Economy
Naira Weakens, Ends Week in Decline
At both the official and parallel foreign currency markets, the naira ended the week lower than it started, trading above N1,600...
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FG aims to cut $4bn in textile imports, rejuvenates Nigeria’s garment sector
The Federal Government has reiterated its commitment to building a robust and responsive policy framework to support the growth of...
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FG to Set Up More Gemstone and Jewellery-Making Centres Nationwide
In order to encourage entrepreneurship in the mining sector and promote the local value-addition strategy, the Federal Government has reaffirmed...
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World Bank Approves $1.08bn Loan to Nigeria for Education, Nutrition, and Economic Growth
The World Bank has authorised three financing operations totalling $1.08 billion to support economic resilience, education, and nutrition in Nigeria....
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CBN Dismisses Claims of Introducing N5,000 and N10,000 Banknotes
The introduction of new N5,000 and N10,000 notes has been rejected by the Central Bank of Nigeria (CBN). According to...
Read moreDetailsWorld Bank grants Nigeria’s $1.13bn loan request
The World Bank has approved a total of $1.13 billion loan request for Nigeria. According to details from the bank’s...
Read moreDetailsNSIA Records ₦3.74 Trillion Revenue Over 12 Years
As of the end of 2024, the Nigeria Sovereign Investment Authority (NSIA) has produced around ₦3.74 trillion, indicating a consistent...
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IMF Raises Alarm: Millions of Nigerians Struggling in Dire Economic Hardship
Many Nigerians are facing challenging circumstances, according to the International Monetary Fund (IMF), which has called on the government to...
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Fuel Crisis Deepens: Marketers, Depot Owners Accuse Dangote Refinery of Blackmailing Nigerian Government Over Naira-for-Crude Policy
Amid the premium motor spirit pricing uncertainty, petroleum product marketers and depot owners in Nigeria's oil and gas industry have...
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Revenue Drop: FG, States, LGAs Split N1.6trn in February Amid N194bn Shortfall
The three tiers of government received N1.67 trillion in February, says the Federation Account Allocation Committee (FAAC). Comparing the amount...
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