Economy
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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Food Commodity Prices Rise by 40.53% in April, NBS Data Reveals
The prices of food commodities in Nigeria surged by 40.53 percent in the month of April, according to data released...
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Consumer Credit Corporation (CREDICORP) Paves Way for Increased Access to Credit for Nigerian Businesses
Recent developments have brought renewed optimism for businesses in Nigeria seeking access to credit, as the Consumer Credit Corporation (CREDICORP)...
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Infrastructure Development: Federal Government targets pension funds, NSIA, MoFI to Prioritize Housing Sector Transformation
The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, affirmed the Federal Government's commitment to prioritizing infrastructural...
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Tax Reforms: To Exempt 95% of Informal Sector – FG
In a bid to bolster economic inclusivity and support small businesses, the Federal Government of Nigeria has proposed new tax...
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Nigeria’s External Debt Servicing Hits 70% of Dollar Payments in Q1 2024
Recent data from the Central Bank of Nigeria (CBN) has revealed that Nigeria allocated a staggering 70% of its dollar...
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US-Africa Summit: LASG Woos Foreign Investors, Says Lagos Is Ready For Business, Partnership
In its drive to increase the economic growth and consolidate its position as Africa's economic hub, Lagos State Government has...
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Nigeria-UK Trade Relations Stand at £7bn, Says British High Commissioner
The British High Commissioner in Nigeria Dr. Richard Montgomery says trade relations between Nigeria and the United Kingdom have reached...
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