Monetary

Remittances To Nigeria, Others May Drop To $41bn This Year – Report

Remittances To Nigeria, Others May Drop To $41bn This Year - Report               Remittances to Nigeria and other African countries are expected to decrease by 5.4 percent from $44 billion in 2020 to a projected total of $41 billion in 2021, due to the effects of...

Twitter Ban: Nigeria Loses N247.61bn In 100 Days

Twitter Ban: Nigeria Loses N247.61bn In 100 Days       The Twitter ban in Nigeria has extended to 100 days, and in that time frame the nation has lost N247.61bn. The Federal Government had on June 4 suspended Twitter after the social media platform deleted a tweet by...

Nigeria Records N1.87trn Trade Deficit Amid Rising Crude Oil Exports

Nigeria Records N1.87trn Trade Deficit Amid Rising Crude Oil Exports     Nigeria recorded a trade deficit of N1.87tn in the second quarter of the year despite recording 111.32 per cent in crude oil exports. However, statistics released by the National Bureau of Statistics in Abuja on Wednesday...

Osinbajo Says Reducing Customs Procedure Can Lift Nigeria, Others By $250bn

Osinbajo Says Reducing Customs Procedure Can Lift Nigeria, Others By $250bn       Vice President Yemi Osinbajo has said that despite the monumental challenges posed by climate change, especially energy transition and related issues, the coming decade anchored on the African Continental Free Trade Area offers great...

Nigeria, Others Lost $793.7m To Maritime Insecurity – NIMASA DG

Nigeria, Others Lost $793.7m To Maritime Insecurity – NIMASA DG       Nigeria and other countries on the shores of the Gulf of Guinea lost $793.7m in 2016 as a result of maritime insecurity, the Nigerian Maritime Administration and Safety Agency has said. The Director-General, NIMASA, Dr Bashir...

Paris Club Refund: Govs Ask Banks To Stop $418m Consultants Pay

Paris Club Refund: Govs Ask Banks To Stop $418m Consultants Pay         The Nigeria Governors’ Forum (NGF) has asked banks not to proceed with the payment of $418.9 million to consultants as directed by the Minister of Finance, Budget and National Planning, Zainab Ahmed. The minister had...