Economy

FAAC disburses N682.06bn as allocation for August 2020

The Federation Accounts Allocation Committee (FAAC) has disbursed the sum of N682.060 billion among the three tiers of government for…

6 years ago

FIRS received N438bn from non-oil sector in July

The Federal Inland Revenue Service (FIRS) recorded a significant increase in collectable tax revenue from the non-oil sector of the…

6 years ago

Nigeria’s GDP contracts by 6.1% in Q2

The Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, has reported to the Federal Executive Council (FEC) that…

6 years ago

Nigeria’s economy will recover in Q1 2021 – FG

The Federal Government has declared that the Nigerian economy will recover from the effect of the COVID-19 pandemic in the…

6 years ago

Borrowing to fund infrastructure is justified – Buhari

President Muhammadu Buhari has justified his administration’s borrowing to finance infrastructure, saying that government took the loans in the interest…

6 years ago

Naira continies plunge, exchanges for N460

The naira continued its downward trend, as it exchanged for the dollars at N460 in the parallel market on Tuesday,…

6 years ago

Nigeria’s inflation hits 13.2%, highest in 2 years

Nigeria’s inflation rate rose to 13.22% in August 2020 from 12.82% in the previous month, the National Bureau of Statistics…

6 years ago

Private tank farms responsible for refineries’ collapse – IPMAN

The Independent Petroleum Marketers Association (IPMAN) has said that the collapse of Nigeria’s refineries can be traced to the birth…

6 years ago

Stop forex sales for food, fertilizer imports – Buhari to CBN

President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) not to sell Foreign Exchange (FOREX) to importers of…

6 years ago

Banking sector made N263.78trn electronic transactions in Q2 – NBS

The National Bureau of Statistics (NBS) has revealed that the banking sector recorded a total volume of 2,160,436,659, amounting to…

6 years ago

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