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Thursday, May 24, 2018

AfDB: Industrial Production Has Fallen By 41%

AfDB: Industrial Production Has Fallen By 41%   Nigeria’s industrial value dropped by 41 per cent between 2012 and this year, the African Development Bank has...

Nigeria’s Foreign Reserve Hits $47bn Says President Buhari

Nigeria’s Foreign Reserve Hits $47bn Says President Buhari   President Muhammadu Buhari yesterday said the country`s foreign reserve has risen to $47 billion as at April...

Osinbajo: FG Invests $10bn In Infrastructure In 3Years

Osinbajo: FG Invests $10bn In Infrastructure In 3Years   The Vice-President, Prof. Yemi Osinbajo, says the Federal Government has invested close to 10 billion dollars in...
NBS National Bureau of Statistics

Analysts Warn Against Another Recession As Economic Growth Shrinks

Analysts Warn Against Another Recession As Economic Growth Shrinks   The National Bureau of Statistics on Monday released Nigeria’s Gross Domestic Product growth rate report with...

FG, States, Others Diverted N320bn Natural Resources Fund Says Dogara

FG, States, Others Diverted N320bn Natural Resources Fund Says Dogara   The Speaker of the House of Representatives, Mr. Yakubu Dogara, on Thursday disclosed how the...

Oil Export, NNPC Earns $4.29 Billion

Oil Export, NNPC Earns $4.29 Billion   Nigeria’s oil and gas sector recorded total revenue of $4.29billion (N1.554trillion) from exports between January 2017 and January 2018.On...

PTAD Puts Monthly Pension Bill At N7.8bn, Recovers N16bn Assets

PTAD Puts Monthly Pension Bill At N7.8bn, Recovers N16bn Assets   The Pension Transition Arrangement Directorate (PTAD) said wednesday that it recovered cash and non-cash assets...

FG secures $22.5bn Investments In 164 Projects

FG secures $22.5bn Investments In 164 Projects   The Federal Government on Tuesday said it had secured a total investment commitment of $22.5bn from the private...

Currency-in-Circulation Drops To N1.668 Trillion

Currency-in-Circulation Drops To N1.668 Trillion   The total value of currency-in-circulation in the country reduced by N269 billion year-on-year to N1.668trillion as of the end of...

Oil & Gas: IBTC Records 249% Increase In Bad Loans

Oil & Gas: IBTC Records 249% Increase In Bad Loans   Stanbic IBTC Bank Plc, despite the sustained rise in crude oil prices over the last...

Power: N1tn Debt Threatens NBET Existence

Power: N1tn Debt Threatens NBET Existence   The Federal Government has warned that massive indebtedness by power distributors to the Nigerian Bulk Electricity Trading Company may...

Insurance Companies Lose N23bn To Multiple Taxation

Insurance Companies Lose N23bn To Multiple Taxation   Fifty eight insurance companies in the country have decried the increasing multiple taxation they are subjected to by...

$17.8bn Investment Pledge Secured In 3Months Says NIPC

$17.8bn Investment Pledge Secured In 3Months Says NIPC The Nigerian Investment Promotion Commission on Thursday said that in the first quarter of this year, states...
NBS National Bureau of Statistics

Nigeria’s Q1 Capital Importation hits $6.3bn

Nigeria’s Q1 Capital Importation hits $6.3bn The first quarter in 2018 saw a continuous growth in total Capital Importation into Nigeria, as the total value...

Tax Payers’ Base hits 19m – Adeosun

Tax Payers’ Base hits 19m - Adeosun Minister of Finance, Mrs. Kemi Adeosun, disclosed on Thursday that the Federal Government would mobilise more revenues to...

Foreign Transactions Increased By 58% In One Month

Foreign Transactions  Increased By 58% In One Month   Foreign portfolio investors’ transactions on the Nigerian Stock Exchange rose by 58.87 per cent in March from...

Tax: FG captures 5m more Nigerians – Osinbajo

Tax: FG captures 5m more Nigerians – Osinbajo   At least five million more Nigerians have been added to the tax net following reforms in the...

AfDB: Nigeria, Others Require $1.2tn Annual Investment

AfDB: Nigeria, Others Require $1.2tn Annual Investment   Countries in Africa, including Nigeria, require an investment of about $1.2tn annually in order to achieve the continent’s...
cbn

CBN Cuts Interest Rate Before Year-End

CBN Cuts Interest Rate Before Year-End   The Monetary Policy Committee of the Central Bank of Nigeria is expected to cut the Monetary Policy Rate, also...

Nigeria Leads South Africa In Foreign Reserves

Nigeria Leads South Africa In Foreign Reserves   Nigeria is leading South Africa in net foreign reserves as Nigeria’s reserve hits $47.37 billion (N17 trillion) in...

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