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…
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…
DMO lists N250bn sovereign Sukuk on NGX, FMDQ
The Debt Management Office (DMO) has listed a 250 billion, 10-year, 13% Ijarah Sovereign Sukuk due 2031 on the Nigerian…
FG begins sugar tax implementation
The Federal Government has started the implementation of the N10 taxation per litre of Sugar-Sweetened Beverages (SSBs) to reduce the…
Regional Income Can Grow by 9% To $571bn Courtesy of AfCFTA
The African Continental Free Trade Area (AfCFTA) has the potential to bring significant economic and social gains to the region,…
State’s Finances May Worsen as FAAC Allocation Declines by 30%
Revenue allocation to federal, state and local governments has declined from a peak of N970.57bn in July 2021 to N680.783bn…
FG increases tax on cigarette, shisha to 30%
The Federal Government has increased the tax on tobacco products including shisha and cigarettes from 20 percent to 30 percent.…