All the 36 states of the federation contravened the guidelines of the DMO by contracting debts exceeding their 12-month revenues.
President Donald Trump has included Nigeria into a six-country ban list due to failure to meet required security standard.
States in Nigeria generated the total sum of N986.2 billion Internally Generated Revenue (IGR) between January and September 2019.
Currently, big tech players like the UK are outsourcing AI, robotics, and other related jobs to China, where the labour is much cheaper.
The Monetary Policy Committee of the Central Bank of Nigeria (@cenbank) has raised the Cash Reserve Ratio by 500 basis points to 27.5%. Meanwhile, other parameters such as Monetary Policy Rate, Liquidity ratio, and asymmetric corridor remain unchanged.
The World Bank has forecasted that Nigeria’s economy will further slowdown in 2020 with a growth of 2.1% amidst several policy uncertainties. On the other hand, the IMF disclosed that Nigeria’s economy will continue its sluggish trend. #IMF #WORLDBANK
Nigeria received $17.57 billion in direct diaspora remittances in 2019. According to data published by (@cenbank), remittances rose by 56.4% when it increased from $11.23 billion within the same period in 2018 to $17.57 billion in 2019.
Nigeria spent a whopping $1.31 billion to cover external debt obligations in 2019, as external debt service payment accumulated to $3.95 billion in the last 5 years (2015 - 2019). Data obtained from the (@cenbank) reveals
The House of Representatives has been deliberating on a bill that would lead to the creation of a law that appoints an Inspector General to enforce taxation and remittances to the Federation Account
Global bond traders who invested in Africa as the continent’s sovereign dollar debt has generated total returns of 20% since the start of 2019.
The Federal Government's (FG) revenue shortfall continue to pose a major challenge as monthly collected revenue fell short by N387.15 billion in November. This is disclosed in the latest Economic Report released by the Central Bank of Nigeria (CBN).
Nigeria’s crude oil and gas export receipts increased by 53% to $355.93 million, NNPC has disclosed in latest operations report.
The report stated that the agency, under Fowler, failed to collect taxes worth about N41 billion in Lagos as it has not been able to meet up with its target over the past four consecutive years
Latest banking sector report shows that non-performing loans in five major sectors rose to N143.76 billion as the end of September 2019.
Nigeria’s agricultural export sector experienced strong growth in 2019, according to the latest report released by the NBS.
Nigerians went on a Twitter rampage to express their displeasure over Buhari’s approval of N37 billion for the renovation of the NASS Complex.
Data from the National Bureau of Statistics reveal Nigeria's inflation rate rose year on year to 11.85% in the month of November 2019 the...
Later this week, NEITI will launch a register that will detail the full information of owners of oil and gas companies in the country.
The management of British Virgin Island firm, Process and Industrial Development (P&ID) will again have to defend the company in court in the United Kingdom as Nigeria...
The economy of ECOWAS grew by 3.1% as at the end of the second quarter of 2019 and it’s expected to hit 3.3% by the end of the year.
The rise in electricity tariffs in Nigeria is inevitable as the FG has introduced “Willing Seller, Willing Buyer”.