Committee (FAAC) has recently disclosed the distribution of N1.208 trillion to different government tiers for the month of May 2024. This allocation, derived from several revenue streams such
Category: ECONOMY
Nigeria’s inflation rate rises to 33.69% as food prices surge
The National Bureau of Statistics (NBS) says Nigeria’s inflation rate rose to 33.69 percent in April, as prices of food and non-alcoholic beverages soared. The NBS shared
Buy now, pay later: 1.9m Nigerians applied to join consumer credit scheme – MD
The Managing Director and Chief Executive Officer, Nigerian Consumer Credit Corporation, Uzoma Nwagba, has said that over one million Nigerians have submitted applications for the
Nigeria must diversify to attract investment, boost trade — Okonjo-Iweala
The Director-General of the World Trade Organisation, WTO, Dr Ngozi Okonjo-Iweala, said Nigeria needs to continue diversifying to attract investment and boost trade surplus. Okonjo-Iweala stated this while
The Days Of Being Above The Law In Paying Taxes Are Over – FG
The federal government said that the days of being above the law in paying taxes are over. The Chairman of the Presidential Fiscal Policy and Tax
Manufacturing export limps as revenue drops 166% to N778bn
Nigeria’s quest for diversified foreign exchange earnings away from oil not feasible for now as revenue from the manufacturing export sector plunged 166 per cent to N778.4
‘Nigerians Need Jobs, Security, Electricity, Education, Not Hope’ – Catholic Priest Tells Tinubu
A renowned Priest of the Catholic Archdiocese of Abuja, Rev Fr Chinenye Oluoma, has lamented the state of the nation under the incumbent administration led
Labour to picket NERC, DisCos offices today over electricity tariff hike
(NLC) and the Trade Union Congress (TUC) have vowed to embark on the planned picketing of the office of the Nigerian Electricity Regulatory Commission (NERC) and distribution companies (DisCos)’s premises nationwide
Nigeria Currency Naira now worst performing currency in the world – Report
Blomberg’s recent report has revealed that Nigeria’s currency, the naira, has emerged as the world’s worst performing currency in the past month. The currency took
Forex: CBN directs OPay, Palmpay, Kuda Bank, and Moniepoint to stop registering new customers
The Central Bank of Nigeria, CBN, has ordered four fintech companies to stop onboarding of new customers pending further notice. The affected fintechs- OPay, Palmpay, Kuda Bank, and Moniepoint have