Nationwide Darkness Looms as National Grid Collapses Again
Abuja, Lagos and other major of cities in Nigeria have been thrown into darkness following another collapse of the country’s national electricity grid.
The Transmission Company of Nigeria (TCN) confirmed this in a...
Manufacturing Sector Dominates Nigeria's Import Contributions with N3.9tn in Q3 of 2023
The manufacturing sector has topped the list of Nigeria's import contributions in the 3rd quarter of 2023.
According to the National Bureau of Statistics (NBS) report, the manufacturing sector...
Currency in Circulation Falls by N1.39trn, as Naira Scarcity Intensifies
The currency in circulation has significantly dropped by N1.39 trillion. According to new data released by the Central Bank of Nigeria (CBN), the currency in circulation fell to N1.39 trillion...
FG Records N1.5trn Fiscal Deficit In Two Months, CBN Reveals
The Federal Government recorded N1.54tn fiscal deficit in July and August 2023, figures from the Central Bank of Nigeria (CB) have revealed.
According to CBN’s monthly economic report for August, the...
2024 Budget: FG To Spend N837bn On 2,254 Bridges, Roads
The Federal Government is planning to rehabilitate and construct 1,925 roads and highways across the country in the 2024 budget proposal.
The government also allocated N548.56b for roads construction in 2024,...
'Nigeria Not Generating Enough Revenue to Support Devt'
Nigeria is not earning enough revenue to support its developmental needs, the International Monetary Fund (IMF) has disclosed.
According to the IMF, the country’s nine per cent revenue to Gross Domestic Product ratio...
