Economy

Lekki Free Trade Zone is Nigeria’s new economic powerhouse -Reps

The House of Representatives Committee on Commerce has described the Lekki Free Trade Zone Quadrant as the country’s new economic…

4 years ago

Nigeria’s inflation rate accelerates to 13 year high of 9.64% in July

Nigerian Consumer Price Index (CPI), which measures the inflation rate soared to 19.6% in July 2022, the highest since 2009,…

4 years ago

AfDB approves €50m Trade Finance Risk Participation Partnership with Societe Generale to support African banks, SMEs

The Board of Directors of the African Development Bank Group (https://www.AfDB.org/) approved on Wednesday, July 13, a €50 million partnership…

4 years ago

SERAP calls for enactment of audit laws to curb debt crisis in MDAs

The Socio-economic Rights and Accountability Project (SERAP) on Wednesday called on the Federal Government to enact an audit law to…

4 years ago

Access to finance for women, key to transformation of food system –AfDB

The African Development Bank Group (AfDB) says access to finance, markets and technologies for women will guarantee the full transformation…

4 years ago

Financial inclusion: Experts identify gaps in CBN’s target

Experts in the nation's financial sector have identified gaps in the set objectives by the Central Bank of Nigeria, CBN,…

4 years ago

CBN to introduce USSD code to improve eNaira

The Central Bank of Nigeria (CBN), says it is set to introduce the Unstructured Supplementary (USSD) code as part of…

4 years ago

Nigeria’s public debt rises  to N41.60trn

The Debt Management Office in Nigeria has said that the country’s total public debt stock increased to N41.60tn in the…

4 years ago

Nigeria’s capital importation dips by 17.46% in Q1 2022

The total value of capital importation into Nigeria in the first quarter of 2022 stood at US$1,573.14 million from US$2,187.63…

4 years ago

Nigeria’s foreign reserves dip to $38bn

Nigeria’s foreign reserves dropped to $38.483bn by May 31, 2022, a five per cent decline from $40.521bn reported by the…

4 years ago

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