2024: FG plans N26tn budget, debt servicing to gulp N8.25tn
The Federal Government is set to allocate a substantial portion of its proposed 2024 budget to personnel and debt service...
Capital Importation into Manufacturing Largely Loans, Bonds – LCCI
The Lagos Chamber of Commerce and Industry (LCCI) has highlighted that the capital invested in the manufacturing sector during the...
FG To Boost Local Manufacturing in Oil and Gas Industry
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, announced the federal government's commitment to stimulating the economy...
Remove fees on locally refined diesel, producers tell FG
Modular refinery operators in Nigeria have made an appeal to the Federal Government to eliminate numerous fees associated with locally...
Oil falls further on US stock build, easing supply concerns
Oil prices extended their decline for a third consecutive day on Thursday, as the market grappled with unexpected increases in...
IMF Forecasts 2.9% Slow Growth for Nigeria in 2023 Due to Inflation and Oil
The International Monetary Fund (IMF) has revised down its growth projection for Nigeria in 2023 to 2.9%, a 0.3% reduction...
Presidential Panel Plans To Reduce Tax Complexity And Informal Taxes
Mr. Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has expressed his intention to streamline...
CBN Supplies $5.78bn Foreign Exchange in H1, Down By 27%
The Central Bank of Nigeria (CBN) released its half-year financial market activity report, showing its net sale of $5.78 billion...
Nigeria’s Currency in Circulation Rises to N2.76 Trillion, Marking a YoY Decrease
Recent data published by the Central Bank of Nigeria (CBN) reveals that the amount of currency in circulation has reached...
Oil Prices Inch Up Amidst Middle East Uncertainty and Supply Disruption Concerns
Oil prices saw a modest increase on Wednesday as investors grappled with the potential for supply disruptions amid ongoing turmoil...
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