Economy
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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Lagos Chamber of Commerce (LCCI) Calls for Urgent Reforms to Revitalize Nigeria’s Mining Sector
The Lagos Chamber of Commerce and Industry (LCCI) has sounded an alarm over the underperformance of Nigeria's solid mineral sector,...
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Net Foreign Exchange Inflow into Nigerian Economy Increases by 7.3% in 2023
The net foreign exchange (Forex) inflow into the Nigerian economy saw a notable increase of 7.3 percent year-on-year, reaching $33.9...
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Nigeria’s Consumer Prices Rise to 33.20% Year-on-Year in March, Food Prices at 19-Year High
According to data released by the National Bureau of Statistics (NBS), consumer prices in Nigeria maintained their recent uptrend, rising...
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