Nigeria's External Reserves Hit 22-Month High to $37.31bn — CBN Nigeria’s external reserves have reached a 22-month high of $37.31bn, reflecting significant foreign inflows into the country’s economy. Data from the Central Bank of Nigeria (CBN) revealed that as of September 18, 2024, the reserves hit...

Cooking Gas Price Increases by 69% in August  The average retail price for refilling a 12.5kg cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 69.15% from N9,194.41 in August 2023 to N15,552.56 in August 2024, on a year-on-year basis. According to the National Bureau Of...

Foreign Reserves Record $2.35bn Net Inflow – Finance Minister The Minister of Finance and Coordinating Minister of Economy, Wale Edun, says Nigeria’s foreign reserves have seen a net inflow of about $2.35bn into the Central Bank’s coffers. He disclosed this at the Corporate Customers Forum in...

Public, Private Pension Contributions Rise to N11tn – Report A report on 20 years of pension reforms in Nigeria obtained on Thursday showed that pension contributions from the public and private sectors rose to N11tn in the second quarter of 2024. The Chief Executive Officer of...

Nominal GDP Reaches N60.93tn in Q2, Says FG The Federal Government has announced that Nigeria’s nominal Gross Domestic Product (GDP) reached N60.93tn in the second quarter of 2024, reflecting significant improvements in the nation’s economy. It also stated its commitment to implement policies to help identify...

FG, States, LGs Shared N3.47tn in Q2 – NEITI The Nigeria Extractive Industries Transparency Initiative (NEITI) has stated that the Federation Accounts Allocation Committee (FAAC) disbursed N3.473tn to the three tiers of government in the second quarter of 2024. This reflects an increase of N46.77bn (1.42...