Economy
-
NNPC, 47 oil companies fail to remit $8.26bn revenue to federation account — NEITI
A total of 47 oil companies and the Nigerian National Petroleum Company Limited (NNPCL) failed to remit $8.26 billion in…
Read More » -
12.5kg cooking gas price may hit N18,000 December
Gas retailers have warned that the price of 12.5kg cooking gas may hit N18,000 by December if the Federal Government…
Read More » -
Nigeria’s debt hits N87trn, jumps by 75% in three months
The Debt Management Office has said Nigeria’s total public debt hit N87.38tn at the end of the second quarter of…
Read More » -
World Bank raises concerns over Nigeria’s macroeconomic management
The World Bank has demanded immediate structural changes in Nigeria’s macroeconomic management, including enhancing revenue collection and financial management, reports…
Read More » -
2023 budget in danger as crude output crashes by 470,000 bpd, a loss of $43.2 million daily
Implementation of the 2023 budget of N21.8 trillion is currently threatened as the nation has suffered a shortfall in crude…
Read More » -
Nigeria-bound goods to be cleared in Cotonou
Nigerian importers who desire to import their goods through Cotonou Ports in Benin Republic will be free to do so…
Read More » -
Tinubu’s reforms crippling ordinary Nigerians, enriching business executives – The Economist
As ordinary Nigerians continue to grapple with the effects of President Bola Tinubu’s harsh economic decisions, business executives are smiling…
Read More » -
25 million Nigerians at high risk of hunger — UNICEF
The United Nations International Children’s Emergency Fund (UNICEF) said about 17.7 million Nigerians are hungry, and the number could increase…
Read More » -
Banks’ bad loans hit N478bn amid economic downturn
At least four banks recorded N478billion non-performing loans during the first half of this year, according to their financial results…
Read More » -
FG obtains fresh $163m AfDB loan for wheat production
The Federal Government has obtained a $163 million loan from the African Development Bank (AfDB). Vice President Kashim Shettima…
Read More »