Economy
Nigeria’s Currency in Circulation Rises to N3.87 Trillion – CBN
The value of Nigeria's currency in circulation has surged to N3.87 trillion by the end of March, as indicated by...
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Nigeria’s Shea Exports Soar, Reaching N20 Billion in 2023
The Nigerian Export Promotion Council (NEPC) has revealed that Nigeria's exports of Shea products surged to over 17,000 metric tons...
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PMI Report: Nigerian Private Sector Inflationary Pressures Ease in April
The latest Purchasing Managers’ Index (PMI) report has revealed a moderation in inflationary pressures within the Nigerian private sector during...
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FG Directs Banks to Deduct Stamp Duty on Mortgage-backed Loans and Bonds
In a recent move aimed at bolstering fiscal performance, the Federal Government has instructed Deposit Money Banks to commence the...
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Federal Government Begins Due Diligence for $2.4bn Shell Asset Sale to Renaissance Africa Energy
The Federal Government of Nigeria has initiated a due diligence meeting for the proposed $2.4 billion asset sale by Shell...
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FAAC Disbursement Declines in April Amidst Revenue Challenges
The Federation Account Allocation Committee (FAAC) disbursed NGN 1.12 trillion to the three tiers of government in April, based on...
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Nigeria’s Fiscal Deficit Widens in 2023, Driven by Increased Expenditure
According to the Central Bank of Nigeria's Quarterly Statistical Bulletin, the fiscal deficit of the Federal Government (FG) expanded by...
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Industrialization key to diversification of the economy – Dangote
The Pan-African Conglomerate, Dangote Industries Limited (DIL) has emphasized the crucial role of industrialization in diversifying the economy. The Regional...
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Federal Government Revokes 924 Dormant Mining Licences
In a move aimed at revitalizing Nigeria's mining sector, the Federal Government has revoked 924 dormant licences spanning exploration, mining,...
Read moreFederal Government’s Deficit Spending Soars to N12.86 Trillion in 2023, Exceeding Budget Projections
The Federal Government of Nigeria experienced a significant surge in deficit spending in 2023, recording a year-on-year increase of 52.9...
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