Economy

Nigeria reiterates commitment to bridging infrastructure deficit

Mrs. Patience Oniha, Director-General of the Debt Management Office (DMO), on Thursday reiterated the Nigerian Government’s commitment to closing the…

4 years ago

Nigeria spent N2.05trn to service domestic debt in 2021-DMO

Nigeria spent a sum of N2.05 trillion to service its domestic debts in the year 2021, representing an increase of…

4 years ago

Currency in circulation drops by 1.2% to N37.94 bn in Feb

The latest data from the money and credit report of the Central Bank of Nigeria (CBN) has shown that currency…

4 years ago

President Buhari reiterates commitment to improved tax administration

President Muhammadu Buhari has expressed the Nigerian government’s commitment to an efficient tax administration in order to improve tax revenue…

4 years ago

Only 17% of Nigerian workers’ wages are above poverty level

The World Bank Group has urged that deep structural reforms guided by evidence are urgently needed to lift millions of…

4 years ago

Nigeria’s capital importation down by 31% to $6.7bn in 2021

Capital importation into Nigeria fell by 31 per cent to $6.7 billion in 202, from $9.68 billion in 2020, the…

4 years ago

Nigerian Central Bank leaves interest rate unchanged at 11.5%

The Central Bank of Nigeria (CBN) has retained the benchmark interest rate at 11.5% since the last quarter of 2020…

4 years ago

Mines ministry contributes N7.8bn to GDP –official

The Ministry of Mines and Steel Development (MMSD) said on Monday that it contributed N7.8 billion to the country’s Gross…

4 years ago

MAN warns against impact of diesel of cost of goods & services

The Manufacturers Association of Nigeria (MAN) has warned that the high costs of diesel used by manufacturers in Nigeria may…

4 years ago

West Africa food economy to reach $480bn by 2030, says UN

The UN Resident and Humanitarian (UNRH) Coordinator in Nigeria, Matthias Schmale, says the food economy in the West African and…

4 years ago

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