VAT allocations to states rise 74% to N423 billion in January 2026

by Research Team

Nigeria PMI hits 53.2, broad-based expansion sustains for 16 months

Ghana inflation falls to 3.2% in March 2026, lowest since 2021

Naira weakens to N1,387/$ as reserves fall to $49.29 billion in March

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Economy

News and analysis on the Nigerian economy

Industrial port scene with cargo containers

Exchange rate for cargo clearance jumps to N1605.8/$1

February 22, 2024

The Central Bank of Nigeria (CBN) has raised the exchange rate for customs clearance at ports from N1537.07 to N1605.82...

Senate president, Godswill Akpabio promises to encourage green tech, oil and gas expansion

Hardship: Each Governor receive extra N30 billion from FG to tackle food inflation – Godswill Akpabio

by Cyrus Ademola

February 21, 2024

The Senate President, Godswill Akpabio, has said that the federal government, through the federal inland revenue (FIRS) has remitted an...

Data war: Glo dwarfs MTN, Airtel others in subscribers’ growth over 5 months, Data war: MTN, Airtel, others lose over 7.99 million subscribers in 3 months

Inflation: Telecom tariff hike imminent as operators await NCC’s clearance

by Samson Akintaro

February 21, 2024

Telecommunications operators in Nigeria are preparing for a tariff increase for voice and data services, reflecting the current economic conditions. ...

FG finally hands over $1.3 billion Zungeru Hydroelectric power plant to private operator

FG to recapitalise Bank of Agriculture to boost food production

February 21, 2024

Vice President Kashim Shettima has revealed the Federal Government's intentions to revive the Bank of Agriculture (BOA) through recapitalization and...

Tinubu, Nigeria, World Bank

Tinubu to clear N342.3 million Aso Villa electric bill outstanding debt

by Cyrus Ademola

February 20, 2024

Tinubu has issued a directive for the immediate clearance of the N342.3 million outstanding electricity bill with the AEDC.

FG to raise $10 billion to boost FX liquidity -Tinubu

FG to raise $10 billion to boost FX liquidity -Tinubu

by Cyrus Ademola

February 20, 2024

President Bola Tinubu has stated that the federal government is looking to raise about $10 billion in revenue to boost...

FGN Bonds, bond, DMO set to auction N150 billion in FGN Bonds to investors , FGN Bond for February 2020 oversubscribed by investors, DMO suspends April 2020 FGN savings bond offer

FG raises N1.49 trillion in two FGN bonds offer, below target of N2.5 trillion

February 20, 2024

The federal government in February realised N1.49 trillion from the two FGN bond offer issued by the Debt Management Office...

AfDB, AI

Ghana and Nigeria to witness the slowest economic growth in West Africa 2024- AfDB

February 20, 2024

The economies of Ghana and Nigeria are poised to see the slowest economic growth in 2024 when compared to their...

Wale Edun

FG to audit the N22.7 trillion Ways and Means loan approved by former President Buhari

by Chike Olisah

February 20, 2024

The Federal Government has initiated moves to audit the N22.7 trillion Ways and Means loan approved by the immediate past...

self-employed

87% of working age Nigerians are self-employed – NBS

February 20, 2024

The National Bureau of Statistics (NBS) has disclosed that a staggering 87% of Nigerians within the working age bracket.

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