Dollar Trades at A Discount Against Naira in Black Market.
The naira is trading higher on the black market for the first time since 2015, exactly one week after the…
Day: June 21, 2023
FG and Others Share N2.84 trillion in FAAC.
In the first four months of this year (January to April), the Federal Government (FG), 36 States, and 774 Local…
Food Export Rejection: Nigeria Sets Up Quality Center, Attempts To Reverse N539 Billion Losses
In December 2022, Prof. Benedict Oramah, the chairman of the African Export-Import Bank (Afrixembank), revealed that Nigeria lost an estimated…
Leading Imports Include Wheat, Sugar, and Petroleum Goods.
Despite the limited access to petroleum products that Nigerians had in the first quarter of 2023 (Q1’23), With a total…
FGN Bonds’ Value Decreased by 93.2% to N183 billion.
In comparison to the same period in 2022, the value of listed Federal Government of Nigeria bonds on the Nigerian…
States start the process of establishing utility commissioners under the Electricity Act of 2023.
There are significant signs that the state governments, which are considered to be federating units under the constitution, may have…
Removal of Subsidies: NEITI Investigates Gasoline Usage Data.
Despite the criticism to the action, the Federal Government shouldn’t reverse its decision to end subsidies on Premium Motor Spirit,…
Nigeria’s Exports Increase to N42 trillion as a Result of the Naira’s Depreciation.
After the Central Bank of Nigeria floated the naira, the value of Nigeria’s exports might increase to at least N41.99…
UK to Lower Import Taxes on Nigerian Goods.
The UK has stated that it is prepared to lower tariffs on goods coming from Nigeria and other emerging nations.…
Operators Attribute Airfare Increase to Currency Fluctuations and a Shortage of Aviation Fuel.
The recent increase in airfares was caused by a paucity of foreign currency and aviation fuel, according to the Airline…