Naira Steadies At Parallel Market at 1,160/$   The pressure on the foreign exchange (FX) market marginally eased on Tuesday as naira steadied against the United States dollar in the parallel market. According to Aboki FX, the naira sold for N1,160 on Monday and Tuesday respectively. Checks...

Why FG Prefers Imported Vehicles - Minister   Nigerian government prefers to buy imported vehicles because local manufacturers are still found wanting in terms of providing after-sale service, the Minister of Industry, Trade, and Investment, Dr Doris Uzoka-Anite had disclosed. The minister provided this clarification at a...

At COP28 Summit, Tinubu to Remind World Leaders of $100bn Pledge to Nigeria, Others President Bola Tinubu will, on Wednesday, depart Abuja for Dubai, United Arab Emirates, to attend the COP28 Climate Summit, also known as the 28th United Nations Climate Change Conference, or Conference...

FG Approves AfDB’s $1bn Loan The Federal Executive Council (FEC) has approved a concessional budget support financing of $1 billion from the African Development Bank (AfDB). Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced this on Monday after the federal cabinet meeting...

2024 Budget: FEC Approves N27.5trn Appropriation Bill The Federal Executive Council (FEC) has approved the 2024 Appropriation Bill with aggregate expenditure of N27.5 trillion. The Minister of Budget and Economic Planning, Alhaji Atiku Bagudu, announced this on Monday after the Federal Executive Council meeting presided over...

FG’s $1trn GDP Projections not Sufficient, May Fail, Says LCCI The Lagos Chamber of Commerce and Industry (LCCI) has stated that the macroeconomic projections in the Federal Government’s (FG) Medium Term Expenditure Framework (MTEF) are not sufficient to achieve the $1 trillion economy target it...