FG Hopes To Ramp Up Power Infrastructure With $4bn Funding
The Federal Government (FG) has expressed optimism that the various funding arrangements amounting to about $4 billion it has put in place to boost power transmission capacity and other power...
Naira Slides As Forex Reserves Drop Third Consecutive Time
The naira depreciated to N588 per dollar at the parallel market as the nation’s foreign exchange (forex) reserves dropped for the third consecutive time.
Trading reports at the weekend showed that naira...
116.46m Litres Of Petrol Lost In 2021 - NNPC Reports
A total of 116.46 million litres of Premium Motor Spirit, popularly called petrol, valued at N18.88bn was stolen in 2021, data from different reports obtained from the Nigerian National Petroleum...
VAT Revenue Rises By 33% To N2.07trn
The National Bureau of Statistics (NBS) said the federal government generated N2.07 trillion as Value Added Tax (VAT) last year.
This represents a 33 percent Year-on-Year (YoY) increase in VAT when compared to N1.55...
Bread Prices May Increase, Bakers Blame Forex, Energy Crises
Bakers under the aegis of the Premium Bread-Makers Association of Nigeria (PBAN) have said a harsh business environment triggered by rising energy costs and increasing forex rates has caused some of...
'Nigerians Spend $39.66bn On Foreign Education, Medical Tourism'
Nigerians spent a total of $39.66bn on foreign education and healthcare-related services between 2010 and 2020, according to the Central Bank of Nigeria data.
According to CBN’s Balance of Payments, Nigerian parents and...
