Economy
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FG proposes N26.01trn for 2024 fiscal year
The Federal Government has proposed the sum of N26.01 trillion for the 2024 appropriation based on oil price benchmark of…
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BREAKING: Nigeria’s inflation hits 26.72%
Nigeria’s inflation rate has climbed to 26.72 per cent, marking a 0.92 per cent increase from the previous month’s 25.80…
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Nigeria, 4th on World Bank borrowers list with $14.3bn debt stock
Nigeria has maintained its fourth position on the World Bank’s top 10 International Development Association (IDA) borrowers’ list after moving…
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PenCom commits to implementation of contributory pension scheme
The National Pension Commission (PenCom) has reiterated its commitment towards the implementation of the Contributory Pension Scheme (CPS) through existing…
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CBN lifts forex ban on 43 items
The Central Bank of Nigeria has lifted the ban on importers of 43 items restricted from accessing foreign exchange on…
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Naira continues its free fall, exchanges N1,045 in parallel market
The Naira, on Wednesday, plunged to a new all-time low at the parallel section of the market. Bureaux De…
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Foreign investors whittle down equity stake in Nigeria to N37bn over political tension
Foreign investors’ stake in Nigerian equities fell Month-on-Month (MoM) by 8.34 percent in August, 2023, on the back of the…
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Nigeria rises to 4th place in country rankings – African Trade Barometer Report 2023
Stanbic IBTC Holdings, a member of Standard Bank Group, has shared some of its latest findings from the Africa Trade…
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Sanwo-Olu tasks Executive, Legislature on development of blue economy
Lagos State Governor, Mr. Babajide Sanwo-Olu, has called on the executive and legislature to develop the blue economy in Nigeria…
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IMF downgrades Nigeria’s economic growth forecast for year 2023
The International Monetary Fund (IMF) has downgraded Nigeria’s economic growth forecast for the year 2023 to 2.9%. This is…
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