Nigeria’s Inflation Rate In August Hits 20.52%, Says NBS
The headline inflation rate in August 2022 rose to 20.52 per cent, data released by the National Bureau of Statistics…
Jumia’s New Partnership Could See Drone Deliveries Across Africa
African e-commerce giant Jumia has announced today a new partnership with instant delivery service Zipline, which owns a fleet of…
Fuel Subsidy Scam: Customs DG Faults N6trn Claims
Comptroller General of Nigerian Customs Service (NCS), Hameed Alli, has faulted the over N6 trillion allegedly being paid as fuel…
NNPCL Hits FAAC With N448bn July Subsidy Deduction
Nigerian National Petroleum Company Limited, NNPCL, deducted N448.78 billion from Federation Account revenue in August for petrol subsidy. The amount…
ECOWAS Commission and ECOWAS Bank Partners to Strengthen Ties on Mutual Interest
The ECOWAS Commission on Thursday 25th August 2022, welcomed the management of ECOWAS Bank for Investment and Development (EBID) to…
Forex Inflows Drop 17% to $6.6bn
Nigeria’s challenges with scarcity of forex is becoming systemic as information shows that aggregate foreign exchange inflows into the economy…
Nigeria’s inflation rose for the sixth consecutive month to reach a 17-year high
The rise in food and airline ticket prices in Nigeria over the past year continues to show up in the data recently…
World Bank Warns That Nigeria is Facing Existential Threat
The World Bank on Wednesday raised the alarm that Nigeria might be facing an existential threat. This warning is in…
AMCON returns Standard Shoe Company Limited to Imo State Govt
Governor Hope Uzodimma on Friday recorded another feat in his administration as the Assets Management Company of Nigeria (AMCON) returned…
FG earmarks N1bn annually for NSIP, says Humanitarian Affairs Minister
The Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Farouq, has said $1 billion is being earmarked…