World Bank To Nigeria: Reduce Govt Borrowing From CBN   The World Bank Group has urged Nigeria to reduce government’s borrowing from the Central Bank if it wants to reduce the inflationary pressure on the economy. World Bank’s Lead Economist for Nigeria, Alex Sienaert, stated this on...

Nigeria’s Pension Assets To Hit N19trn In 2024, Report Reveals   Nigeria’s total pension assets, has been projected rise to an impressive N19 trillion by the end of 2024, according to a Pan-African credit rating agency, Agusto & Co. This projection is contained in a report titled,...

Apapa Customs Intercepts Pistols, Rakes In N502bn Revenue   The Apapa Command of Nigeria Customs Service (NCS) on Tuesday, said that it intercepted two pistols inside one groupage cargo and collected a total of N502.987 billion from January 2023 to July. The Command also said it made...

Nigeria Spends Over N13trn On Subsidy - NEITI   Nigeria expended over N13.69 trillion between 2005 to 2021 to finance subsidy payments, the Executive Secretary, Nigeria Extractive Industry Transparency Initiative (NEITI), Orji Ogbonnaya Orji, has said. “We have outlined what needs to be done in our policy...

Kwara Govt Approves N10,000 Monthly Palliative For Public Workers   The Kwara State Governor, Alhaji AbdulRahman AbdulRazaq, has approved palliatives of a monthly cash support of N10,000 for every public sector workers in the state. AbdulRazaq, however, said the palliative would begin in July and last until...

IMF Says Insecurity Will Slow Nigeria’s Economic Growth   The International Monetary Fund (IMF) has projected that Nigeria’s economic growth will decline in 2023 and 2024 due to security issues in the oil sector. It stated that the country’s economy would grow at 3.2 per cent in...