Economy
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Chinese loan to Nigeria rises by $800m, hits $4.73bn
Nigeria’s debt to China increased from $3.93billion as of June 30, 2022, to $4.73billion as of June 30, 2023, showing…
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Forex speculators post heavy losses as naira rebounds
The naira yesterday made a significant gain of N175 to dollar at the parallel market. The naira rebound happened…
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Pension asset hits N16.76trn – PenCOM DG
The National Pension Commission (PenCOM) says its Pension Asset Under Management so far stands at an impressive N16.76 trillion. …
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Tax Reforms: FG plans streamlining over 200 taxes to less than 10
The Presidential Committee on Tax Reforms and Fiscal Policy on Tuesday, October 24, said its target is to cut down…
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IGR: Lagos, Rivers lead as states rake in N1.93tn — NBS
Lagos, Rivers, and the FCT led as the total Internally Generated Revenue of states in the country marginally rose to…
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FG to obtain fresh $3.45bn World Bank loan to fund power, other sectors
The Federal Executive Council (FEC), on Monday, accepted a $3.45 billion loan proposal to fund five projects. Projects in…
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Naira slumps again as dollar scarcity bites harder
The naira has maintained its downward trend as scarcity of the dollar bites harder. At the parallel market, naira…
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We’re facing enormous challenges, managing to pay salaries — FG
The Federal Government on Thursday emphasized the need for non-state actors to complement its efforts in national and economic development…
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Naira in all-time free fall, slumps to 1,100 per dollar
The Nigerian naira faced a significant devaluation, reaching a new low of 1,100 naira per US dollar on the black…
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Tinubu to secure another $1.5bn loan from World Bank to ‘revive economy’ – Finance Minister
The Tinubu-led federal government is to access $1.5 billion World Bank’s budget support loan, Finance and Coordinating Minister of the…
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