FCT, States Generated N2.43trn IGR - NBS   The Federal Capital Territory (FCT) and the 36 states of the federation generated N2.43trillion Internally Generated Revenue (IGR) last year. The National Bureau of Statistics (NBS) made this known yesterday in its document titled:...

Inflation Will Remain Substantially Higher in Nigeria, Other Oil Exporting Countries in 2025 - IMF   The International Monetary Fund (IMF) has projected that with further policy adjustments expected, median inflation will decline slightly in Nigeria, Angola and Ghana, but noted...

Nigeria Expands Local Refining With Four Modular Refineries, New Licenses   The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) yesterday gave an update on Nigeria’s local refining capacity, saying there is an expansion with the issuance of nine Licenses to...

Report Reveals FG spent N29bn to Repair Damaged Power Towers   The Federal Government, through the Transmission Company of Nigeria (TCN) has spent a total sum of N29.3bn as costs to repair 266 electricity towers damaged by vandals nationwide, the latest...

Naira Weakens Further as FX Turnover Declines by 71%   The naira fell on Monday at both the official and black markets to 1670.75/$ and 1748/$, respectively, as the daily foreign exchange turnover in the official market dropped by 71 per...

'Four Free Trade Zones Attract $8bn Investments'   Four free trade zones have attracted a total investment of $8bn within their years of operations, contributing to local economic activity and fostering international trade relations, officials of the FTZs have said. The zones,...