Economy
Nigeria’s Foreign Reserve Plunges Despite Higher Oil Prices
Nigeria’s foreign reserve has declined rather than being boosted by higher crude prices, figures published by Central Bank of Nigeria...
The High Cost Of Federal Procurement
Firms and individuals seeking to do business with Ministries Departments and Agencies of the Federal Government must scale a high...
Petrol Sells For N175 Per Litre In Anambra
The pump price of Premium Motor Spirit (PMS) has risen to between N170 and N175 per litre in Anambra and...
Nigeria Reportedly Out Of Recession With 0.11% Growth
Reports have emerged that the Nigerian economy is out of recession after grew by 0.11 percent in the fourth of...
Senate Mandates Committee On Banking To Invite Emefiele On Crypto Currencies
The Senate has mandated its Committees on Banking and Insurance, Capital Market, ICT and Cyber Crimes to invite Governor of...
IMF Sees Dangote Refinery’s Potential Of Bailing Nigeria From Economic Downturn
The International Monetary Fund (IMF), the global financial watchdog is projecting that Nigeria's Dangote Refinery would provide an elixir for...
IMF Reveals How Nigeria Can Cover Unemployment Gap
The International Monetary Fund has said Nigeria will need to create 5 million jobs annually for the next 10 years...
Naira Weakens As Dollar Scarcity Hits Market
The Naira fell on Monday and bid-ask spreads widened as the local spot currency market struggled with a scarcity of...
Nigeria’s Capital Importation Drops To Lowest in 4 Years
The total value of capital importation into Nigeria contracted by 59.65% to $9.68 billion in 2020 compared to $23.99 billion...
REVEALED: See How Much Nigeria Generated From VAT, Company Tax In 2020
The National Bureau of Statistics (NBS) has revealed that Nigeria generated total revenues amounting to about N2.94 trillion ($7.7bn) as...
