Economy

Naira Redesign: 'Redesign or repainting' Nigerians react Some Nigerians on social media have reacted to the unveiling of the new currency by the federal government. According to many Nigerians on social media, what the federal…

Emefiele explains features of new naira notes The Central Bank of Nigeria Governor, Godwin Emefiele has explained the features of the redesigned notes. Emefiele told State House Correspondents that it was in line with global best…

Naira Redesign: CBN pledges to protect interests of rural dwellers The Central Bank of Nigeria (CBN) has pledged to protect interests of millions of unbanked and underserved Nigerians, who mostly reside in the rural areas. The apex…

Rising Inflation, Depreciation: FG considers supplementary budget The Federal Government may present a supplementary budget to the National Assembly due to a further depreciation of the naira and galloping inflation that have made the…

NPA inaugurates first export processing terminal in Lagos The Nigerian Ports Authority (NPA) has inaugurated the first export processing terminal, Diamond Star Export Processing Terminal in Lagos. It was gathered that the terminal…

Reps Committee probes oil companies, summons FIRS over tax evasion The House of Representatives Ad hoc Committee Investigating the Structure and Accountability of the Joint Venture (JV) Businesses and Production Sharing Contracts (PSCS)…

Lagos to borrow N350bn to sustain 2023 budget The Lagos State Governor, Babajide Sanwo-Olu, on Thursday presented N1.693 trillion 2023 Appropriation Bill to the House of Assembly. Of the proposed 2023 expenditure, N1.343 trillion…

World Bank, IMF to assess Nigeria’s debt sustainability The President of the World Bank Group, David Malpass, has said that the bank will work with the International Monetary Fund to assess Nigeria’s debt sustainability. Malpass said…

NESREA says mining sector critical to Nigeria’s economic development The National Environmental Standard Regulation and Enforcement Agency (NESREA) says the mining sector will play a significant role in the Federal Government’s efforts to…

Dangote Boosts Abuja Trade Fair The Dangote Group has been described as a significant premium player as over 300corporate exhibitors are participating in the 17th Abuja International Trade Fair (AITF) that is expected to be declared open…