W/Bank, AfDB Approved $2.83bn For Nigeria In 2021   The World Bank and the African Development Bank approved a total sum of $2.83bn to Nigeria in 2021. However, the financing is not limited to the Nigerian government, as it also covers Nigerian...

In One Week, Stock Market Investors Gain N840bn   Investors in the Nigerian stock market saw the worth of their shares rise by N840bn last week as 47 firms recorded price appreciation. The All-Share Index of the Nigerian Exchange Limited and market...

Fed Govt To Spend 94% Of 2022 Revenue On Debt Servicing - Report   August&Co, a global research and credit rating institution, estimates that Nigeria will incur N4.7 trillion on debt serving this year. The amount is 94 per cent of its...

CBN Releases e-invoicing Guidelines For Import, Exports   The Central Bank of Nigeria (CBN) has released guidelines for the newly-introduced electronic invoicing (e-invoicing) and evaluator for exporters and importers, saying the process commences on February 1, 2022. The new regulation, it stated,...

Bakery Operators Lament As Wheat Production Crashes By 89.4%   Local wheat production has fallen by 89.4 per cent, raising concerns by bakery operators over the rising cost of production. Wheat production in Nigeria has crashed by 89.44 per cent, dropping from...

Rising Governance Cost, Recessions, Others Raise FG Spending By 183%   Rising governance cost, economic recessions necessitating higher government spending may have combined with other factors to raise Federal Government spending by 183 per cent in seven years. The Federal Government increased...