CBN Fights Customs Over e-Valuation of Imports, Exports.
The Central Bank of Nigeria (CBN) and the Nigerian Customs Service are at loggerheads over the e-evaluation of imports and…
World Bank blames dependence on oil exports for Nigeria’s frail growth prospects
The World Bank says Nigeria’s dependence on oil exports is the leading cause of the frail growth prospects of the…
Nigeria remains attractive investment destination, says AFC
The Africa Finance Corporation (AFC) says Nigeria is still ranked high internationally as a destination for foreign direct investment (FDI).…
FAAC shares N695bn February revenue to FG, States, LGs
The Federation Accounts Allocation Committee (FAAC) yesterday shared a total sum of N695.033 billion to the three tiers of government,…
Dollar hits N590 as FOREX scarcity bites harder
The lingering foreign exchange (FOREX) scarcity in the country has continued to worsen even as the exchange rate on the…
CBN retains benchmark interest rate at 11.5%
The policy-setting committee of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR), which measures interest…
CBN projects 3.24% growth for Nigeria in 2022 despite rising inflation
The Central Bank of Nigeria (CBN) has projected that the Nigerian economy will grow by 3.24 per cent in 2022,…
FG incurs N950bn new domestic borrowing in Q1 2022 – DMO
The Federal Government has incurred N950bn new domestic borrowing between January 2022 and March 11, 2022, the Debt Management Office…
FG raises fresh $1.25bn through eurobond to finance capital projects
Nigeria has raised a $1.25 billion seven-year eurobond in the International Capital Market (ICM) to finance capital projects in the…
Nigeria generated over $3bn from non-oil export in 2021, says NEPC
The Nigerian Export Promotion Council (NEPC) has said that the country exported non-oil products worth $3.455bn in the 2021 fiscal…