Economy
DMO raises N123b in July FG Bond Auction
The Debt Management Office (DMO) has raised N123.85billion in its July Federal Government of Nigeria (FGN) bond auction. A statement...
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Bank Customers with BVN Rises to 54.77m, Records 700,000 New Enrolments
Data released by the Nigeria Inter-Bank Settlement System (NIBSS) has revealed that enrolments for the Biometric Verification Number (BVN) by...
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FG Disburses N351.65bn in W’Bank’s SFTAS to Promote Fiscal Transparency in States
The federal government has so far disbursed a total of N351.65 billion grant to participating states in the last four...
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Marketers finally hike petrol price to N170-N190/litre
Premium Motor Spirit popularly known as petrol will now be sold between N170/litre and N190/litre in filling stations across the...
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Nigeria’s inflation overshoots World Bank projection by 20%
Despite raising its Monetary Policy Rate (interest rate), Nigeria’s inflation rate is now 20 per cent above the World Bank’s...
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Cutting UK taxes now would be a mistake says IMF
Tax cuts are being promised by several Conservative party leadership hopefuls, but a top official at the International Monetary Fund...
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Group tasks FG on incentives for Manufacturers
The National Union of Chemical, Footwear, Rubber, Leather and Non-Metallic Employees (NUCFRLANMPE) has tasked the Federal Government with incentives to...
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China’s economy didn’t bounce back in the second quarter, China Beige Book survey finds
Chinese businesses ranging from services to manufacturing reported a slowdown in the second quarter from the first, reflecting the prolonged...
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Fuel Scarcity: New Petrol price hits Motorists and passengers in Lagos
By Cleopatra Eki The queues are back. Nigerians are now paying ‘through their noses’ for PMS as fuel scarcity hits...
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FG Earns N19.2bn From Gold, Others in Q1
Despite Nigeria not having a robust extraction of gold deposits and production, the commodity fetched the federal government N10.3bn in...
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