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Nigerian President to Commission the Blue Line Rail Services.
The Nation has learned that President Muhammadu Buhari has agreed to officially open the Lagos Blue Rail on…
Mobile Subscriptions Increase by 23 million, Reaching 218 million.
According to the Nigerian Communication Commission's most recent industry figures, the number of mobile…
CBN External Reserves Decreased by $3.43 billion in 2022.
The Central Bank of Nigeria provided data showing a $3.43 billion decline in Nigeria's foreign reserves in 2022.…
NECA: Private Sector Pay Reviews are Based on Performance.
Contrary to the parameters available in the public sector, wage reviews in the private sector follow institutional…
Nigeria Presidential Panels Consume N15 billion In Five Years.
According to research by The PUNCH, between 2018 and 2022, almost N14.79 billion was set aside for presidential…
Nigeria: Economic Group Takes on The National Assembly Over The Finance Bill.
The National Assembly hasty adoption of the 2022 Finance Bill has alarmed an economic think tank, the Centre for…
World Bank: CBN Loan Repayments will Consume 62% of Revenue.
Despite the restructuring plan, the World Bank has predicted that interest payments on the Federal Government's…
10,053 Projects Provide Water to 37.3 million Nigerians, According to The FG.
The Federal Government and its partners in various states established 10,053 water supply schemes and projects in…
Nigeria Senate Committee Supports Coalition’s Call for N20/Litre Sugar Tax.
The National Action on Sugar Reduction Coalition (NASR) is advocating for an increase in the current tax on…
Nigerian Assembly Passes N21.8tn Budget.
The 2023 budget request was increased by N20.51 trillion to N21. 82 trillion by the National Assembly.…
Nigerian Reps Hinder A Planned $1 billion Oil Asset Auction.
The House of Representatives has requested that the Federal Government halt the planned $250 million auction of…
Nigeria’s Senate Approves The 2023 Budget but Defers a Decision On The…
The Nigerian Senate raised the budget for 2023 by 6. 4% to 21. 83 trillion naira ($49 billion) and postponed a…
Get Ready, The Lagos Blue Rail Line is Here.
Lagosians who live along the Lagos-Badagry Expressway and beyond are thrilled by the prospects that the first…
Emefiele Should Defend Himself, Group Says Regarding Terrorism Financing.
The South South Reawakening Group (SSRG) demanded that the Central Bank of Nigeria (CBN) Governor, Mr. Godwin…
Nigeria: Workers and Businesses can Dispute Tax Burdens.
Taxpayers have the right to appeal and protest tax obligations imposed on them by any government, according to a…
Passport Issuance Generate N438 billion for Nigeria Immigration.
The Nigeria Immigration Service has earned N438.78 billion in income since 2017. This occurred when the agency's…
World Bank Advises CBN to Review the RT-200 FX Policy.
Despite its best efforts, the World Bank has requested the Central Bank to reevaluate its RT-200 Program.The…
6,047 BVNs Are Being Monitored by CBN for Possible Fraudulent Transactions.
The Central Bank of Nigeria has placed at least 6,047 Bank Verification Numbers of bank clients on a watch list…
Shell will Pay 15 million Euros to Resolve the Nigerian Oil Disasters.
Shell (SHEL.L) will pay 15 million euros ($15. 9 million) to communities in Nigeria that were affected by multiple…
Nigeria Failed to Reduce Poverty in 2022, According to W’Bank
The World Bank Group has said that the estimated per capita income growth of 0. 7 per cent for Nigeria and the…
CBN Says Emefiele will be Unable to Honour Reps Invitation, has Health Challenges.
Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), will not be able to testify before the House…
Nigeria: Lagos Completes Infrastructure Work on the Blue Rail Line, Making…
Lagos State Governor, Babajide Sanwo-Olu officially boarded the coach of the recently finished Lagos Blue Line and…
Wells Fargo was Ordered to Compensate Customers $3.7 billion for Improper…
The largest-ever civil fine levied by the U.S. Consumer Financial Protection Bureau was levied against Wells Fargo…
Foreign Portfolio Investments in the Stock Market Reach Over 9-Year Low at 16.67%
Foreign portfolio investments in the Nigerian stock market decreased to 16.67% in the first 11 months of 2022, the…
Nigeria’s Imports of Wheat Decrease as Business with Russia Drastically…
In the first nine months of 2022, Nigeria imported durum wheat worth N753.6 billion, a 16.1% decrease from the…
Nigeria: FEC Grants N386.75 billion to the Ministries of Power, Works and…
The Federal Executive Council on Wednesday approved a total of N386.75bn for various projects in the federal…
NIMASA Attributes Rising Food Costs in Nigeria to Ship Insurance Issues.
The high cost of food in the nation has been attributed by the Nigerian Maritime Administration and Safety Agency…
Buhari Seeks a New N819 billion Loan, as Domestic Debt Rises to N22.5 billion.
As the Federal Government proposed a last-minute supplementary budget for the 2022 fiscal year, Nigeria's domestic…
Nigeria Misses OPEC Quota As Oil Production Shortfall Hits 6.9m Bpd In 11 Months.
Between January and November 2022, Nigeria's production of crude oil fell by 6.9 million barrels per day (bpd).…
NBS: In Q3, 2022, Nigeria FG Generated N625 billion in VAT.
In the third quarter of 2022, the federal government collected over N625.39 billion in Value Added Tax (VAT).
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