Finance
Stakeholders complain as exchange rates slides to N590 to dollar
The value of Naira has continued to nosedive as the exchange rate on the parallel market has reached N590/$1. The...
IMF: CBN should scale back credit intervention schemes
The Central Bank of Nigeria has been told to scale back its credit intervention programmes as they are likely to...
Nigeria saved N5trn from import reduction in four years
Nigeria saved about N5.03 trillion from import reduction in four years, from 2017 to 2020, Minister of Science and Technology,...
Delta to spend $40m on Songhai agriculture upgrade
The Delta State Government is to spend $40 million to upgrade agricultural activities at Songhai Delta in Amukpe under the...
Nigeria secures $15.6bn AfDB grant for Lagos-Ibadan Highway
The African Development Bank has secured $15.6bn for the construction of the Lagos-Abidjan highway corridor, which would ease transportation across...
Nigeria’s debt rose to N39.56trn in 2021 – DMO
Nigeria’s total public debt stock increased to N39.56tn in 2021 from N32.92tn in 2020. The Director-General, Debt Management Office (DMO),...
Soludo suspends revenue collection for one month
Revenue collections in Anambra State have been suspended for one month. Newly sworn-in Anambra State Governor Charles Soludo, who announced...
Nigeria to tap eurobond cash, local funds for fuel subsidy as oil prices rise
Nigeria plans to tap 2 billion euros ($2.2 billion) this month or next of the money it raised in a...
Consumer agency stops unlicensed, online banks from deducting interest on loans
The Federal Competition and Consumer Protection Commission (FCCPC) has directed unlicensed and illegal online money lending banks to stop charging...
Nigeria imports N1.9trn agric products in 2021 – NBS
Agricultural products imported into Nigeria in 2021 is valued at N1.97 trillion, representing an increase of 42% year-on-year compared to...