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Economy
NBS : Nigeria Inflation Rate Soars To 21.91%, Attributes Rise To Naira Scarcity
Nigeria inflation rate has soared to 21.91%, compared to January 2023 inflation rate which was 21.82%, the National Bureau of Statistics NBC stated.
The percentage represents a 0.09% point increase.
This was disclosed in a recent…
2023: Buhari Has Done Well For Nigeria Despite Economic Hardship – Keyamo
Festus Keyamo has hailed President Muhammadu Buhari, saying he has done well inspite of the economic hardship in the country.
Keyamo who is the Chief Spokesman of the All Progressives Congress (APC) Presidential Campaign…
AfCFTA: Delta State Indicates Readiness To Collaborate With Federal Government
Delta State Governor, Dr Ifeanyi Okowa, on Tuesday pledged his administration support for and partnership with the Federal Government with respect to domesticating the African Continental Free Trade Area (AfCFTA) agreement.
…
LASG Signs MoU With UK Funded ACE-TAF To Improve Energy Grid Access in Lagos
The Lagos State Government has signed a Memorandum of Understanding (MoU) agreement with the British Government-funded Africa Clean Energy Technical Assistance Facility (ACE TAF) programme - a four-year programme being implemented by Tetra…
Naira slumps further against US Dollar at ₦473/$1
Nigerian naira has crashed against the dollar at the exchange rate market on Tuesday.
Punch reported that the naira exchanged 473/$ at the parallel market.
It had earlier gained in recent times after it closed the…
GDP: Nigeria 1st In Africa, 26th In The World —- IMF
Nigeria stands as the number one country in Africa in the International Monetary Fund (IMF) 2020 World Economic Outlook’s ratings of countries.
Using countries’ GDPs, IMF ranked Nigeria among the first 26 countries in the world…
BAYELSA BUDGET 2021: Diri Presents N290.2bn To House Of Assembly, As Infrastructure Gets N34bn
The Bayelsa State Governor, Senator Douye Diri, has presented the 2021 budget estimate to the House of Assembly.
According to a statement, the budget was christened the "Budget of Growth";
Presenting the N290,295,465,423 Appropriation…
How The Covid-19 Pandemic Stroke Heavy Blow To The World’s Largest Economy
The United States’ economy suffers its biggest blow since the Great Depression as the coronavirus pandemic froze almost all activity and shattered consumer and business spending.
This unprecedented healthcare crisis triggered…
P&Id Case: UK Court Orders Release Of $200m Deposit To Nigeria
A court in London has ordered the release of $200 million used as a deposit in the case against Process & Industrial Development (P&ID) to the Nigerian government.
CBN governor, Godwin Emefiele who made the disclosure…
FG Approves 1 Year Tax Waiver Of Electricity Meters Importation
In line with the Federal Government’s commitment to supporting reforms in the electricity industry, and the implementation of Meter Asset Provider (MAP) scheme, President Muhammadu Buhari has approved a one year waiver of Import Levy on…