FG unveils plan to revamp cooperative sector, targets $1trn economy
The Federal Government has launched a bold initiative aimed at revitalising Nigeria’s cooperative sector, with a long-term goal of positioning it as…
Economy
Nigeria expecting $2.2bn loans from World Bank – Minister
The Federal Government is anticipating approximately $2.2 billion in single-digit interest loans from the World Bank, along with a budget support facility…
90% of Nigeria’s tax revenue comes from nine sources – Wale Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has highlighted that approximately 90% of tax revenue flowing into…
Naira can’t return to previous rate against dollar – Omokri
A former presidential aide, Reno Omokri, has revealed that the country is allocating $1.5 billion to defend the naira in an interview…
National assembly proposes CBN capital base increase to N1trn
Melvin Onwubuke The National Assembly has made attempts with a proposal that could drive the CBN capital base to a staggering N1…
Nigeria’s foreign reserves to drop 2024 – IMF
The International Monetary Fund has predicted that Nigeria’s foreign reserve is expected to decrease significantly, falling to $24 billion in 2024. “Through…
Enugu table, sachet water producers shut down over harsh economy
By Onwubuke Melvin Enugu table, sachet water producers shut down over harsh economy The Association of Table Water Producers in Enugu…
FG hails Dangote over efforts to diversify economy
The Federal Government has praised the Dangote Group for contributing to the government’s efforts to diversify the country’s economy, as well as…
Equity market recovers, gains N902bn
Positive trading returned to the stock market on Thursday, resulting in a gain of N902 billion. The PUNCH reported that this followed…
BUA Foods sale hits N728 bn
Fortified Sugar generated the most income for BUA Foods among its several business sectors in 2023. The PUNCH revealed that the company’s overall…
Agric dealers create team to address unethical behaviour
Agric dealers create team to address unethical behaviour Dealers of agricultural inputs established a compliance monitoring team on Thursday in an effort…
Real estate lunk agriculture with $900bn dead capital – PwC
PricewaterhouseCoopers Nigeria has stated that Nigeria may have dead capital stashed away in residential and agricultural real estate valued up to $900…