Economy
News and analysis on the Nigerian economy
FG issues $500 million five-year domestic dollar bond at 9.75%
The Federal Government of Nigeria (FGN) has officially issued a $500 million domestic dollar bond, opening for subscription on August...
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Bayelsa confirms receipt of N10.8 billion from FG’s N570 billion NG Cares Fund
The Bayelsa State Government has confirmed receiving N10.8 billion as part of the N570 billion distributed by the Federal Government...
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FG to begin sales of crude oil to Dangote refinery in Naira from October 1 – Wale Edun
The Federal Government has announced that sales of crude oil to the Dangote Refinery in naira will begin on October...
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FG to meet N19.4 trillion revenue projection in 2024 – Zacch Adedeji
The chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has stated that the federal government is on track...
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Tinubu’s economic policies appear not well thought-out, may not attract investors – PEVCA
A new report by the Private Equity and Venture Capital Association of Nigeria (PEVCA) has stated that the recent policies...
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Kenya to reintroduce some tax measures from controversial finance bill to raise $1.2 billion
Kenya’s government says it is planning to reintroduce tax measures from a controversial Finance bill withdrawn in June after deadly...
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Average price of diesel declines by 5.71% in one month – NBS
The average retail price of Automotive Gas Oil (Diesel) paid by consumers decreased by 5.71%, dropping from N1462.98 in June...
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Weak naira gives government N2.74 trillion shared revenue boost in six months
The federal, state, and local governments collectively gained approximately N2.74 trillion in revenue from exchange gains during the first six...
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Nigeria engages World Bank for $500 million loan to support new health initiative
The Nigerian government is engaging the World Bank for a $500 million loan to support its recently approved Health Sector...
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Foreign investors wary of implementing $30 billion investment pledges over FX market instability – PEVCA
The Private Equity and Venture Capital Association of Nigeria (PEVCA) has stated that foreign investors are apprehensive about implementing the...
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