Economy
FEC approves N203bn MTN takeover of Enugu-Onitsha Road
The Federal Executive Council, on Wednesday, approved MTN’s takeover of the construction of the Enugu-Onitsha Expressway at over N202.8bn under...
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N20.51tn 2023 budget undergoes second reading –
The Senate, on Wednesday, passed the N20.51tn 2023 budget for second reading. The budget was presented to the joint session...
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Collapsed Lagos port infrastructure missing in 2023 budget
Nigeria may lose its two major seaports to total infrastructure collapse as the Federal Government excludes Apapa and TinCan Island...
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FG approves Lekki-Epe airport, projects five million passengers
The Federal Government said on Monday that the Lekki-Epe international airport, upon completion, would cater for about five million air...
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IMF lowers Nigeria’s growth projection to 3.2%
The International Monetary Fund has lowered Nigeria’s 2022 economic growth projection to 3.2 per cent. This is 0.2 percentage points...
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Nigeria Decries Low Trade Level With Egypt
Nigeria on Monday decried her low level of trade with Egypt, two economic powers on the African continent. Nigeria’s ambassador to...
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Cashless economy expands as e-payment rise 26% to N271.6trn
The value of electronic payment transactions rose year-on-year by 26 percent to N271.6 trillion in the first nine months of...
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Senate approves 2023 – 2025 MTEF /FSP, kicks against N1.7trn subsidy recommendation
The Senate, yesterday, passed the 2023-2025 Medium Term Expenditure Frame Work and Fiscal Strategy Paper, MTEF /FSP. The approval was...
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Debt servicing on Nigeria’s Eurobonds rises by 86%
The amount spent by Nigeria on servicing Eurobonds and Diaspora bonds has risen by 85.67 per cent between the first...
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Nigeria’s economy to grow by 3.4, in 2022- CBN
Despite the economic outlook, the Central Bank of Nigeria (CBN) has urged Nigerians to keep hope alive as forecasts by...
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