The Federal Government removed the sum of N35.51bn from allocation made to the states for external…
Economy of State
FG to effect new finance law in January 2020
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said the Finance Bill…
IMF warns Nigeria against rising debts
The IMF Senior Resident Representative and Mission Chief for Nigeria, Mr Amine Mati, has said that…
Oil benchmark budget of $57 in 2020 unrealistic – CBN
The $57 oil benchmark adopted by the Federal Government in the 2020 budget may be unrealistic…
Devaluation calls loom as reserves fall below $40 billion
Nigeria’s foreign exchange reserves fell below $40 billion for the first time in 23 months, as…
NEC raises panel to review ownership structure
The National Economic Council on Thursday resolved to review the status of the ownership structure of…
FEC targets 1.2m jobs with 500 million Euro loan
The government is targeting 1.2million jobs with a 500 million Euro loan, to be managed by…
FG releases N650bn for road construction, repairs
The Federal Government said on Wednesday that road construction and repairs under the Ministry of Works…
Civil servants give govt December 2019 deadline for implementation of minimum wage
The Association of Senior Civil Servants of Nigeria wants the federal, state and local governments to…
Non-oil sector to generate 80% of Nigeria’s revenue – FIRS
The Federal Inland Revenue Service (FIRS) has stated that Nigeria’s non-oil sector would generate 80% of…
CBN urges Nigerians to patronise home-made goods
The Central Bank of Nigeria on Monday called on Nigerians to patronise home-made goods in order…
Nigeria gets $3bn loan from World Bank to boost power sector
The Federal Government on Sunday said it had opened discussions with the United Kingdom on the…
Inflation rose to 11.24% in one month– NBS
The Consumer Price Index released by the National Bureau of Statistics on Tuesday showed inflation index…
FG spent N3.3tn in six months -Ahmed
The Federal Government has spent the sum of N3.39tn within the first six months of this…
PMI shows growth in manufacturing sector- Apex Bank
The Central Bank of Nigeria (CBN) report shows that Purchasing Managers Index (PMI) stood at 57.6 index points…
Naira suffers first depreciation in 7wks
Reflecting apprehension over the continued decline in the nation’s external reserves, especially among FPIs, the Naira…
External Reserves fall to 20-Month Low
Pressured by the impact of volatility in the price of crude oil, slow down in dollar…
Senate Approves MTEF, Raises Oil Benchmark to U.S $57
The Senate has approved the 2020 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).…