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Economy
Nigeria’s Exchange Rate Strategy Discourages Investors, Increases Inflation – World Bank
The World Bank says the Nigerian government’s exchange rate management policies are discouraging investments and fuelling inflation in the country The bank disclosed...
Nigeria Targets $1.2b Export Capacity For States
The National Action Committee, African Continental Free Trade Agreement (AfCFTA) has emphasised the need to cascade down its activities to the subnational level...
External reserves Resume Decline, Lose $410m In 17 Days
After rising by a record $5.05bn last month, Nigeria’s external reserves dropped by $410m in the past 17 weeks, the latest data from...
FG Approves N656b Budget Support Facility For States
President Muhammadu Buhari has approved N656 billion Bridge Financing Facility for the 36 States. Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed, disclosed this on...
Nigeria’s Remittance Inflow Rebounds, Hits $17.6bn, Says W’Bank
Nigeria’s remittance inflow is set to hit $17.6bn and push inflows to Sub-Saharan Africa to $45bn in 2021, a new report by the...
Inflation May Push 91 Million Nigerians Below Poverty Line – W’Bank
The World Bank says the general increase in food prices which occurred between June 2020 and June 2021 may have increased the percentage...
FG, States, LGCs Share N671.9b For October
The Federal Government, States and Local Government Councils (LGCs) on Wednesday, shared N671.910 billion as Federation Accounts Allocation Committee (FAAC) for October. According...
Nigeria’s Inflation Drops To 15.99% — Seventh Consecutive Decline In 2021
The National Bureau of Statistics (NBS) yesterday said the inflation rate reduced to 15.99% in October 2021. It made this known in its...
