Economy
News and analysis on the Nigerian economy
Intercity bus fares in Nigeria soar by 78.31% year-on-year in April 2024 – NBS
The average fare paid by commuters for intercity bus journeys in Nigeria surged by 78.31% year-on-year to N7,122.57 in April...
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FG offers N1 billion loan to large businesses at 9% interest rate – Wale Edun
Wale Edun has said that federal government is providing up to N1 billion in credit facility to large enterprises, including...
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Business conditions show improvement in May as Nigeria’s PMI rises to 52.1- Report
Nigeria’s Stanbic Purchasing Managers’ Index (PMI) rose to 52.1 in May on the back of improvements in business conditions as...
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Ghana gets World Bank’s approval for $250 million loan as Nigeria expects $2.25 billion this month
The World Bank has approved a $250 million International Development Association (IDA) credit for Ghana's Financial Stability Project.
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FIRS falls short of oil tax revenue target by N1.69 trillion in first four months of 2024
The Federal Inland Revenue Service (FIRS) has failed to reach the approved target for the 2024 budget of N9.96 trillion,...
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NIPC: Fouani, 11 other companies secure tax holidays in Q1 2024
The Nigerian Investment Promotion Commission (NIPC) granted tax holidays to 12 companies in the first quarter of this year under...
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Commuter bus fare drops 0.16% in April 2024, up 49.32% year-on-year – NBS
The average fare paid by commuters for bus journeys within Nigerian cities declined slightly by 0.16%, from N969.32 in March...
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FG has paid back N7.3 trillion of ways and means outstanding so far — Wale Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced that the federal government has settled...
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FG to establish 6 mineral centres across Nigeria to boost mining
The Federal Government has announced plans to establish six mineral centres in the six geo-political zones of the country to...
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FG yet to disburse N50,000 trade grant to over half a million applicants as May deadline lapses
The federal government through the federal ministry of industry, trade and investment is yet to disburse the N50,000 trade grant...
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