Economy
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Nigeria’s foreign inflows fall by 32% as investments from UK, South Africa, others decline
The Central Bank of Nigeria (CBN) has disclosed that capital importation into the country fell by 32 per cent from…
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Nigeria’s debt stock hits N39.6tn in 11 months – Reports
Nigeria’s total debt stock rose from N32.9tn as of December 2020 to N39.6tn in November 2021, The News Center Nigeria…
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N1tn, $3m Solid Minerals Fund spent by FG on elections, drainage
Federal Government may have turned the over N1trillion Natural Minerals Resources Fund set up to develop the solid minerals sector…
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Nigeria’s diaspora remittances set to beat World Bank’s projection, rise 10% to $14.2bn
Nigeria’s diaspora remittances inflow is set to beat the World Bank’s projection for 2021, as it rose to $14.2 billion…
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FG agencies fail to remit N2.8tn independent revenue in six years
The Federal Government recorded a shortfall of N2.8trillion in independent revenue from revenue generating agencies between 2015 and 2020, an…
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Olalekan counters KWIRS Chairman, says effective structure, functional system, automation obtained before her tenure
A former Director, Kwara State Internal Revenue Services (KWIRS), Mr. Olalekan Rotimi, on Wednesday, asked the current Chairman of KWIRS,…
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Nigeria’s external reserve declines by $24m in first week of 2022
Nigeria’s external reserve dipped $24.3 million in the first week of the year to close at $40.49 billion as of…
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CBN forecast GDP growth rate of 3.2% in 2022 as Emefiele presents economic outlook
The Central Bank of Nigeria (CBN) is forecasting a GDP growth rate of 3.2% in 2022. This is according to…
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AMCON lists 7,912 names owing N4.4tn as deadline expires
The Asset Management Corporation of Nigeria (AMCON) is set to publish the names of 7,912 debtors owing it a total…
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1,209 deceased workers’ relatives get N6.28bn under contributory pension scheme
The relatives of 1,209 deceased workers were paid N6.18billion under the Contributory Pension Scheme from April to June last year.…
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