FG to Generate $200bn Revenue from Customs Modernisation Project The Federal Government is to generate $200bn revenue from the modernisation project of the Nigeria Customs Service, the concessionaire in charge of the project, announced on Thursday. Speaking at the flag-off of the Project Management Office of...

FG Spent $894m To Service Foreign Debts From January To April 2023 - CBN   Data released by the Central Bank of Nigeria (CBN) has revealed that the federal government spent $894 million to service foreign debt obligations from January to April 2023. The export and international...

Again, CBN Increases Interest Rate to 18.5% The Central Bank of Nigeria(CBN) has raised its benchmark lending rate to 18.5 per cent, from 18 per cent, in a robust push to contain the nation’s inflationary trend. The CBN governor, Godwin Emefiele, announced this on Wednesday after...

Import Bill On Manufactured Goods Drops By 18.4% To N2.45trn   The value of manufactured goods imported into the country fell to N2.448 trillion in the fourth quarter ended December 31, 2022 as the government tightens the noose on importation of certain items into the country. This...

eNaira: 98% Of Wallets Inactive, Adoption Slow – IMF   The International Monetary Fund (IMF) has disclosed that 98.5 per cent of eNaira wallets have been unused one year after the launch of the central bank digital currency. This disclosure was contained in a report titled, ‘Nigeria’s...

PHOTOS: PRNigeria Ladies Bag Double 2023 SABRE African PR Awards in Zambia Female staff of Image Merchants Promotion Limited (IMPR), the publisher of PRNigeria and Economic Confidential, have bagged double SABRE African Public Relations Awards 2023 in Lusaka, Zambia. The award, which recognises Superior Achievement in...