Economy
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Buhari’s borrowings hit N31tn, to leave N39.12tn debt for incoming President
The National Assembly has approved or at least received budget estimates worth N93.453tn from President Muhammadu Buhari in eight years.…
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PenCom opens online verification, enrolment tracks for FG MDAs
Beginning from 17 October, 2022 the National Pension Commission (PenCom) will flag off the 2023 online verification and enrolment exercise…
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Sanwo-Olu gets concession document for Badagry deep seaport as Lagos economic summit ends
The Lagos State Economic Summit (Ehingbeti 2022) has been concluded, and the state is already counting the gains of the…
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Pre-election spending forces Naira to crash to an time low at investors, exporters window
The Nigerian local currency, the Naira, has crossed the new red line at the Investors’ and Exporters’ Foreign Exchange (FX)…
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FG shops for $100bn foreign loan to fund SDGs
Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Tuesday, disclosed that the estimated cost of Nigeria’s Sustainable…
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IMF cuts Nigeria’s economic growth projection by 0.2%
The International Monetary Fund (IMF) has cut Nigeria’s economic growth projection for this year by 0.2 percent. The Washington-based financial…
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Buhari presents N19.76trn 2023 valedictory budget proposal to National Assembly
President Muhammadu Buhari on Friday presented before the two chambers of the National Assembly, the proposed N19.76 trillion budget for…
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World Bank predicts financial crisis, doom for Nigeria, cuts country’s economic growth forecast
The World Bank has cut Nigeria’s economic growth forecast for 2022, while painting a gloomy picture of the country’s finances.…
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FG obtains fresh $750m loan from World Bank
The World Bank has approved the release of $750 million International Development Association (IDA) credit to the Nigeria State Action…
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Naira crashes to N735 per dollar as political campaign begins
The dollar hit N735 in the parallel market yesterday as political campaign activities began in the country. According to…
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