The Federation Account Allocation Committee (FAAC) disbursed the sum of N1.62 trillion to the three tiers of government in December 2023 from the total revenue generated...
The Central Bank of Nigeria (CBN) has released $500 million to various sectors as part of its determination to address the backlog of verified foreign exchange...
In its latest report, leading auditing and consulting firm, PwC has disclosed seven major trends that will shape Nigeria’s troubled economy in 2024. Among others, the...
By Umar Suleiman Investment in the Nigerian telecommunications sector dropped to $111.91 million in the first three quarters of 2023, down 61.22 per cent from $288.55...
Foreign Direct Investments into Nigeria declined by $470.8m in the last five years, findings have shown. This followed analyses of different Capital Importation reports published by...
As N’Assembly raises lawmakers’ allocation to N344bn The National Assembly has raised its 2024 budgetary allocation by 74.23 per cent to N344.85bn. This will be the...
The Minister of State Petroleum Resources (Oil), Sen. Heineken Lokpobiri, says Nigeria will meet and surpass the 2024 crude oil production budget benchmark of 1.7 million...
Diaspora remittance inflows from Nigerians living in other countries around the world amounted to $125.169 billion in the six-year period spanning 2016 to 2021. This is...
After touching one of the lowest levels in recent times last Friday, the Nigerian Naira opened the week with a 21.4 per cent or N256.76 gain...
The Nigerian energy sector underperformed in the second quarter of the year as the sector witnessed a decline in electricity and crude oil production due to...
Ongoing subscription to the December 2023 FGN Savings Bonds is slated to close tomorrow, Friday 8. Acting on behalf of the federal government, the Debt Management...
Total trade rises 54.6% to N18.8trn Driven by 70.52%rise in crude oil exports Nigeria’s trade surplus improved further in the third quarter, Q3’23, rising 47 per...
The NTU-SBF Centre for African Studies has unveiled a 10-year economic roadmap for Nigeria to return the country to growth path with possibility of up to...
Nigeria’s President, Bola Tinubu made his first presentation of the country’s annual budget proposal for 2024 fiscal year on Wednesday. He presented the budget estimated at...
By Umar Suleiman Dangote Refinery has secured its first cargo deal of about 6 million barrels, ready for delivery. This is as the much-anticipated project begins...
Nigeria’s Gross Domestic Product remained subdued in the third quarter, growing marginally by 2.54 per cent year-on-year in real terms in the third quarter of 2023,...
The naira fell, on Thursday, to N956/$ on the official Investor and Exporter forex window as dollar supply declined by 46.77 per cent. This is a...
The Inflation rate in Nigeria has risen for the tenth consecutive times in October 2023. According to the report released by the National Bureau of Statistics (NBS), the...
Kehinde Ogundare, Country Manager, Zoho Nigeria In recent years, the global economy has faced and continues to face numerous challenges, including a pandemic, war, climate change, and inflation. Businesses have had to...
The Federal Government of Nigeria on Monday finally emerged victorious in its legal case against Process & Industrial Developments (P&ID) Limited in a United Kingdom (UK)...