Economy
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National Assembly passes 2024 budget, jacks it up by ₦1.2trn
The National Assembly, Saturday, passed the 2024 Appropriation Bill, increasing the sum to ₦28.7 trillion from the initial ₦27.5 trillion…
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Naira nosedives again at official market
Nigeria’s naira depreciated to a low of N1,043.09 to the dollar at the official foreign exchange market on Thursday. …
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25 agencies, ministries to spend N85bn on vehicles in 2024
About N85 billion has been proposed to be spent on vehicles by 12 federal government agencies and 13 ministries in…
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National Assembly to pass 2024 Appropriation bill Saturday •Plans to increase budget by N2trn
The joint Senate and House of Representatives Committees on Appropriations are currently putting final touches to the compilation of the…
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Companies that exited Nigeria in 2023 amid bad economy
Throughout 2023, Nigeria’s business environment grappled with unprecedented challenges, chiefly influenced by the complexities of an election year. Uncertainties…
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Nigeria’s public debt stock hits N87trn – DMO
Nigeria’s total public debt stock hit N87.91 trillion ($114.35 billion) as of Sept. 30, according to a statement by the…
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Despite N9.56trn allocation in five years, 774 LGAs still underdeveloped
Despite an increase in earnings in the last seven months of post-subsidy regime, and estimated allocation of N9.56 trillion from…
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Inflation, exchange rates to decline in 2024 – CBN
Central Bank of Nigeria (CBN) has said the rising inflation and exchange rates will decline in 2024. According to…
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Naira crashes further to N1,220 per dollar in parallel market
The naira depreciated yesterday to N1,260 per dollar in the parallel market from N1,220 per dollar Tuesday. Similarly, the…
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CBN assures of adequate cash supply
The Central Bank of Nigeria (CBN) has again assured members of the public that it is addressing the reported cases…
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