The FG, @AsoRock has collaborated with the United Nation Development Programme (UNDP) and Global Environmental Facility (GE) to earmark the sum of $58 million for investment in agriculture.
Depot-owners, under the aegis of Major Oil Marketers Association of Nigeria (MOMAN) and Depot and Petroleum Marketers Association of Nigeria (DAPMAN), have voiced their displeasure at the new price regime on petrol, seeking to hike the product to N117 per litre from N111.
The @cenbank revealed it has recovered over N35 billion from Commercial Banks, being part of the reported N20 trillion unremitted stand duty. CBN's Mallam Abubakar Kure disclosed this on Wednesday in Abuja
The Securities and Exchange Commission (SEC), has warned Nigerians to beware of the fraudulent activities of Loom Money Nigeria promoters.
The NCC, have finished preparations to host the maiden edition of Nigerian Telecom Leadership Summit (NTLS 2019) scheduled to hold in Lagos next week.
The @cenbank disclosed that over N190 billion has been disbursed to more than 1.1 million smallholder farmers through the Anchor Borrowers Programme. This was disclosed, yesterday, by the CBN Governor, Godwin Emefiele
The Federal Government, rising from its Federal Executive Council meeting on Wednesday, concluded plans to take a fresh $1 billion foreign loan facility aimed at bankrolling the Gurara II Hydropower project.
The average price per litre of Kerosene in Nigeria increased to N316.26 in April 2019, compared to N303.94 recorded in March. This indicates that the Average price per litre paid by consumers for National Household Kerosene increased by 4.06 percent month on month and 13.57 percent year-on-year.
Breaking: The Nigerian Senate has confirmed the re-appointment of the Central Bank of Nigeria Governor, Gowin Emefiele.
The Transmission Company of Nigeria (TCN), has declared war on the Trade Union Congress (TUC), pledging to fight against the Union's intention to disrupt power transmission with protests.
Nigeria's Inflation increased 0.12% from the previous rate of 11.25% YoY, being the first increase after three consecutive declines in inflation rate for 2019.
The founder of Process and Industrial Development (P&ID), Brendan Cahill has disclosed that the company is open to settling its disagreement with the Federal Government amicably despite a court scheduled for next week.
The average pump price of premium motor spirit (Petrol) increased by 0.4% in April 2019. This is revealed in the latest PMS price watch data released @nigerianstat.
A CBN report has revealed that the serving of domestic debt instruments cost the Federal Government a whopping N1.799 trillion in 2018.
Maikanti Baru said the Nigerian National Petroleum Corporation has retrieved $1.6bn savings from the Nigerian Petroleum Development Company
Some financial and economic experts have asked the Central Bank of Nigeria (CBN) to ready itself for an independent audit.
Petroleum price may go up in just a matter of weeks, even as Nigerians have been advised to brace up for the negative effects such a development would have on the economy.
The Federal Government has offered a fresh bond of N100 billion. To effect this, the DMO has been authorised to receive applications for the bond.
The consumer price index, which measures inflation, rose to 11.37% in April 2019, according to the monthly inflation report released by @nigerianstat. The rise in April's inflation rate represents the first time inflation increased in three months.
The facilities of Saudi Aramco suffered setback early Tuesday morning after explosive-laden drones attacked two pumping stations belonging to the state-owned oil company.
The summary of Pension Fund Assets shows that Pension contributors hit 8.56m in February 2019. When compared to the 8.4m plus contributors that had been maintained since December, there's an increase.
Visa applications by DHL will no longer be accepted in Nigeria, as the U.S embassy in Nigeria indefinitely suspends interview waiver.
The Bank of Industry (BoI), reportedly disbursed a total of N259.6 billion to support Nigeria's industrialisation between January and December 2018.
FG have disclosed that the country's infrastructure was not mortgaged in the loan agreement between the country and China-Exim bank.
Nairametrics' summary of the daily performance of major economic indicators and highlights from trading sessions and key statistics such as Treasury Bills, is brought to you by Zedcrest.
While this is still an allegation, the FG should not push this over, because a corrupt Central Bank of Nigeria is capable of grounding the economy to a halt
The Federal Executive Council has approved road contracts worth N35.944bn in six states of the federation, the Federal Ministry of Power, Works and Housing announced on Sunday.
Thirty-five States will struggle to fund their budgets, as the Federal Government's earnings declined in the first quarter of 2019 after the Federation Allocation Account Committee (FAAC) recorded a drop in its disbursement, posting N1.929 trillion.
The money market rate increased last week as the Overnight rate (OVN) and Open Buy Back (OBB) rose to 10.00% and 9.14% from 5.93%.
Nigeria's trend of inflation drop will continue in April 2019. This is according to a forecast by FSDH Merchant Bank, that inflation will decline to 11.23%.