Ghana requests debt relief under G20 Common Framework – IMF
Ghana has requested debt relief through the Common Framework program, which is backed by the Group of 20 major economies, according to International Monetary Fund Managing Director, Kristalina Georgieva. According…
Electricity: ‘I’ll declare war’ on power sector, vows Obi
The presidential candidate of the Labor Party, Peter Obi, at the Chatham House on Monday said he is going to declare war on power in Nigeria.This, he said, referring to…
Nigeria’s inflation drops 21 per cent
For the first time in 11 months, Nigeria's inflation rate decreased to 21.34 percent. Prior to November 2022, when it hit 21.47 percent, the country's inflation rate had climbed for…
CBN’s problem is not Emefiele, says Obi
The Presidential Candidate of the Labour Party, Peter Obi, has stated that the problem of the Central Bank of Nigeria is not with its president, Godwin Emefiele. Obi, while speaking…
How 0.5% import tax will boost Nigerian economy – CPPE
Nigeria's economy operating costs, production costs, and inflation will increase as a result of the 0.5% tax that is being imposed on all imports from Africa for the 2023 Finance…
Falana faults FG over irregular petroleum products prices
Human Rights Activist and Senior Advocate of Nigeria, Femi Falana, has condemned the attitude of the Federal Government in allowing private companies to fix prices of petroleum products. He also…
Customs generates N242bn revenue at Onne Port in 2022
The Nigeria Customs Service has said it generated N242,090,629,309.60k revenue in 2022.The Area Controller Nigeria Customs Service Area ll Command Onne Port, Comptroller Auwal Mohammed made this known, attributing the…
How bank borrowing from CBN hit N21.87trn
Data from the Central Bank of Nigeria financial information has revealed that deposit money banks borrowed N21.87 trillion from the CBN in 2020 through the Standing Lending Facility window and…
Natural gas ‘destination fuel’, says Qatar energy minister
The Qatar minister of State for Energy Affairs, H.E. Saad Sherida Al-Kaabi, has stated that natural gas is not a transition fuel as popularly claimed, but a destination fuel. Al-Kaabi,…
A’ibom automobile assembling plant’ll boost economy – Govt
The Akwa Ibom State Government has promised that the automobile assembly and production facility in the Itu Local Government Area's Ikot Ukap Itam will improve the state's economy. According…
Mobile bank transfers hit N19.4 trillion in 2022
The Nigeria Inter-Bank Settlement System has revealed that in 2022, Nigerian bank clients sent a combined total of N19.4 trillion in mobile money transfers. According to Nairametrics, the N8 trillion…
How Nigeria’s non-oil exports hit $4.8bn 2022 – NEPC
Nigeria's non-oil exports increased by 39.91% to $4.820 billion in 2022. Semi-processed and manufactured goods accounted for 36.61% of exports, exceeding agriculture's total of non-oil exports of 30.12%. This information…
