World oil demand to rise by 2.33m bpd in 2023 –OPEC
For the third month running, the Organisation of Petroleum Exporting Countries (OPEC) has barely changed its forecast of global oil…
eNaira adoption disappointingly low, says IMF
The International Monetary Fund (IMF) says 98.5 percent of eNaira wallets have not been used even once. In its recently…
Food price inflation remains high globally – World Bank
The World Bank says inflation in food prices remains high globally. It made the declaration in its latest Food Security…
Diaspora Nigerians remitted $168bn in eight years – World Bank
The Nigerian Diaspora community has remitted $168.33bn to the country in the past eight years, according to World Bank reports…
FAAC: Allocation drops as FG, states, LGs share N715bn
The Federation Account Allocation Committee (FAAC) says it shared N714.63bn among the three tiers of government in March 2023. The…
Nigeria is defaulting in debt repayment to China – DMO
Nigeria has failed to service its debt to China which has accumulated to N110.31 billion in the last two years.…
Currency in circulation rises by 71% to N1.6tn, says CBN
The currency in circulation in the country jumped by N701.4tn in one month to hit N1.6tn in March, 2023 after…
Nigeria’s external reserves slide further to $35bn
Nigeria’s external reserves fell by $112.78m in two weeks to $35.42bn, figures obtained from the Central Bank of Nigeria have…
World Bank lists challenges for incoming FG, drops growth rate forecast
Against the backdrop of the imminent assumption of office, the World Bank Group, WBG, has given a long list of…
IMF pushes for interest-free loans for developing countries
Multiple economic shocks in recent years, amid a slow rise in per capita income in more than three decades, have…