Economy
MPC Urges Strategic Reforms to Attract Sustainable Foreign Direct Investment in Nigeria
Members of the Monetary Policy Committee (MPC) have called for concerted efforts by the Central Bank of Nigeria (CBN) and...
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Increased Loan Inflows Drive 19% Surge in Nigeria’s Capital Importation in January 2024
Capital importation into Nigeria saw a significant boost in January 2024, increasing by 19% month-on-month (MoM) to $330 million from...
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Nigeria’s Commodity Terms of Trade Decline in Q1 2024 Amid Rising Import Values
The National Bureau of Statistics (NBS) has reported a decline in Nigeria's commodity terms of trade (ToT) by 0.12 percentage...
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UK Headline Inflation Slows to 2.0% in May, Lowest Since July 2021
The Office for National Statistics (ONS) has reported a notable slowdown in headline inflation in the UK, which decelerated by...
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Nigeria Secures $925M Lifeline from Afrieximbank Amidst Naira Depreciation
As the naira continues to weaken, nearing the 1,500/dollar band in both the official and parallel foreign exchange markets, the...
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Private Sector Growth Improves in Nigeria as PMI Rises to 52.1 in May
The business environment for the private sector in Nigeria showed signs of improvement in May, with the Purchasing Managers’ Index...
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DMO Raises N4.9 Trillion for Ways and Means Securitisation, Secures N4.5 Trillion for Budget Deficit
The Debt Management Office (DMO) has successfully raised N4.9 trillion out of the N7.3 trillion approved for the securitisation of...
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NDIC Secures Winding Up Orders for 96 Defunct Microfinance and Mortgage Banks
The Nigeria Deposit Insurance Corporation (NDIC) has announced that it has successfully secured winding up orders for 96 out of...
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FAAC Disburses N1.208 Trillion to Government Tiers for May 2024
The Federation Accounts Allocation Committee (FAAC) has disbursed N1.208 trillion to the three tiers of government as revenue for May...
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FIRS Generates N3.94 Trillion Tax Revenue in Q1 2024, Falls Short of Target
Dr. Zacch Adedeji, the Executive Chairman of the Federal Inland Revenue Service (FIRS), revealed yesterday that the service generated a...
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