Category: Economy

UK FDI deals to yield $300m for Nigeria

The United Kingdom and Nigeria on Tuesday held trade and investment talks at the Economic...

Manufacturers borrow N1.03tn from banks, debts hit N4.2tn

Operators in the nation’s manufacturing sector saw their combined debt to Nigerian banks rise to...

AfDB predicts energy, food price hikes in Nigeria, others

The President, of the African Development Bank Group, Dr Akinwumi Adesina, has said that the...

Investment in agric, oil sectors’ll boost economic growth –Dangote

The President of Dangote Group, Aliko Dangote, has said that investment in agriculture and oil...

Debt servicing: Nigeria paid $598.59m to World Bank, China in 2021 – Report

Nigeria spent $598.59m on servicing the debts owed to the World Bank and the Exim...

High food prices’ll continue in Nigeria, others till 2023 –IMF

The International Monetary Fund says the impact of the war in Ukraine is likely to...

External reserves return to growth path, gain $243.83m

Nigeria’s external reserves rose by $243.83m in 19 days, according to figures obtained from the...

IMF upgrades Nigeria’s economic growth forecast to 3.4%

The increase in global oil prices has caused the International Monetary Fund to review Nigeria’s...

Paris Club: States write FG, kick against $418m deduction

State governments have asked the Federal Government to refrain from deducting from funds accruing to...

Food prices jump over insecurity, fuel scarcity in Q1 – Report

THE rise in diesel prices, petrol scarcity, and heightened insecurity in the nation drove food...

25% of 2022 capital expenditure may not be funded –Economists

ABOUT 25 per cent of the projected N4.5tn capital expenditure in the 2022 Appropriation Act...

51 firms drive stock market gain by N500bn

Investors gained N500bn at the end of trading on the floor of the Nigerian Exchange...