Economy

Nigeria spends N601.51bn on cars importation in H1 2021

Nigeria spent a total of N601.51 billion on the importation of motor vehicles in the first half of the year…

5 years ago

Court halts collection of VAT in Rivers State

The Court of Appeal in Abuja has stopped the collection of Value Added Tax, VAT by the Rivers State government…

5 years ago

Ogun achieves 90% IGR as of June 2021

The Ogun State Government says it is already on a steady path to economic recovery as against the backdrop of…

5 years ago

President Buhari tasks NSIA on more investments

President Muhammadu Buhari has charged the new board of the Nigeria Sovereign Investment Authority (NSIA) to make more investments that…

5 years ago

Banks loan-to-deposit ratio still below regulatory threshold

The average loan-to-deposit ratio of the Nigerian banking industry is still below the 65% regulatory benchmark set by the Central…

5 years ago

FAAC: Nigeria’s three tiers of govt share N760.717bn in July

The Federal Government, 36 States, the Federal Capital Territory and 774 Local Government Areas shared N760.717 billion as of July…

5 years ago

Nigeria govt generates N2.23 trillion revenue as of June

The Minister of Finance, Mrs Zainab Ahmed, has disclosed the Federal Government of Nigeria raked as retained revenue which amounted…

5 years ago

Nigeria’s inflation decelerates for fourth consecutive month to17.38% in July

Nigeria’s inflation rate slowed down for the fourth consecutive month in July amid a decelerating increase in food prices, latest…

5 years ago

Budget: Reps want MDAs income, expenditure details

The Nigerian House of Representatives has stressed the need for all government’s Ministries Departments and Agencies, MDAs, to provide details…

5 years ago

CBN gives reasons for Naira devaluation

The Central Bank of Nigeria (CBN) has explained that COVID-19, shortage in foreign exchange supply and other factors were responsible…

5 years ago

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