Economy

419 Articles
Economy

Nigeria Facing Existential Threat, World Bank Warns

In light of Nigeria’s dwindling revenue, the continued payment of trillions of naira on fuel subsidy by the government and the attendant economic...

Economy

Nigeria’s Budget Deficit Hits N30.58tn In Seven Years

Budget deficit has risen to at least N30.58tn in the last seven years. This is according to data from budget implementation reports for...

Economy

Revenue Falls By N1.89tn, Nigerians Face Tougher Times

Amid a projection by the Federal Government to spend a whopping sum of N6.7tn on fuel subsidy next year and a major shortfall...

Economy

Traders, Buyers Groan As Food Inflation Hits 20.60%

Traders and buyers in Lagos markets have expressed dismay over soaring prices of food items as Nigeria’s food inflation figures again recorded an...

Economy

FEC Approves N90.8b For Kashimbila-Takum-Chanchangi Road, Airport Equipment

The Federal Executive Council (FEC) has approved N90.8 billion for the rehabilitation of Kashimbila-Takum-Chanchangi road in Taraba and the procurement equipment for some...

Economy

FIRS Begins Nationwide Tax Compliance Campaign

The Federal Inland Revenue Service (FIRS) is to embark on a compliance exercise from July, 2022 on Value Added Tax (VAT) and Withholding...

Economy

World Bank Supports Ghana With US$145 Million To Improve Urban Services

The World Bank has approved additional financing of US$145 million International Development Association (IDA) credit for the Ghana Secondary Cities Support Programme. The...

Economy

World Economic Forum: World Leaders Pledge To Fight For Freedom And Values With History At A Turning Point

World leaders came together at the World Economic Forum Annual Meeting 2022 against a backdrop of deepening global frictions and fractures and a...

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