FEC Approves $1.58bn Loan Requests from World Bank, AfDB
The Federal Executive Council (FEC) has approved a $1.58 billion loan request for the Federal Government.
Briefing State House correspondents after Monday's meeting, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said the...
Nigeria's Inflation Rate Rises to 26.72%
Nigeria’s inflation rate has climbed to 26.72 per cent, marking a 0.92 per cent increase from the previous month’s 25.80 per cent.
The National Bureau of Statistics (NBS) disclosed this on Monday via its latest Consumer Price Index report for...
Investors Record N409bn Gain on NGX
Equities market investors gained N409bn in the past week as the Nigerian Exchange Limited (NGX) saw a marginal increase in trading activities with the All-Share Index rising by 1.12 per cent week-on-week to reach 67,200.69 points.
Market capitalisation of listed...
In 6 Months, Nigeria Exports Raw Cashew Worth N146.1bn
Nigeria exported N146.1bn worth of raw cashew in the first half of 2023, a report by the National Bureau of Statistics (NBS) has disclosed.
The report titled Foreign Trade in Goods Statistics showed that the product is...
Stakeholders Lament Inactive Refineries as Fuel Imports Gulp N843bn
The Nigerian National Petroleum Company Limited (NNPCL) may be spending about N843bn monthly on the importation of Premium Motor Spirit, popularly called petrol, following the halt in oil swaps by the firm, findings showed on Sunday.
NNPCL,...
Dollar Supply Jumps After CBN Lifts Ban on Forex Sale
Dollar supply at the foreign exchange (forex) market reportedly soared after the Central Bank of Nigeria (CBN) scrapped restrictions on buying foreign currency required to import 43 items, in a bid to stem the local...
