Economy

NEPC, NAQS partner on treatment of hibiscus for export The Nigerian Export Promotion Council (NEPC) says it will partner with the Nigeria Agricultural Quarantine Service (NAQS) on the…

Nigeria’s CPI hit 19.64% in July 2022 Nigeria’s Consumer Price Index (CPI), which measures the level of price change in goods and services, hit 19.64 per cent in July 2022 from the 18.60…

Amid fiscal risks, FG borrows N2.45tn from CBN The Federal Government’s total borrowing from the Central Bank of Nigeria through Ways and Means Advances rose from N17.46tn in December…

Naira gains against dollar The Naira on Tuesday appreciated against the dollar at the Investors and Exporters window, exchanging at N428.75. The figure represented an increase of 0.52…

China intensifies crackdown on cryptocurrency hype, speculation China’s internet watchdog on Tuesday said it had intensified a crackdown on illegal online information that may lead to…

Economy: Nigeria tops World Bank debtors’ list Rising debt has pushed Nigeria up the World Bank’s top 10 International Development Association borrowers’ list. The World Bank Fiscal…

Naira appreciates against the dollar, trades N695 at parallel market The Naira on Monday appreciated at the parallel market, as it exchanged for N695 for one dollar, representing a gain…

Exchange rate falls further to N718/$1 at black market Naira has depreciated to a record low at the black market after the local currency closed trading on Thursday at N718/$1 compared to…

Telecom subscribers to pay 5% tax on call, text, data, says FG The Federal Government has disclosed that telecommunications subscribers would pay five per cent tax on calls, SMS and data…

FEC approves Nigeria Air’s lease of aircraft to commence operations The Federal Executive Council (FEC) says an approval had been given for the new national carrier, Nigeria Air, to lease…