The COVID-19 pandemic threatens hard-won gains in health and education over the past decade, especially in the poorest countries, a new World Bank Group analysis finds....
As local currency plunges further to N460/1$ _____________________________ Godwin Emefiele, governor of the Central Bank of Nigeria (CBN) has blamed loss of value by the country’s...
The consumer price index, (CPI) which measures inflation increased by 13.22 per cent Year-on-year (YoY) in August 2020 according to the latest report by the National...
The federal government of Nigeria is working to create at 1.5 million construction jobs and 1 million supply jobs in the next five years via a...
Participants at a webinar to organised by the African Development Bank (AfDB) have reaffirmed the the claim that despite incursion of coronavirus pandemic that disrupted the...
Despite the lockdown introduced by the Federal Government to contain the COVID-19 pandemic spread, top 10 exporters in Nigeria have earned $74.78 million from export proceeds...
FG holds 81.52% of nation’s total public debt Lagos, Rivers, Akwa Ibom top other states External debt at N11.36trn or 36.65% Domestics debt at N19.65rtn or...
The Federation Accounts Allocation Committee (FAAC) shared N3.879 trillion to the Federal Government, states, local government areas and other statutory recipients in the first half of...
However, the effect of the forex sale resumption was yet to be felt as naira exchanged to the dollar on the parallel market at N430 despite...
Osinbajo said despite the slump, the Nigerian Government had to sustain expenditures, “especially on salaries and capital projects, in order to keep the economy going.”
Currency markets had a relatively directionless session on Friday, with the US dollar holding onto its corrective gains after US yields spiked after the US employment...
Revenues shrink by N175bn as Nigerian govts share N606bn in May Nigeria’s federation account allocations dipped in June 2020 as the impact of COVID-19 took a...
As the global economy continues to count losses to the impacts of coronavirus pandemic, the Nigerian economy has recorded significant fall in its foreign trade portfolio...
As a result of the coronavirus pandemic, Nigeria’s capital importation plunged 78.6 per cent in the second quarter year-on-year to $1.295 billion, as lower oil prices...
Economic contraction in Africa due to the corrosive effect of Coronavirus pandemic is going to cost the gross domestic product of the continent a whooping $409.1...
For obvious reasons, the purchasing manager index (PMI) contracted further in August, expressing gloomy economic expectations of players in the manufacturing and services sectors. Latest PMI...
Employment as well as economic activities in Nigeria remains precarious despite eased lockdown, interstate movement allowance and gradual reactivation of the economy from the impacts of...
Introduction This brief presents the findings of the third round of the Nigeria COVID-19 National Longitudinal Phone Survey, a nationally representative monthly survey of 1,9501 households...
The wide gap in the naira/dollar exchange rates in the different segments of the foreign exchange market is likely to be reduced when the Central Bank...
The Central Bank of Nigeria has moved to curb abuse of forex acquisition by dealers as the apex bank banned with immediate effect involvement of third...