Global growth slows to 2% in 2023 – World Bank
The World Bank Group President, David Malpass says global growth is expected to be weak in 2023, slowing to two…
Pension fund assets rose by N1.68trn in one year, says PenCom
The National Pension Commission (PenCom) says total pension fund assets increased from N13.76 trillion to N15.45 trillion in one year.…
Inflation erodes national minimum wage by 41% – Report
Nigeria’s spiralling inflation rate has eroded the N30,000 monthly national minimum wage by more than 40 percent since 2019, a…
Why Nigeria’s debt is on the rise – DMO
The Debt Management Office (DMO) has attributed Nigeria’s increasing debt stock to a combination of factors, including borrowings and the…
World Bank put Nigeria’s growth recovery for 2023 at 3.1%
The latest World Bank report indicates that growth recovery in Nigeria for the year is still fragile as oil production…
Nigeria, South Africa, Egypt Slowing Regional Growth, Says World Bank
The underperformance of Nigeria, South Africa, Egypt and other African big economies is slowing down the continent’s economic growth, the…
FG secures $800m World Bank facility for fuel subsidy removal palliatives
The Federal Government has secured a $800 million World Bank facility for fuel subsidy removal palliatives. The Minister of Finance,…
Second Niger Bridge to be opened May 15 – Fashola
The Federal Government has said the second Niger bridge will be fully open to vehicular movement on May 15. The…
Investors Pull $1.6-Billion From Binance After US Lawsuit
Investors withdrew US$1.6-billion of cryptocurrency from Binance since it was sued by the US Commodity Futures Trading Commission (CFTC) on…
Banks’ credit to govt hits N28.43tn
Banks’ credits to the government rose by N3.77tn in the first two months of 2023. Figures obtained from the Central…