Economy
News and analysis on the Nigerian economy
FG raises N627 billion in April bond auction amid competitive yields
The Debt Management Office (DMO) has disclosed that Federal Government of Nigeria raised N626.813 billion in its April 2024 FGN bond...
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FAAC: FG, states, LGAs share N1.123 trillion for March
The Federation Account Allocation Committee (FAAC) has announced the distribution of N1.123 trillion to various levels of government for March...
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90% of Nigeria’s tax revenue comes from only nine taxes – Wale Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, stated that approximately 90% of the tax revenue...
Read moreDetailsFG targets reduction in interest rate to attract investment – Wale Edun
The federal government is looking towards a reduced interest rate to attract investments and grow the economy according to the...
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Nigeria to become Africa’s fourth largest economy in 2024 – IMF
Nigeria is projected to slip to the fourth largest economy in Africa in 2024, behind South Africa, Egypt, and Algeria,...
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Excess crude account: FG earmarks N16.1 billion monthly to settle states’ N1 trillion debts
The Federal Government of Nigeria has committed to a monthly payment of around N16.1 billion over an eight-year period, aimed...
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NSIA invests $500 million in domestic infrastructure projects in Nigeria
The Managing Director of the Nigeria Sovereign Investment Authority (NSIA), Aminu Umar Sadiq, has announced an investment of over $500...
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Top 10 states with highest percentage of child labour in Nigeria
A new report from the National Bureau of Statistics (NBS) has disclosed the state of child labour across Nigeria. The...
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Chinese govt writes off interest-free loan given to Zimbabwe
China has written off an undisclosed amount of Zimbabwe’s interest-free loans and pledged to help the country navigate its way...
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Rising inflation, weak earnings push 10 million Nigerians into poverty in 2023 – World Bank
Rising inflation and weak earnings have pushed 10 million Nigerians into poverty in 2023, according to the World Bank in...
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