External Reserves Marginally Gained $1.87m in August   In August 2023, Nigeria’s external reserves experienced a slight uptick of $1.87 million, thanks to the policies implemented by the Central Bank of Nigeria (CBN) aimed at stabilising the foreign exchange market. The external...

In Four Years, We Augmented LG Allocations With N33.25bn – Ogun Govt   The Ogun State Government has said it augmented councils’ allocations with N33.25 billion in the last four years to enable them to meet their obligations. The government maintained that...

In One Week, Stock Investors Gain N1.08trn   The Nigerian equity market investors saw an appreciation of N1.08tn in their wealth last week. The uptick resulted from bullish trading in select stocks as investors positioned for more half-year earnings reports. Last week, the...

CBN Says FG’s Three-month Expenditure Exceeds Revenue by N1.43trn   The Federal Government’s expenditure exceeded revenue by N1.43tn in the first three months of 2023, according to figures obtained from the Central Bank of Nigeria (CBN). The CBN revealed in its economic...

Lagos Blue Line Rail Begins Operations   The Lagos Rail Mass Transit Blue Line System has begun its long-awaited commercial operations. The Lagos State Governor, Mr Babajide Sanwo-Olu, became the first passenger to ride on the train during its inaugural ride as...

Consumers, Companies’ Taxes Increase by 96% to N2.3trn   Government revenue got a boost as taxes from companies and consumers rose by 96.11 per cent to N2.31trn in the second quarter of 2023, signifying a huge jump between the first quarter...