Economy
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Naira in free fall to record low at official market as dollar supply drops by 54%
The exchange rate between the naira and the US dollar closed at N422.07/$1, at the Investors and Exporters window, where…
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Sanwo-Olu commissions 100 housing units in Lekki
Lagos State Governor, Mr Babajide Sanwo-Olu, on Wednesday commissioned 100 units of housing project in Ikate, Lekki area of the…
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2022 Budget: Buhari, Osinbajo to spend N508m on food even as hunger bites Nigerians
Amid dire hunger necessitated by food price inflation in Nigeria, the President Muhammadu Buhari regime has proposed to spend an…
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State of the Naira: Nigeria’s official exchange rate ‘artificially low’, says Osinbajo
Vice President Yemi Osinbajo on Monday said Nigeria’s official exchange rate is ‘artificially low’. He therefore, urged the Central Bank…
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Nigeria has borrowed her way out of two recessions, says Buhari
President Muhammadu Buhari has said that Nigeria is in so much debt due to borrowing to survive two recessions. Buhari…
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Only 41 million people pay tax in Nigeria – FIRS boss
The Chairman of the Federal Inland Revenue Service (FIRS), Muhammad NAMI, has said that only 41 million people pay taxes…
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Nigerian military jets raid forests in Sokoto, Katsina, several bandits killed, hideouts destroyed
Military troops of Operation HADARIN DAJI have neutralized several bandits and destroyed their hideouts at Sokoto and Katsina Forest in…
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Debt servicing gulps 74% of Nigeria’s revenue, cost rises to N2.9tn —FG
The Federal Government has said that it spent N2.89trillion on debt servicing between January and August. The Minister of Finance,…
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Excess Borrowings: Nigerians are right to be concerned, but we are still within limits – Buhari
President Muhammadu Buhari has said that Nigerians have a right to be concerned about recent borrowings by the Federal Government.…
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President Buhari’s 2022 Budget speech
PROTOCOLS 1. It is my great pleasure to be here once again to present the 2022 Federal Budget Proposals to…
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