nigerian economy By Cordros Capital Analysts According to the data released by the National Bureau of Statistics (NBS), capital importation...
The Federal Government has ordered the immediate reopening of four land borders to facilitate commerce with neighbouring countries, Zainab Ahmed, the Minister of Finance, Budget and...
Evidently, the trend of spending more to get less by Nigerians has reached a new height following o.66 per cent spike in inflation rate in November...
FDI worth $414.79m UK emerges origin of highest capital inflow Lagos swallows $1.209bn capital Standard Chartered Bank leads rivals with $438.98m Nigeria economy attracted a total...
The World Bank has finally approved Nigeria’s $1.5 billion loan request. In a statement on Tuesday, the Bretton Wood institution said the facility is a five-year...
The total value of Nigeria’s foreign trade from January to September is estimated at N23.2 trillion, while trade in the third quarter of 2020 (Q3 2020)...
The Federal Account Allocation Committee (FAAC) disbursed a sum of N639.9 billion to the three tiers of government in October 2020 from the revenue generated in...
The Federal Government yesterday, said it has waived import duty and Value Added Tax, VAT, valued at about N1.3 trillion in addition to other incentives in...
The Central Bank of Nigeria (CBN) on Monday introduced new rules that allow beneficiaries of diaspora remittance and transfers into domiciliary accounts to receive their money...
The Total gross credit to the real sector of the Nigerian economy by the banks in the country has risen by 21 per cent in the...
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has said Nigeria’s external reserves, which is currently at $35 billion, is sufficient to...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted unanimously to keep the Monetary Policy Rate (MPR) at 11.5%. This was...
The current recession, which the Nigerian economy recently slid into, will be short-lived, the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said....
Nigeria has slipped into a recession after its gross domestic product contracted for the second consecutive quarter, according to official data released. Africa’s biggest economy is...
The Federal Executive Council (FEC) ratified Nigeria’s membership of the African Continental Free Trade Area Agreement (AfCFTA) on Wednesday in Abuja. Minister of Information and Culture,...
Africa’s Internet economy has the potential to reach 5.2 per cent of the continent’s gross domestic product (GDP) by 2025. e-Conomy Africa 2020, a new report...
Over 1.5 million UK SMEs have stopped trading internationally this year which could cost the UK £20 billion, due to the impacts of COVID-19 and uncertainty...
November 2020 Economic Insight By NOVA Reasearch Analysts Dollar Rationing to Persist on Meagre Inflows and Rising Outflows The CBN intervention across segments of the FX...