Economy
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82 per cent of Nigeria’s exported agro-allied products rejected in Europe ― Shippers
The Shippers Association of Lagos (SALS) over the weekend said that 82 per cent of Nigeria’s exported agro-allied products are…
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Sanwo-Olu signs 2022 appropriation bill of N1.75trn
Lagos State Governor, Mr. Babajide Sanwo-Olu, on Friday signed the 2022 Appropriation Bill of N1.758 trillion christened ‘Budget of Consolidation’…
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World Bank warns FG over plan to hike electricity tariffs
The World Bank has warned Nigeria and other emerging economies against raising electricity tariffs. The institution in its latest Commodity…
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Public debt to hit N50tn by 2023, as FG plans N12tn fresh borrowing
The Federal Government hopes to push its public debt stock to N50.22trillion by 2023, with domestic debt at N28.75tn and…
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Capital projects top priority as Kwara Gov presents N189.4bn 2022 budget
Kwara State Governor AbdulRahman AbdulRazaq on Wednesday laid the 2022 budget before the state parliament, with capital expenditure grabbing 55.3…
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Thousands of cargoes trapped at Lagos ports as Customs server breaks down
Cargoes destined for markets across the country were trapped at Apapa and Tin-Can Island Ports on Tuesday due to the…
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Kwara govt awards new road contracts to boost economy, as Gov presents 2022 budget today
The Kwara State Government has approved the dualization of Yebumot Al -Hikma University-Adeta Roundabout-Oloje Road to ease traffic gridlock, lessen…
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Lagos govt raises N137.3bn capital mkt bond to address infrastructure deficit
All statutory instruments that will facilitate the raising of N137.328 billion bond by Lagos State Government from the capital market…
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Barely four days to Christmas, traders decry low patronage
TRADERS in Lagos are yet to feel the effect of the yuletide season as patronage, so far, is quite low.…
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Debt Overhang: Nigeria has not, and will not, mortgage national asset for Chinese loans — DMO
The Debt Management Office (DMO) has clarified that loans from China to Nigeria, which presently stood at 3.59 billion dollars, constitutes only…
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