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Economy
Senate Moves To Establish Council On Economic Diversification, Tax Crimes Commission
A bill seeking to establish the Nigerian Council on Economic Diversification has scaled second reading in the Senate. The piece of legislation entitled:...
Nigeria Generates Over $3bn From Non-oil Export, Says NEPC
The Nigerian Export Promotion Council has said that the country exported non-oil products worth $3.455bn in the 2021 fiscal year. The Executive Director,...
Nigeria’s Inflation Hit 15.70% In February
The National Bureau of Statistics( NBS) said Nigeria’s inflation rate rose to 15.70% in February from 15.60% in January. The Bureau said this...
FTZ Investments Hit $20bn, FG Extends Licence Validity To Five Years
The Managing Director, NEPZA, Prof. Adesoji Adesugba, said that the choice of Lagos as its liaison office was based on purely economic considerations....
Ukraine-Russia War: Nigeria, Others May Face Commodity Supply Disruptions, Says IMF
Imf logo The International Monetary Fund says countries that have very close economic links with Ukraine and Russia are at particular risk of...
Qatari Investments In Nigeria To Hit N500b
The Ambassador of the State of Qatar to Nigeria, Dr. Ali Al-Hajri, says his country has stepped up efforts to increase investment in...
32% of Nigeria’s Flagged Projects Failed Loan Conditions –AfDB
The Director-General, Nigeria Country Department, African Development Bank, Mr. Lamin Barrow, says that 32 per cent of flagged project operations, meant to be...
Nigeria Failed To Increase Export Diversification Overtime –IMF
The International Monetary Fund says Nigeria has failed to diversify exports at an “extensive margin.” The IMF said this in its ‘Nigeria: Selected...
