Experts Raise Concern As Nigeria’s Inflation Falls To 17.38%
Economic experts have expressed concerns over the reported decline in the country’s inflation rate to 17.38 per cent in July.…
Category: Local
Govt To Borrow N5.62trn For 2022 Budget Deficit
The federal government has submitted a proposal to borrow N5.62 trillion to finance the budget deficit in the 2022 budget.…
Labour Seeks Special Allocation Of Forex To Manufacturers
Organised Labour has pleaded with the Federal Government to devise a special arrangement to ensure that foreign exchange, forex, is…
2022 Budget: FG Crashes Capital Expenditure, Despite Higher Earnings
The Federal Government’s fiscal operations in 2022 is set for contraction, despite higher oil earnings and earnings from increased exchange…
Oil Rises On Bargain-Hunting, Expectations That OPEC+ Will Not Boost Supply Soon
Oil prices rose on Tuesday, recovering from the previous day’s losses, as investors sought bargains and on expectations that major producers…
Nigerian Equities Beat Global Stocks With N371b Gain
Nigerian equities closed weekend upbeat ahead of other major global stock markets with increased demand for Nigerian shares fuelling a…
Economic Outlook Getting Better, Adedipe, Others Claim
Chief Consultant of B. Adedipe Associates Limited, Dr. Biodun Adedipe and Director, Monetary Policy Department of the Central Bank of…
Forex Scarcity, Others Put Pressure On FMCG Companies’ Profits
Analysts have identified scarcity of foreign exchange, inflationary pressures and rising input costs due to naira devaluation as responsible for…
Equities Market Declines By N9bn On Profit-Taking In Banking, Oil & Gas Stocks
Trading on the Nigerian equities market yesterday started the week marginally lower, as investors profit-taking in Banking and Oil &…
Firms With Untraceable Addresses Owe N17.69bn Tax In 2015 -FIRS
The Federal Inland Revenue Service confirmed that companies with untraceable addresses evaded taxes to the tune of N17.69bn, according to…
Nigeria’s Buhari Signs Bill To Overhaul Oil Industry Into Law
Nigerian President Muhammadu Buhari signed into law long-awaited legislation to overhaul the oil and gas industry in Africa’s biggest crude…
Nigerian Stocks Hit 14-Week High Amid Investors’ Wild Scramble For Shares Of Flour Makers
Nigerian stocks jumped 0.08 per cent on Friday, taking the benchmark index to 39,522.34 basis points, a height last reached…
Loss Of FDIs To Neighbours Worry Manufacturers As Challenges Linger
As prevailing economic challenges undermine investments and disposable incomes, local manufacturers have expressed concerns about the loss of investments to…
Rewane – How Nigeria Can Attract More Foreign Direct Investments
A member of the President’s Economic Advisory Council and Managing Director, Financial Advisory Council, Mr. Bismarck Rewane, in this interview provides…
Meet The Nigerian Artist Illustrating The Human Experience With A Ballpoint Pen
From a distance, Jacqueline Suowari’s larger-than-life portraits look like monochromatic photographs overlaid with colorful graphics. Upon closer inspection, you see…
Investors Chart Roadmaps For Federal Government Of Nigeria To Improve Non-Oil Sector’s Revenue Drive
LAGOS – Investors in the nation’s economy have called on the Federal Government to consider reform for key non-oil sectors of…
Nigeria Recorded $85.21bn Net Foreign Liabilities – IMF
Nigeria’s foreign liabilities stood at $187.36bn while the country’s foreign assets amounted to $102.15bn as of December 2020, the International…
APMDC Counters Shippers’ Council Over Claims Of Arbitrary Charges
The Associated Port Marine Development Company has denied allegations of arbitrary charges and charging in foreign currency levelled against it…
Experts Weigh Costs As Federal Government Plans To Unban Twitter
The Federal Government has hinted at a possible resolution to the suspension of micro-blogging platform, Twitter in Nigeria. Minister of…
Pension Assets To Hit N20trn In 2023 –Agusto & Co
The Nigerian pension industry’s net assets will hit the N20 trillion mark by 2023, recording an average growth rate of 18…
Federal Government Of Nigeria Okays $2.5m, N498.2m For Four Power Projects
The federal government has approved a total sum of $2.54 million and N498.23 million for four power projects across the…
Federal Government Reintroduces Toll Plazas, Nigerians To Pay N500, N200 Per Trip
The Federal Executive Council has approved the reintroduction of toll collections on some selected dual carriageways across the country. This…
The Nigerian Exchange Limited(NGX) Sustains Bullish Profile As Index Inches Further By 0.7 Per Cent
The Nigerian Exchange Limited (NGX) sustained rising profile, as more blue-chip stocks appreciated at price, resulting to a further increase…
AMCON Rubbishes Reports Of Possible Seizure Of Dangote Refinery
The Assets Management Corporation of Nigeria (AMCON) has rubbished reports that it was planning to take over the Dangote Refinery…
FG Generates N512 Billion VAT In Second Quarter Of 2021
The National Bureau of Statistics (NBS) says the federal government generated N512.25 billion as Value Added Tax (VAT) in the second quarter…
Analysis: Peak OPEC? Climate-Focused Production Shift To Pile Pressure On Pact
Moves to mitigate climate change are drawing peak oil demand closer, current and former OPEC officials told Reuters, potentially giving…
Senate Approves Framework Of $3.5 Trillion Budget Plan That Would Expand Medicare, Tax Credits And Climate Initiatives
Senate Democrats took their first step toward passing a $3.5 trillion spending plan as the party forges ahead with a…
FG Targeting 50 Billion-Barrel Oil Reserves – DPR
The target of the Federal Government is to increase Nigeria’s oil reserves from 36.91 billion barrels to 50 billion barrels…
Why Forex Supply To BDCs Cannot Be Sustained Now
Some of the main aims for the sales of forex to operators of licenced Bureau de Change outlets was to…
Nigeria To Exit Recession At Slow Growth Of 2.3% –GlobalData
Leading data and Analytics Company GlobalData, has predicted that Nigeria, Africa’s largest economy by GDP, will exit recession in 2021. GlobalData…