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States with the Highest Inflation Rates are Lagos, Ondo, and Bayelsa.
The three states of Ondo, Bayelsa, and Lagos had the highest rates of inflation in March 2023. NBS reports that…
NECA Rejects Tax Increases and Cautions the FG Against IMF Demands.
The International Monetary Fund's recommendation that the Federal Government raise taxes in order to reduce…
Employees Moved N663 billion to Other PFAs – PenCom
Since the National Pension Commission opened the transfer window, 168,768 employees have switched Pension Fund…
Dangote Sugar Pays a Dividend of N18 billion.
Despite the economic difficulties that characterized the 2022 financial quarter, Dangote Sugar Refinery Plc said…
World Bank: 96% of Nigeria’s Revenue Utilized to Repay Debt in 2022.
Nigeria is in a more precarious position now than it was before the late 2021 global oil price boom. In 2022, the…
Aviation Workers Plan Strike Over Minimum Wage.
Due to the Federal Government's unwillingness to release the reviewed condition of service that was negotiated…
World Bank: Africans in diaspora remitted $95.6bn in 2021.
The managing director of Shelter Afrique, Mr. Thierno-Habib Hann, stated at the 25th Annual Harvard Africa…
FG: Fuel Subsidies and Oil Theft Consumed N29tn.
According to the Federal Government, N13 trillion was spent between 2005 and 2021 subsidizing Premium Motor…
CBN Moves to Invest Unclaimed Funds in Dormant Accounts in T-bills.
According to a proposal made by the Central Bank of Nigeria, banks should move money from accounts that have been…
Naira Appreciates to N737/$ at Parallel Market as Dollar Demand Slows.
On Wednesday, the parallel foreign exchange (FX) market, also known as the black market, saw naira rise to N737…
DMO Reopens Four N360 billion Bonds at a Price of N 1,000 each.
Four Federal Government of Nigeria bonds worth N360 billion have been posted by the Debt Management Office for…
FG Promises to Penalize Online Banks for Privacy Violations.
Customers of digital lenders have been promised by the federal government through the Federal Competition and…
CBN Redesign should Permit Low Interest Rates – Economist.
Basil Odilim, a development economist, has urged the Central Bank of Nigeria to be redesigned to make way for a…
Accountant General Under Investigation by the Senate for N74 billion.
The Accountant of the Federation is being investigated by the Senate for handing out N74 billion in social…
Nigeria to Pay back $800million World Bank Loan for 25 Years.
The World Bank granted a loan of $800 million as a subsidy palliative, and the next administration, led by Major…
FG Approves N23 billion for Roads and Third Mainland Bridge Repairs.
The Third Mainland Bridge in Lagos State will get a total of N23.33 billion in funding for surface maintenance.…
IMF Calls on Nigeria to Increase Tax, Decrease Borrowing.
The International Monetary Fund (IMF) has once again advised Nigeria to intensify efforts to expand the tax base,…
Nigeria Signs an MoU to Upgrade the Aviation College.
The Nigerian College of Aviation Technology, Zaria's profile as a top-tier training facility will be enhanced…
N’Assembly Demands Jail Time for Those Who Advocate Ponzi Schemes.
The Investment and Securities Bill, which might result in jail time for people in Nigeria who advocate Ponzi…
FG Fines Oil Companies N22 billion for Gas Flaring.
The Federal Government will punish oil and gas companies operating onshore for flaring 24 billion SCF of gas…
FG Seeks to Eliminate Multiple Road Taxes and Promote Road Safety.
According to the Federal Government, it is attempting to do away with different road taxes in order to encourage…
Despite Receiving N6tn in Subsidies, Fuel Prices have Increased by 81%.
According to National Bureau of Statistics figures analyzed by our correspondent, the cost of Premium Motor…
Railroad Employees are Enthusiastic about a 95% Pay Raise.
Com Segun Esan, the Secretary-General of the Nigerian Union of Railway Workers, highlighted the optimism of…
IMF Advises CBN to Maintain a Strict Monetary Policy to Control Inflation.
The Central Bank of Nigeria (CBN) was given a recommendation by the International Monetary Fund (IMF) to continue…
Public Debt Stock Increased 4.96% to N46.25 trillion in Q4.
In the fourth quarter of last year (Q4 2022), the overall public debt stock of the nation climbed by 4.96 percent…
22 Nigerian Universities Receive a N5 billion Grant from AbdulSamad Rabiu.
The Abdul Samad Rabiu Africa initiative has disbursed a grant of N5.5 billion to 22 academic institutions in…
President Buhari Grants Ekiti Free Trade Zone Designation.
The Ekiti Knowledge Zone project of the Ekiti State Government has received approval from the President, Major…
NPC will Spend Roughly N3 billion on Transmitting Census Data.
The NPC said in January that 786,741 functionaries would be educated for the census of 2023. However, the NPC…
NCAA Increases Airlines Penalty to N10 Million.
The maximum penalty for airlines is N10 million, while the minimum is N1 million, according to the Nigerian Civil…
SEC Moves to Prioritize the Updated Capital Market Master Plan.
The First Capital Market Committee meeting in 2023 will be dominated by the implementation of the updated master…