Naira gains at investors, exporters’ window
The Naira on Wednesday appreciated against the dollar, exchanging at N782.49 at the investors and exporters window. The Naira gained by 0.75 per cent when compared with N788.42 for which it exchanged for the dollar on Tuesday. The open indicative…
Nigeria’s Capital Importation Rises By 6.78 Per Cent To $1.13bn In Q1 2023
Capital importation into Nigeria rose by 6.78 per cent to $1.13 billion in the first quarter of 2023, the National Bureau of Statistics reports on Monday. The capital moved upward in Q1 2023 to $1.13 billion from 1.06 billion recorded…
Telecoms Investment In Nigeria Worth $75.6bn – NCC EVC Danbatta
The Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has officially announced that the investment profile of the nation’s telecommunications sector, comprising foreign direct investment (FDI) and local investment, has reached $75.6 billion as…
Inflationary Pressures To Ease By December – Economist, Yusuf
The Director of the Centre for the Promotion of Private Enterprise, Dr Muda Yusuf has said the current inflationary pressures might ease by December this year. Report has it that Yusuf disclosed this on Sunday in his Half Year Review…
Nigeria’s Inflation To Hit 25 Per Cent In Five Months Over Removal Of Fuel Subsidy – World Bank
The World Bank has projected that Nigeria’s inflation would hit 25 per cent in the coming months due to the adverse effect of fuel subsidy removal. Report has it that the Washington-based bank disclosed this in its June 2023 edition…
Subsidy Removal, Forex Unification Painful But Key To Growing Nigeria’s Economy – World Bank
The World Bank has said the Federal Government’s subsidy removal and exchange rate unification policies remain vital to rebuilding the nation’s economy. Report has it that this is coming against the backdrop of the removal of fuel subsidies and foreign…
Nigeria Earned N109.6trn Non-Oil Tax In 12 Years – NBS
The National Bureau of Statistics (NBS) has revealed Nigeria earned N109.6 trillion from non-oil taxes in 12 years. The federal agency gave the breakdown in its latest report titled “Tax-To-GDP Ratio”. The document explained that between 2010 and 2021, Africa’s…
Lease On Cattle Market, Revenues From Quarries To Be Reviewed – Abia govt
The Abia State Government has said that the lease on the popular Lokpanta Cattle Market in Umunnochi LGA of the state will be reviewed by the new administration. This is even as the state government has disclosed that revenues accruing…
Naira Depreciates To N464.42 Against Dollar At Official Exchange Market
Barely five days before the inauguration of the incoming government, the Naira on Tuesday depreciated at the Investors and Exporters window, exchanging at N464.42 to the dollar. Report indicates that the figure represents a 0.20 per cent decrease against N463.50…
Buhari’s Failure To Curb Rising Inflation In Eight Years Tenure,Raises Concern
There are heightened concerns from stakeholders over the untamed increase in Nigeria’s inflation rate under President Muhammadu Buhari’s eight years tenure. Report emanating from the National Bureau of Statistics, in its latest Consumer Price Index, CPI, puts April’s annual inflation…