Economy

Petrol scarcity looms as stations shut down in Lagos, others

Petrol scarcity looms as stations shut down in Lagos, othersPetrol scarcity has returned to…

Oil production hits 1.7 million barrels/day

Nigeria's oil production has climbed from 1.1 million barrels per day in August 2023…

Tinubu removes FCT from treasury single account

President Bola Tinubu has removed the Federal Capital Territory Administration from the Treasury Single…

CBN lifts ban on 43 items after eight years

The Central Bank of Nigeria has lifted the foreign exchange restrictions placed on 43…

Naira trades at N1,040/$ in parallel market

The value of the Nigerian naira hit a new historic low in the parallel…

Inflation to slow Nigeria’s economic growth – IMF

The International Monetary Fund has sounded the alarm regarding the adverse effects of high…

FG borrowed $1.21bn in Q1 2023 – Report

Nigeria's capital imports declined by 30.42% annually in the first half of 2023, from…

Stop depending on FG, deputy speaker tells states

The Deputy Speaker of the House of Representatives, Benjamin Kalu, has condemned Nigeria's reliance…

Germany-Nigeria trade hits €3bn in 2022

Germany's trade with Nigeria hit the €3 billion mark in 2022, up from €2…

Why Tinubu’s US Varsity certificate shows female – lawyer

A lawyer representing President Bola Tinubu in his Chicago State University saga, Wole Afolabi,…

FG targets 0.6% poverty rate, 6.3% unemployment rate by 2030

The Federal Government says it targets to reduce poverty rate to 0.6 per cent…

World Bank urges African countries to support local businesses

The World Bank has called upon countries in sub-Saharan Africa, including Nigeria, to implement…

N1.1trn to FG, states, LGAs in August

The Federation Account Allocation Committee has disbursed a total of N1.1 trillion to the…

Ebonyi, Abia top list as food prices jump by 31%

Food prices in Nigeria jumped by 31% in 12 months from July 2022 to…

FG attempt to attract foreign investors won’t yeild results – Peter Obi

The Labour Party's presidential nominee, Peter Obi, has stated that the Federal Government's attempt…