Nigerians spend $39.66bn on foreign education, medical tourism – CBN report
NIGERIANS spent a total of $39.66bn on foreign education and healthcare-related services between 2010 and 2020, according to the Central Bank of Nigeria data. According to CBN’s Balance of Payments,…
Bread prices may go up, bakers blame forex, energy crises
Bakers under the aegis of the Premium Bread-Makers Association of Nigeria have said a harsh business environment triggered by rising energy costs and increasing forex rates has caused some of…
Capital importation suffers 30% decline, records $6.7bn
The value of capital importation into Nigeria fell by 30.78 per cent from $9.68bn in 2020 to $6.7bn in 2021 according to data from the National Bureau of Statistics. In…
Cross River decries N34m federal allocation for March
The Cross River State Government received only about 15 per cent of its statutory allocation from the Federation Account in March. Figures released show that out of the state’s gross…
SEC workers protest unpaid allowances, others
Aggrieved staff members of the Securities and Exchange Commission on Thursday held hours-long protest at the headquarters of the commission to communicate their demands which they said the management of…
Talks ongoing on funding national shipping carrier, says CLG
THE Chief Executive Officer of CLG Securities, Adeniran Aderogba, says discussions are ongoing on securing funding for a national shipping carrier for Nigeria. Aderogba also said the activities of CLG…
Fashola restates 2nd Niger Bridge 2022 completion date, blames IPOB
The Federal Government, on Thursday, said the Second Niger Bridge (now named Muhammadu Buhari Bridge) and the Lagos-Ibadan Expressway would be completed before the end of 2022. This came as…
The Ultimate Guide To Online Dating
The app Hornet, which caters to the gay male community, has seen a 30-percent increase in social feed engagement since social distancing measures began in mid-March, according to CEO Christof…
Reps reject dirty fuel probe report, panel exonerates NNPC
The House of Representatives, on Wednesday, dismissed the report of its Committee on Petroleum Resources (Downstream) which investigated the importation of adulterated Premium Motor Spirit (petrol) into Nigeria, leading to…
Capital importation rises by 26%, hits $2.19bn in Q4
The value of capital importation into Nigeria increased by 26.35 per cent to hit $2.19 billion in the fourth quarter of 2021 according to new data from the National Bureau…
Govt borrowings not necessarily bad -DMO
The Director-General of the Debt Management Office, Patience Oniha, has said borrowings by countries to finance budget deficits and critical infrastructure is not necessarily a bad idea. The DG disclosed…
Senate confirms seven MPC members’ appointments
The Senate, on Wednesday, confirmed the nominations of seven members of the Monetary Policy Committee of the Central Bank of Nigeria. The confirmation of the nominees followed the consideration and…
